GOLY vs. RISR

Last updated Jun 4, 2026

GOLY (Strategy Shares Gold-Hedged Bond ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both Nontraditional Bonds funds. GOLY is passively managed, while RISR is actively managed. Over the past 3 years, GOLY returned 17.40%/yr vs 10.78%/yr for RISR. At a correlation of -0.31, they often move in opposite directions. GOLY charges 0.79%/yr vs 1.13%/yr for RISR.

Performance

GOLY vs. RISR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategy Shares Gold-Hedged Bond ETF (GOLY) 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, GOLY achieves a -19.06% return, which is significantly lower than RISR's 2.78% return.

GOLY

• 1D: -1.46%
• 1M: -1.57%
• YTD: -19.06%
• 6M: -16.22%
• 1Y: 3.60%
• 3Y*: 17.40%
• 5Y*: 6.03%
• 10Y*: —

RISR

• 1D: 0.14%
• 1M: -0.44%
• YTD: 2.78%
• 6M: 3.60%
• 1Y: 4.20%
• 3Y*: 10.78%
• 5Y*: —
• 10Y*: —

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

GOLY vs. RISR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GOLY Strategy Shares Gold-Hedged Bond ETF	-19.06%	57.98%	19.82%	12.74%	-19.96%	3.31%
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	2.78%	4.63%	24.20%	7.02%	31.98%	0.02%

Correlation

The correlation between GOLY and RISR is -0.23, 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	-0.23
Correlation (3Y) Calculated over the trailing 3-year period	-0.25
Correlation (All Time) Calculated using the full available price history since Oct 4, 2021	-0.31

Return for Risk

GOLY vs. RISR — Risk / Return Rank

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

GOLY

GOLY Risk / Return Rank: 10
GOLY Sharpe Ratio Rank: 10
GOLY Sortino Ratio Rank: 10
GOLY Omega Ratio Rank: 11
GOLY Calmar Ratio Rank: 10
GOLY Martin Ratio Rank: 10

RISR

RISR Risk / Return Rank: 25
RISR Sharpe Ratio Rank: 22
RISR Sortino Ratio Rank: 21
RISR Omega Ratio Rank: 21
RISR Calmar Ratio Rank: 33
RISR Martin Ratio Rank: 27

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.

GOLY vs. RISR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) 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.

	GOLY	RISR	Difference
Sharpe ratio: Return per unit of total volatility	0.11	0.78	-0.67
Sortino ratio: Return per unit of downside risk	0.36	1.13	-0.78
Omega ratio: Gain probability vs. loss probability	1.05	1.14	-0.08
Calmar ratio: Return relative to maximum drawdown	0.12	1.62	-1.50
Martin ratio: Return relative to average drawdown	0.28	3.81	-3.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOLY vs. RISR - Sharpe Ratio Comparison

The current GOLY Sharpe Ratio is 0.11, which is lower than the RISR Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of GOLY 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.

Sharpe Ratios by Period

	GOLY	RISR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.11	0.78	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	1.24	-0.95

Drawdowns

GOLY vs. RISR - Drawdown Comparison

The maximum GOLY drawdown since its inception was -35.99%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for GOLY and RISR.

Drawdown Indicators

	GOLY	RISR	Difference
Max Drawdown Largest peak-to-trough decline	-35.99%	-14.31%	-21.68%
Max Drawdown (1Y) Largest decline over 1 year	-30.16%	-2.61%	-27.55%
Max Drawdown (3Y) Largest decline over 3 years	-30.16%	-8.07%	-22.09%
Max Drawdown (5Y) Largest decline over 5 years	-35.99%	—	—
Current Drawdown Current decline from peak	-30.16%	-0.71%	-29.45%
Average Drawdown Average peak-to-trough decline	-11.86%	-2.19%	-9.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.99%	1.11%	+11.88%

Volatility

GOLY vs. RISR - Volatility Comparison

Strategy Shares Gold-Hedged Bond ETF (GOLY) has a higher volatility of 6.64% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.27%. This indicates that GOLY'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

	GOLY	RISR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	1.27%	+5.37%
Volatility (6M) Calculated over the trailing 6-month period	29.51%	4.09%	+25.42%
Volatility (1Y) Calculated over the trailing 1-year period	32.89%	5.44%	+27.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.30%	11.85%	+10.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.21%	11.85%	+10.36%

GOLY vs. RISR - Expense Ratio Comparison

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

Dividends

GOLY vs. RISR - Dividend Comparison

GOLY's dividend yield for the trailing twelve months is around 9.74%, more than RISR's 5.93% yield.

Position	TTM	2025	2024	2023	2022	2021
GOLY Strategy Shares Gold-Hedged Bond ETF	9.74%	7.22%	3.85%	2.94%	2.57%	1.11%
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	5.93%	5.95%	5.67%	7.96%	4.26%	0.30%

Frequently Asked Questions

Can I hold both GOLY and RISR in my portfolio?

GOLY and RISR have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOLY or RISR?

GOLY has higher volatility (6.64%) compared to RISR (1.27%). In terms of maximum drawdown, GOLY dropped -35.99% vs RISR's -14.31%.

Which ETF is better, GOLY or RISR?

On 3-year performance, GOLY leads with 17.40% vs 10.78% for RISR. On fees, GOLY is cheaper at 0.79% per year. On volatility, RISR has been the lower-risk option at 1.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOLY or RISR?

Over the 3-year period, GOLY has performed better with a 17.40% return vs 10.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOLY or RISR?

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

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

GOLY has the higher dividend yield at 9.74%, compared with 5.93% for RISR.

What is the main difference between GOLY and RISR?

They also come from different issuers: Strategy Shares and FolioBeyond. Their fees differ too: 0.79% for GOLY and 1.13% for RISR.

Which has better risk-adjusted returns?

RISR currently has the higher Sharpe Ratio (0.78 vs 0.11), 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.