Global X - Interest Rate Volatility & Inflation Hedge ETF
$18.470.00 (0.00%)
- 0.45%
- $1M
- −7.2%
- 5.95%
- 0M sh
- $18.49
- low $18.37high $21.15
The ETF.net IRVH Grade
C
Score 40 out of 100
- 9 of 13
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 65
- This cap took
- −25
- Published Score
- 40
Cost
The fund’s net expense ratio, ranked against its category.A97 out of 100Rank 1 of 13Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C53 out of 100Rank 7 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F21 out of 100Rank 13 of 13Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D36 out of 100Rank 5 of 6Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C45 out of 100Rank 8 of 13
Our read on IRVH
CA TIPS portfolio with a twist: an overlay of over-the-counter options on the gap between 2-year and 10-year swap rates. Global X built it to pay monthly income and to react when the yield curve steepens or interest-rate volatility flares.
IRVH is actively managed to seek inflation-protected income, hedge relative interest-rate movements from a steepening U.S. yield curve, and potentially benefit when interest-rate volatility rises.
Why people hold it
- The core is Treasury Inflation-Protected Securities, whose value rises with inflation, paired with a yield curve spread option overlay.globalxetfs.com
- Those options trade over the counter, a market that historically needed a bank counterparty to access. This wrapper packages it into a listed fund.globalxetfs.com
- 0.45% a year undercuts hedging peers like TAIL (0.59%) and CAOS (0.63%), unusual for an actively managed options overlay.
- Global X expects low correlation to stocks, real estate and bonds, and the fund distributes monthly.globalxetfs.com
Worth knowing
- The options pay off when the 2s10s spread widens. A flat or flattening curve pushes the other way, and options can expire worthless.globalxetfs.com
- Small asset base and thin trading volume. Spreads can be wide, so limit orders matter more here than in a mega-fund.
- Over-the-counter positions mean counterparty exposure and marks you cannot check on a screen, unlike exchange-listed options.globalxetfs.com
IRVH Holdings
- Bonds
- 2
- 100%
- Other Payable & Receivables
IRVH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
IRVH$9,284
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IRVH |
|---|---|
| Year to date | −6.9% |
| 1 month | −1.2% |
| 3 months | −2.8% |
| 1 year | −7.2% |
| 3 years | −0.4% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IRVH |
|---|---|---|
| 2026 YTD | −6.9% | |
| 2025 | +7.7% | |
| 2024 | −5.5% | |
| 2023 | +0.8% | |
| 2022 | −6.7% |
IRVH in the news
IRVH Dividends
- 5.95%
- $1.10
- $0.08 per share
- Monthly
Distribution history
IRVH Risk
- 6.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.80
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −15.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.71
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IRVH Cost
0.45%
IRVH0.45%
- The middle half of Portfolio Hedging funds
- Median 0.63%
No Portfolio Hedging fund charges less.
Other funds in Portfolio Hedging
- BATTREA Series Trust - Arin Tactical Tail Risk ETFExpense ratio 0.63%1 year return —
- BTAILCambria Tail Risk ETFExpense ratio 0.60%1 year return −16.4%
- DONEHTrueShares Equity Hedge ETFExpense ratio 0.79%1 year return —
- DVIXYProShares - VIX Short-Term Futures ETFExpense ratio 0.85%1 year return −55.9%
- DVIXMProShares VIX Mid-Term Futures ETFExpense ratio 0.85%1 year return −22.7%