BSMQ vs. RISR
BSMQ (Invesco BulletShares 2026 Municipal Bond ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - BSMQ is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2026 Index, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. BSMQ is passively managed, while RISR is actively managed. Over the past 3 years, BSMQ returned 3.04%/yr vs 10.07%/yr for RISR. Their -0.31 correlation means they have often moved in opposite directions in the past. BSMQ charges 0.18%/yr vs 1.13%/yr for RISR.
Performance
BSMQ vs. RISR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BSMQ achieves a 1.17% return, which is significantly lower than RISR's 4.75% return.
BSMQ
- 1D
- -0.04%
- 1M
- 0.16%
- 6M
- 0.98%
- YTD
- 1.17%
- 1Y
- 2.89%
- 3Y*
- 3.04%
- 5Y*
- 0.24%
- 10Y*
- —
- ALL TIME*
- 1.21%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $709.45K | $1.45M | $1.55M | |
| $3.20M | $3.07M | $3.51M |
BSMQ vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSMQ Invesco BulletShares 2026 Municipal Bond ETF | 1.17% | 3.12% | 1.99% | 3.60% | -7.62% | 0.19% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 4.75% | 4.63% | 24.20% | 7.02% | 31.98% | -0.04% |
Correlation
The correlation between BSMQ and RISR is -0.15, 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. | -0.15 |
Correlation (3Y) Balances recent behavior with more history. | -0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | -0.31 |
The correlation between BSMQ and RISR shifts across timeframes, from -0.31 (all time) to -0.15 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BSMQ vs. RISR — Risk / Return Rank
BSMQ
RISR
BSMQ vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) 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.
| BSMQ | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.22 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 9.81 | 2.42 | +7.39 |
| Martin ratioReturn relative to average drawdown | 26.08 | 5.79 | +20.29 |
Loading charts...
Drawdowns
BSMQ vs. RISR - Drawdown Comparison
The maximum BSMQ drawdown since its inception was -13.18%, smaller than the maximum RISR drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for BSMQ and RISR.
Loading charts...
Drawdown Indicators
| BSMQ | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.18% | -14.31% | +1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -2.61% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -2.05% | -8.07% | +6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -11.50% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | -0.15% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -2.12% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 1.09% | -0.98% |
Volatility
BSMQ vs. RISR - Volatility Comparison
The current volatility for Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) is 0.26%, while FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) has a volatility of 1.13%. This indicates that BSMQ 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.
Loading charts...
Volatility by Period
| BSMQ | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | 1.13% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 3.57% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 5.25% | -3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.65% | 11.67% | -9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 11.67% | -6.94% |
BSMQ vs. RISR - Expense Ratio Comparison
BSMQ has a 0.18% expense ratio, which is lower than RISR's 1.13% expense ratio.
Dividends
BSMQ vs. RISR - Dividend Comparison
BSMQ's dividend yield for the trailing twelve months is around 2.75%, less than RISR's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSMQ Invesco BulletShares 2026 Municipal Bond ETF | 2.75% | 2.74% | 2.75% | 2.47% | 1.60% | 1.14% | 1.57% | 0.44% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 5.88% | 5.95% | 5.67% | 7.96% | 4.26% | 0.30% | 0.00% | 0.00% |
Frequently Asked Questions
BSMQ and RISR have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RISR has higher volatility (1.13%) compared to BSMQ (0.26%). In terms of maximum drawdown, BSMQ dropped -13.18% vs RISR's -14.31%.
On 3-year performance, RISR leads with 10.07% vs 3.04% for BSMQ. On fees, BSMQ is cheaper at 0.18% per year. On volatility, BSMQ has been the lower-risk option at 0.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RISR has performed better with a 10.07% return vs 3.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMQ is cheaper with a 0.18% expense ratio, compared with 1.13% for RISR.
RISR has the higher dividend yield at 5.88%, compared with 2.75% for BSMQ.
BSMQ is categorized as Municipal Bonds, while RISR is Nontraditional Bonds. They also come from different issuers: Invesco and FolioBeyond. Their fees differ too: 0.18% for BSMQ and 1.13% for RISR.
BSMQ currently has the higher Sharpe Ratio (2.24 vs 1.20), 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.
Find the right allocation for BSMQ and RISR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer