IAI vs. RISR
IAI (iShares U.S. Broker-Dealers & Securities Exchanges ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - IAI is a Financials Equities fund tracking the Dow Jones U.S. Select Investment Services Index, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. IAI is passively managed, while RISR is actively managed. Over the past 3 years, IAI returned 26.32%/yr vs 10.07%/yr for RISR. Their -0.04 correlation means they have often moved in opposite directions in the past. IAI charges 0.38%/yr vs 1.13%/yr for RISR.
Performance
IAI vs. RISR - Performance Comparison
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Returns By Period
In the year-to-date period, IAI achieves a 5.15% return, which is significantly higher than RISR's 4.75% return.
IAI
- 1D
- 0.57%
- 1M
- 1.65%
- 6M
- 1.99%
- YTD
- 5.15%
- 1Y
- 10.86%
- 3Y*
- 26.32%
- 5Y*
- 14.47%
- 10Y*
- 18.54%
- ALL TIME*
- 8.25%
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) |
|---|---|---|---|
| $10.94M | $13.67M | $19.10M | |
| $3.20M | $3.07M | $3.51M |
IAI vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 5.15% | 25.80% | 34.37% | 15.27% | -10.87% | 6.05% |
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 IAI and RISR is -0.24, 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. | -0.24 |
Correlation (3Y) Balances recent behavior with more history. | -0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | -0.04 |
The correlation between IAI and RISR shifts across timeframes, from -0.24 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IAI vs. RISR — Risk / Return Rank
IAI
RISR
IAI vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) 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.
| IAI | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 2.42 | -1.76 |
| Martin ratioReturn relative to average drawdown | 1.83 | 5.79 | -3.96 |
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Drawdowns
IAI vs. RISR - Drawdown Comparison
The maximum IAI drawdown since its inception was -75.46%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for IAI and RISR.
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Drawdown Indicators
| IAI | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.46% | -14.31% | -61.15% |
Max Drawdown (1Y)Largest decline over 1 year | -16.52% | -2.61% | -13.91% |
Max Drawdown (3Y)Largest decline over 3 years | -23.14% | -8.07% | -15.07% |
Max Drawdown (5Y)Largest decline over 5 years | -28.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.38% | — | — |
Current DrawdownCurrent decline from peak | -4.58% | -0.15% | -4.43% |
Average DrawdownAverage peak-to-trough decline | -22.50% | -2.12% | -20.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.96% | 1.09% | +4.87% |
Volatility
IAI vs. RISR - Volatility Comparison
iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) has a higher volatility of 6.40% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.13%. This indicates that IAI'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
| IAI | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 1.13% | +5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 16.12% | 3.57% | +12.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.14% | 5.25% | +14.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 11.67% | +9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.76% | 11.67% | +11.09% |
IAI vs. RISR - Expense Ratio Comparison
IAI has a 0.38% expense ratio, which is lower than RISR's 1.13% expense ratio.
Dividends
IAI vs. RISR - Dividend Comparison
IAI's dividend yield for the trailing twelve months is around 1.09%, less than RISR's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 1.09% | 0.95% | 1.05% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.49% | 1.31% |
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
IAI and RISR have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAI has higher volatility (6.40%) compared to RISR (1.13%). In terms of maximum drawdown, IAI dropped -75.46% vs RISR's -14.31%.
On 3-year performance, IAI leads with 26.32% vs 10.07% for RISR. On fees, IAI is cheaper at 0.38% 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, IAI has performed better with a 26.32% return vs 10.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAI is cheaper with a 0.38% expense ratio, compared with 1.13% for RISR.
RISR has the higher dividend yield at 5.88%, compared with 1.09% for IAI.
IAI is categorized as Financials Equities, while RISR is Nontraditional Bonds. They also come from different issuers: iShares and FolioBeyond. Their fees differ too: 0.38% for IAI and 1.13% for RISR.
RISR currently has the higher Sharpe Ratio (1.20 vs 0.54), 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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