PTY vs. RISR
PTY (PIMCO Corporate & Income Opportunity Fund) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both funds - PTY is a Corporate Bonds fund managed by PIMCO, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. Over the past 3 years, PTY returned 7.73%/yr vs 10.98%/yr for RISR. At a correlation of -0.12, they often move in opposite directions. PTY charges 1.19%/yr vs 1.13%/yr for RISR.
Performance
PTY vs. RISR - Performance Comparison
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Returns By Period
In the year-to-date period, PTY achieves a -3.70% return, which is significantly lower than RISR's 3.07% return.
PTY
- 1D
- 0.26%
- 1M
- -0.51%
- YTD
- -3.70%
- 6M
- -3.85%
- 1Y
- -4.11%
- 3Y*
- 7.73%
- 5Y*
- -0.75%
- 10Y*
- 8.71%
RISR
- 1D
- -0.18%
- 1M
- -0.33%
- YTD
- 3.07%
- 6M
- 3.20%
- 1Y
- 5.26%
- 3Y*
- 10.98%
- 5Y*
- —
- 10Y*
- —
PTY vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | -3.70% | -0.51% | 19.87% | 22.56% | -18.71% | -7.78% |
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 PTY and RISR is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | -0.12 |
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Return for Risk
PTY vs. RISR — Risk / Return Rank
PTY
RISR
PTY vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) 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.
| PTY | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.15 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 1.83 | -2.12 |
| Martin ratioReturn relative to average drawdown | -0.57 | 4.33 | -4.90 |
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Drawdowns
PTY vs. RISR - Drawdown Comparison
The maximum PTY drawdown since its inception was -60.86%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for PTY and RISR.
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Drawdown Indicators
| PTY | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.86% | -14.31% | -46.55% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -2.61% | -12.83% |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | -8.07% | -7.97% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | — | — |
Current DrawdownCurrent decline from peak | -12.60% | -0.44% | -12.16% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -2.17% | -6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.89% | 1.10% | +6.79% |
Volatility
PTY vs. RISR - Volatility Comparison
PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 2.64% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.30%. This indicates that PTY'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
| PTY | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 1.30% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 7.49% | 3.98% | +3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.80% | 5.45% | +5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 11.82% | +5.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.19% | 11.82% | +9.37% |
PTY vs. RISR - Expense Ratio Comparison
PTY has a 1.19% expense ratio, which is higher than RISR's 1.13% expense ratio.
Dividends
PTY vs. RISR - Dividend Comparison
PTY's dividend yield for the trailing twelve months is around 12.15%, more than RISR's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | 12.15% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 5.91% | 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
PTY and RISR have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTY has higher volatility (2.64%) compared to RISR (1.30%). In terms of maximum drawdown, PTY dropped -60.86% vs RISR's -14.31%.
RISR currently has the higher Sharpe Ratio (0.87 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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