IRVH vs. VOO
IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - IRVH is a Inflation-Protected Bonds fund actively managed by Global X, while VOO is a S&P 500 fund tracking the S&P 500 Index. IRVH is actively managed, while VOO is passively managed. Over the past 3 years, IRVH returned 0.11%/yr vs 19.42%/yr for VOO. Their 0.09 correlation means their historical movements had little consistent relationship. IRVH charges 0.50%/yr vs 0.03%/yr for VOO.
Performance
IRVH vs. VOO - 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 VOO's 10.16% 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%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $471.52 | $4.02K | $5.19K | |
| $3.82B | $3.78B | $5.44B |
IRVH vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 24.98% | 26.32% | 1.00% |
Correlation
The correlation between IRVH and VOO is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2022 | 0.09 |
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Return for Risk
IRVH vs. VOO — Risk / Return Rank
IRVH
VOO
IRVH vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.28 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.21 | -2.70 |
| Martin ratioReturn relative to average drawdown | -0.97 | 9.44 | -10.41 |
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Drawdowns
IRVH vs. VOO - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for IRVH and VOO.
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Drawdown Indicators
| IRVH | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -33.99% | +19.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.48% | -8.90% | +2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -18.69% | +10.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -11.49% | -1.38% | -10.11% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -3.67% | -6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.08% | +1.18% |
Volatility
IRVH vs. VOO - Volatility Comparison
The current volatility for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) is 0.88%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.54%. This indicates that IRVH experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRVH | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 3.54% | -2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 10.10% | -6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.66% | 12.82% | -8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 16.93% | -8.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.70% | 18.01% | -9.31% |
IRVH vs. VOO - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
IRVH vs. VOO - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.68%, more than VOO's 1.07% 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% |
VOO Vanguard S&P 500 ETF | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
IRVH and VOO 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.
VOO has higher volatility (3.54%) compared to IRVH (0.88%). In terms of maximum drawdown, IRVH dropped -14.98% vs VOO's -33.99%.
On 3-year performance, VOO leads with 19.42% vs 0.11% for IRVH. On fees, VOO is cheaper at 0.03% per year. On volatility, IRVH has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VOO has performed better with a 19.42% return vs 0.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO 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 1.07% for VOO.
IRVH is categorized as Inflation-Protected Bonds, while VOO is S&P 500. They also come from different issuers: Global X and Vanguard. Their fees differ too: 0.50% for IRVH and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.53 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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