CGMM vs. RISR

Last updated Aug 4, 2026

CGMM (Capital Group U.S. Small and Mid Cap ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - CGMM is a Mid Cap Blend Equities fund actively managed by Capital Group, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. Both are actively managed. Over the past year, CGMM returned 20.81% vs 6.29% for RISR. Their -0.13 correlation means they have often moved in opposite directions in the past. CGMM charges 0.51%/yr vs 1.13%/yr for RISR.

Performance

CGMM vs. RISR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group U.S. Small and Mid Cap ETF (CGMM) 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, CGMM achieves a 12.62% return, which is significantly higher than RISR's 4.75% return.

CGMM

• 1D: 1.60%
• 1M: -0.86%
• 6M: 7.51%
• YTD: 12.62%
• 1Y: 20.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.33%

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)
CGMM Capital Group U.S. Small and Mid Cap ETF	$22.62M	$22.77M	$28.59M
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	$3.20M	$3.07M	$3.51M

CGMM vs. RISR - Yearly Performance Comparison

	2026 (YTD)	2025
CGMM Capital Group U.S. Small and Mid Cap ETF	12.62%	12.15%
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	4.75%	3.84%

Correlation

The correlation between CGMM 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 (All Time) Calculated using the full available price history since Jan 16, 2025	-0.13

Return for Risk

CGMM vs. RISR — Risk / Return Rank

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

CGMM

CGMM Risk / Return Rank: 54
CGMM Sharpe Ratio Rank: 51
CGMM Sortino Ratio Rank: 53
CGMM Omega Ratio Rank: 47
CGMM Calmar Ratio Rank: 56
CGMM Martin Ratio Rank: 62

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.

CGMM vs. RISR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group U.S. Small and Mid Cap ETF (CGMM) 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.

	CGMM	RISR	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.20	+0.10
Sortino ratio: Return per unit of downside risk	1.96	1.76	+0.20
Omega ratio: Gain probability vs. loss probability	1.23	1.22	+0.01
Calmar ratio: Return relative to maximum drawdown	2.07	2.42	-0.35
Martin ratio: Return relative to average drawdown	7.78	5.79	+1.99

CGMM vs. RISR - Sharpe Ratio Comparison

The current CGMM Sharpe Ratio is 1.31, which is comparable to the RISR Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of CGMM 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

CGMM vs. RISR - Drawdown Comparison

The maximum CGMM drawdown since its inception was -21.04%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for CGMM and RISR.

Drawdown Indicators

	CGMM	RISR	Difference
Max Drawdown Largest peak-to-trough decline	-21.04%	-14.31%	-6.73%
Max Drawdown (1Y) Largest decline over 1 year	-10.09%	-2.61%	-7.48%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.07%	—
Current Drawdown Current decline from peak	-1.61%	-0.15%	-1.46%
Average Drawdown Average peak-to-trough decline	-3.07%	-2.12%	-0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	1.09%	+1.59%

Volatility

CGMM vs. RISR - Volatility Comparison

Capital Group U.S. Small and Mid Cap ETF (CGMM) has a higher volatility of 3.95% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.13%. This indicates that CGMM's price experiences larger fluctuations and is considered to be riskier than RISR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGMM	RISR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	1.13%	+2.82%
Volatility (6M) Calculated over the trailing 6-month period	12.03%	3.57%	+8.46%
Volatility (1Y) Calculated over the trailing 1-year period	16.01%	5.25%	+10.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	11.67%	+8.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	11.67%	+8.10%

CGMM vs. RISR - Expense Ratio Comparison

CGMM has a 0.51% expense ratio, which is lower than RISR's 1.13% expense ratio.

Dividends

CGMM vs. RISR - Dividend Comparison

CGMM's dividend yield for the trailing twelve months is around 0.38%, less than RISR's 5.88% yield.

Position	TTM	2025	2024	2023	2022	2021
CGMM Capital Group U.S. Small and Mid Cap ETF	0.38%	0.40%	0.00%	0.00%	0.00%	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 CGMM and RISR in my portfolio?

CGMM 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, CGMM or RISR?

CGMM has higher volatility (3.95%) compared to RISR (1.13%). In terms of maximum drawdown, CGMM dropped -21.04% vs RISR's -14.31%.

Which ETF is better, CGMM or RISR?

On 1-year performance, CGMM leads with 20.81% vs 6.29% for RISR. On fees, CGMM is cheaper at 0.51% per year. On volatility, RISR has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGMM or RISR?

Over the 1-year period, CGMM has performed better with a 20.81% return vs 6.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGMM or RISR?

CGMM is cheaper with a 0.51% expense ratio, compared with 1.13% for RISR.

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

RISR has the higher dividend yield at 5.88%, compared with 0.38% for CGMM.

What is the main difference between CGMM and RISR?

CGMM is categorized as Mid Cap Blend Equities, while RISR is Nontraditional Bonds. They also come from different issuers: Capital Group and FolioBeyond. Their fees differ too: 0.51% for CGMM and 1.13% for RISR.

Which has better risk-adjusted returns?

CGMM currently has the higher Sharpe Ratio (1.31 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.