LTPZ vs. IRVH
LTPZ (PIMCO 15+ Year US TIPS Index ETF) and IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) are both Inflation-Protected Bonds funds. LTPZ is passively managed, while IRVH is actively managed. Over the past 3 years, LTPZ returned -0.79%/yr vs -0.70%/yr for IRVH. A 0.59 correlation means they provide meaningful diversification when combined. LTPZ charges 0.20%/yr vs 0.50%/yr for IRVH.
Performance
LTPZ vs. IRVH - Performance Comparison
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Returns By Period
In the year-to-date period, LTPZ achieves a 0.41% return, which is significantly higher than IRVH's -3.15% return.
LTPZ
- 1D
- -0.49%
- 1M
- 1.02%
- YTD
- 0.41%
- 6M
- -1.15%
- 1Y
- 4.72%
- 3Y*
- -0.79%
- 5Y*
- -5.24%
- 10Y*
- 0.75%
IRVH
- 1D
- -0.18%
- 1M
- -1.31%
- YTD
- -3.15%
- 6M
- -3.34%
- 1Y
- -1.62%
- 3Y*
- -0.70%
- 5Y*
- —
- 10Y*
- —
LTPZ vs. IRVH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 0.41% | 4.00% | -4.80% | 0.96% | -8.70% |
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -3.15% | 7.71% | -5.49% | 0.83% | -6.69% |
Correlation
The correlation between LTPZ and IRVH is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2022 | 0.59 |
The correlation between LTPZ and IRVH has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
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Return for Risk
LTPZ vs. IRVH — Risk / Return Rank
LTPZ
IRVH
LTPZ vs. IRVH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 15+ Year US TIPS Index ETF (LTPZ) and Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH). 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.
| LTPZ | IRVH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.95 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | -0.33 | +1.01 |
| Martin ratioReturn relative to average drawdown | 1.48 | -0.70 | +2.18 |
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
| LTPZ | IRVH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | -0.33 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | -0.22 | +0.43 |
Drawdowns
LTPZ vs. IRVH - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, which is greater than IRVH's maximum drawdown of -14.98%. Use the drawdown chart below to compare losses from any high point for LTPZ and IRVH.
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Drawdown Indicators
| LTPZ | IRVH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -14.98% | -26.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -4.89% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -16.27% | -8.03% | -8.24% |
Max Drawdown (5Y)Largest decline over 5 years | -40.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | — | — |
Current DrawdownCurrent decline from peak | -32.74% | -10.15% | -22.59% |
Average DrawdownAverage peak-to-trough decline | -12.41% | -9.72% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.33% | +0.87% |
Volatility
LTPZ vs. IRVH - Volatility Comparison
PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a higher volatility of 2.32% compared to Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) at 0.73%. This indicates that LTPZ's price experiences larger fluctuations and is considered to be riskier than IRVH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTPZ | IRVH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 0.73% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 3.27% | +3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 4.95% | +4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 8.85% | +7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 8.85% | +6.22% |
LTPZ vs. IRVH - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is lower than IRVH's 0.50% expense ratio.
Dividends
LTPZ vs. IRVH - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 5.23%, less than IRVH's 5.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.55% | 4.89% | 3.34% | 3.69% | 2.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LTPZ PIMCO 15+ Year US TIPS Index ETF | 5.23% | 4.64% | 3.71% | 3.71% | 8.38% | 3.56% | 1.42% | 1.74% | 3.05% | 2.25% | 2.32% | 0.71% |
Frequently Asked Questions
LTPZ and IRVH have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LTPZ has higher volatility (2.32%) compared to IRVH (0.73%). In terms of maximum drawdown, LTPZ dropped -40.99% vs IRVH's -14.98%.
On 3-year performance, IRVH leads with -0.70% vs -0.79% for LTPZ. On fees, LTPZ is cheaper at 0.20% per year. On volatility, IRVH has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IRVH has performed better with a -0.70% return vs -0.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LTPZ is cheaper with a 0.20% expense ratio, compared with 0.50% for IRVH.
IRVH has the higher dividend yield at 5.55%, compared with 5.23% for LTPZ.
They also come from different issuers: PIMCO and Global X. Their fees differ too: 0.20% for LTPZ and 0.50% for IRVH.
LTPZ currently has the higher Sharpe Ratio (0.51 vs -0.33), 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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