IRVH vs. TIPZ
IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and TIPZ (PIMCO Broad US TIPS Index ETF) are both Inflation-Protected Bonds funds. IRVH is actively managed, while TIPZ is passively managed. Over the past 3 years, IRVH returned -0.70%/yr vs 3.79%/yr for TIPZ. A 0.67 correlation means they provide meaningful diversification when combined. IRVH charges 0.50%/yr vs 0.20%/yr for TIPZ.
Performance
IRVH vs. TIPZ - Performance Comparison
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Returns By Period
In the year-to-date period, IRVH achieves a -3.32% return, which is significantly lower than TIPZ's 2.57% return.
IRVH
- 1D
- -0.18%
- 1M
- -1.24%
- YTD
- -3.32%
- 6M
- -3.31%
- 1Y
- -1.82%
- 3Y*
- -0.70%
- 5Y*
- —
- 10Y*
- —
TIPZ
- 1D
- -0.01%
- 1M
- 0.04%
- YTD
- 2.57%
- 6M
- 1.15%
- 1Y
- 4.62%
- 3Y*
- 3.79%
- 5Y*
- 0.76%
- 10Y*
- 2.49%
IRVH vs. TIPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -3.32% | 7.71% | -5.49% | 0.83% | -6.69% |
TIPZ PIMCO Broad US TIPS Index ETF | 2.57% | 5.87% | 1.52% | 3.37% | -3.38% |
Correlation
The correlation between IRVH and TIPZ is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2022 | 0.67 |
The correlation between IRVH and TIPZ has been stable across timeframes, ranging from 0.57 to 0.67 - a consistent structural relationship.
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Return for Risk
IRVH vs. TIPZ — Risk / Return Rank
IRVH
TIPZ
IRVH vs. TIPZ - 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 Broad US TIPS Index ETF (TIPZ). 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 | TIPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.22 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.13 | -2.50 |
| Martin ratioReturn relative to average drawdown | -0.77 | 6.69 | -7.47 |
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 | TIPZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | 1.19 | -1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | 0.53 | -0.75 |
Drawdowns
IRVH vs. TIPZ - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, smaller than the maximum TIPZ drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for IRVH and TIPZ.
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Drawdown Indicators
| IRVH | TIPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -15.77% | +0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -4.94% | -2.18% | -2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -4.74% | -3.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.77% | — |
Current DrawdownCurrent decline from peak | -10.32% | -1.45% | -8.87% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -4.33% | -5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 0.70% | +1.65% |
Volatility
IRVH vs. TIPZ - Volatility Comparison
The current volatility for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) is 0.71%, while PIMCO Broad US TIPS Index ETF (TIPZ) has a volatility of 0.96%. This indicates that IRVH experiences smaller price fluctuations and is considered to be less risky than TIPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRVH | TIPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.96% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 2.88% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.96% | 3.92% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.84% | 6.36% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.84% | 5.84% | +3.00% |
IRVH vs. TIPZ - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is higher than TIPZ's 0.20% expense ratio.
Dividends
IRVH vs. TIPZ - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.56%, more than TIPZ's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.56% | 4.89% | 3.34% | 3.69% | 2.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIPZ PIMCO Broad US TIPS Index ETF | 5.11% | 4.74% | 4.44% | 4.69% | 7.14% | 4.41% | 1.47% | 1.65% | 2.23% | 1.70% | 1.06% | 0.56% |
Frequently Asked Questions
IRVH and TIPZ have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIPZ has higher volatility (0.96%) compared to IRVH (0.71%). In terms of maximum drawdown, IRVH dropped -14.98% vs TIPZ's -15.77%.
On 3-year performance, TIPZ leads with 3.79% vs -0.70% for IRVH. On fees, TIPZ is cheaper at 0.20% per year. On volatility, IRVH has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TIPZ has performed better with a 3.79% return vs -0.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIPZ is cheaper with a 0.20% expense ratio, compared with 0.50% for IRVH.
IRVH has the higher dividend yield at 5.56%, compared with 5.11% for TIPZ.
They also come from different issuers: Global X and PIMCO. Their fees differ too: 0.50% for IRVH and 0.20% for TIPZ.
TIPZ currently has the higher Sharpe Ratio (1.19 vs -0.37), 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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