FRDM vs. RISR

Last updated Jun 15, 2026

FRDM (Freedom 100 Emerging Markets ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - FRDM is a Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. FRDM is passively managed, while RISR is actively managed. Over the past 3 years, FRDM returned 34.29%/yr vs 10.98%/yr for RISR. At a correlation of -0.11, they often move in opposite directions. FRDM charges 0.49%/yr vs 1.13%/yr for RISR.

Performance

FRDM vs. RISR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Freedom 100 Emerging Markets ETF (FRDM) 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, FRDM achieves a 40.13% return, which is significantly higher than RISR's 3.07% return.

FRDM

• 1D: 0.49%
• 1M: 9.04%
• YTD: 40.13%
• 6M: 46.37%
• 1Y: 87.32%
• 3Y*: 34.29%
• 5Y*: 18.68%
• 10Y*: —

RISR

• 1D: -0.18%
• 1M: -0.33%
• YTD: 3.07%
• 6M: 3.20%
• 1Y: 5.26%
• 3Y*: 10.98%
• 5Y*: —
• 10Y*: —

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

FRDM vs. RISR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FRDM Freedom 100 Emerging Markets ETF	40.13%	61.27%	1.70%	22.77%	-14.45%	2.31%
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	3.07%	4.63%	24.20%	7.02%	31.98%	-0.04%

Correlation

The correlation between FRDM and RISR is -0.20, 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	-0.20
Correlation (3Y) Calculated over the trailing 3-year period	-0.16
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021	-0.11

Return for Risk

FRDM vs. RISR — Risk / Return Rank

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

FRDM

FRDM Risk / Return Rank: 92
FRDM Sharpe Ratio Rank: 94
FRDM Sortino Ratio Rank: 90
FRDM Omega Ratio Rank: 92
FRDM Calmar Ratio Rank: 91
FRDM Martin Ratio Rank: 91

RISR

RISR Risk / Return Rank: 31
RISR Sharpe Ratio Rank: 27
RISR Sortino Ratio Rank: 26
RISR Omega Ratio Rank: 25
RISR Calmar Ratio Rank: 42
RISR Martin Ratio Rank: 33

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.

FRDM vs. RISR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Freedom 100 Emerging Markets ETF (FRDM) 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.

	FRDM	RISR	Difference
Sharpe ratio: Return per unit of total volatility	3.15	0.87	+2.28
Sortino ratio: Return per unit of downside risk	3.68	1.28	+2.40
Omega ratio: Gain probability vs. loss probability	1.54	1.15	+0.39
Calmar ratio: Return relative to maximum drawdown	5.02	1.83	+3.19
Martin ratio: Return relative to average drawdown	19.36	4.33	+15.03

FRDM vs. RISR - Sharpe Ratio Comparison

The current FRDM Sharpe Ratio is 3.15, which is higher than the RISR Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of FRDM 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

FRDM vs. RISR - Drawdown Comparison

The maximum FRDM drawdown since its inception was -40.49%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for FRDM and RISR.

Drawdown Indicators

	FRDM	RISR	Difference
Max Drawdown Largest peak-to-trough decline	-40.49%	-14.31%	-26.18%
Max Drawdown (1Y) Largest decline over 1 year	-16.87%	-2.61%	-14.26%
Max Drawdown (3Y) Largest decline over 3 years	-16.87%	-8.07%	-8.80%
Max Drawdown (5Y) Largest decline over 5 years	-29.25%	—	—
Current Drawdown Current decline from peak	-4.36%	-0.44%	-3.92%
Average Drawdown Average peak-to-trough decline	-7.09%	-2.17%	-4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	1.10%	+3.27%

Volatility

FRDM vs. RISR - Volatility Comparison

Freedom 100 Emerging Markets ETF (FRDM) has a higher volatility of 14.27% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.30%. This indicates that FRDM'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

	FRDM	RISR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.27%	1.30%	+12.97%
Volatility (6M) Calculated over the trailing 6-month period	24.39%	3.98%	+20.41%
Volatility (1Y) Calculated over the trailing 1-year period	26.86%	5.45%	+21.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.35%	11.82%	+9.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.09%	11.82%	+11.27%

FRDM vs. RISR - Expense Ratio Comparison

FRDM has a 0.49% expense ratio, which is lower than RISR's 1.13% expense ratio.

Dividends

FRDM vs. RISR - Dividend Comparison

FRDM's dividend yield for the trailing twelve months is around 1.56%, less than RISR's 5.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FRDM Freedom 100 Emerging Markets ETF	1.56%	2.26%	2.53%	2.66%	2.72%	2.17%	1.11%	1.07%
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	5.91%	5.95%	5.67%	7.96%	4.26%	0.30%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FRDM and RISR in my portfolio?

FRDM and RISR have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FRDM or RISR?

FRDM has higher volatility (14.27%) compared to RISR (1.30%). In terms of maximum drawdown, FRDM dropped -40.49% vs RISR's -14.31%.

Which ETF is better, FRDM or RISR?

On 3-year performance, FRDM leads with 34.29% vs 10.98% for RISR. On fees, FRDM is cheaper at 0.49% per year. On volatility, RISR has been the lower-risk option at 1.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FRDM or RISR?

Over the 3-year period, FRDM has performed better with a 34.29% return vs 10.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FRDM or RISR?

FRDM is cheaper with a 0.49% expense ratio, compared with 1.13% for RISR.

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

RISR has the higher dividend yield at 5.91%, compared with 1.56% for FRDM.

What is the main difference between FRDM and RISR?

FRDM is categorized as Emerging Markets Diversified, while RISR is Nontraditional Bonds. They also come from different issuers: Freedom Funds and FolioBeyond. Their fees differ too: 0.49% for FRDM and 1.13% for RISR.

Which has better risk-adjusted returns?

FRDM currently has the higher Sharpe Ratio (3.15 vs 0.87), 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.