IRVH vs. LTPZ
IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and LTPZ (PIMCO 15+ Year US TIPS Index ETF) are both Inflation-Protected Bonds funds. IRVH is actively managed, while LTPZ is passively managed. Over the past 3 years, IRVH returned 0.11%/yr vs -1.54%/yr for LTPZ. Their 0.59 correlation means they have sometimes moved together and sometimes differently. IRVH charges 0.50%/yr vs 0.20%/yr for LTPZ.
Performance
IRVH vs. LTPZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IRVH achieves a -4.59% return, which is significantly lower than LTPZ's -3.75% 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%
LTPZ
- 1D
- -0.34%
- 1M
- -3.73%
- 6M
- -3.61%
- YTD
- -3.75%
- 1Y
- -2.50%
- 3Y*
- -1.54%
- 5Y*
- -7.34%
- 10Y*
- -0.06%
- ALL TIME*
- 2.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $471.52 | $4.02K | $5.19K | |
| $11.36M | $8.24M | $7.63M |
IRVH vs. LTPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -4.59% | 7.71% | -5.49% | 0.83% | -6.69% |
LTPZ PIMCO 15+ Year US TIPS Index ETF | -3.75% | 4.00% | -4.80% | 0.96% | -10.31% |
Correlation
The correlation between IRVH and LTPZ is 0.53, 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. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2022 | 0.59 |
The correlation between IRVH and LTPZ has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
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. LTPZ — Risk / Return Rank
IRVH
LTPZ
IRVH vs. LTPZ - 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 PIMCO 15+ Year US TIPS Index ETF (LTPZ). 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 | LTPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.98 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | -0.20 | -0.29 |
| Martin ratioReturn relative to average drawdown | -0.97 | -0.42 | -0.56 |
Loading charts...
Drawdowns
IRVH vs. LTPZ - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, smaller than the maximum LTPZ drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for IRVH and LTPZ.
Loading charts...
Drawdown Indicators
| IRVH | LTPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -40.99% | +26.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.48% | -8.09% | +1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -12.64% | +4.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.99% | — |
Current DrawdownCurrent decline from peak | -11.49% | -35.53% | +24.04% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -12.60% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 3.86% | -0.60% |
Volatility
IRVH vs. LTPZ - Volatility Comparison
The current volatility for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) is 0.88%, while PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a volatility of 2.05%. This indicates that IRVH experiences smaller price fluctuations and is considered to be less risky than LTPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IRVH | LTPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 2.05% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 6.79% | -3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.66% | 9.03% | -4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 15.85% | -7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.70% | 15.03% | -6.33% |
IRVH vs. LTPZ - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is higher than LTPZ's 0.20% expense ratio.
Dividends
IRVH vs. LTPZ - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.68%, less than LTPZ's 6.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.31% | 4.89% | 3.34% | 3.69% | 2.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LTPZ PIMCO 15+ Year US TIPS Index ETF | 6.00% | 4.64% | 3.71% | 3.71% | 8.38% | 3.56% | 1.42% | 1.74% | 3.05% | 2.25% | 2.32% | 0.71% |
Frequently Asked Questions
IRVH and LTPZ have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LTPZ has higher volatility (2.05%) compared to IRVH (0.88%). In terms of maximum drawdown, IRVH dropped -14.98% vs LTPZ's -40.99%.
On 3-year performance, IRVH leads with 0.11% vs -1.54% for LTPZ. On fees, LTPZ is cheaper at 0.20% per year. On volatility, IRVH has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IRVH has performed better with a 0.11% return vs -1.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LTPZ is cheaper with a 0.20% expense ratio, compared with 0.50% for IRVH.
LTPZ has the higher dividend yield at 6.00%, compared with 5.31% for IRVH.
They also come from different issuers: Global X and PIMCO. Their fees differ too: 0.50% for IRVH and 0.20% for LTPZ.
LTPZ currently has the higher Sharpe Ratio (-0.18 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.
Find the right allocation for IRVH and LTPZ
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