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 157.33% vs 4.28% for FTSD. At a correlation of -0.09, they often move in opposite directions. 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 135.89% return, which is significantly higher than FTSD's 0.76% return.
RIOX
- 1D
- -20.99%
- 1M
- 1.77%
- YTD
- 135.89%
- 6M
- 52.58%
- 1Y
- 157.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTSD
- 1D
- -0.17%
- 1M
- -0.11%
- YTD
- 0.76%
- 6M
- 1.36%
- 1Y
- 4.28%
- 3Y*
- 4.93%
- 5Y*
- 2.45%
- 10Y*
- 2.05%
RIOX vs. FTSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RIOX Defiance Daily Target 2X Long RIOT ETF | 135.89% | -60.36% |
FTSD Franklin Short Duration U.S. Government ETF | 0.76% | 5.65% |
Correlation
The correlation between RIOX and FTSD is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2025 | -0.09 |
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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.
| RIOX | FTSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.68 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 9.54 | -7.66 |
| Martin ratioReturn relative to average drawdown | 3.12 | 38.56 | -35.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RIOX | FTSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 3.27 | -2.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.33 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 1.04 | -1.07 |
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 | — | -5.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.32% | — |
Current DrawdownCurrent decline from peak | -43.36% | -0.17% | -43.19% |
Average DrawdownAverage peak-to-trough decline | -52.49% | -0.60% | -51.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.67% | 0.11% | +50.56% |
Volatility
RIOX vs. FTSD - Volatility Comparison
Defiance Daily Target 2X Long RIOT ETF (RIOX) has a higher volatility of 37.03% compared to Franklin Short Duration U.S. Government ETF (FTSD) at 0.51%. 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 | 37.03% | 0.51% | +36.52% |
Volatility (6M)Calculated over the trailing 6-month period | 123.63% | 1.04% | +122.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 169.32% | 1.32% | +168.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 168.45% | 1.86% | +166.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 168.45% | 1.79% | +166.66% |
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 25.76%, more than FTSD's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSD Franklin Short Duration U.S. Government ETF | 4.51% | 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 | 25.76% | 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 (37.03%) compared to FTSD (0.51%). In terms of maximum drawdown, RIOX dropped -84.40% vs FTSD's -5.32%.
On 1-year performance, RIOX leads with 157.33% vs 4.28% for FTSD. On fees, FTSD is cheaper at 0.25% per year. On volatility, FTSD has been the lower-risk option at 0.51%. 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 157.33% return vs 4.28%. 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 25.76%, compared with 4.51% 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 (3.27 vs 0.94), 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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