BHYB vs. RISR
BHYB (Xtrackers USD High Yield BB-B ex Financials ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - BHYB is a High Yield Bonds fund tracking the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. BHYB is passively managed, while RISR is actively managed. Over the past year, BHYB returned 5.71% vs 6.45% for RISR. Their -0.30 correlation means they have often moved in opposite directions in the past. BHYB charges 0.20%/yr vs 1.13%/yr for RISR.
Performance
BHYB vs. RISR - Performance Comparison
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Returns By Period
In the year-to-date period, BHYB achieves a 2.00% return, which is significantly lower than RISR's 4.91% return.
BHYB
- 1D
- 0.10%
- 1M
- -0.06%
- 6M
- 1.40%
- YTD
- 2.00%
- 1Y
- 5.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.34%
RISR
- 1D
- 0.23%
- 1M
- 1.62%
- 6M
- 5.38%
- YTD
- 4.91%
- 1Y
- 6.45%
- 3Y*
- 10.84%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $20.98M | $10.04M | $9.98M | |
| $3.11M | $2.99M | $3.46M |
BHYB vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2.00% | 8.90% | 6.44% | 8.23% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 4.91% | 4.63% | 24.20% | -6.50% |
Correlation
The correlation between BHYB and RISR is -0.25, 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. | -0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | -0.30 |
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Return for Risk
BHYB vs. RISR — Risk / Return Rank
BHYB
RISR
BHYB vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) 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.
| BHYB | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.20 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.28 | +0.25 |
| Martin ratioReturn relative to average drawdown | 11.52 | 5.46 | +6.07 |
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Drawdowns
BHYB vs. RISR - Drawdown Comparison
The maximum BHYB drawdown since its inception was -4.23%, smaller than the maximum RISR drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for BHYB and RISR.
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Drawdown Indicators
| BHYB | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -14.31% | +10.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -2.61% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.07% | — |
Current DrawdownCurrent decline from peak | -0.28% | 0.00% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -2.12% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 1.09% | -0.59% |
Volatility
BHYB vs. RISR - Volatility Comparison
The current volatility for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) is 0.65%, while FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) has a volatility of 1.10%. This indicates that BHYB 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.
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Volatility by Period
| BHYB | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 1.10% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 3.56% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 5.27% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.61% | 11.67% | -7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.61% | 11.67% | -7.06% |
BHYB vs. RISR - Expense Ratio Comparison
BHYB has a 0.20% expense ratio, which is lower than RISR's 1.13% expense ratio.
Dividends
BHYB vs. RISR - Dividend Comparison
BHYB's dividend yield for the trailing twelve months is around 6.33%, more than RISR's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 5.76% | 6.57% | 7.04% | 0.75% | 0.00% | 0.00% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 5.87% | 5.95% | 5.67% | 7.96% | 4.26% | 0.30% |
Frequently Asked Questions
BHYB and RISR have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RISR has higher volatility (1.10%) compared to BHYB (0.65%). In terms of maximum drawdown, BHYB dropped -4.23% vs RISR's -14.31%.
On 1-year performance, RISR leads with 6.45% vs 5.71% for BHYB. On fees, BHYB is cheaper at 0.20% per year. On volatility, BHYB has been the lower-risk option at 0.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RISR has performed better with a 6.45% return vs 5.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BHYB is cheaper with a 0.20% expense ratio, compared with 1.13% for RISR.
RISR has the higher dividend yield at 5.87%, compared with 5.76% for BHYB.
BHYB is categorized as High Yield Bonds, while RISR is Nontraditional Bonds. They also come from different issuers: Xtrackers and FolioBeyond. Their fees differ too: 0.20% for BHYB and 1.13% for RISR.
BHYB currently has the higher Sharpe Ratio (1.69 vs 1.13), 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.
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