IRVH vs. LQDH
IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and LQDH (iShares Interest Rate Hedged Corporate Bond ETF) are both exchange-traded funds - IRVH is a Inflation-Protected Bonds fund actively managed by Global X, while LQDH is a Corporate Bonds fund actively managed by iShares. Both are actively managed. Over the past 3 years, IRVH returned 0.16%/yr vs 7.81%/yr for LQDH. At a 0.03 correlation, their price movements are largely independent. IRVH charges 0.50%/yr vs 0.25%/yr for LQDH.
Performance
IRVH vs. LQDH - Performance Comparison
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Returns By Period
In the year-to-date period, IRVH achieves a -3.97% return, which is significantly lower than LQDH's 2.29% return.
IRVH
- 1D
- 0.26%
- 1M
- -0.72%
- YTD
- -3.97%
- 6M
- -3.46%
- 1Y
- -2.59%
- 3Y*
- 0.16%
- 5Y*
- —
- 10Y*
- —
LQDH
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.29%
- 6M
- 2.34%
- 1Y
- 7.56%
- 3Y*
- 7.81%
- 5Y*
- 5.18%
- 10Y*
- 4.68%
IRVH vs. LQDH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -3.97% | 7.71% | -5.49% | 0.83% | -6.69% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 2.29% | 7.00% | 7.43% | 11.14% | 3.60% |
Correlation
The correlation between IRVH and LQDH is -0.06, 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 (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2022 | 0.03 |
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Return for Risk
IRVH vs. LQDH — Risk / Return Rank
IRVH
LQDH
IRVH vs. LQDH - 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 Interest Rate Hedged Corporate Bond ETF (LQDH). 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 | LQDH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.39 | ||
| Sortino ratioReturn per unit of downside risk | -5.12 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.58 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 3.24 | -3.66 |
| Martin ratioReturn relative to average drawdown | -0.97 | 13.77 | -14.74 |
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Drawdowns
IRVH vs. LQDH - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, smaller than the maximum LQDH drawdown of -24.63%. Use the drawdown chart below to compare losses from any high point for IRVH and LQDH.
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Drawdown Indicators
| IRVH | LQDH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -24.63% | +9.65% |
Max Drawdown (1Y)Largest decline over 1 year | -6.11% | -2.34% | -3.77% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -4.86% | -3.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.63% | — |
Current DrawdownCurrent decline from peak | -10.91% | -0.27% | -10.64% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -1.67% | -8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 0.55% | +2.13% |
Volatility
IRVH vs. LQDH - Volatility Comparison
Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) has a higher volatility of 1.18% compared to iShares Interest Rate Hedged Corporate Bond ETF (LQDH) at 0.48%. This indicates that IRVH's price experiences larger fluctuations and is considered to be riskier than LQDH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRVH | LQDH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 0.48% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 2.04% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.81% | 2.68% | +2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.79% | 4.41% | +4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.79% | 6.43% | +2.36% |
IRVH vs. LQDH - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is higher than LQDH's 0.25% expense ratio.
Dividends
IRVH vs. LQDH - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.60%, less than LQDH's 5.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.60% | 4.89% | 3.34% | 3.69% | 2.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 5.95% | 6.06% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% |
Frequently Asked Questions
IRVH and LQDH have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRVH has higher volatility (1.18%) compared to LQDH (0.48%). In terms of maximum drawdown, IRVH dropped -14.98% vs LQDH's -24.63%.
On 3-year performance, LQDH leads with 7.81% vs 0.16% for IRVH. On fees, LQDH is cheaper at 0.25% per year. On volatility, LQDH has been the lower-risk option at 0.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, LQDH has performed better with a 7.81% return vs 0.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQDH is cheaper with a 0.25% expense ratio, compared with 0.50% for IRVH.
LQDH has the higher dividend yield at 5.95%, compared with 5.60% for IRVH.
IRVH is categorized as Inflation-Protected Bonds, while LQDH is Corporate Bonds. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for IRVH and 0.25% for LQDH.
LQDH currently has the higher Sharpe Ratio (2.85 vs -0.54), 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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