KVLE vs. IVOL
KVLE (KFA Value Liner Dynamic Core Equity Index ETF) and IVOL (Quadratic Interest Rate Volatility & Inflation Hedge ETF) are both exchange-traded funds - KVLE is a Large Cap Value Equities fund tracking the 3D/L Value Line Dynamic Core Equity Index, while IVOL is a Inflation-Protected Bonds fund actively managed by CICC. KVLE is passively managed, while IVOL is actively managed. Over the past 5 years, KVLE returned 10.15%/yr vs -5.61%/yr for IVOL. At a 0.02 correlation, their price movements are largely independent. KVLE charges 0.56%/yr vs 0.99%/yr for IVOL.
Performance
KVLE vs. IVOL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KVLE achieves a 11.84% return, which is significantly higher than IVOL's -7.85% return.
KVLE
- 1D
- -0.06%
- 1M
- 1.18%
- 6M
- 9.58%
- YTD
- 11.84%
- 1Y
- 16.09%
- 3Y*
- 14.23%
- 5Y*
- 10.15%
- 10Y*
- —
IVOL
- 1D
- 0.55%
- 1M
- -1.29%
- 6M
- -6.88%
- YTD
- -7.85%
- 1Y
- -7.29%
- 3Y*
- -2.32%
- 5Y*
- -5.61%
- 10Y*
- —
KVLE vs. IVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KVLE KFA Value Liner Dynamic Core Equity Index ETF | 11.84% | 9.34% | 18.25% | 10.49% | -5.96% | 28.01% | 1.71% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | -7.85% | 11.97% | -11.07% | -5.18% | -12.69% | -0.31% | 2.92% |
Correlation
The correlation between KVLE and IVOL is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020 | 0.02 |
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
KVLE vs. IVOL — Risk / Return Rank
KVLE
IVOL
KVLE vs. IVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KFA Value Liner Dynamic Core Equity Index ETF (KVLE) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL). 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.
| KVLE | IVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.56 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.83 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | -0.61 | +2.29 |
| Martin ratioReturn relative to average drawdown | 6.43 | -1.29 | +7.72 |
Loading charts...
Drawdowns
KVLE vs. IVOL - Drawdown Comparison
The maximum KVLE drawdown since its inception was -18.38%, smaller than the maximum IVOL drawdown of -31.16%. Use the drawdown chart below to compare losses from any high point for KVLE and IVOL.
Loading charts...
Drawdown Indicators
| KVLE | IVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -31.16% | +12.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -12.08% | +2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.39% | -14.48% | -1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -18.38% | -30.28% | +11.90% |
Current DrawdownCurrent decline from peak | -0.45% | -27.53% | +27.08% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -13.50% | +10.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 5.65% | -3.14% |
Volatility
KVLE vs. IVOL - Volatility Comparison
KFA Value Liner Dynamic Core Equity Index ETF (KVLE) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) have volatilities of 2.65% and 2.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KVLE | IVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.66% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.65% | 5.00% | +3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.13% | 6.74% | +4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.51% | 12.85% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.27% | 11.94% | +2.33% |
KVLE vs. IVOL - Expense Ratio Comparison
KVLE has a 0.56% expense ratio, which is lower than IVOL's 0.99% expense ratio.
Dividends
KVLE vs. IVOL - Dividend Comparison
KVLE's dividend yield for the trailing twelve months is around 7.47%, more than IVOL's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.93% | 3.61% | 3.83% | 3.73% | 3.92% | 3.93% | 3.44% | 2.02% |
KVLE KFA Value Liner Dynamic Core Equity Index ETF | 7.47% | 7.90% | 7.99% | 2.53% | 5.78% | 9.51% | 0.35% | 0.00% |
Frequently Asked Questions
KVLE and IVOL have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVOL has higher volatility (2.66%) compared to KVLE (2.65%). In terms of maximum drawdown, KVLE dropped -18.38% vs IVOL's -31.16%.
On 5-year performance, KVLE leads with 10.15% vs -5.61% for IVOL. On fees, KVLE is cheaper at 0.56% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KVLE has performed better with a 10.15% return vs -5.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KVLE is cheaper with a 0.56% expense ratio, compared with 0.99% for IVOL.
KVLE has the higher dividend yield at 7.47%, compared with 3.93% for IVOL.
KVLE is categorized as Large Cap Value Equities, while IVOL is Inflation-Protected Bonds. Their fees differ too: 0.56% for KVLE and 0.99% for IVOL.
KVLE currently has the higher Sharpe Ratio (1.45 vs -1.09), 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 KVLE and IVOL
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