JEPI vs. RISR

Last updated Jun 14, 2026

JEPI (JPMorgan Equity Premium Income ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - JEPI is a Dividend fund actively managed by JPMorgan, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. Both are actively managed. Over the past 3 years, JEPI returned 9.13%/yr vs 10.98%/yr for RISR. At a correlation of -0.07, they often move in opposite directions. JEPI charges 0.35%/yr vs 1.13%/yr for RISR.

Performance

JEPI vs. RISR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Premium Income ETF (JEPI) 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, JEPI achieves a 1.29% return, which is significantly lower than RISR's 3.07% return.

JEPI

• 1D: 0.43%
• 1M: 0.97%
• YTD: 1.29%
• 6M: 1.18%
• 1Y: 8.34%
• 3Y*: 9.13%
• 5Y*: 7.45%
• 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)

JEPI vs. RISR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JEPI JPMorgan Equity Premium Income ETF	1.29%	8.09%	12.57%	9.83%	-3.49%	8.72%
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 JEPI and RISR is -0.16, 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	-0.16
Correlation (3Y) Calculated over the trailing 3-year period	-0.13
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021	-0.07

Return for Risk

JEPI vs. RISR — Risk / Return Rank

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

JEPI

JEPI Risk / Return Rank: 28
JEPI Sharpe Ratio Rank: 30
JEPI Sortino Ratio Rank: 29
JEPI Omega Ratio Rank: 28
JEPI Calmar Ratio Rank: 27
JEPI Martin Ratio Rank: 28

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.

JEPI vs. RISR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) 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.

	JEPI	RISR	Difference
Sharpe ratio: Return per unit of total volatility	0.95	0.87	+0.08
Sortino ratio: Return per unit of downside risk	1.42	1.28	+0.15
Omega ratio: Gain probability vs. loss probability	1.17	1.15	+0.02
Calmar ratio: Return relative to maximum drawdown	1.14	1.83	-0.69
Martin ratio: Return relative to average drawdown	3.46	4.33	-0.87

JEPI vs. RISR - Sharpe Ratio Comparison

The current JEPI Sharpe Ratio is 0.95, which is comparable to the RISR Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of JEPI 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

JEPI vs. RISR - Drawdown Comparison

The maximum JEPI drawdown since its inception was -13.71%, roughly equal to the maximum RISR drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for JEPI and RISR.

Drawdown Indicators

	JEPI	RISR	Difference
Max Drawdown Largest peak-to-trough decline	-13.71%	-14.31%	+0.60%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-2.61%	-4.07%
Max Drawdown (3Y) Largest decline over 3 years	-13.26%	-8.07%	-5.19%
Max Drawdown (5Y) Largest decline over 5 years	-13.71%	—	—
Current Drawdown Current decline from peak	-3.75%	-0.44%	-3.31%
Average Drawdown Average peak-to-trough decline	-2.13%	-2.17%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	1.10%	+1.10%

Volatility

JEPI vs. RISR - Volatility Comparison

JPMorgan Equity Premium Income ETF (JEPI) has a higher volatility of 2.05% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.30%. This indicates that JEPI'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

	JEPI	RISR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	1.30%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	6.23%	3.98%	+2.25%
Volatility (1Y) Calculated over the trailing 1-year period	8.02%	5.45%	+2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.08%	11.82%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.79%	11.82%	-1.03%

JEPI vs. RISR - Expense Ratio Comparison

JEPI has a 0.35% expense ratio, which is lower than RISR's 1.13% expense ratio.

Dividends

JEPI vs. RISR - Dividend Comparison

JEPI's dividend yield for the trailing twelve months is around 8.18%, more than RISR's 5.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JEPI JPMorgan Equity Premium Income ETF	8.18%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%
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

Can I hold both JEPI and RISR in my portfolio?

JEPI and RISR have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEPI or RISR?

JEPI has higher volatility (2.05%) compared to RISR (1.30%). In terms of maximum drawdown, JEPI dropped -13.71% vs RISR's -14.31%.

Which ETF is better, JEPI or RISR?

On 3-year performance, RISR leads with 10.98% vs 9.13% for JEPI. On fees, JEPI is cheaper at 0.35% 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, JEPI or RISR?

Over the 3-year period, RISR has performed better with a 10.98% return vs 9.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JEPI or RISR?

JEPI is cheaper with a 0.35% expense ratio, compared with 1.13% for RISR.

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

JEPI has the higher dividend yield at 8.18%, compared with 5.91% for RISR.

What is the main difference between JEPI and RISR?

JEPI is categorized as Dividend, while RISR is Nontraditional Bonds. They also come from different issuers: JPMorgan and FolioBeyond. Their fees differ too: 0.35% for JEPI and 1.13% for RISR.

Which has better risk-adjusted returns?

JEPI currently has the higher Sharpe Ratio (0.95 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.