IRVH vs. XLE
IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - IRVH is a Inflation-Protected Bonds fund actively managed by Global X, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. IRVH is actively managed, while XLE is passively managed. Over the past 3 years, IRVH returned 0.11%/yr vs 14.62%/yr for XLE. Their -0.02 correlation means they have often moved in opposite directions in the past. IRVH charges 0.50%/yr vs 0.08%/yr for XLE.
Performance
IRVH vs. XLE - 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 XLE's 35.03% 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%
XLE
- 1D
- 1.00%
- 1M
- 11.89%
- 6M
- 18.26%
- YTD
- 35.03%
- 1Y
- 43.49%
- 3Y*
- 14.62%
- 5Y*
- 23.67%
- 10Y*
- 10.52%
- ALL TIME*
- 8.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $471.52 | $4.02K | $5.19K | |
| $1.70B | $1.73B | $1.97B |
IRVH vs. XLE - 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% |
XLE State Street Energy Select Sector SPDR ETF | 35.03% | 7.88% | 5.56% | -0.63% | 28.17% |
Correlation
The correlation between IRVH and XLE is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2022 | -0.02 |
The correlation between IRVH and XLE shifts across timeframes, from -0.13 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IRVH vs. XLE — Risk / Return Rank
IRVH
XLE
IRVH vs. XLE - 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 State Street Energy Select Sector SPDR ETF (XLE). 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 | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -3.45 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.32 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.74 | -3.23 |
| Martin ratioReturn relative to average drawdown | -0.97 | 7.32 | -8.29 |
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Drawdowns
IRVH vs. XLE - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for IRVH and XLE.
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Drawdown Indicators
| IRVH | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -71.26% | +56.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.48% | -14.98% | +8.50% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -20.14% | +12.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.81% | — |
Current DrawdownCurrent decline from peak | -11.49% | -4.13% | -7.36% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -17.93% | +8.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 5.62% | -2.36% |
Volatility
IRVH vs. XLE - Volatility Comparison
The current volatility for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) is 0.88%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 5.85%. This indicates that IRVH experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRVH | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 5.85% | -4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 16.71% | -13.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.66% | 21.05% | -16.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 25.77% | -17.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.70% | 29.57% | -20.87% |
IRVH vs. XLE - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is higher than XLE's 0.08% expense ratio.
Dividends
IRVH vs. XLE - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.68%, more than XLE's 2.55% 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% |
XLE State Street Energy Select Sector SPDR ETF | 2.55% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
IRVH and XLE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLE has higher volatility (5.85%) compared to IRVH (0.88%). In terms of maximum drawdown, IRVH dropped -14.98% vs XLE's -71.26%.
On 3-year performance, XLE leads with 14.62% vs 0.11% for IRVH. On fees, XLE is cheaper at 0.08% 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, XLE has performed better with a 14.62% return vs 0.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLE is cheaper with a 0.08% expense ratio, compared with 0.50% for IRVH.
IRVH has the higher dividend yield at 5.31%, compared with 2.55% for XLE.
IRVH is categorized as Inflation-Protected Bonds, while XLE is Energy Equities. They also come from different issuers: Global X and State Street. Their fees differ too: 0.50% for IRVH and 0.08% for XLE.
XLE currently has the higher Sharpe Ratio (1.95 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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