RISR vs. ^TNX
RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) is Nontraditional Bonds fund actively managed by FolioBeyond, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 3 years, RISR returned 11.26%/yr vs 5.70%/yr for ^TNX. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
RISR vs. ^TNX - Performance Comparison
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Returns By Period
In the year-to-date period, RISR achieves a 2.95% return, which is significantly lower than ^TNX's 5.50% return.
RISR
- 1D
- 0.11%
- 1M
- 0.61%
- YTD
- 2.95%
- 6M
- 3.46%
- 1Y
- 4.31%
- 3Y*
- 11.26%
- 5Y*
- —
- 10Y*
- —
^TNX
- 1D
- -1.33%
- 1M
- -2.25%
- YTD
- 5.50%
- 6M
- 6.19%
- 1Y
- 2.31%
- 3Y*
- 5.70%
- 5Y*
- 23.38%
- 10Y*
- 11.64%
RISR vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 2.95% | 4.63% | 24.20% | 7.02% | 31.98% | -0.04% |
^TNX Cboe 10-Year Treasury Note Yield Index | 5.50% | -8.97% | 18.29% | -0.34% | 156.55% | -1.11% |
Correlation
The correlation between RISR and ^TNX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | 0.51 |
The correlation between RISR and ^TNX shifts across timeframes, from 0.36 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RISR vs. ^TNX — Risk / Return Rank
RISR
^TNX
RISR vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) and Cboe 10-Year Treasury Note Yield Index (^TNX). 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.
| RISR | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.04 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 0.20 | +1.47 |
| Martin ratioReturn relative to average drawdown | 3.92 | 0.35 | +3.56 |
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Drawdowns
RISR vs. ^TNX - Drawdown Comparison
The maximum RISR drawdown since its inception was -14.31%, smaller than the maximum ^TNX drawdown of -96.85%. Use the drawdown chart below to compare losses from any high point for RISR and ^TNX.
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Drawdown Indicators
| RISR | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -96.85% | +82.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -11.94% | +9.33% |
Max Drawdown (3Y)Largest decline over 3 years | -8.07% | -27.41% | +19.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.57% | — |
Current DrawdownCurrent decline from peak | -0.55% | -72.27% | +71.72% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -55.01% | +52.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 6.59% | -5.49% |
Volatility
RISR vs. ^TNX - Volatility Comparison
The current volatility for FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) is 1.19%, while Cboe 10-Year Treasury Note Yield Index (^TNX) has a volatility of 3.61%. This indicates that RISR experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RISR | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 3.61% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 10.77% | -6.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.41% | 15.15% | -9.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.78% | 32.20% | -20.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.78% | 47.88% | -36.10% |
Frequently Asked Questions
RISR and ^TNX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^TNX has higher volatility (3.61%) compared to RISR (1.19%). In terms of maximum drawdown, RISR dropped -14.31% vs ^TNX's -96.85%.
RISR currently has the higher Sharpe Ratio (0.80 vs 0.15), 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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