BFIX vs. RISR

Last updated Aug 4, 2026

BFIX (Build Bond Innovation ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - BFIX is a Intermediate Core Bond fund actively managed by Build, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. Both are actively managed. Over the past 3 years, BFIX returned 7.24%/yr vs 10.07%/yr for RISR. Their -0.29 correlation means they have often moved in opposite directions in the past. BFIX charges 0.45%/yr vs 1.13%/yr for RISR.

Performance

BFIX vs. RISR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Build Bond Innovation ETF (BFIX) and FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BFIX achieves a 0.65% return, which is significantly lower than RISR's 4.75% return.

BFIX

• 1D: -0.04%
• 1M: -0.28%
• 6M: -0.45%
• YTD: 0.65%
• 1Y: 2.95%
• 3Y*: 7.24%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.53%

RISR

• 1D: -0.15%
• 1M: 1.47%
• 6M: 4.83%
• YTD: 4.75%
• 1Y: 6.29%
• 3Y*: 10.07%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BFIX Build Bond Innovation ETF	$34.27K	$134.06K	$79.03K
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	$3.20M	$3.07M	$3.51M

BFIX vs. RISR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BFIX Build Bond Innovation ETF	0.65%	5.91%	12.95%	4.97%	-7.60%
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	4.75%	4.63%	24.20%	7.02%	12.67%

Correlation

The correlation between BFIX and RISR is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.22
Correlation (3Y) Balances recent behavior with more history.	-0.24
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022	-0.29

Return for Risk

BFIX vs. RISR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BFIX

BFIX Risk / Return Rank: 48
BFIX Sharpe Ratio Rank: 41
BFIX Sortino Ratio Rank: 42
BFIX Omega Ratio Rank: 41
BFIX Calmar Ratio Rank: 67
BFIX Martin Ratio Rank: 47

RISR

RISR Risk / Return Rank: 51
RISR Sharpe Ratio Rank: 48
RISR Sortino Ratio Rank: 47
RISR Omega Ratio Rank: 46
RISR Calmar Ratio Rank: 67
RISR Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BFIX vs. RISR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Build Bond Innovation ETF (BFIX) and FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BFIX	RISR	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.20	-0.13
Sortino ratio: Return per unit of downside risk	1.65	1.76	-0.11
Omega ratio: Gain probability vs. loss probability	1.20	1.22	-0.01
Calmar ratio: Return relative to maximum drawdown	2.46	2.42	+0.04
Martin ratio: Return relative to average drawdown	5.67	5.79	-0.12

BFIX vs. RISR - Sharpe Ratio Comparison

The current BFIX Sharpe Ratio is 1.07, which is comparable to the RISR Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of BFIX and RISR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BFIX vs. RISR - Drawdown Comparison

The maximum BFIX drawdown since its inception was -8.54%, smaller than the maximum RISR drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for BFIX and RISR.

Drawdown Indicators

	BFIX	RISR	Difference
Max Drawdown Largest peak-to-trough decline	-8.54%	-14.31%	+5.77%
Max Drawdown (1Y) Largest decline over 1 year	-1.20%	-2.61%	+1.41%
Max Drawdown (3Y) Largest decline over 3 years	-4.05%	-8.07%	+4.02%
Current Drawdown Current decline from peak	-1.01%	-0.15%	-0.86%
Average Drawdown Average peak-to-trough decline	-2.94%	-2.12%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	1.09%	-0.57%

Volatility

BFIX vs. RISR - Volatility Comparison

The current volatility for Build Bond Innovation ETF (BFIX) is 0.40%, while FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) has a volatility of 1.13%. This indicates that BFIX experiences smaller price fluctuations and is considered to be less risky than RISR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BFIX	RISR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.40%	1.13%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	1.49%	3.57%	-2.08%
Volatility (1Y) Calculated over the trailing 1-year period	2.77%	5.25%	-2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.71%	11.67%	-6.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.71%	11.67%	-6.96%

BFIX vs. RISR - Expense Ratio Comparison

BFIX has a 0.45% expense ratio, which is lower than RISR's 1.13% expense ratio.

Dividends

BFIX vs. RISR - Dividend Comparison

BFIX's dividend yield for the trailing twelve months is around 3.50%, less than RISR's 5.88% yield.

Position	TTM	2025	2024	2023	2022	2021
BFIX Build Bond Innovation ETF	3.50%	3.73%	4.38%	4.30%	1.58%	0.00%
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	5.88%	5.95%	5.67%	7.96%	4.26%	0.30%

Frequently Asked Questions

Can I hold both BFIX and RISR in my portfolio?

BFIX and RISR have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BFIX or RISR?

RISR has higher volatility (1.13%) compared to BFIX (0.40%). In terms of maximum drawdown, BFIX dropped -8.54% vs RISR's -14.31%.

Which ETF is better, BFIX or RISR?

On 3-year performance, RISR leads with 10.07% vs 7.24% for BFIX. On fees, BFIX is cheaper at 0.45% per year. On volatility, BFIX has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BFIX or RISR?

Over the 3-year period, RISR has performed better with a 10.07% return vs 7.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BFIX or RISR?

BFIX is cheaper with a 0.45% expense ratio, compared with 1.13% for RISR.

Which ETF pays a higher dividend yield, BFIX or RISR?

RISR has the higher dividend yield at 5.88%, compared with 3.50% for BFIX.

What is the main difference between BFIX and RISR?

BFIX is categorized as Intermediate Core Bond, while RISR is Nontraditional Bonds. They also come from different issuers: Build and FolioBeyond. Their fees differ too: 0.45% for BFIX and 1.13% for RISR.

Which has better risk-adjusted returns?

RISR currently has the higher Sharpe Ratio (1.20 vs 1.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.