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 -2.61% vs 3.92% for IBII. A 0.65 correlation means they provide meaningful diversification when combined. 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 -4.22% return, which is significantly lower than IBII's 1.25% return.
IRVH
- 1D
- 0.08%
- 1M
- -0.62%
- 6M
- -3.96%
- YTD
- -4.22%
- 1Y
- -2.61%
- 3Y*
- 0.36%
- 5Y*
- —
- 10Y*
- —
IBII
- 1D
- 0.02%
- 1M
- -0.06%
- 6M
- 1.05%
- YTD
- 1.25%
- 1Y
- 3.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IRVH vs. IBII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -4.22% | 7.71% | -5.49% | 5.73% |
IBII iShares iBonds Oct 2032 Term TIPS ETF | 1.25% | 8.65% | 1.21% | 4.85% |
Correlation
The correlation between IRVH and IBII is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 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 | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.19 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 1.93 | -2.37 |
| Martin ratioReturn relative to average drawdown | -0.93 | 5.80 | -6.73 |
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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 | -6.11% | -1.98% | -4.13% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | — | — |
Current DrawdownCurrent decline from peak | -11.14% | -1.01% | -10.13% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -1.12% | -8.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 0.66% | +2.24% |
Volatility
IRVH vs. IBII - Volatility Comparison
The current volatility for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) is 1.17%, while iShares iBonds Oct 2032 Term TIPS ETF (IBII) has a volatility of 1.33%. This indicates that IRVH experiences smaller price fluctuations and is considered to be less risky 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 | 1.17% | 1.33% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 2.57% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.77% | 3.49% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.76% | 5.39% | +3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.76% | 5.39% | +3.37% |
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 5.65%, more than IBII's 5.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBII iShares iBonds Oct 2032 Term TIPS ETF | 5.19% | 4.80% | 4.76% | 1.10% | 0.00% |
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.65% | 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.
IBII has higher volatility (1.33%) compared to IRVH (1.17%). In terms of maximum drawdown, IRVH dropped -14.98% vs IBII's -4.65%.
On 1-year performance, IBII leads with 3.92% vs -2.61% for IRVH. On fees, IBII is cheaper at 0.10% per year. On volatility, IRVH has been the lower-risk option at 1.17%. 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 3.92% return vs -2.61%. 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 5.65%, compared with 5.19% 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 (1.09 vs -0.56), 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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