ECNS vs. RISR
ECNS (iShares MSCI China Small-Cap ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - ECNS is a China Equities fund tracking the MSCI China Small Cap Index, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. ECNS is passively managed, while RISR is actively managed. Over the past 3 years, ECNS returned 3.54%/yr vs 10.07%/yr for RISR. Their -0.03 correlation means they have often moved in opposite directions in the past. ECNS charges 0.59%/yr vs 1.13%/yr for RISR.
Performance
ECNS vs. RISR - Performance Comparison
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Returns By Period
In the year-to-date period, ECNS achieves a -10.84% return, which is significantly lower than RISR's 4.75% return.
ECNS
- 1D
- -0.28%
- 1M
- 1.48%
- 6M
- -15.13%
- YTD
- -10.84%
- 1Y
- -10.63%
- 3Y*
- 3.54%
- 5Y*
- -7.01%
- 10Y*
- 0.89%
- ALL TIME*
- 0.21%
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) |
|---|---|---|---|
| $217.02K | $210.44K | $354.53K | |
| $3.20M | $3.07M | $3.51M |
ECNS vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ECNS iShares MSCI China Small-Cap ETF | -10.84% | 36.49% | 5.64% | -23.05% | -24.58% | -2.33% |
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 ECNS and RISR is -0.17, 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. | -0.17 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | -0.03 |
The correlation between ECNS and RISR shifts across timeframes, from -0.17 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ECNS vs. RISR — Risk / Return Rank
ECNS
RISR
ECNS vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Small-Cap ETF (ECNS) 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.
| ECNS | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.22 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 2.42 | -2.84 |
| Martin ratioReturn relative to average drawdown | -0.82 | 5.79 | -6.61 |
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Drawdowns
ECNS vs. RISR - Drawdown Comparison
The maximum ECNS drawdown since its inception was -63.43%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for ECNS and RISR.
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Drawdown Indicators
| ECNS | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.43% | -14.31% | -49.12% |
Max Drawdown (1Y)Largest decline over 1 year | -25.73% | -2.61% | -23.12% |
Max Drawdown (3Y)Largest decline over 3 years | -29.29% | -8.07% | -21.22% |
Max Drawdown (5Y)Largest decline over 5 years | -57.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.43% | — | — |
Current DrawdownCurrent decline from peak | -42.60% | -0.15% | -42.45% |
Average DrawdownAverage peak-to-trough decline | -29.51% | -2.12% | -27.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.01% | 1.09% | +11.92% |
Volatility
ECNS vs. RISR - Volatility Comparison
iShares MSCI China Small-Cap ETF (ECNS) has a higher volatility of 6.37% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.13%. This indicates that ECNS'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.
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Volatility by Period
| ECNS | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 1.13% | +5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 14.27% | 3.57% | +10.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.87% | 5.25% | +15.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.09% | 11.67% | +17.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.82% | 11.67% | +14.15% |
ECNS vs. RISR - Expense Ratio Comparison
ECNS has a 0.59% expense ratio, which is lower than RISR's 1.13% expense ratio.
Dividends
ECNS vs. RISR - Dividend Comparison
ECNS's dividend yield for the trailing twelve months is around 6.60%, more than RISR's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECNS iShares MSCI China Small-Cap ETF | 6.60% | 6.20% | 5.98% | 4.89% | 3.54% | 4.87% | 3.59% | 3.23% | 6.16% | 3.18% | 4.29% | 3.58% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ECNS and RISR have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECNS has higher volatility (6.37%) compared to RISR (1.13%). In terms of maximum drawdown, ECNS dropped -63.43% vs RISR's -14.31%.
On 3-year performance, RISR leads with 10.07% vs 3.54% for ECNS. On fees, ECNS is cheaper at 0.59% 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.
Over the 3-year period, RISR has performed better with a 10.07% return vs 3.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ECNS is cheaper with a 0.59% expense ratio, compared with 1.13% for RISR.
ECNS has the higher dividend yield at 6.60%, compared with 5.88% for RISR.
ECNS is categorized as China Equities, while RISR is Nontraditional Bonds. They also come from different issuers: iShares and FolioBeyond. Their fees differ too: 0.59% for ECNS and 1.13% for RISR.
RISR currently has the higher Sharpe Ratio (1.20 vs -0.51), 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.
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