RIOX vs. FTSD
RIOX (Defiance Daily Target 2X Long RIOT ETF) and FTSD (Franklin Short Duration U.S. Government ETF) are both exchange-traded funds - RIOX is a Leveraged Equities fund actively managed by Defiance, while FTSD is a Mortgage Backed Securities fund actively managed by Franklin Templeton. Both are actively managed. Over the past year, RIOX returned 7.24% vs 3.75% for FTSD. Their -0.08 correlation means they have often moved in opposite directions in the past. RIOX charges 0.95%/yr vs 0.25%/yr for FTSD.
Performance
RIOX vs. FTSD - Performance Comparison
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Returns By Period
In the year-to-date period, RIOX achieves a 28.32% return, which is significantly higher than FTSD's 1.24% return.
RIOX
- 1D
- -17.51%
- 1M
- -27.36%
- 6M
- -6.06%
- YTD
- 28.32%
- 1Y
- 7.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -22.05%
FTSD
- 1D
- 0.00%
- 1M
- 0.05%
- 6M
- 0.99%
- YTD
- 1.24%
- 1Y
- 3.75%
- 3Y*
- 5.00%
- 5Y*
- 2.57%
- 10Y*
- 2.10%
- ALL TIME*
- 1.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.17M | $2.80M | $2.13M | |
| $4.70M | $4.01M | $10.22M |
RIOX vs. FTSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RIOX Defiance Daily Target 2X Long RIOT ETF | 28.32% | -47.32% |
FTSD Franklin Short Duration U.S. Government ETF | 1.24% | 5.70% |
Correlation
The correlation between RIOX and FTSD is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025 | -0.08 |
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Return for Risk
RIOX vs. FTSD — Risk / Return Rank
RIOX
FTSD
RIOX vs. FTSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RIOT ETF (RIOX) and Franklin Short Duration U.S. Government ETF (FTSD). 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.
| RIOX | FTSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.03 | ||
| Sortino ratioReturn per unit of downside risk | -3.36 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.58 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 8.64 | -9.01 |
| Martin ratioReturn relative to average drawdown | -0.58 | 32.41 | -33.00 |
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Drawdowns
RIOX vs. FTSD - Drawdown Comparison
The maximum RIOX drawdown since its inception was -84.40%, which is greater than FTSD's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for RIOX and FTSD.
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Drawdown Indicators
| RIOX | FTSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.40% | -5.32% | -79.08% |
Max Drawdown (1Y)Largest decline over 1 year | -84.40% | -0.45% | -83.95% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -4.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.32% | — |
Current DrawdownCurrent decline from peak | -69.19% | 0.00% | -69.19% |
Average DrawdownAverage peak-to-trough decline | -52.12% | -0.60% | -51.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.84% | 0.12% | +53.72% |
Volatility
RIOX vs. FTSD - Volatility Comparison
Defiance Daily Target 2X Long RIOT ETF (RIOX) has a higher volatility of 68.42% compared to Franklin Short Duration U.S. Government ETF (FTSD) at 0.32%. This indicates that RIOX's price experiences larger fluctuations and is considered to be riskier than FTSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIOX | FTSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 68.42% | 0.32% | +68.10% |
Volatility (6M)Calculated over the trailing 6-month period | 132.16% | 1.09% | +131.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 179.86% | 1.36% | +178.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 173.60% | 1.87% | +171.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 173.60% | 1.76% | +171.84% |
RIOX vs. FTSD - Expense Ratio Comparison
RIOX has a 0.95% expense ratio, which is higher than FTSD's 0.25% expense ratio.
Dividends
RIOX vs. FTSD - Dividend Comparison
RIOX's dividend yield for the trailing twelve months is around 47.35%, more than FTSD's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSD Franklin Short Duration U.S. Government ETF | 4.05% | 4.67% | 4.75% | 4.14% | 1.73% | 1.01% | 1.54% | 2.90% | 2.63% | 2.24% | 1.92% | 1.52% |
RIOX Defiance Daily Target 2X Long RIOT ETF | 47.35% | 60.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RIOX and FTSD have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIOX has higher volatility (68.42%) compared to FTSD (0.32%). In terms of maximum drawdown, RIOX dropped -84.40% vs FTSD's -5.32%.
On 1-year performance, RIOX leads with 7.24% vs 3.75% for FTSD. On fees, FTSD is cheaper at 0.25% per year. On volatility, FTSD has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RIOX has performed better with a 7.24% return vs 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTSD is cheaper with a 0.25% expense ratio, compared with 0.95% for RIOX.
RIOX has the higher dividend yield at 47.35%, compared with 4.05% for FTSD.
RIOX is categorized as Leveraged Equities, while FTSD is Mortgage Backed Securities. They also come from different issuers: Defiance and Franklin Templeton. Their fees differ too: 0.95% for RIOX and 0.25% for FTSD.
FTSD currently has the higher Sharpe Ratio (2.86 vs -0.17), 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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