IVOL vs ERC

Comparison between QUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF (IVOL, ETF) and Allspring Multi-Sector Income Fund (ERC, ETF).

5-Year PerformanceERC has outperformed IVOL, delivering a return of +2.5% compared to -5.9%

IVOL vs ERC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IVOL(ETF)	ERC(ETF)
Net Assets	$276M	$276M
Expense Ratio	0.98%	N/A
Max Drawdown	40.47%	61.26%
Sharpe Ratio	-1.99	0.62
5Y Beta	-0.19	0.29
5Y Dividends CAGR	-7.48%	-3.31%

Net Assets

IVOL

$276M

Winner

ERC

$276M

Expense Ratio

IVOL

0.98%

ERC

N/A

Max Drawdown

Winner

IVOL

40.47%

ERC

61.26%

Sharpe Ratio

IVOL

-1.99

Winner

ERC

0.62

5Y Beta

Winner

IVOL

-0.19

ERC

0.29

5Y Dividends CAGR

IVOL

-7.48%

Winner

ERC

-3.31%

IVOL vs ERC - Historical Returns

Returns include dividend reinvestment.

Period	IVOL	ERC
1 month	+0.33%	+2.59%
3 months	-5.66%	+1.76%
6 months	-7.22%	+2.30%
1 year	-9.37%	+7.67%
5 years(CAGR)	-5.85%	+2.54%
10 years(CAGR)	N/A	+6.20%
Max(CAGR)	-1.60%	+6.42%

IVOL

+0.33%

Winner

ERC

+2.59%

IVOL

-5.66%

Winner

ERC

+1.76%

IVOL

-7.22%

Winner

ERC

+2.30%

IVOL

-9.37%

Winner

ERC

+7.67%

5Y(CAGR)

IVOL

-5.85%

Winner

ERC

+2.54%

10Y(CAGR)

IVOL

N/A

ERC

+6.20%

Max(CAGR)

IVOL

-1.60%

Winner

ERC

+6.42%

IVOL vs ERC - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	IVOL	ERC
2026	-8.00%	+3.87%
2025	+12.03%	+11.57%
2024	-10.51%	+6.22%
2023	-4.63%	+4.86%
2022	-12.97%	-16.89%
2021	-0.69%	+19.00%
2020	+14.96%	+4.50%
2019	+3.23%	+27.12%
2018	N/A	-4.31%
2017	N/A	+11.37%
2016	N/A	+22.86%
2015	N/A	-6.98%
2014	N/A	+4.97%
2013	N/A	-7.17%
2012	N/A	+19.05%
2011	N/A	+4.26%
2010	N/A	+17.22%
2009	N/A	+46.85%
2008	N/A	-20.91%
2007	N/A	-1.03%
2006	N/A	+16.47%
2005	N/A	-7.05%
2004	N/A	+7.02%
2003	N/A	-3.51%

IVOL vs ERC Drawdown Comparison

The maximum drawdown for IVOL was -31.17%, occurring on Dec 18, 2024. This drawdown has not yet recovered.

The maximum drawdown for ERC was -47.40%, occurring on Oct 10, 2008. Recovery took 558 trading sessions.

The current IVOL drawdown is -27.97%. The current ERC drawdown is -0.76%.

Rank	IVOL	ERC
#1	-31.17% May 10, 2021 - Dec 18, 2024	-47.40% May 7, 2007 - Jul 23, 2009
#2	-8.02% Mar 6, 2020 - Mar 26, 2020	-41.26% Feb 20, 2020 - Jan 7, 2021
#3	-3.93% Mar 26, 2020 - Apr 8, 2020	-33.58% Sep 27, 2021 - Sep 16, 2025
#4	-3.23% Jun 6, 2019 - Feb 28, 2020	-18.40% Apr 26, 2013 - Apr 29, 2016
#5	-2.52% Apr 13, 2020 - May 8, 2020	-13.99% Apr 16, 2018 - Feb 1, 2019
#6	-2.26% Feb 16, 2021 - May 5, 2021	-12.99% Feb 10, 2004 - Oct 8, 2004
#7	-1.94% Aug 31, 2020 - Dec 2, 2020	-11.66% Jun 27, 2003 - Jan 9, 2004
#8	-1.50% May 16, 2019 - May 30, 2019	-11.24% May 4, 2010 - Jul 23, 2010
#9	-1.37% May 8, 2020 - Jun 4, 2020	-10.46% Jul 21, 2011 - Jan 19, 2012
#10	-1.22% Jun 5, 2020 - Aug 5, 2020	-10.39% Dec 8, 2004 - Aug 8, 2006
#11	-0.51% Aug 17, 2020 - Aug 25, 2020	-9.75% Nov 8, 2010 - Jul 15, 2011
#12	-0.47% Jan 21, 2021 - Feb 3, 2021	-8.57% Oct 25, 2012 - Jan 17, 2013
#13	-0.39% Dec 21, 2020 - Jan 4, 2021	-7.89% Sep 7, 2016 - Dec 28, 2016
#14	-0.39% Jan 7, 2021 - Jan 14, 2021	-6.87% Feb 18, 2026 - Jun 29, 2026
#15	-0.31% Feb 8, 2021 - Feb 12, 2021	-5.09% Jan 19, 2010 - Feb 25, 2010

Correlation

Correlation between IVOL and ERC is -0.24 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.24

-101

Dividend Comparison (2003 - 2026)

IVOL vs ERC dividend yield comparison.

Year	IVOL	ERC
2026	1.92%	5.55%
2025	3.61%	9.34%
2024	3.83%	8.65%
2023	3.73%	8.44%
2022	3.92%	10.71%
2021	3.93%	8.51%
2020	3.44%	9.50%
2019	2.02%	9.35%
2018	0.00%	11.56%
2017	0.00%	9.66%
2016	0.00%	8.80%
2015	0.00%	13.67%
2014	0.00%	8.78%
2013	0.00%	8.53%
2012	0.00%	7.42%
2011	0.00%	8.23%
2010	0.00%	8.48%
2009	0.00%	9.17%
2008	0.00%	23.72%
2007	0.00%	8.27%
2006	0.00%	8.19%
2005	0.00%	9.18%
2004	0.00%	8.54%
2003	0.00%	3.83%