IVOL vs. VTP
IVOL (Quadratic Interest Rate Volatility & Inflation Hedge ETF) and VTP (Vanguard Total Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds. IVOL is actively managed, while VTP is passively managed. At a 0.47 correlation, their price movements are largely independent. IVOL charges 0.99%/yr vs 0.05%/yr for VTP.
Performance
IVOL vs. VTP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IVOL achieves a -8.37% return, which is significantly lower than VTP's 0.75% return.
IVOL
- 1D
- 0.35%
- 1M
- -3.04%
- YTD
- -8.37%
- 6M
- -7.51%
- 1Y
- -7.39%
- 3Y*
- -2.64%
- 5Y*
- -5.63%
- 10Y*
- —
VTP
- 1D
- -0.02%
- 1M
- -0.12%
- YTD
- 0.75%
- 6M
- 0.95%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVOL vs. VTP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | -8.37% | 0.61% |
VTP Vanguard Total Inflation-Protected Securities ETF | 0.75% | 2.46% |
Correlation
The correlation between IVOL and VTP is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.47 |
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
IVOL vs. VTP — Risk / Return Rank
IVOL
VTP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVOL vs. VTP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) and Vanguard Total Inflation-Protected Securities ETF (VTP). 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 | VTP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.84 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | — | — |
| Martin ratioReturn relative to average drawdown | -1.48 | — | — |
Loading charts...
Drawdowns
IVOL vs. VTP - Drawdown Comparison
The maximum IVOL drawdown since its inception was -31.16%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for IVOL and VTP.
Loading charts...
Drawdown Indicators
| IVOL | VTP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.16% | -1.92% | -29.24% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.48% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.28% | — | — |
Current DrawdownCurrent decline from peak | -27.94% | -1.09% | -26.85% |
Average DrawdownAverage peak-to-trough decline | -13.39% | -0.52% | -12.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | — | — |
Volatility
IVOL vs. VTP - Volatility Comparison
Loading charts...
Volatility by Period
| IVOL | VTP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.97% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.05% | 3.34% | +3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 3.34% | +9.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.98% | 3.34% | +8.64% |
IVOL vs. VTP - Expense Ratio Comparison
IVOL has a 0.99% expense ratio, which is higher than VTP's 0.05% expense ratio.
Dividends
IVOL vs. VTP - Dividend Comparison
IVOL's dividend yield for the trailing twelve months is around 3.98%, more than VTP's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.98% | 3.61% | 3.83% | 3.73% | 3.92% | 3.93% | 3.44% | 2.02% |
VTP Vanguard Total Inflation-Protected Securities ETF | 1.62% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IVOL and VTP have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTP is cheaper with a 0.05% expense ratio, compared with 0.99% for IVOL.
IVOL has the higher dividend yield at 3.98%, compared with 1.62% for VTP.
They also come from different issuers: CICC and Vanguard. Their fees differ too: 0.99% for IVOL and 0.05% for VTP.
Find the right allocation for IVOL and VTP
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