IRVH vs. SCHP
IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and SCHP (Schwab U.S. TIPS ETF) are both Inflation-Protected Bonds funds. IRVH is actively managed, while SCHP is passively managed. Over the past 3 years, IRVH returned 0.11%/yr vs 3.86%/yr for SCHP. Their 0.68 correlation means they have sometimes moved together and sometimes differently. IRVH charges 0.50%/yr vs 0.03%/yr for SCHP.
Performance
IRVH vs. SCHP - Performance Comparison
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Returns By Period
In the year-to-date period, IRVH achieves a -4.59% return, which is significantly lower than SCHP's 0.54% 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%
SCHP
- 1D
- -0.11%
- 1M
- -0.76%
- 6M
- -0.03%
- YTD
- 0.54%
- 1Y
- 1.89%
- 3Y*
- 3.86%
- 5Y*
- 0.30%
- 10Y*
- 2.44%
- ALL TIME*
- 2.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $471.52 | $4.02K | $5.19K | |
| $93.70M | $94.28M | $106.00M |
IRVH vs. SCHP - 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% |
SCHP Schwab U.S. TIPS ETF | 0.54% | 6.76% | 1.95% | 3.91% | -4.59% |
Correlation
The correlation between IRVH and SCHP is 0.62, 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. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2022 | 0.68 |
The correlation between IRVH and SCHP has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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Return for Risk
IRVH vs. SCHP — Risk / Return Rank
IRVH
SCHP
IRVH vs. SCHP - 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 Schwab U.S. TIPS ETF (SCHP). 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 | SCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.13 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 1.30 | -1.79 |
| Martin ratioReturn relative to average drawdown | -0.97 | 3.52 | -4.50 |
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Drawdowns
IRVH vs. SCHP - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for IRVH and SCHP.
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Drawdown Indicators
| IRVH | SCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -14.26% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.48% | -1.93% | -4.55% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -3.70% | -4.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.26% | — |
Current DrawdownCurrent decline from peak | -11.49% | -1.30% | -10.19% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -3.90% | -5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 0.71% | +2.55% |
Volatility
IRVH vs. SCHP - Volatility Comparison
Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) has a higher volatility of 0.88% compared to Schwab U.S. TIPS ETF (SCHP) at 0.70%. This indicates that IRVH's price experiences larger fluctuations and is considered to be riskier than SCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRVH | SCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.70% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 2.45% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.66% | 3.26% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 6.11% | +2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.70% | 5.58% | +3.12% |
IRVH vs. SCHP - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is higher than SCHP's 0.03% expense ratio.
Dividends
IRVH vs. SCHP - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.68%, more than SCHP's 4.51% 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% |
SCHP Schwab U.S. TIPS ETF | 4.17% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
Frequently Asked Questions
IRVH and SCHP have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRVH has higher volatility (0.88%) compared to SCHP (0.70%). In terms of maximum drawdown, IRVH dropped -14.98% vs SCHP's -14.26%.
On 3-year performance, SCHP leads with 3.86% vs 0.11% for IRVH. On fees, SCHP is cheaper at 0.03% per year. On volatility, SCHP has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SCHP has performed better with a 3.86% return vs 0.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHP is cheaper with a 0.03% expense ratio, compared with 0.50% for IRVH.
IRVH has the higher dividend yield at 5.31%, compared with 4.17% for SCHP.
They also come from different issuers: Global X and Charles Schwab. Their fees differ too: 0.50% for IRVH and 0.03% for SCHP.
SCHP currently has the higher Sharpe Ratio (0.77 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.
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