IRVH vs. RBIL

Last updated Jul 17, 2026

IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both Inflation-Protected Bonds funds. IRVH is actively managed, while RBIL is passively managed. Over the past year, IRVH returned -3.05% vs 4.04% for RBIL. At a 0.12 correlation, their price movements are largely independent. IRVH charges 0.50%/yr vs 0.17%/yr for RBIL.

Performance

IRVH vs. RBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IRVH achieves a -4.34% return, which is significantly lower than RBIL's 2.59% return.

IRVH

• 1D: 0.00%
• 1M: -0.86%
• 6M: -3.96%
• YTD: -4.34%
• 1Y: -3.05%
• 3Y*: -0.10%
• 5Y*: —
• 10Y*: —

RBIL

• 1D: 0.05%
• 1M: 0.14%
• 6M: 2.44%
• YTD: 2.59%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IRVH vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF	-4.34%	6.45%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.59%	2.85%

Correlation

The correlation between IRVH and RBIL is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025	0.12

Return for Risk

IRVH vs. RBIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IRVH

IRVH Risk / Return Rank: 4
IRVH Sharpe Ratio Rank: 4
IRVH Sortino Ratio Rank: 4
IRVH Omega Ratio Rank: 4
IRVH Calmar Ratio Rank: 5
IRVH Martin Ratio Rank: 4

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 98
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 96
RBIL Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IRVH vs. RBIL - 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 F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	4.27	-4.91
Sortino ratio: Return per unit of downside risk	-0.87	6.56	-7.43
Omega ratio: Gain probability vs. loss probability	0.90	2.10	-1.20
Calmar ratio: Return relative to maximum drawdown	-0.49	7.22	-7.70
Martin ratio: Return relative to average drawdown	-1.02	30.11	-31.13

IRVH vs. RBIL - Sharpe Ratio Comparison

The current IRVH Sharpe Ratio is -0.64, which is lower than the RBIL Sharpe Ratio of 4.27. The chart below compares the historical Sharpe Ratios of IRVH and RBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IRVH vs. RBIL - Drawdown Comparison

The maximum IRVH drawdown since its inception was -14.98%, which is greater than RBIL's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for IRVH and RBIL.

Drawdown Indicators

	IRVH	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-14.98%	-0.56%	-14.42%
Max Drawdown (1Y) Largest decline over 1 year	-6.28%	-0.56%	-5.72%
Max Drawdown (3Y) Largest decline over 3 years	-8.03%	—	—
Current Drawdown Current decline from peak	-11.26%	-0.24%	-11.02%
Average Drawdown Average peak-to-trough decline	-9.74%	-0.08%	-9.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	0.13%	+2.87%

Volatility

IRVH vs. RBIL - Volatility Comparison

Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) has a higher volatility of 1.28% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.31%. This indicates that IRVH's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IRVH	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	0.31%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	3.36%	0.88%	+2.48%
Volatility (1Y) Calculated over the trailing 1-year period	4.79%	0.95%	+3.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.74%	1.06%	+7.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.74%	1.06%	+7.68%

IRVH vs. RBIL - Expense Ratio Comparison

IRVH has a 0.50% expense ratio, which is higher than RBIL's 0.17% expense ratio.

Dividends

IRVH vs. RBIL - Dividend Comparison

IRVH's dividend yield for the trailing twelve months is around 5.66%, more than RBIL's 4.58% yield.

Position	TTM	2025	2024	2023	2022
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF	5.66%	4.89%	3.34%	3.69%	2.73%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.58%	3.65%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IRVH and RBIL in my portfolio?

IRVH and RBIL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IRVH or RBIL?

IRVH has higher volatility (1.28%) compared to RBIL (0.31%). In terms of maximum drawdown, IRVH dropped -14.98% vs RBIL's -0.56%.

Which ETF is better, IRVH or RBIL?

On 1-year performance, RBIL leads with 4.04% vs -3.05% for IRVH. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IRVH or RBIL?

Over the 1-year period, RBIL has performed better with a 4.04% return vs -3.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IRVH or RBIL?

RBIL is cheaper with a 0.17% expense ratio, compared with 0.50% for IRVH.

Which ETF pays a higher dividend yield, IRVH or RBIL?

IRVH has the higher dividend yield at 5.66%, compared with 4.58% for RBIL.

What is the main difference between IRVH and RBIL?

They also come from different issuers: Global X and F/m. Their fees differ too: 0.50% for IRVH and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.27 vs -0.64), 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.