IVOL vs. LDRI

Last updated Jul 17, 2026

IVOL (Quadratic Interest Rate Volatility & Inflation Hedge ETF) and LDRI (iShares iBonds 1-5 Year TIPS Ladder ETF) are both Inflation-Protected Bonds funds. IVOL is actively managed, while LDRI is passively managed. Over the past year, IVOL returned -7.79% vs 3.76% for LDRI. At a 0.44 correlation, their price movements are largely independent. IVOL charges 0.99%/yr vs 0.10%/yr for LDRI.

Performance

IVOL vs. LDRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) and iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVOL achieves a -7.64% return, which is significantly lower than LDRI's 1.69% return.

IVOL

• 1D: -0.09%
• 1M: -1.01%
• 6M: -6.37%
• YTD: -7.64%
• 1Y: -7.79%
• 3Y*: -2.49%
• 5Y*: -5.56%
• 10Y*: —

LDRI

• 1D: 0.04%
• 1M: -0.15%
• 6M: 1.85%
• YTD: 1.69%
• 1Y: 3.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IVOL vs. LDRI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF	-7.64%	11.97%	-2.10%
LDRI iShares iBonds 1-5 Year TIPS Ladder ETF	1.69%	5.94%	0.10%

Correlation

The correlation between IVOL and LDRI is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.44

Return for Risk

IVOL vs. LDRI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVOL

IVOL Risk / Return Rank: 2
IVOL Sharpe Ratio Rank: 1
IVOL Sortino Ratio Rank: 1
IVOL Omega Ratio Rank: 2
IVOL Calmar Ratio Rank: 4
IVOL Martin Ratio Rank: 2

LDRI

LDRI Risk / Return Rank: 87
LDRI Sharpe Ratio Rank: 79
LDRI Sortino Ratio Rank: 83
LDRI Omega Ratio Rank: 88
LDRI Calmar Ratio Rank: 95
LDRI Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVOL vs. LDRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) and iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI). 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	LDRI	Difference
Sharpe ratio: Return per unit of total volatility	-1.17	2.02	-3.18
Sortino ratio: Return per unit of downside risk	-1.59	3.00	-4.59
Omega ratio: Gain probability vs. loss probability	0.82	1.43	-0.61
Calmar ratio: Return relative to maximum drawdown	-0.65	6.30	-6.94
Martin ratio: Return relative to average drawdown	-1.36	15.92	-17.28

IVOL vs. LDRI - Sharpe Ratio Comparison

The current IVOL Sharpe Ratio is -1.17, which is lower than the LDRI Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of IVOL and LDRI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVOL vs. LDRI - Drawdown Comparison

The maximum IVOL drawdown since its inception was -31.16%, which is greater than LDRI's maximum drawdown of -0.85%. Use the drawdown chart below to compare losses from any high point for IVOL and LDRI.

Drawdown Indicators

	IVOL	LDRI	Difference
Max Drawdown Largest peak-to-trough decline	-31.16%	-0.85%	-30.31%
Max Drawdown (1Y) Largest decline over 1 year	-12.08%	-0.60%	-11.48%
Max Drawdown (3Y) Largest decline over 3 years	-14.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.28%	—	—
Current Drawdown Current decline from peak	-27.36%	-0.27%	-27.09%
Average Drawdown Average peak-to-trough decline	-13.52%	-0.20%	-13.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.73%	0.24%	+5.49%

Volatility

IVOL vs. LDRI - Volatility Comparison

Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) has a higher volatility of 2.66% compared to iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI) at 0.64%. This indicates that IVOL's price experiences larger fluctuations and is considered to be riskier than LDRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVOL	LDRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	0.64%	+2.02%
Volatility (6M) Calculated over the trailing 6-month period	5.00%	1.17%	+3.83%
Volatility (1Y) Calculated over the trailing 1-year period	6.74%	1.87%	+4.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.85%	2.27%	+10.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.94%	2.27%	+9.67%

IVOL vs. LDRI - Expense Ratio Comparison

IVOL has a 0.99% expense ratio, which is higher than LDRI's 0.10% expense ratio.

Dividends

IVOL vs. LDRI - Dividend Comparison

IVOL's dividend yield for the trailing twelve months is around 3.92%, less than LDRI's 5.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF	3.92%	3.61%	3.83%	3.73%	3.92%	3.93%	3.44%	2.02%
LDRI iShares iBonds 1-5 Year TIPS Ladder ETF	5.02%	4.23%	0.83%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVOL and LDRI in my portfolio?

IVOL and LDRI have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVOL or LDRI?

IVOL has higher volatility (2.66%) compared to LDRI (0.64%). In terms of maximum drawdown, IVOL dropped -31.16% vs LDRI's -0.85%.

Which ETF is better, IVOL or LDRI?

On 1-year performance, LDRI leads with 3.76% vs -7.79% for IVOL. On fees, LDRI is cheaper at 0.10% per year. On volatility, LDRI has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVOL or LDRI?

Over the 1-year period, LDRI has performed better with a 3.76% return vs -7.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVOL or LDRI?

LDRI is cheaper with a 0.10% expense ratio, compared with 0.99% for IVOL.

Which ETF pays a higher dividend yield, IVOL or LDRI?

LDRI has the higher dividend yield at 5.02%, compared with 3.92% for IVOL.

What is the main difference between IVOL and LDRI?

They also come from different issuers: CICC and iShares. Their fees differ too: 0.99% for IVOL and 0.10% for LDRI.

Which has better risk-adjusted returns?

LDRI currently has the higher Sharpe Ratio (2.02 vs -1.17), 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.