IRVH vs. XYLD
Compare and contrast key facts about Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) and Global X S&P 500 Covered Call ETF (XYLD).
IRVH and XYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IRVH is an actively managed fund by Global X. It was launched on Jul 5, 2022. XYLD is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 BuyWrite Index. It was launched on Jun 24, 2013.
Performance
IRVH vs. XYLD - Performance Comparison
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IRVH vs. XYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -1.97% | 7.71% | -5.49% | 0.83% | -6.69% |
XYLD Global X S&P 500 Covered Call ETF | -1.04% | 8.02% | 19.49% | 11.10% | -2.67% |
Returns By Period
In the year-to-date period, IRVH achieves a -1.97% return, which is significantly lower than XYLD's -1.04% return.
IRVH
- 1D
- 0.04%
- 1M
- -2.07%
- YTD
- -1.97%
- 6M
- -1.43%
- 1Y
- 0.81%
- 3Y*
- -0.66%
- 5Y*
- —
- 10Y*
- —
XYLD
- 1D
- 2.01%
- 1M
- -2.96%
- YTD
- -1.04%
- 6M
- 5.33%
- 1Y
- 10.53%
- 3Y*
- 10.21%
- 5Y*
- 6.95%
- 10Y*
- 7.87%
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IRVH vs. XYLD - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is lower than XYLD's 0.60% expense ratio.
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 | 0.13 | 0.76 | -0.63 |
Sortino ratioReturn per unit of downside risk | 0.22 | 1.22 | -1.00 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.25 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 1.10 | -0.84 |
Martin ratioReturn relative to average drawdown | 0.60 | 6.46 | -5.86 |
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 | XYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.76 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.57 | -0.76 |
Correlation
The correlation between IRVH and XYLD is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IRVH vs. XYLD - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.20%, less than XYLD's 10.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.20% | 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 | 10.98% | 10.51% | 11.54% | 10.51% | 13.43% | 9.07% | 7.93% | 5.76% | 7.12% | 5.18% | 3.23% | 4.65% |
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.
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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 | -4.59% | -10.14% | +5.55% |
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 | -9.06% | -3.39% | -5.67% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -3.76% | -5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.72% | +0.25% |
Volatility
IRVH vs. XYLD - Volatility Comparison
The current volatility for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) is 2.12%, while Global X S&P 500 Covered Call ETF (XYLD) has a volatility of 4.01%. 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.
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Volatility by Period
| IRVH | XYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 4.01% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 5.82% | -2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.29% | 13.99% | -7.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.02% | 11.31% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.02% | 14.23% | -5.21% |