IRVH vs. IBII
IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and IBII (iShares iBonds Oct 2032 Term TIPS ETF) are both Inflation-Protected Bonds funds. IRVH is actively managed, while IBII is passively managed. Over the past year, IRVH returned -3.57% vs 2.21% for IBII. Their 0.65 correlation means they have sometimes moved together and sometimes differently. IRVH charges 0.50%/yr vs 0.10%/yr for IBII.
Performance
IRVH vs. IBII - Performance Comparison
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Returns By Period
In the year-to-date period, IRVH achieves a -4.59% return, which is significantly lower than IBII's 0.86% return.
IRVH
- 1D
- -0.11%
- 1M
- -0.67%
- 6M
- -4.04%
- YTD
- -4.59%
- 1Y
- -3.57%
- 3Y*
- 0.11%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.19%
IBII
- 1D
- -0.20%
- 1M
- -0.47%
- 6M
- 0.10%
- YTD
- 0.86%
- 1Y
- 2.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $334.80K | $323.00K | $347.99K | |
| $471.52 | $4.02K | $5.19K |
IRVH vs. IBII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -4.59% | 7.71% | -5.49% | 5.73% |
IBII iShares iBonds Oct 2032 Term TIPS ETF | 0.86% | 8.65% | 1.21% | 4.85% |
Correlation
The correlation between IRVH and IBII is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.65 |
The correlation between IRVH and IBII has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.
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Return for Risk
IRVH vs. IBII — Risk / Return Rank
IRVH
IBII
IRVH vs. IBII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) and iShares iBonds Oct 2032 Term TIPS ETF (IBII). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IRVH | IBII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.16 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 1.52 | -2.01 |
| Martin ratioReturn relative to average drawdown | -0.97 | 4.19 | -5.17 |
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Drawdowns
IRVH vs. IBII - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, which is greater than IBII's maximum drawdown of -4.65%. Use the drawdown chart below to compare losses from any high point for IRVH and IBII.
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Drawdown Indicators
| IRVH | IBII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -4.65% | -10.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.48% | -1.98% | -4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | — | — |
Current DrawdownCurrent decline from peak | -11.49% | -1.40% | -10.09% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -1.12% | -8.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 0.72% | +2.54% |
Volatility
IRVH vs. IBII - Volatility Comparison
Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) has a higher volatility of 0.88% compared to iShares iBonds Oct 2032 Term TIPS ETF (IBII) at 0.78%. This indicates that IRVH's price experiences larger fluctuations and is considered to be riskier than IBII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRVH | IBII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.78% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 2.58% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.66% | 3.41% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 5.35% | +3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.70% | 5.35% | +3.35% |
IRVH vs. IBII - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is higher than IBII's 0.10% expense ratio.
Dividends
IRVH vs. IBII - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.68%, more than IBII's 5.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBII iShares iBonds Oct 2032 Term TIPS ETF | 5.21% | 4.80% | 4.76% | 1.10% | 0.00% |
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.31% | 4.89% | 3.34% | 3.69% | 2.73% |
Frequently Asked Questions
IRVH and IBII have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRVH has higher volatility (0.88%) compared to IBII (0.78%). In terms of maximum drawdown, IRVH dropped -14.98% vs IBII's -4.65%.
On 1-year performance, IBII leads with 2.21% vs -3.57% for IRVH. On fees, IBII is cheaper at 0.10% per year. On volatility, IBII has been the lower-risk option at 0.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBII has performed better with a 2.21% return vs -3.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBII is cheaper with a 0.10% expense ratio, compared with 0.50% for IRVH.
IRVH has the higher dividend yield at 5.31%, compared with 5.21% for IBII.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for IRVH and 0.10% for IBII.
IBII currently has the higher Sharpe Ratio (0.89 vs -0.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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