TIPZ vs. IRVH
TIPZ (PIMCO Broad US TIPS Index ETF) and IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) are both Inflation-Protected Bonds funds. TIPZ is passively managed, while IRVH is actively managed. Over the past 3 years, TIPZ returned 3.64%/yr vs 0.11%/yr for IRVH. Their 0.67 correlation means they have sometimes moved together and sometimes differently. TIPZ charges 0.20%/yr vs 0.50%/yr for IRVH.
Performance
TIPZ vs. IRVH - Performance Comparison
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Returns By Period
In the year-to-date period, TIPZ achieves a 1.38% return, which is significantly higher than IRVH's -4.59% return.
TIPZ
- 1D
- -0.21%
- 1M
- -0.88%
- 6M
- -0.24%
- YTD
- 1.38%
- 1Y
- 1.62%
- 3Y*
- 3.64%
- 5Y*
- -0.12%
- 10Y*
- 2.25%
- ALL TIME*
- 2.96%
IRVH
- 1D
- -0.11%
- 1M
- -0.67%
- 6M
- -4.04%
- YTD
- -4.59%
- 1Y
- -3.57%
- 3Y*
- 0.11%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $471.52 | $4.02K | $5.19K | |
| $310.43K | $449.34K | $924.41K |
TIPZ vs. IRVH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 1.38% | 5.87% | 1.52% | 3.37% | -4.38% |
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -4.59% | 7.71% | -5.49% | 0.83% | -6.69% |
Correlation
The correlation between TIPZ and IRVH is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2022 | 0.67 |
The correlation between TIPZ and IRVH has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.
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Return for Risk
TIPZ vs. IRVH — Risk / Return Rank
TIPZ
IRVH
TIPZ vs. IRVH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Broad US TIPS Index ETF (TIPZ) 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.
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.
| TIPZ | IRVH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.90 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | -0.49 | +1.55 |
| Martin ratioReturn relative to average drawdown | 2.97 | -0.97 | +3.94 |
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Drawdowns
TIPZ vs. IRVH - Drawdown Comparison
The maximum TIPZ drawdown since its inception was -15.77%, which is greater than IRVH's maximum drawdown of -14.98%. Use the drawdown chart below to compare losses from any high point for TIPZ and IRVH.
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Drawdown Indicators
| TIPZ | IRVH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.77% | -14.98% | -0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -6.48% | +4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -8.03% | +3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.77% | — | — |
Current DrawdownCurrent decline from peak | -2.60% | -11.49% | +8.89% |
Average DrawdownAverage peak-to-trough decline | -4.31% | -9.76% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 3.26% | -2.48% |
Volatility
TIPZ vs. IRVH - Volatility Comparison
The current volatility for PIMCO Broad US TIPS Index ETF (TIPZ) is 0.74%, while Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) has a volatility of 0.88%. This indicates that TIPZ experiences smaller price fluctuations and is considered to be less risky 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
| TIPZ | IRVH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.88% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 3.18% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 4.66% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 8.70% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 8.70% | -2.87% |
TIPZ vs. IRVH - Expense Ratio Comparison
TIPZ has a 0.20% expense ratio, which is lower than IRVH's 0.50% expense ratio.
Dividends
TIPZ vs. IRVH - Dividend Comparison
TIPZ's dividend yield for the trailing twelve months is around 5.83%, more than IRVH's 5.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.31% | 4.89% | 3.34% | 3.69% | 2.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIPZ PIMCO Broad US TIPS Index ETF | 5.48% | 4.74% | 4.44% | 4.69% | 7.14% | 4.41% | 1.47% | 1.65% | 2.23% | 1.70% | 1.06% | 0.56% |
Frequently Asked Questions
TIPZ and IRVH have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRVH has higher volatility (0.88%) compared to TIPZ (0.74%). In terms of maximum drawdown, TIPZ dropped -15.77% vs IRVH's -14.98%.
On 3-year performance, TIPZ leads with 3.64% vs 0.11% for IRVH. On fees, TIPZ is cheaper at 0.20% per year. On volatility, TIPZ has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TIPZ has performed better with a 3.64% return vs 0.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIPZ is cheaper with a 0.20% expense ratio, compared with 0.50% for IRVH.
TIPZ has the higher dividend yield at 5.48%, compared with 5.31% for IRVH.
They also come from different issuers: PIMCO and Global X. Their fees differ too: 0.20% for TIPZ and 0.50% for IRVH.
TIPZ currently has the higher Sharpe Ratio (0.60 vs -0.68), 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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