INCM vs. RISR

Last updated Aug 4, 2026

INCM (Franklin Income Focus ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - INCM is a Diversified Portfolio fund actively managed by Franklin Templeton, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. Both are actively managed. Over the past 3 years, INCM returned 11.04%/yr vs 10.07%/yr for RISR. Their -0.26 correlation means they have often moved in opposite directions in the past. INCM charges 0.38%/yr vs 1.13%/yr for RISR.

Performance

INCM vs. RISR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Income Focus ETF (INCM) 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, INCM achieves a 7.65% return, which is significantly higher than RISR's 4.75% return.

INCM

• 1D: 0.41%
• 1M: 0.81%
• 6M: 3.80%
• YTD: 7.65%
• 1Y: 14.02%
• 3Y*: 11.04%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.62%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
INCM Franklin Income Focus ETF	$11.73M	$12.25M	$11.49M
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	$3.20M	$3.07M	$3.51M

INCM vs. RISR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
INCM Franklin Income Focus ETF	7.65%	13.07%	6.80%	5.76%
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	4.75%	4.63%	24.20%	0.85%

Correlation

The correlation between INCM and RISR is -0.26, 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.	-0.26
Correlation (3Y) Balances recent behavior with more history.	-0.26
Correlation (All Time) Calculated using the full available price history since Jun 8, 2023	-0.26

Return for Risk

INCM vs. RISR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

INCM

INCM Risk / Return Rank: 93
INCM Sharpe Ratio Rank: 93
INCM Sortino Ratio Rank: 93
INCM Omega Ratio Rank: 93
INCM Calmar Ratio Rank: 92
INCM Martin Ratio Rank: 93

RISR

RISR Risk / Return Rank: 51
RISR Sharpe Ratio Rank: 48
RISR Sortino Ratio Rank: 47
RISR Omega Ratio Rank: 46
RISR Calmar Ratio Rank: 67
RISR Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

INCM vs. RISR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Income Focus ETF (INCM) 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.

	INCM	RISR	Difference
Sharpe ratio: Return per unit of total volatility	2.57	1.20	+1.36
Sortino ratio: Return per unit of downside risk	3.64	1.76	+1.88
Omega ratio: Gain probability vs. loss probability	1.48	1.22	+0.26
Calmar ratio: Return relative to maximum drawdown	4.41	2.42	+1.99
Martin ratio: Return relative to average drawdown	17.73	5.79	+11.94

INCM vs. RISR - Sharpe Ratio Comparison

The current INCM Sharpe Ratio is 2.57, which is higher than the RISR Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of INCM 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

INCM vs. RISR - Drawdown Comparison

The maximum INCM drawdown since its inception was -7.84%, smaller than the maximum RISR drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for INCM and RISR.

Drawdown Indicators

	INCM	RISR	Difference
Max Drawdown Largest peak-to-trough decline	-7.84%	-14.31%	+6.47%
Max Drawdown (1Y) Largest decline over 1 year	-3.19%	-2.61%	-0.58%
Max Drawdown (3Y) Largest decline over 3 years	-7.84%	-8.07%	+0.23%
Current Drawdown Current decline from peak	0.00%	-0.15%	+0.15%
Average Drawdown Average peak-to-trough decline	-1.07%	-2.12%	+1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	1.09%	-0.30%

Volatility

INCM vs. RISR - Volatility Comparison

Franklin Income Focus ETF (INCM) has a higher volatility of 1.48% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.13%. This indicates that INCM'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

	INCM	RISR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	1.13%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	4.36%	3.57%	+0.79%
Volatility (1Y) Calculated over the trailing 1-year period	5.50%	5.25%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.21%	11.67%	-4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.21%	11.67%	-4.46%

INCM vs. RISR - Expense Ratio Comparison

INCM has a 0.38% expense ratio, which is lower than RISR's 1.13% expense ratio.

Dividends

INCM vs. RISR - Dividend Comparison

INCM's dividend yield for the trailing twelve months is around 5.18%, less than RISR's 5.88% yield.

Position	TTM	2025	2024	2023	2022	2021
INCM Franklin Income Focus ETF	5.18%	4.96%	5.06%	3.01%	0.00%	0.00%
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	5.88%	5.95%	5.67%	7.96%	4.26%	0.30%

Frequently Asked Questions

Can I hold both INCM and RISR in my portfolio?

INCM and RISR have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INCM or RISR?

INCM has higher volatility (1.48%) compared to RISR (1.13%). In terms of maximum drawdown, INCM dropped -7.84% vs RISR's -14.31%.

Which ETF is better, INCM or RISR?

On 3-year performance, INCM leads with 11.04% vs 10.07% for RISR. On fees, INCM 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.

Which ETF has performed better, INCM or RISR?

Over the 3-year period, INCM has performed better with a 11.04% return vs 10.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INCM or RISR?

INCM is cheaper with a 0.38% expense ratio, compared with 1.13% for RISR.

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

RISR has the higher dividend yield at 5.88%, compared with 5.18% for INCM.

What is the main difference between INCM and RISR?

INCM is categorized as Diversified Portfolio, while RISR is Nontraditional Bonds. They also come from different issuers: Franklin Templeton and FolioBeyond. Their fees differ too: 0.38% for INCM and 1.13% for RISR.

Which has better risk-adjusted returns?

INCM currently has the higher Sharpe Ratio (2.57 vs 1.20), 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.