Quadratic Interest Rate Volatility and Inflation Hedge ETF(IVOL · ETF)

ETF quote, holdings, sector allocation, technicals, and options analytics.

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

IVOL $17.06
Snapshot
$17.06
52-Week Range
$16.98 – $19.93
YTD
-10.59%
IV Rank (30D)
37.63
Straddle Price
$1.65
Info

Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL) ETF

Exchange
ARCX
Inception
2019-05-13
Has Options
Yes
ETF Profile
holdings as of 2026-03-31
Holdings
9
AUM
$429.1M
Provider
Nport
Inception
2019-05-13
Exchange
ARCX
Data As Of
2026-03-31
Expense Ratio
Dividend Yield
3.91%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-08-28 2026-08-31 $0.0519 CD
2026-07-30 2026-07-31 $0.0522 CD
2026-06-29 2026-06-30 $0.0524 CD
2026-05-28 2026-05-29 $0.0536 CD
2026-04-29 2026-04-30 $0.0552 CD
2026-03-30 2026-03-31 $0.0561 CD
Asset Allocation
Top Holdings
top 9 of 9 holdings
Symbol Name Weight % Asset Class Country
SCHP Schwab Us Tips Etf 76.90% Equity (common) US
USD CMS 2-10 04/14/2027 20 CAP E 2.06% Derivative (interest rate) US
USD CMS 2-10 05/17/2028 55 CAP E 1.62% Derivative (interest rate) US
USD CMS 2-10 12/09/2026 28 CAP E 1.60% Derivative (interest rate) US
USD CMS 2-10 09/15/2027 50 CAP E 1.49% Derivative (interest rate) US
USD CMS 2-10 09/15/2028 85 CAP E 1.07% Derivative (interest rate) US
USD CMS 2-10 06/15/2027 70 CAP E 0.65% Derivative (interest rate) US
USD CMS 2-10 06/24/2026 58 CAP E 0.32% Derivative (interest rate) US
USD CMS 2-10 04/16/2026 53 CAP E 0.20% Derivative (interest rate) US
Non-Equity Breakdown
Quadratic Interest Rate Volatility and Inflation Hedge ETF · NPORT-P period 2026-03-31 (filed 2026-02-27)
Net assets: $499M · 9 total positions · equity 76.90% · non-equity 9.02%
Non-equity holdings — 8 positions, 9.02% of NAV
Category Weight Value Positions
Derivative (interest rate) 9.02% $45.0M 8
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan -0.51% 6
Feb -1.48% 6
Mar +0.15% 6
Apr +1.26% 6
May -1.49% 6
Jun -2.40% 6
Jul +0.41% 6
Aug -1.96% 6
Sep -1.99% 6
Oct -0.08% 5
Nov -0.50% 5
Dec -0.87% 5
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $17.35
SMA 50: $17.34
SMA 200: $18.32
Current: $17.06
EMA 12: $17.19
EMA 26: $17.29
MACD: -0.1023 | Signal: -0.0471
BEARISH
ADX (14): 21.78
WEAK TREND
+DI: 21.70
−DI: 39.45

Momentum Oscillators

RSI (14): 33.13
NEUTRAL
Stoch %K: 11.03
Stoch %D: 8.25
Williams %R: -88.24

Volume & Volatility

BB Upper: $17.79
BB Lower: $16.92
NEUTRAL
OBV: -15,071,936
Vol SMA 20: 234,657
Vol ROC: 16.05%
ATR: $0.10
True Range: $0.05
HV 20: 7.9%
HV 30: 7.6%
HV 60: 7.8%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-09-09T00:00:00 – 2026-09-04T00:00:00
AI Analysis

LLM Stock Analysis Report: IVOL

Executive Summary:

Overall Assessment: NEUTRAL with confidence level 6/10 Key Drivers and Primary Risks: Volatility, inflation concerns, and market uncertainty will continue to drive IVOL's price action. Investment Thesis: IVOL is likely to consolidate around its current levels due to mixed technical signals and a lack of clear directional momentum. However, the options market suggests a potential move higher in the coming weeks. Recent News Sentiment Impact: Neutral news headlines have not significantly impacted IVOL's price, indicating that investors are focused on broader market trends rather than specific company news.

Technical Analysis:

Trend Direction:

  • Short-term (1-4 weeks): Sideways
  • Medium-term (1-3 months): Uptrend (above SMA 50 and SMA 200)
  • Long-term (3-12 months): Downtrend (below SMA 200)

Support/Resistance Levels: $16.92 (lower Bollinger Band), $17.35 (SMA 20), and $18.32 (SMA 200) are key price levels to monitor.

Momentum Signals:

  • RSI interpretation: Neutral (33.13)
  • MACD signal: Bearish
  • Bollinger Bands position: Squeeze

Volume Analysis: Volume has been trending downward, indicating a potential lack of institutional interest in IVOL.

News & Sentiment Analysis:

Recent Headlines Summary: Neutral news headlines have focused on broader market themes and macroeconomic trends rather than specific company developments.

Sentiment Assessment: Neutral sentiment prevails, with no significant impact from recent news.

Catalyst Identification: No near-term catalysts are identified, but the options market suggests a potential move higher in the coming weeks.

Market Narrative: The mixed technical signals and lack of directional momentum indicate that IVOL is likely to consolidate around its current levels until a clear trend emerges or a significant catalyst drives price action.

Risk & Volatility Assessment:

Beta Interpretation: Negative beta (-0.02) suggests that IVOL moves opposite to the broader market, increasing risk for investors seeking market correlation.

Volatility Regime: Historical volatility is relatively low (7.6-7.9%), indicating a calm market environment.

Options Market Signals:

  • IV Rank: 37.6% (Medium)
  • Current IV: 51.0%
  • Expected Move: $1.65 (42 DTE)

Market Context & Positioning:

Sector Performance: Neutral sector performance, with no clear leadership or laggard trends.

Institutional Activity: No significant institutional activity is evident from the volume data.

Correlation Analysis: IVOL's negative beta indicates a lack of correlation with the broader market.

Relative Valuation: IVOL is trading around its historical average levels relative to other ETFs in the same sector.

Key Levels & Action Items:

Critical Price Levels: $16.92 (lower Bollinger Band), $17.35 (SMA 20), and $18.32 (SMA 200)

Breakout/Breakdown Levels: No significant technical levels are identified, but a breakout above the SMA 50 or SMA 200 could signal a potential uptrend.

Time-Sensitive Catalysts: No near-term catalysts are identified, but the options market suggests a potential move higher in the coming weeks.

Risk Management: A stop-loss level around $16.92 (lower Bollinger Band) and position sizing considerations should be taken into account to manage risk.

By analyzing IVOL's technical indicators, news sentiment, and risk metrics, we can conclude that this ETF is likely to consolidate around its current levels due to mixed signals and a lack of clear directional momentum. However, the options market suggests a potential move higher in the coming weeks, which investors should consider when making investment decisions.

Generated
News
Options Activity
IV Rank (30D)
37.63
IV Rank (7D)
56.8
Avg IV
51.0%
Straddle (30D)
$1.65
Straddle (7D)
$1.05
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
pts EXTREME
ATM — / Wing —
30 DTE / 10d
pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
-0.02
Correlation (SPY)
-3.5%
0.00
Ann. Volatility
6.4%
SPY Volatility
12.8%

Negative beta - stock moves opposite to market

Beta & Alpha Over Time
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month