CPII vs. RISR

Last updated Apr 1, 2026

Compare and contrast key facts about Ionic Inflation Protection ETF (CPII) and FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR).

CPII and RISR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CPII is an actively managed fund by Ionic. It was launched on Jun 28, 2022. RISR is an actively managed fund by FolioBeyond. It was launched on Sep 30, 2021.

Performance

CPII vs. RISR - Performance Comparison

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

CPII vs. RISR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CPII Ionic Inflation Protection ETF	1.67%	2.76%	6.05%	1.79%	1.22%
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	1.82%	4.63%	24.20%	7.02%	-0.46%

Returns By Period

In the year-to-date period, CPII achieves a 1.67% return, which is significantly lower than RISR's 1.82% return.

CPII

• 1D: -0.16%
• 1M: 1.19%
• YTD: 1.67%
• 6M: 0.95%
• 1Y: 2.10%
• 3Y*: 3.99%
• 5Y*: —
• 10Y*: —

RISR

• 1D: 0.00%
• 1M: 2.31%
• YTD: 1.82%
• 6M: 4.10%
• 1Y: 5.75%
• 3Y*: 12.13%
• 5Y*: —
• 10Y*: —

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

CPII vs. RISR - Expense Ratio Comparison

CPII has a 0.74% expense ratio, which is lower than RISR's 1.13% expense ratio.

RISR

FolioBeyond Alternative Income and Interest Rate Hedge ETF

CPII

Ionic Inflation Protection ETF

Return for Risk

CPII vs. RISR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CPII

CPII Risk / Return Rank: 34
CPII Sharpe Ratio Rank: 29
CPII Sortino Ratio Rank: 27
CPII Omega Ratio Rank: 26
CPII Calmar Ratio Rank: 53
CPII Martin Ratio Rank: 33

RISR

RISR Risk / Return Rank: 55
RISR Sharpe Ratio Rank: 52
RISR Sortino Ratio Rank: 51
RISR Omega Ratio Rank: 46
RISR Calmar Ratio Rank: 78
RISR Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CPII vs. RISR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ionic Inflation Protection ETF (CPII) 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.

	CPII	RISR	Difference
Sharpe ratio Return per unit of total volatility	0.54	0.90	-0.36
Sortino ratio Return per unit of downside risk	0.79	1.30	-0.51
Omega ratio Gain probability vs. loss probability	1.11	1.17	-0.06
Calmar ratio Return relative to maximum drawdown	1.36	2.02	-0.66
Martin ratio Return relative to average drawdown	3.02	4.31	-1.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPII vs. RISR - Sharpe Ratio Comparison

The current CPII Sharpe Ratio is 0.54, which is lower than the RISR Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of CPII and RISR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CPII	RISR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	0.90	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	1.25	-0.65

Correlation

The correlation between CPII and RISR is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CPII vs. RISR - Dividend Comparison

CPII's dividend yield for the trailing twelve months is around 4.03%, less than RISR's 5.93% yield.

	TTM	2025	2024	2023	2022	2021
CPII Ionic Inflation Protection ETF	4.03%	4.20%	5.47%	5.86%	2.21%	0.00%
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	5.93%	5.95%	5.67%	7.96%	4.26%	0.30%

Drawdowns

CPII vs. RISR - Drawdown Comparison

The maximum CPII drawdown since its inception was -6.40%, smaller than the maximum RISR drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for CPII and RISR.

Drawdown Indicators

	CPII	RISR	Difference
Max Drawdown Largest peak-to-trough decline	-6.40%	-14.31%	+7.91%
Max Drawdown (1Y) Largest decline over 1 year	-1.62%	-2.61%	+0.99%
Current Drawdown Current decline from peak	-1.06%	-0.33%	-0.73%
Average Drawdown Average peak-to-trough decline	-1.67%	-2.26%	+0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	1.22%	-0.49%

Volatility

CPII vs. RISR - Volatility Comparison

Ionic Inflation Protection ETF (CPII) and FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) have volatilities of 2.03% and 2.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPII	RISR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.03%	2.05%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	2.44%	4.04%	-1.60%
Volatility (1Y) Calculated over the trailing 1-year period	3.92%	6.46%	-2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.02%	12.04%	-6.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.02%	12.04%	-6.02%