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. At a 0.04 correlation, their price movements are largely independent. IRVH charges 0.50%/yr vs 0.09%/yr for ICPI.
Performance
IRVH vs. ICPI - Performance Comparison
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Returns By Period
In the year-to-date period, IRVH achieves a -4.36% return, which is significantly lower than ICPI's 2.44% return.
IRVH
- 1D
- -0.36%
- 1M
- -1.18%
- YTD
- -4.36%
- 6M
- -4.00%
- 1Y
- -2.13%
- 3Y*
- 0.01%
- 5Y*
- —
- 10Y*
- —
ICPI
- 1D
- -0.09%
- 1M
- -0.05%
- YTD
- 2.44%
- 6M
- 2.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IRVH vs. ICPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -4.36% | 0.01% |
ICPI iShares 0-1 Year TIPS Bond ETF | 2.44% | 0.32% |
Correlation
The correlation between IRVH and ICPI is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.04 |
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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 | 0.93 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | — | — |
| Martin ratioReturn relative to average drawdown | -0.82 | — | — |
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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 -0.32%. Use the drawdown chart below to compare losses from any high point for IRVH and ICPI.
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Drawdown Indicators
| IRVH | ICPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -0.32% | -14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -5.96% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | — | — |
Current DrawdownCurrent decline from peak | -11.28% | -0.32% | -10.96% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -0.04% | -9.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | — | — |
Volatility
IRVH vs. ICPI - Volatility Comparison
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Volatility by Period
| IRVH | ICPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.85% | 0.96% | +3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 0.96% | +7.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.80% | 0.96% | +7.84% |
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 5.62%, more than ICPI's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 1.80% | 0.54% | 0.00% | 0.00% | 0.00% |
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.62% | 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 5.62%, compared with 1.80% 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.
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