IBTJ vs. RISR
IBTJ (iShares iBonds Dec 2029 Term Treasury ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - IBTJ is a Government Bonds fund tracking the ICE 2029 Maturity US Treasury Index, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. IBTJ is passively managed, while RISR is actively managed. Over the past 3 years, IBTJ returned 3.81%/yr vs 10.98%/yr for RISR. At a correlation of -0.51, they often move in opposite directions. IBTJ charges 0.07%/yr vs 1.13%/yr for RISR.
Performance
IBTJ vs. RISR - Performance Comparison
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Returns By Period
In the year-to-date period, IBTJ achieves a 0.04% return, which is significantly lower than RISR's 3.07% return.
IBTJ
- 1D
- -0.09%
- 1M
- 0.36%
- YTD
- 0.04%
- 6M
- 0.37%
- 1Y
- 3.40%
- 3Y*
- 3.81%
- 5Y*
- -0.15%
- 10Y*
- —
RISR
- 1D
- -0.18%
- 1M
- -0.33%
- YTD
- 3.07%
- 6M
- 3.20%
- 1Y
- 5.26%
- 3Y*
- 10.98%
- 5Y*
- —
- 10Y*
- —
IBTJ vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 0.04% | 6.89% | 1.82% | 4.49% | -12.45% | -0.12% |
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 IBTJ and RISR is -0.37, 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 | -0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | -0.51 |
The correlation between IBTJ and RISR shifts across timeframes, from -0.51 (all time) to -0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBTJ vs. RISR — Risk / Return Rank
IBTJ
RISR
IBTJ vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) 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.
| IBTJ | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.15 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.83 | +0.19 |
| Martin ratioReturn relative to average drawdown | 5.49 | 4.33 | +1.17 |
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Drawdowns
IBTJ vs. RISR - Drawdown Comparison
The maximum IBTJ drawdown since its inception was -20.19%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for IBTJ and RISR.
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Drawdown Indicators
| IBTJ | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.19% | -14.31% | -5.88% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | -2.61% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -8.07% | +3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -17.21% | — | — |
Current DrawdownCurrent decline from peak | -6.17% | -0.44% | -5.73% |
Average DrawdownAverage peak-to-trough decline | -9.71% | -2.17% | -7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 1.10% | -0.51% |
Volatility
IBTJ vs. RISR - Volatility Comparison
The current volatility for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is 0.69%, while FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) has a volatility of 1.30%. This indicates that IBTJ experiences smaller price fluctuations and is considered to be less risky 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
| IBTJ | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 1.30% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.58% | 3.98% | -2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.36% | 5.45% | -3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 11.82% | -6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 11.82% | -5.84% |
IBTJ vs. RISR - Expense Ratio Comparison
IBTJ has a 0.07% expense ratio, which is lower than RISR's 1.13% expense ratio.
Dividends
IBTJ vs. RISR - Dividend Comparison
IBTJ's dividend yield for the trailing twelve months is around 3.80%, less than RISR's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 3.80% | 3.78% | 3.95% | 3.48% | 1.86% | 0.74% | 0.61% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 5.91% | 5.95% | 5.67% | 7.96% | 4.26% | 0.30% | 0.00% |
Frequently Asked Questions
IBTJ and RISR have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RISR has higher volatility (1.30%) compared to IBTJ (0.69%). In terms of maximum drawdown, IBTJ dropped -20.19% vs RISR's -14.31%.
On 3-year performance, RISR leads with 10.98% vs 3.81% for IBTJ. On fees, IBTJ is cheaper at 0.07% per year. On volatility, IBTJ has been the lower-risk option at 0.69%. 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 10.98% return vs 3.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTJ is cheaper with a 0.07% expense ratio, compared with 1.13% for RISR.
RISR has the higher dividend yield at 5.91%, compared with 3.80% for IBTJ.
IBTJ is categorized as Government Bonds, while RISR is Nontraditional Bonds. They also come from different issuers: iShares and FolioBeyond. Their fees differ too: 0.07% for IBTJ and 1.13% for RISR.
IBTJ currently has the higher Sharpe Ratio (1.39 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.
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