RISN vs. FDLS

Last updated Apr 1, 2026

Compare and contrast key facts about Inspire Tactical Balanced ESG ETF (RISN) and Inspire Fidelis Multi Factor ETF (FDLS).

RISN and FDLS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RISN is an actively managed fund by Inspire. It was launched on Jul 15, 2020. FDLS is a passively managed fund by Inspire that tracks the performance of the WI Fidelis Multi-Cap, Multi-Factor Index - Benchmark TR Gross. It was launched on Aug 23, 2022.

Performance

RISN vs. FDLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire Tactical Balanced ESG ETF (RISN) and Inspire Fidelis Multi Factor ETF (FDLS). The values are adjusted to include any dividend payments, if applicable.

RISN vs. FDLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RISN Inspire Tactical Balanced ESG ETF	-0.95%	10.83%	7.61%	10.29%	-1.22%
FDLS Inspire Fidelis Multi Factor ETF	3.62%	22.47%	7.41%	20.70%	-1.68%

Returns By Period

In the year-to-date period, RISN achieves a -0.95% return, which is significantly lower than FDLS's 3.62% return.

RISN

• 1D: 1.83%
• 1M: -5.01%
• YTD: -0.95%
• 6M: -3.30%
• 1Y: 12.26%
• 3Y*: 9.71%
• 5Y*: 4.29%
• 10Y*: —

FDLS

• 1D: 2.61%
• 1M: -5.60%
• YTD: 3.62%
• 6M: 6.33%
• 1Y: 32.55%
• 3Y*: 17.02%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RISN vs. FDLS - Expense Ratio Comparison

RISN has a 0.82% expense ratio, which is higher than FDLS's 0.76% expense ratio.

RISN

Inspire Tactical Balanced ESG ETF

FDLS

Inspire Fidelis Multi Factor ETF

Return for Risk

RISN vs. FDLS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RISN

RISN Risk / Return Rank: 48
RISN Sharpe Ratio Rank: 45
RISN Sortino Ratio Rank: 46
RISN Omega Ratio Rank: 40
RISN Calmar Ratio Rank: 53
RISN Martin Ratio Rank: 55

FDLS

FDLS Risk / Return Rank: 82
FDLS Sharpe Ratio Rank: 81
FDLS Sortino Ratio Rank: 81
FDLS Omega Ratio Rank: 79
FDLS Calmar Ratio Rank: 82
FDLS Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RISN vs. FDLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire Tactical Balanced ESG ETF (RISN) and Inspire Fidelis Multi Factor ETF (FDLS). 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.

	RISN	FDLS	Difference
Sharpe ratio Return per unit of total volatility	0.82	1.51	-0.70
Sortino ratio Return per unit of downside risk	1.24	2.10	-0.86
Omega ratio Gain probability vs. loss probability	1.16	1.30	-0.14
Calmar ratio Return relative to maximum drawdown	1.35	2.32	-0.97
Martin ratio Return relative to average drawdown	5.35	10.20	-4.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RISN vs. FDLS - Sharpe Ratio Comparison

The current RISN Sharpe Ratio is 0.82, which is lower than the FDLS Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of RISN and FDLS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RISN	FDLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	1.51	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.75	-0.20

Correlation

The correlation between RISN and FDLS is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

RISN vs. FDLS - Dividend Comparison

RISN's dividend yield for the trailing twelve months is around 1.11%, more than FDLS's 0.95% yield.

	TTM	2025	2024	2023	2022	2021	2020
RISN Inspire Tactical Balanced ESG ETF	1.11%	0.98%	1.39%	2.05%	1.27%	9.74%	4.71%
FDLS Inspire Fidelis Multi Factor ETF	0.95%	0.86%	7.26%	0.97%	0.31%	0.00%	0.00%

Drawdowns

RISN vs. FDLS - Drawdown Comparison

The maximum RISN drawdown since its inception was -21.88%, smaller than the maximum FDLS drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for RISN and FDLS.

Drawdown Indicators

	RISN	FDLS	Difference
Max Drawdown Largest peak-to-trough decline	-21.88%	-23.32%	+1.44%
Max Drawdown (1Y) Largest decline over 1 year	-9.28%	-14.05%	+4.77%
Max Drawdown (5Y) Largest decline over 5 years	-21.88%	—	—
Current Drawdown Current decline from peak	-5.73%	-6.22%	+0.49%
Average Drawdown Average peak-to-trough decline	-7.67%	-4.00%	-3.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	3.20%	-0.85%

Volatility

RISN vs. FDLS - Volatility Comparison

The current volatility for Inspire Tactical Balanced ESG ETF (RISN) is 4.23%, while Inspire Fidelis Multi Factor ETF (FDLS) has a volatility of 7.42%. This indicates that RISN experiences smaller price fluctuations and is considered to be less risky than FDLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RISN	FDLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	7.42%	-3.19%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	13.67%	-4.35%
Volatility (1Y) Calculated over the trailing 1-year period	15.09%	21.60%	-6.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.14%	19.24%	-8.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.31%	19.24%	-7.93%