IRVH vs. XYLD
IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and XYLD (Global X S&P 500 Covered Call ETF) are both exchange-traded funds - IRVH is a Inflation-Protected Bonds fund actively managed by Global X, while XYLD is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index. IRVH is actively managed, while XYLD is passively managed. Over the past 3 years, IRVH returned -0.70%/yr vs 11.29%/yr for XYLD. At a 0.06 correlation, their price movements are largely independent. IRVH charges 0.50%/yr vs 0.60%/yr for XYLD.
Performance
IRVH vs. XYLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IRVH achieves a -3.32% return, which is significantly lower than XYLD's 5.14% return.
IRVH
- 1D
- -0.18%
- 1M
- -1.24%
- YTD
- -3.32%
- 6M
- -3.31%
- 1Y
- -1.82%
- 3Y*
- -0.70%
- 5Y*
- —
- 10Y*
- —
XYLD
- 1D
- 0.17%
- 1M
- 1.87%
- YTD
- 5.14%
- 6M
- 6.53%
- 1Y
- 17.83%
- 3Y*
- 11.29%
- 5Y*
- 7.76%
- 10Y*
- 8.23%
IRVH vs. XYLD - 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% |
XYLD Global X S&P 500 Covered Call ETF | 5.14% | 8.02% | 19.49% | 11.10% | -2.67% |
Correlation
The correlation between IRVH and XYLD is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2022 | 0.06 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IRVH vs. XYLD — Risk / Return Rank
IRVH
XYLD
IRVH vs. XYLD - 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 S&P 500 Covered Call ETF (XYLD). 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 | XYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.11 | ||
| Sortino ratioReturn per unit of downside risk | -4.39 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.65 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 3.39 | -3.76 |
| Martin ratioReturn relative to average drawdown | -0.77 | 18.02 | -18.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IRVH | XYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | 2.74 | -3.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | 0.60 | -0.83 |
Drawdowns
IRVH vs. XYLD - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for IRVH and XYLD.
Loading charts...
Drawdown Indicators
| IRVH | XYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -33.46% | +18.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.94% | -5.29% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -15.53% | +7.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.46% | — |
Current DrawdownCurrent decline from peak | -10.32% | 0.00% | -10.32% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -3.72% | -6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 0.99% | +1.36% |
Volatility
IRVH vs. XYLD - Volatility Comparison
The current volatility for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) is 0.71%, while Global X S&P 500 Covered Call ETF (XYLD) has a volatility of 0.85%. This indicates that IRVH experiences smaller price fluctuations and is considered to be less risky than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IRVH | XYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.85% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 5.37% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.96% | 6.54% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.84% | 11.22% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.84% | 14.21% | -5.37% |
IRVH vs. XYLD - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is lower than XYLD's 0.60% expense ratio.
Dividends
IRVH vs. XYLD - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.56%, less than XYLD's 10.50% 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% |
XYLD Global X S&P 500 Covered Call ETF | 10.50% | 10.51% | 11.54% | 10.51% | 13.43% | 9.07% | 7.93% | 5.76% | 7.12% | 5.18% | 3.23% | 4.65% |
Frequently Asked Questions
IRVH and XYLD have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XYLD has higher volatility (0.85%) compared to IRVH (0.71%). In terms of maximum drawdown, IRVH dropped -14.98% vs XYLD's -33.46%.
On 3-year performance, XYLD leads with 11.29% 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, XYLD has performed better with a 11.29% 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 0.60% for XYLD.
XYLD has the higher dividend yield at 10.50%, compared with 5.56% for IRVH.
IRVH is categorized as Inflation-Protected Bonds, while XYLD is Derivative Income. Their fees differ too: 0.50% for IRVH and 0.60% for XYLD.
XYLD currently has the higher Sharpe Ratio (2.74 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.
Find the right allocation for IRVH and XYLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer