Correlation
The correlation between IRVH and SPY is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
IRVH vs. SPY
Compare and contrast key facts about Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) and SPDR S&P 500 ETF (SPY).
IRVH and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IRVH or SPY.
Performance
IRVH vs. SPY - Performance Comparison
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Key characteristics
IRVH:
0.99
SPY:
0.70
IRVH:
1.15
SPY:
1.02
IRVH:
1.14
SPY:
1.15
IRVH:
0.37
SPY:
0.68
IRVH:
1.41
SPY:
2.57
IRVH:
3.97%
SPY:
4.93%
IRVH:
7.03%
SPY:
20.42%
IRVH:
-14.98%
SPY:
-55.19%
IRVH:
-8.61%
SPY:
-3.55%
Returns By Period
In the year-to-date period, IRVH achieves a 6.11% return, which is significantly higher than SPY's 0.87% return.
IRVH
6.11%
-1.95%
4.84%
6.76%
N/A
N/A
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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IRVH vs. SPY - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IRVH vs. SPY — Risk-Adjusted Performance Rank
IRVH
SPY
IRVH vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
IRVH vs. SPY - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 3.07%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 3.07% | 3.34% | 3.70% | 2.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IRVH vs. SPY - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IRVH and SPY.
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Volatility
IRVH vs. SPY - Volatility Comparison
The current volatility for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) is 2.52%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that IRVH experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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