# Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL) — Overview

IVOL · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/ivol

## Price

Last close $16.90 on Oct 15, 2026. 52-week range $16.08 – $19.59.

## Fund profile

IVOL is an actively managed portfolio of TIPS and long options tied to the U.S. interest rate swap curve.

| Metric | Value |
| --- | --- |
| Issuer | Krane Funds Advisors, LLC |
| Industry | — |
| Inception | May 13, 2019 |
| Assets under management | $221.4M |
| Expense ratio | 1.02% |
| Net asset value | $16.91 (as of Oct 15, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL)?

IVOL is an actively managed portfolio of TIPS and long options tied to the U.S. interest rate swap curve.

### What is IVOL's expense ratio?

Quadratic Interest Rate Volatility and Inflation Hedge ETF charges an annual expense ratio of 1.02%. The fund is issued by Krane Funds Advisors, LLC.

### How large is IVOL?

Quadratic Interest Rate Volatility and Inflation Hedge ETF manages $221.4M in assets and has traded since May 13, 2019.

### How do I buy shares of Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL)?

IVOL trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).