KWEB vs. RISR
KWEB (KraneShares CSI China Internet ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - KWEB is a China Equities fund tracking the CSI Overseas China Internet Index, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. KWEB is passively managed, while RISR is actively managed. Over the past 3 years, KWEB returned 1.61%/yr vs 10.07%/yr for RISR. Their -0.03 correlation means they have often moved in opposite directions in the past. KWEB charges 0.70%/yr vs 1.13%/yr for RISR.
Performance
KWEB vs. RISR - Performance Comparison
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Returns By Period
In the year-to-date period, KWEB achieves a -15.59% return, which is significantly lower than RISR's 4.75% return.
KWEB
- 1D
- 0.88%
- 1M
- 15.01%
- 6M
- -18.05%
- YTD
- -15.59%
- 1Y
- -11.62%
- 3Y*
- 1.61%
- 5Y*
- -7.36%
- 10Y*
- 0.16%
- ALL TIME*
- 2.71%
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) |
|---|---|---|---|
| $576.11M | $564.88M | $703.17M | |
| $3.20M | $3.07M | $3.51M |
KWEB vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KWEB KraneShares CSI China Internet ETF | -15.59% | 23.55% | 12.01% | -9.06% | -17.24% | -17.25% |
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 KWEB and RISR is -0.19, 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. | -0.19 |
Correlation (3Y) Balances recent behavior with more history. | -0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | -0.03 |
The correlation between KWEB and RISR shifts across timeframes, from -0.19 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KWEB vs. RISR — Risk / Return Rank
KWEB
RISR
KWEB vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet ETF (KWEB) 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.
| KWEB | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.22 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 2.42 | -2.70 |
| Martin ratioReturn relative to average drawdown | -0.53 | 5.79 | -6.32 |
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Drawdowns
KWEB vs. RISR - Drawdown Comparison
The maximum KWEB drawdown since its inception was -80.92%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for KWEB and RISR.
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Drawdown Indicators
| KWEB | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.92% | -14.31% | -66.61% |
Max Drawdown (1Y)Largest decline over 1 year | -41.62% | -2.61% | -39.01% |
Max Drawdown (3Y)Largest decline over 3 years | -41.62% | -8.07% | -33.55% |
Max Drawdown (5Y)Largest decline over 5 years | -63.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.92% | — | — |
Current DrawdownCurrent decline from peak | -66.76% | -0.15% | -66.61% |
Average DrawdownAverage peak-to-trough decline | -35.66% | -2.12% | -33.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.06% | 1.09% | +20.97% |
Volatility
KWEB vs. RISR - Volatility Comparison
KraneShares CSI China Internet ETF (KWEB) has a higher volatility of 7.68% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.13%. This indicates that KWEB'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
| KWEB | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 1.13% | +6.55% |
Volatility (6M)Calculated over the trailing 6-month period | 20.57% | 3.57% | +17.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.75% | 5.25% | +22.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.96% | 11.67% | +35.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.06% | 11.67% | +28.39% |
KWEB vs. RISR - Expense Ratio Comparison
KWEB has a 0.70% expense ratio, which is lower than RISR's 1.13% expense ratio.
Dividends
KWEB vs. RISR - Dividend Comparison
KWEB's dividend yield for the trailing twelve months is around 7.29%, more than RISR's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KWEB KraneShares CSI China Internet ETF | 7.29% | 6.16% | 3.51% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% |
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
KWEB and RISR have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KWEB has higher volatility (7.68%) compared to RISR (1.13%). In terms of maximum drawdown, KWEB dropped -80.92% vs RISR's -14.31%.
On 3-year performance, RISR leads with 10.07% vs 1.61% for KWEB. On fees, KWEB is cheaper at 0.70% 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, RISR has performed better with a 10.07% return vs 1.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KWEB is cheaper with a 0.70% expense ratio, compared with 1.13% for RISR.
KWEB has the higher dividend yield at 7.29%, compared with 5.88% for RISR.
KWEB is categorized as China Equities, while RISR is Nontraditional Bonds. They also come from different issuers: KraneShares and FolioBeyond. Their fees differ too: 0.70% for KWEB and 1.13% for RISR.
RISR currently has the higher Sharpe Ratio (1.20 vs -0.42), 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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