IVOL vs. EICA
IVOL (Quadratic Interest Rate Volatility & Inflation Hedge ETF) is Inflation-Protected Bonds fund actively managed by CICC, while EICA (Eagle Point Income Company Inc.) is a stock. Over the past 3 years, IVOL returned -1.90%/yr vs 7.71%/yr for EICA. Their 0.04 correlation means their historical movements had little consistent relationship.
Performance
IVOL vs. EICA - Performance Comparison
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Returns By Period
In the year-to-date period, IVOL achieves a -7.33% return, which is significantly lower than EICA's 4.48% return.
IVOL
- 1D
- 0.17%
- 1M
- 0.36%
- 6M
- -6.64%
- YTD
- -7.33%
- 1Y
- -7.62%
- 3Y*
- -1.90%
- 5Y*
- -5.87%
- 10Y*
- —
- ALL TIME*
- -1.42%
EICA
- 1D
- -0.05%
- 1M
- 0.58%
- 6M
- 2.91%
- YTD
- 4.48%
- 1Y
- 6.81%
- 3Y*
- 7.71%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $55.95K | $73.13K | $69.53K | |
| $1.46M | $1.22M | $2.07M |
IVOL vs. EICA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | -7.33% | 11.97% | -11.07% | -5.18% | -12.69% | -1.67% |
EICA Eagle Point Income Company Inc. | 4.48% | 9.12% | 8.10% | 2.75% | -2.04% | 2.99% |
Correlation
The correlation between IVOL and EICA is 0.04, 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. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021 | 0.04 |
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Return for Risk
IVOL vs. EICA — Risk / Return Rank
IVOL
EICA
IVOL vs. EICA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) and Eagle Point Income Company Inc. (EICA). 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.
| IVOL | EICA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.39 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 1.97 | -2.48 |
| Martin ratioReturn relative to average drawdown | -0.99 | 4.43 | -5.42 |
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Drawdowns
IVOL vs. EICA - Drawdown Comparison
The maximum IVOL drawdown since its inception was -31.16%, which is greater than EICA's maximum drawdown of -13.45%. Use the drawdown chart below to compare losses from any high point for IVOL and EICA.
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Drawdown Indicators
| IVOL | EICA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.16% | -13.45% | -17.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -3.63% | -8.54% |
Max Drawdown (3Y)Largest decline over 3 years | -14.48% | -3.63% | -10.85% |
Max Drawdown (5Y)Largest decline over 5 years | -30.07% | — | — |
Current DrawdownCurrent decline from peak | -27.12% | -2.04% | -25.08% |
Average DrawdownAverage peak-to-trough decline | -13.60% | -2.06% | -11.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 1.61% | +4.61% |
Volatility
IVOL vs. EICA - Volatility Comparison
Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) has a higher volatility of 1.74% compared to Eagle Point Income Company Inc. (EICA) at 0.59%. This indicates that IVOL's price experiences larger fluctuations and is considered to be riskier than EICA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVOL | EICA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 0.59% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 5.99% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.74% | 6.39% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 9.15% | +3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.91% | 9.15% | +2.76% |
Dividends
IVOL vs. EICA - Dividend Comparison
IVOL's dividend yield for the trailing twelve months is around 3.88%, less than EICA's 5.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EICA Eagle Point Income Company Inc. | 5.01% | 5.08% | 5.27% | 5.40% | 5.26% | 0.41% | 0.00% | 0.00% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.88% | 3.61% | 3.83% | 3.73% | 3.92% | 3.93% | 3.44% | 2.02% |
Frequently Asked Questions
IVOL and EICA have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVOL has higher volatility (1.74%) compared to EICA (0.59%). In terms of maximum drawdown, IVOL dropped -31.16% vs EICA's -13.45%.
EICA currently has the higher Sharpe Ratio (1.12 vs -0.92), 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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