ETF Evaluator: Global X Interest Rt Vol & Infl Hdg ETF () Follow This ETF

Global X Interest Rt Vol & Infl Hdg ETF Overview

Global X Interest Rt Vol & Infl Hdg ETF (IRVH) is an actively managed Taxable Bond Inflation-Protected Bond exchange-traded fund (ETF). Global X Funds launched the ETF in 2022.

The investment seeks to hedge relative interest rate movements arising from a steepening of the U.S. interest rate curve, and to benefit from periods of market stress when interest rate volatility increases, while also providing inflation-protected income. The fund is an actively managed exchange traded fund (“ETF”) that seeks to achieve its investment objective primarily by investing, directly or indirectly, in a mix of U.S. Treasury Inflation-Protected Securities (“TIPS”) and long yield curve spread options, which are tied to the shape of the U.S. interest rate curve. It is non-diversified.

About Global X Interest Rt Vol & Infl Hdg ETF (IRVH)

There are 2 members of the management team with an average tenure of 4.07 years: Nam To (2022) and Sandy Lu (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Trsy Infl-Lnk Bd TR USD index with a weighting of 100%. Global X Interest Rt Vol & Infl Hdg ETF has 42 securities in its portfolio. The top 10 holdings constitute 48.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Global X Interest Rt Vol & Infl Hdg ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Global X Interest Rt Vol & Infl Hdg ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.4% (99.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Global X Interest Rt Vol & Infl Hdg ETF has 0.7% of the portfolio in cash.

Assets Under Management

The fund has $1 million in total assets, which is below the $2 billion average for the Inflation-Protected Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

IRVH Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Global X Interest Rt Vol & Infl Hdg ETF expense ratio is average compared to funds in the Inflation-Protected Bond category. Global X Interest Rt Vol & Infl Hdg ETF has an expense ratio of 0.45%, which is 64% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Global X Interest Rt Vol & Infl Hdg ETF has a portfolio turnover rate of 14%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 37% for the Inflation-Protected Bond category.

Recently, in the month of July 2026, Global X Interest Rt Vol & Infl Hdg ETF returned -0.6%, which earned it a grade of B, as the Inflation-Protected Bond category had an average return of -0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Global X Interest Rt Vol & Infl Hdg ETF has a trailing yield of 5.68%, which is above the 4.95% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Global X Interest Rt Vol & Infl Hdg ETF Grades

Year to date, the ETF has returned -4.5%, 3.9 percentage points worse than the category, which translates into a grade of F. The fund has returned -3.1% over the past year (grade of F) and 0.1% over the past three years (grade of F).

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