Global X - Interest Rate Volatility & Inflation Hedge ETF
$18.67+0.00 (+0.00%)
- Expense ratio
- 0.45%
- Fund size
- $1M
- 1Y return
- −6.7%
- Yield · Last 12 months
- 5.87%
- Holdings
- 41
- Volume · 30D
- 0M sh
- NAV per share
- $18.69
- 52W range
The ETF.net IRVH Grade
Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 97Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 52Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 26Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 77Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 45Category rank
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
- 41
- 49%
- U.S. TIPS .125 07/15/2030 (BLCGQJ3)
IRVH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | −6.3% |
| 1 month | −2.0% |
| 3 months | −2.0% |
| 1 year | −6.7% |
| 3 years | +0.2% |
| 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 | −6.3% | |
| 2025 | +7.7% | |
| 2024 | −5.5% | |
| 2023 | +0.8% | |
| 2022 | −6.7% |
IRVH in the news
ETF.net Research hasn’t filed on IRVH yet — coverage lands here as it’s written.
IRVH Dividends
- 5.87%
- $1.10
- $0.08 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.08 |
| Aug 3, 2026 | Aug 6, 2026 | $0.08 |
| Jul 1, 2026 | Jul 7, 2026 | $0.08 |
| Jun 1, 2026 | Jun 4, 2026 | $0.08 |
| May 1, 2026 | May 6, 2026 | $0.07 |
| Apr 1, 2026 | Apr 7, 2026 | $0.06 |
| Mar 2, 2026 | Mar 5, 2026 | $0.05 |
| Feb 2, 2026 | Feb 5, 2026 | $0.05 |
| Dec 30, 2025 | Jan 7, 2026 | $0.35 |
| Dec 1, 2025 | Dec 8, 2025 | $0.07 |
| Nov 3, 2025 | Nov 10, 2025 | $0.07 |
| Oct 1, 2025 | Oct 8, 2025 | $0.07 |
IRVH Risk
- 6.0%
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.
- −0.73
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
- The middle half of Portfolio Hedging funds
- Median 0.63%
No Portfolio Hedging fund charges less.