IRVH vs. URA
IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and URA (Global X Uranium ETF) are both exchange-traded funds - IRVH is a Inflation-Protected Bonds fund actively managed by Global X, while URA is a Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components Total Return Index. IRVH is actively managed, while URA is passively managed. Over the past 3 years, IRVH returned -0.70%/yr vs 38.50%/yr for URA. At a 0.02 correlation, their price movements are largely independent. IRVH charges 0.50%/yr vs 0.69%/yr for URA.
Performance
IRVH vs. URA - 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 URA's 17.67% return.
IRVH
- 1D
- -0.18%
- 1M
- -1.24%
- YTD
- -3.32%
- 6M
- -3.31%
- 1Y
- -1.82%
- 3Y*
- -0.70%
- 5Y*
- —
- 10Y*
- —
URA
- 1D
- -0.22%
- 1M
- -7.23%
- YTD
- 17.67%
- 6M
- 7.07%
- 1Y
- 59.25%
- 3Y*
- 38.50%
- 5Y*
- 21.33%
- 10Y*
- 16.66%
IRVH vs. URA - 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% |
URA Global X Uranium ETF | 17.67% | 67.18% | -0.58% | 46.25% | 11.59% |
Correlation
The correlation between IRVH and URA is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2022 | 0.02 |
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Return for Risk
IRVH vs. URA — Risk / Return Rank
IRVH
URA
IRVH vs. URA - 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 Global X Uranium ETF (URA). 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 | URA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.21 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.09 | -2.46 |
| Martin ratioReturn relative to average drawdown | -0.77 | 4.42 | -5.19 |
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 | URA | 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 | — | 0.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | -0.05 | -0.17 |
Drawdowns
IRVH vs. URA - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, smaller than the maximum URA drawdown of -93.54%. Use the drawdown chart below to compare losses from any high point for IRVH and URA.
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Drawdown Indicators
| IRVH | URA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -93.54% | +78.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.94% | -28.43% | +23.49% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -37.81% | +29.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.45% | — |
Current DrawdownCurrent decline from peak | -10.32% | -42.94% | +32.62% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -75.00% | +65.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 13.46% | -11.11% |
Volatility
IRVH vs. URA - Volatility Comparison
The current volatility for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) is 0.71%, while Global X Uranium ETF (URA) has a volatility of 15.92%. This indicates that IRVH experiences smaller price fluctuations and is considered to be less risky than URA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRVH | URA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 15.92% | -15.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 38.23% | -34.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.96% | 50.13% | -45.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.84% | 43.60% | -34.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.84% | 37.72% | -28.88% |
IRVH vs. URA - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is lower than URA's 0.69% expense ratio.
Dividends
IRVH vs. URA - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.56%, more than URA's 4.15% 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% |
URA Global X Uranium ETF | 4.15% | 4.88% | 2.86% | 6.07% | 0.76% | 5.84% | 1.69% | 1.66% | 0.44% | 2.03% | 7.28% | 1.96% |
Frequently Asked Questions
IRVH and URA have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URA has higher volatility (15.92%) compared to IRVH (0.71%). In terms of maximum drawdown, IRVH dropped -14.98% vs URA's -93.54%.
On 3-year performance, URA leads with 38.50% vs -0.70% for IRVH. On fees, IRVH is cheaper at 0.50% 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, URA has performed better with a 38.50% return vs -0.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IRVH is cheaper with a 0.50% expense ratio, compared with 0.69% for URA.
IRVH has the higher dividend yield at 5.56%, compared with 4.15% for URA.
IRVH is categorized as Inflation-Protected Bonds, while URA is Commodity Producers Equities. Their fees differ too: 0.50% for IRVH and 0.69% for URA.
URA 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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