IVOL vs USDX
Comparison between QUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF (IVOL, ETF) and SGI ENHANCED CORE ETF (USDX, ETF).
IVOL vs USDX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
IVOL
$314M
USDX
$313M
Expense Ratio
Winner
IVOL
0.98%
USDX
1.08%
Max Drawdown
IVOL
39.76%
Winner
USDX
3.80%
Sharpe Ratio
IVOL
-1.18
Winner
USDX
1.29
5Y Beta
Winner
IVOL
-0.20
USDX
0.00
5Y Dividends CAGR
IVOL
-5.74%
USDX
N/A
IVOL vs USDX - Historical Returns
Returns include dividend reinvestment.
1M
IVOL
-1.68%
Winner
USDX
+0.74%
3M
IVOL
-5.53%
Winner
USDX
+1.62%
6M
IVOL
-6.71%
Winner
USDX
+2.79%
1Y
IVOL
-4.62%
Winner
USDX
+6.52%
5Y(CAGR)
IVOL
-5.60%
USDX
N/A
Max(CAGR)
IVOL
-1.37%
Winner
USDX
+6.80%
IVOL vs USDX - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | IVOL | USDX |
|---|---|---|
| 2026 | -6.31% | +2.43% |
| 2025 | +12.03% | +6.20% |
| 2024 | -10.51% | +6.87% |
| 2023 | -4.63% | N/A |
| 2022 | -12.97% | N/A |
| 2021 | -0.69% | N/A |
| 2020 | +14.96% | N/A |
| 2019 | +3.23% | N/A |
IVOL vs USDX 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 USDX was -0.94%, occurring on Jan 27, 2026. Recovery took 22 trading sessions.
The current IVOL drawdown is -26.65%. The current USDX drawdown is -0.02%.
| Rank | IVOL | USDX |
|---|---|---|
| #1 | -31.17% May 10, 2021 - Dec 18, 2024 | -0.94% Jan 21, 2026 - Feb 23, 2026 |
| #2 | -8.02% Mar 6, 2020 - Mar 26, 2020 | -0.74% Apr 7, 2025 - May 16, 2025 |
| #3 | -3.93% Mar 26, 2020 - Apr 8, 2020 | -0.64% May 29, 2026 - Jun 4, 2026 |
| #4 | -3.23% Jun 6, 2019 - Feb 28, 2020 | -0.35% May 7, 2026 - May 14, 2026 |
| #5 | -2.52% Apr 13, 2020 - May 8, 2020 | -0.31% Apr 30, 2026 - May 7, 2026 |
| #6 | -2.26% Feb 16, 2021 - May 5, 2021 | -0.29% May 21, 2026 - May 29, 2026 |
| #7 | -1.94% Aug 31, 2020 - Dec 2, 2020 | -0.26% May 14, 2026 - May 20, 2026 |
| #8 | -1.50% May 16, 2019 - May 30, 2019 | -0.24% Jul 1, 2024 - Jul 3, 2024 |
| #9 | -1.37% May 8, 2020 - Jun 4, 2020 | -0.23% Oct 25, 2024 - Nov 4, 2024 |
| #10 | -1.22% Jun 5, 2020 - Aug 5, 2020 | -0.23% Dec 23, 2024 - Jan 2, 2025 |
| #11 | -0.51% Aug 17, 2020 - Aug 25, 2020 | -0.21% Jan 15, 2026 - Jan 21, 2026 |
| #12 | -0.47% Jan 21, 2021 - Feb 3, 2021 | -0.21% Nov 11, 2024 - Nov 14, 2024 |
| #13 | -0.39% Dec 21, 2020 - Jan 4, 2021 | -0.21% Dec 16, 2024 - Dec 23, 2024 |
| #14 | -0.39% Jan 7, 2021 - Jan 14, 2021 | -0.19% Jul 10, 2025 - Jul 21, 2025 |
| #15 | -0.31% Feb 8, 2021 - Feb 12, 2021 | -0.19% Mar 26, 2026 - Mar 30, 2026 |
Correlation
Correlation between IVOL and USDX is 0.53 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.53
-101
Dividend Comparison (2019 - 2026)
IVOL vs USDX dividend yield comparison.
| Year | IVOL | USDX |
|---|---|---|
| 2026 | 1.58% | 1.67% |
| 2025 | 3.61% | 5.88% |
| 2024 | 3.83% | 4.60% |
| 2023 | 3.73% | 0.00% |
| 2022 | 3.92% | 0.00% |
| 2021 | 3.93% | 0.00% |
| 2020 | 3.44% | 0.00% |
| 2019 | 2.02% | 0.00% |
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