IRVH vs. ICPI
IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and ICPI (iShares 0-1 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds. IRVH is actively managed, while ICPI is passively managed. Their 0.04 correlation means their historical movements had little consistent relationship. IRVH charges 0.50%/yr vs 0.09%/yr for ICPI.
Performance
IRVH vs. ICPI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IRVH achieves a -4.64% return, which is significantly lower than ICPI's 2.86% return.
IRVH
- 1D
- -0.06%
- 1M
- -0.73%
- 6M
- -4.05%
- YTD
- -4.64%
- 1Y
- -3.63%
- 3Y*
- -0.42%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.20%
ICPI
- 1D
- -0.04%
- 1M
- 0.28%
- 6M
- 2.54%
- YTD
- 2.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $371.25K | $268.76K | $267.83K | |
| $459.76 | $1.90K | $4.28K |
IRVH vs. ICPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -4.64% | 0.01% |
ICPI iShares 0-1 Year TIPS Bond ETF | 2.86% | 0.32% |
Correlation
The correlation between IRVH and ICPI is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IRVH vs. ICPI — Risk / Return Rank
IRVH
ICPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IRVH vs. ICPI - 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 0-1 Year TIPS Bond ETF (ICPI). 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 | ICPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.88 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | — | — |
| Martin ratioReturn relative to average drawdown | -1.11 | — | — |
Loading charts...
Drawdowns
IRVH vs. ICPI - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, which is greater than ICPI's maximum drawdown of -0.34%. Use the drawdown chart below to compare losses from any high point for IRVH and ICPI.
Loading charts...
Drawdown Indicators
| IRVH | ICPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -0.34% | -14.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.48% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | — | — |
Current DrawdownCurrent decline from peak | -11.54% | -0.04% | -11.50% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -0.05% | -9.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | — | — |
Volatility
IRVH vs. ICPI - Volatility Comparison
Loading charts...
Volatility by Period
| IRVH | ICPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 0.98% | +3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.69% | 0.98% | +7.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.69% | 0.98% | +7.71% |
IRVH vs. ICPI - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is higher than ICPI's 0.09% expense ratio.
Dividends
IRVH vs. ICPI - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.72%, more than ICPI's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 3.24% | 0.54% | 0.00% | 0.00% | 0.00% |
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.72% | 4.89% | 3.34% | 3.69% | 2.73% |
Frequently Asked Questions
IRVH and ICPI have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICPI is cheaper with a 0.09% expense ratio, compared with 0.50% for IRVH.
IRVH has the higher dividend yield at 5.72%, compared with 3.24% for ICPI.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for IRVH and 0.09% for ICPI.
Find the right allocation for IRVH and ICPI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer