DEFR vs. RISR

Last updated Aug 4, 2026

DEFR (Aptus Deferred Income ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - DEFR is a Intermediate Core-Plus Bond fund actively managed by Aptus, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. Both are actively managed. Over the past year, DEFR returned 3.04% vs 6.29% for RISR. Their -0.30 correlation means they have often moved in opposite directions in the past. DEFR charges 0.79%/yr vs 1.13%/yr for RISR.

Performance

DEFR vs. RISR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Deferred Income ETF (DEFR) 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, DEFR achieves a -0.51% return, which is significantly lower than RISR's 4.75% return.

DEFR

• 1D: 0.40%
• 1M: -0.45%
• 6M: -0.49%
• YTD: -0.51%
• 1Y: 3.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.10%

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)
DEFR Aptus Deferred Income ETF	$436.74K	$502.40K	$592.65K
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	$3.20M	$3.07M	$3.51M

DEFR vs. RISR - Yearly Performance Comparison

	2026 (YTD)	2025
DEFR Aptus Deferred Income ETF	-0.51%	6.80%
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	4.75%	2.20%

Correlation

The correlation between DEFR and RISR is -0.30, 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.	-0.30
Correlation (All Time) Calculated using the full available price history since May 14, 2025	-0.30

Return for Risk

DEFR vs. RISR — Risk / Return Rank

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

DEFR

DEFR Risk / Return Rank: 24
DEFR Sharpe Ratio Rank: 25
DEFR Sortino Ratio Rank: 23
DEFR Omega Ratio Rank: 23
DEFR Calmar Ratio Rank: 24
DEFR Martin Ratio Rank: 22

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.

DEFR vs. RISR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Deferred Income ETF (DEFR) 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.

	DEFR	RISR	Difference
Sharpe ratio: Return per unit of total volatility	0.63	1.20	-0.58
Sortino ratio: Return per unit of downside risk	0.91	1.76	-0.85
Omega ratio: Gain probability vs. loss probability	1.11	1.22	-0.11
Calmar ratio: Return relative to maximum drawdown	0.78	2.42	-1.64
Martin ratio: Return relative to average drawdown	1.73	5.79	-4.06

DEFR vs. RISR - Sharpe Ratio Comparison

The current DEFR Sharpe Ratio is 0.63, which is lower than the RISR Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of DEFR 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

DEFR vs. RISR - Drawdown Comparison

The maximum DEFR drawdown since its inception was -3.90%, smaller than the maximum RISR drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for DEFR and RISR.

Drawdown Indicators

	DEFR	RISR	Difference
Max Drawdown Largest peak-to-trough decline	-3.90%	-14.31%	+10.41%
Max Drawdown (1Y) Largest decline over 1 year	-3.90%	-2.61%	-1.29%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.07%	—
Current Drawdown Current decline from peak	-2.80%	-0.15%	-2.65%
Average Drawdown Average peak-to-trough decline	-1.16%	-2.12%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	1.09%	+0.67%

Volatility

DEFR vs. RISR - Volatility Comparison

Aptus Deferred Income ETF (DEFR) has a higher volatility of 1.28% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.13%. This indicates that DEFR'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

	DEFR	RISR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	1.13%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	3.46%	3.57%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	4.90%	5.25%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.24%	11.67%	-6.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.24%	11.67%	-6.43%

DEFR vs. RISR - Expense Ratio Comparison

DEFR has a 0.79% expense ratio, which is lower than RISR's 1.13% expense ratio.

Dividends

DEFR vs. RISR - Dividend Comparison

DEFR has not paid dividends to shareholders, while RISR's dividend yield for the trailing twelve months is around 5.88%.

Position	TTM	2025	2024	2023	2022	2021
DEFR Aptus Deferred Income ETF	0.00%	0.00%	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 DEFR and RISR in my portfolio?

DEFR and RISR have a correlation of -0.30, 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 RISR?

DEFR has higher volatility (1.28%) compared to RISR (1.13%). In terms of maximum drawdown, DEFR dropped -3.90% vs RISR's -14.31%.

Which ETF is better, DEFR or RISR?

On 1-year performance, RISR leads with 6.29% vs 3.04% for DEFR. On fees, DEFR is cheaper at 0.79% 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, DEFR or RISR?

Over the 1-year period, RISR has performed better with a 6.29% return vs 3.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEFR or RISR?

DEFR is cheaper with a 0.79% expense ratio, compared with 1.13% for RISR.

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

RISR has the higher dividend yield at 5.88%, compared with 0.00% for DEFR.

What is the main difference between DEFR and RISR?

DEFR is categorized as Intermediate Core-Plus Bond, while RISR is Nontraditional Bonds. They also come from different issuers: Aptus and FolioBeyond. Their fees differ too: 0.79% for DEFR and 1.13% for RISR.

Which has better risk-adjusted returns?

RISR currently has the higher Sharpe Ratio (1.20 vs 0.63), 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.