Global X Interest Rate Volatility & Inflation… (IRVH) Performance
IRVH total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −6.6% since Dec 31, 2025
- 1 year
- −7.2% total return
- 3 years
- −0.5% a year
- Since first price
- −2.6% a year since 2022
IRVH trailing returns vs SPY, QQQ, AGG
| Period | IRVH total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.5% | +0.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.0% | −3.1% | +3.2% | +1.9% | −0.4% |
| 6 months | −4.7% | −6.9% | +7.8% | +8.4% | −1.5% |
| YTD | −6.6% | −9.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −7.2% | −12.2% | +14.4% | +15.9% | −1.1% |
| 3 years | −1.5%−0.5%/yr | −12.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJul 6, 2022 | −10.5%−2.6%/yr | −24.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IRVH vs SPY
From Jul 6, 2022: IRVH grew to $8,947, SPY to $20,971.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IRVH returns by calendar year
2 of 3 full years positive. Best 2025 (+7.7%), worst 2024 (−5.5%). 2026 is year to date.
IRVH annual returns table
| Year | IRVH | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −6.6% | −7.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.7% | −3.5% | +17.7% | +20.8% | +7.2% |
| 2024 | −5.5% | −8.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +0.8% | −10.5% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IRVH largest drawdowns
Now 13.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 29, 2022 | −15.0% | Dec 19, 2024 | not yet | 2.4 years | 4.2 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IRVH risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | −0.5% | −3.6% |
| Volatility (annualized) | 6.1% | 8.1% |
| Sharpe ratio | -0.77 | -0.95 |
| Sortino ratio | -0.91 | -1.08 |
| Best month | +3.3% | +6.5% |
| Worst month | −4.2% | −6.6% |
| Best 12 months | +9.5% | +9.5% |
| Worst 12 months | −7.0% | −11.7% |
| Positive months | 47% | 42% |
| Beta vs S&P 500 | 0.04 | — |
| Correlation with S&P 500 | 0.08 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IRVH rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 40 | −11.7% | +0.0% | +9.5% | 50% |
| 3-year (a year) | 16 | −2.9% | +0.1% | +2.2% | 56% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
IRVH performance overview
Global X Interest Rate Volatility & Inflation… (IRVH) returned −7.2% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned −2.6% a year, turning $10,000 into about $8,947. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −15.0%, from Jul 29, 2022 to Dec 19, 2024; the fund has not yet regained that high. IRVH finished 2 of its 3 full calendar years with a gain; the best year was 2025 (+7.7%) and the worst 2024 (−5.5%). Volatility has been 8.1% a year.
Related: IRVH chart, IRVH dividends. See the IRVH overview for the latest quote and fund facts.
IRVH performance FAQ
What is the IRVH return over the past year?
IRVH returned −7.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 12.2%.
How much would $10,000 invested in IRVH be worth?
$10,000 invested in IRVH at its first recorded close on July 6, 2022 would be worth about $8,947 on October 23, 2026 with distributions reinvested.
What was the worst year for IRVH?
The worst calendar year was 2024, with a total return of −5.5%. The best was 2025 at +7.7%.
What is the biggest drawdown of IRVH?
The largest peak-to-trough decline was −15.0% between July 29, 2022 and December 19, 2024. It has not yet recovered to that high; it is 13.3% below its peak.
How volatile is IRVH?
Over the past 3 years IRVH had an annualized volatility of 6.1% and a Sharpe ratio of -0.77 (excess return over 1–3 month T-bills per unit of risk).