2. Must Reads
The IVC collapsibility is complicated. You need to consider the venous return (how quickly is the tube being filled), compliance of the IVC vessel (what is the pressure to volume relationship of the vessel), the intra-abdominal pressure (what is the pressure being exerted onto the tube), the function of the right heart (how quickly can it clear the blood returning from the tube), and transmural pressure to the right heart during pleural pressure excursion from inspiration (changes right heart filling).
ALL
these variables yield IVC diameter and collapsibility during the sniff test, and amidst all that is venous return which represent the elusive "volume status".
However, I would like to direct you to the following excellent treaties by Dr. Jon-Emile Kenny of Heart-Lung.org
and PulmCCM.com
in hope that you gain an appreciation for its intricacies yet fostering the concepts to utilize this sonographic tool clinically.
What the Inspiratory Collapse of the IVC is Telling Us:
https://pulmccm.org/critical-care-review/inspiratory-collapse-inferior-vena-cava-telling-us/
The Fallible IVC:
https://pulmccm.org/cardiovascular-disease-review/that-fallible-ivc/