IRVH vs. VTIP
IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds. IRVH is actively managed, while VTIP is passively managed. Over the past 3 years, IRVH returned 0.01%/yr vs 5.00%/yr for VTIP. A 0.63 correlation means they provide meaningful diversification when combined. IRVH charges 0.50%/yr vs 0.03%/yr for VTIP.
Performance
IRVH vs. VTIP - Performance Comparison
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Returns By Period
In the year-to-date period, IRVH achieves a -4.36% return, which is significantly lower than VTIP's 1.34% return.
IRVH
- 1D
- -0.36%
- 1M
- -1.18%
- YTD
- -4.36%
- 6M
- -4.00%
- 1Y
- -2.13%
- 3Y*
- 0.01%
- 5Y*
- —
- 10Y*
- —
VTIP
- 1D
- -0.18%
- 1M
- -0.24%
- YTD
- 1.34%
- 6M
- 1.46%
- 1Y
- 3.64%
- 3Y*
- 5.00%
- 5Y*
- 3.26%
- 10Y*
- 3.03%
IRVH vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -4.36% | 7.71% | -5.49% | 0.83% | -6.69% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.34% | 6.07% | 4.74% | 4.62% | -1.81% |
Correlation
The correlation between IRVH and VTIP is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2022 | 0.63 |
The correlation between IRVH and VTIP shifts across timeframes, from 0.46 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IRVH vs. VTIP — Risk / Return Rank
IRVH
VTIP
IRVH vs. VTIP - 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 Short-Term Inflation-Protected Securities ETF (VTIP). 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 | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.76 | ||
| Sortino ratioReturn per unit of downside risk | -4.23 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.47 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 5.12 | -5.48 |
| Martin ratioReturn relative to average drawdown | -0.82 | 18.66 | -19.48 |
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Drawdowns
IRVH vs. VTIP - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for IRVH and VTIP.
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Drawdown Indicators
| IRVH | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -6.27% | -8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -5.96% | -0.71% | -5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -0.98% | -7.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.27% | — |
Current DrawdownCurrent decline from peak | -11.28% | -0.71% | -10.57% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -1.04% | -8.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 0.20% | +2.40% |
Volatility
IRVH vs. VTIP - Volatility Comparison
Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) has a higher volatility of 1.09% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.65%. This indicates that IRVH's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRVH | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.65% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 1.17% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.85% | 1.58% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 2.77% | +6.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.80% | 2.74% | +6.06% |
IRVH vs. VTIP - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is higher than VTIP's 0.03% expense ratio.
Dividends
IRVH vs. VTIP - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.62%, more than VTIP's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.62% | 4.89% | 3.34% | 3.69% | 2.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.61% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
IRVH and VTIP have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRVH has higher volatility (1.09%) compared to VTIP (0.65%). In terms of maximum drawdown, IRVH dropped -14.98% vs VTIP's -6.27%.
On 3-year performance, VTIP leads with 5.00% vs 0.01% for IRVH. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VTIP has performed better with a 5.00% return vs 0.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.50% for IRVH.
IRVH has the higher dividend yield at 5.62%, compared with 3.61% for VTIP.
They also come from different issuers: Global X and Vanguard. Their fees differ too: 0.50% for IRVH and 0.03% for VTIP.
VTIP currently has the higher Sharpe Ratio (2.32 vs -0.44), 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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