KSEP vs. RISR
KSEP (Innovator U.S. Small Cap Power Buffer ETF - September) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - KSEP is a Defined Outcome fund actively managed by Innovator, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. Both are actively managed. Over the past year, KSEP returned 22.33% vs 6.29% for RISR. Their -0.11 correlation means they have often moved in opposite directions in the past. KSEP charges 0.79%/yr vs 1.13%/yr for RISR.
Performance
KSEP vs. RISR - Performance Comparison
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Returns By Period
In the year-to-date period, KSEP achieves a 11.62% return, which is significantly higher than RISR's 4.75% return.
KSEP
- 1D
- 0.24%
- 1M
- 0.96%
- 6M
- 8.24%
- YTD
- 11.62%
- 1Y
- 22.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.49%
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) |
|---|---|---|---|
| $31.44K | $42.04K | $89.83K | |
| $3.20M | $3.07M | $3.51M |
KSEP vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KSEP Innovator U.S. Small Cap Power Buffer ETF - September | 11.62% | 8.54% | 1.64% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 4.75% | 4.63% | 9.07% |
Correlation
The correlation between KSEP and RISR is -0.22, 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. | -0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2024 | -0.11 |
The correlation between KSEP and RISR shifts across timeframes, from -0.22 (1 year) to -0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KSEP vs. RISR — Risk / Return Rank
KSEP
RISR
KSEP vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Small Cap Power Buffer ETF - September (KSEP) 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.
| KSEP | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.22 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 2.42 | +2.30 |
| Martin ratioReturn relative to average drawdown | 18.46 | 5.79 | +12.67 |
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Drawdowns
KSEP vs. RISR - Drawdown Comparison
The maximum KSEP drawdown since its inception was -14.92%, roughly equal to the maximum RISR drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for KSEP and RISR.
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Drawdown Indicators
| KSEP | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.92% | -14.31% | -0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -2.61% | -2.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.07% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.15% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -2.12% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.09% | +0.12% |
Volatility
KSEP vs. RISR - Volatility Comparison
The current volatility for Innovator U.S. Small Cap Power Buffer ETF - September (KSEP) is 0.89%, while FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) has a volatility of 1.13%. This indicates that KSEP 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
| KSEP | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 1.13% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 6.02% | 3.57% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.69% | 5.25% | +4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.28% | 11.67% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.28% | 11.67% | -0.39% |
KSEP vs. RISR - Expense Ratio Comparison
KSEP has a 0.79% expense ratio, which is lower than RISR's 1.13% expense ratio.
Dividends
KSEP vs. RISR - Dividend Comparison
KSEP has not paid dividends to shareholders, while RISR's dividend yield for the trailing twelve months is around 5.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
KSEP Innovator U.S. Small Cap Power Buffer ETF - September | 0.00% | 0.00% | 0.00% | 0.00% | 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
KSEP and RISR have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RISR has higher volatility (1.13%) compared to KSEP (0.89%). In terms of maximum drawdown, KSEP dropped -14.92% vs RISR's -14.31%.
On 1-year performance, KSEP leads with 22.33% vs 6.29% for RISR. On fees, KSEP is cheaper at 0.79% per year. On volatility, KSEP has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KSEP has performed better with a 22.33% return vs 6.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KSEP is cheaper with a 0.79% expense ratio, compared with 1.13% for RISR.
RISR has the higher dividend yield at 5.88%, compared with 0.00% for KSEP.
KSEP is categorized as Defined Outcome, while RISR is Nontraditional Bonds. They also come from different issuers: Innovator and FolioBeyond. Their fees differ too: 0.79% for KSEP and 1.13% for RISR.
KSEP currently has the higher Sharpe Ratio (2.32 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.
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