DEFR vs. RBIL

Last updated Jun 25, 2026

DEFR (Aptus Deferred Income ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - DEFR is a Intermediate Core-Plus Bond fund actively managed by Aptus, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. DEFR is actively managed, while RBIL is passively managed. Over the past year, DEFR returned 4.53% vs 4.11% for RBIL. At a correlation of -0.17, they often move in opposite directions. DEFR charges 0.79%/yr vs 0.17%/yr for RBIL.

Performance

DEFR vs. RBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Deferred Income ETF (DEFR) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEFR achieves a -0.15% return, which is significantly lower than RBIL's 2.26% return.

DEFR

• 1D: 0.41%
• 1M: 0.83%
• YTD: -0.15%
• 6M: -0.30%
• 1Y: 4.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RBIL

• 1D: -0.06%
• 1M: -0.25%
• YTD: 2.26%
• 6M: 2.29%
• 1Y: 4.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DEFR vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
DEFR Aptus Deferred Income ETF	-0.15%	6.80%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.26%	2.03%

Correlation

The correlation between DEFR and RBIL is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (All Time) Calculated using the full available price history since May 14, 2025	-0.17

Return for Risk

DEFR vs. RBIL — Risk / Return Rank

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

DEFR

DEFR Risk / Return Rank: 25
DEFR Sharpe Ratio Rank: 27
DEFR Sortino Ratio Rank: 25
DEFR Omega Ratio Rank: 25
DEFR Calmar Ratio Rank: 26
DEFR Martin Ratio Rank: 25

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 97
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 96
RBIL Martin Ratio Rank: 97

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.

DEFR vs. RBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Deferred Income ETF (DEFR) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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.

	DEFR	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	0.88	4.40	-3.52
Sortino ratio: Return per unit of downside risk	1.27	6.79	-5.52
Omega ratio: Gain probability vs. loss probability	1.16	2.15	-0.99
Calmar ratio: Return relative to maximum drawdown	1.17	7.33	-6.16
Martin ratio: Return relative to average drawdown	2.96	40.56	-37.60

DEFR vs. RBIL - Sharpe Ratio Comparison

The current DEFR Sharpe Ratio is 0.88, which is lower than the RBIL Sharpe Ratio of 4.40. The chart below compares the historical Sharpe Ratios of DEFR and RBIL, 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

DEFR vs. RBIL - Drawdown Comparison

The maximum DEFR drawdown since its inception was -3.90%, which is greater than RBIL's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for DEFR and RBIL.

Drawdown Indicators

	DEFR	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-3.90%	-0.56%	-3.34%
Max Drawdown (1Y) Largest decline over 1 year	-3.90%	-0.56%	-3.34%
Current Drawdown Current decline from peak	-2.45%	-0.56%	-1.89%
Average Drawdown Average peak-to-trough decline	-1.02%	-0.07%	-0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	0.10%	+1.44%

Volatility

DEFR vs. RBIL - Volatility Comparison

Aptus Deferred Income ETF (DEFR) has a higher volatility of 1.61% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.36%. This indicates that DEFR's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEFR	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	0.36%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	3.50%	0.85%	+2.65%
Volatility (1Y) Calculated over the trailing 1-year period	5.17%	0.94%	+4.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.34%	1.07%	+4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.34%	1.07%	+4.27%

DEFR vs. RBIL - Expense Ratio Comparison

DEFR has a 0.79% expense ratio, which is higher than RBIL's 0.17% expense ratio.

Dividends

DEFR vs. RBIL - Dividend Comparison

DEFR has not paid dividends to shareholders, while RBIL's dividend yield for the trailing twelve months is around 4.39%.

Position	TTM	2025
DEFR Aptus Deferred Income ETF	0.00%	0.00%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.39%	3.65%

Frequently Asked Questions

Can I hold both DEFR and RBIL in my portfolio?

DEFR and RBIL 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.

Which is riskier, DEFR or RBIL?

DEFR has higher volatility (1.61%) compared to RBIL (0.36%). In terms of maximum drawdown, DEFR dropped -3.90% vs RBIL's -0.56%.

Which ETF is better, DEFR or RBIL?

On 1-year performance, DEFR leads with 4.53% vs 4.11% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DEFR or RBIL?

Over the 1-year period, DEFR has performed better with a 4.53% return vs 4.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEFR or RBIL?

RBIL is cheaper with a 0.17% expense ratio, compared with 0.79% for DEFR.

Which ETF pays a higher dividend yield, DEFR or RBIL?

RBIL has the higher dividend yield at 4.39%, compared with 0.00% for DEFR.

What is the main difference between DEFR and RBIL?

DEFR is categorized as Intermediate Core-Plus Bond, while RBIL is Inflation-Protected Bonds. They also come from different issuers: Aptus and F/m. Their fees differ too: 0.79% for DEFR and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.40 vs 0.88), 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.