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Quadratic Interest Rate Volatility and Inflation Hedge ETF

IVOL

Market cap $258M

16.75 USD

-0.02

0.12%

At close Updated Sep 11, 4:00 PM EDT

Pre-market

After hours

16.70

-0.05

0.3%

1 day

-0.12%

5 days

-1.82%

1 month

-4.01%

3 months

-5.31%

6 months

-11.28%

Year to date

-12.21%

1 year

-14.8%

5 years

-40.14%

10 years

-33.03%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 0%

Neutral 0%

Negative 100%

IVOL Update: The Issuance Issue

Quadratic Interest Rate Volatility and Inflation Hedge ETF remains my top curve steepener expression, managed by Nancy Davis, a standout in rate derivatives. Massive AI-driven capital expenditure and resulting long-duration issuance suggest sustained upward pressure on 10-year yields, limiting curve normalization. Fed policy under Warsh is likely to avoid curve manipulation or QE, with trimmed-mean PCE data signaling less inflationary pressure than headline/core PCE.

IVOL Update: The Issuance Issue

Zacks Investment Research

Gulf Conflict Revives Stagflation Fears: ETFs to Play

Stagflation fears are back as Gulf tensions pushed oil above $100 last week. These ETFs could help investors navigate rising inflation and slowing growth.

Gulf Conflict Revives Stagflation Fears: ETFs to Play

IVOL: Market Moves Coil The Spring Even More

The Quadratic Interest Rate Volatility and Inflation Hedge ETF offers an asymmetric, options-based bet on US yield curve steepening, particularly between 2-year and 10-year rates. Recent curve flattening and inflation fears have pressured IVOL, but its options structure limited losses compared to delta-one strategies. Fed Chair Warsh's stance against QE and preference for market-driven long-term rates could catalyze curve steepening, favoring IVOL.

IVOL: Market Moves Coil The Spring Even More

Zacks Investment Research

Stagflation Risks Brewing? ETFs to Play

Rising stagflation fears from the Iran war and oil spike are putting inflation-hedging ETFs back in focus.

Stagflation Risks Brewing? ETFs to Play

IVOL: Optionality In The Hands Of An Options Guru

The Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL) offers a convex macro opportunity, designed to hedge rising and falling interest rates via TIPS and curve options. IVOL suffered a 15% drawdown during the unprecedented 2022–2024 yield curve inversion, but historical steepening post-inversion supports a constructive forward outlook. The ETF's options are now cheaper due to a 50% decline in volatility, and IVOL exhibits low to negative correlation with most risk assets, enhancing portfolio diversification.

IVOL: Optionality In The Hands Of An Options Guru

IVOL: Bond ETF Unconvincingly Playing With Inflation And Yield Curve

Quadratic Interest Rate Volatility and Inflation Hedge ETF combines TIPS exposure with options on yield curve spreads to hedge inflation and rate volatility. IVOL has underperformed both its main holding, SCHP, and peer ETFs, with high volatility and significant drawdowns. IVOL has lost value faster when the yield curve slope was decreasing than it gained when the slope was increasing.

IVOL: Bond ETF Unconvincingly Playing With Inflation And Yield Curve

The Stagflation ETF Up 3% This Year

The Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL) historically outperforms during periods of fixed income stress. It's a strong contender when inflation and interest rate volatility threatens, provides mitigation for a stagflation environment, and offers strong performance year to date.

The Stagflation ETF Up 3% This Year

Zacks Investment Research

Fed Pause Amid Stagflation Risks? Smart ETF Moves to Follow

Fed chair Powell acknowledged chances of higher inflation and slower growth amid Trump tariffs.

Fed Pause Amid Stagflation Risks? Smart ETF Moves to Follow

IVOL: Abandoning Ship (Rating Downgrade)

IVOL's underperformance stems from high volatility swaptions, despite correct market views on 2s10s normalization. The ETF's composition remains unchanged, with significant exposure to SCHP and swaptions on the 2s10s spread. High ROC utilization in IVOL leads to lower NAV, making SCHP a better standalone investment.

IVOL: Abandoning Ship (Rating Downgrade)

IVOL: Massive Upside From Yield Curve Steepening

IVOL offers retail exposure to advanced interest rate derivatives typically only available to institutional traders, providing a way to bet on the steepening yield curve and macro dynamics. IVOL's holdings include TIPS and options on constant maturity swaps. We deconstruct these holdings and go through the implications. Performance is tied to the steepening yield curve, inflation expectations, and macroeconomic factors, making it a pure play macro bet.

IVOL: Massive Upside From Yield Curve Steepening

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