IRVH vs. PBTP
Compare and contrast key facts about Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) and Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP).
IRVH and PBTP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IRVH is an actively managed fund by Global X. It was launched on Jul 5, 2022. PBTP is a passively managed fund by Invesco that tracks the performance of the ICE BofA U.S. Treasuries Inflation-Linked (0-5 Y). It was launched on Sep 22, 2017.
Performance
IRVH vs. PBTP - Performance Comparison
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IRVH vs. PBTP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -1.97% | 7.71% | -5.49% | 0.83% | -6.69% |
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 1.05% | 5.98% | 4.72% | 4.53% | -1.36% |
Returns By Period
In the year-to-date period, IRVH achieves a -1.97% return, which is significantly lower than PBTP's 1.05% return.
IRVH
- 1D
- 0.04%
- 1M
- -2.07%
- YTD
- -1.97%
- 6M
- -1.43%
- 1Y
- 0.81%
- 3Y*
- -0.66%
- 5Y*
- —
- 10Y*
- —
PBTP
- 1D
- 0.04%
- 1M
- 0.10%
- YTD
- 1.05%
- 6M
- 1.35%
- 1Y
- 3.94%
- 3Y*
- 4.63%
- 5Y*
- 3.45%
- 10Y*
- —
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IRVH vs. PBTP - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is higher than PBTP's 0.07% expense ratio.
Return for Risk
IRVH vs. PBTP — Risk / Return Rank
IRVH
PBTP
IRVH vs. PBTP - 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 Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP). 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.
| IRVH | PBTP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.13 | 2.01 | -1.88 |
Sortino ratioReturn per unit of downside risk | 0.22 | 3.02 | -2.79 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.43 | -0.41 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 3.91 | -3.65 |
Martin ratioReturn relative to average drawdown | 0.60 | 12.96 | -12.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IRVH | PBTP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 2.01 | -1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 1.27 | -1.46 |
Correlation
The correlation between IRVH and PBTP is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IRVH vs. PBTP - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.20%, more than PBTP's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.20% | 4.89% | 3.34% | 3.69% | 2.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 3.14% | 3.82% | 2.59% | 2.36% | 5.33% | 3.12% | 1.25% | 2.12% | 2.33% | 0.73% |
Drawdowns
IRVH vs. PBTP - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, which is greater than PBTP's maximum drawdown of -5.44%. Use the drawdown chart below to compare losses from any high point for IRVH and PBTP.
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Drawdown Indicators
| IRVH | PBTP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -5.44% | -9.54% |
Max Drawdown (1Y)Largest decline over 1 year | -4.59% | -1.03% | -3.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.44% | — |
Current DrawdownCurrent decline from peak | -9.06% | -0.24% | -8.82% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -0.77% | -8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 0.31% | +1.66% |
Volatility
IRVH vs. PBTP - Volatility Comparison
Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) has a higher volatility of 2.12% compared to Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) at 0.56%. This indicates that IRVH's price experiences larger fluctuations and is considered to be riskier than PBTP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRVH | PBTP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 0.56% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 1.05% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.29% | 1.97% | +4.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.02% | 2.86% | +6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.02% | 2.66% | +6.36% |