RISR vs. HDGE
Compare and contrast key facts about FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) and AdvisorShares Ranger Equity Bear ETF (HDGE).
RISR and HDGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RISR is an actively managed fund by FolioBeyond. It was launched on Sep 30, 2021. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011.
Performance
RISR vs. HDGE - Performance Comparison
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RISR vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 1.80% | 4.63% | 24.20% | 7.02% | 31.98% | 0.02% |
HDGE AdvisorShares Ranger Equity Bear ETF | 11.86% | 1.50% | -8.01% | -26.98% | 16.59% | -3.63% |
Returns By Period
In the year-to-date period, RISR achieves a 1.80% return, which is significantly lower than HDGE's 11.86% return.
RISR
- 1D
- -0.03%
- 1M
- 1.76%
- YTD
- 1.80%
- 6M
- 4.05%
- 1Y
- 6.34%
- 3Y*
- 12.12%
- 5Y*
- —
- 10Y*
- —
HDGE
- 1D
- -0.17%
- 1M
- 4.07%
- YTD
- 11.86%
- 6M
- 13.54%
- 1Y
- 4.31%
- 3Y*
- -4.82%
- 5Y*
- -2.70%
- 10Y*
- -14.58%
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RISR vs. HDGE - Expense Ratio Comparison
RISR has a 1.13% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Return for Risk
RISR vs. HDGE — Risk / Return Rank
RISR
HDGE
RISR vs. HDGE - 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 AdvisorShares Ranger Equity Bear ETF (HDGE). 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.
| RISR | HDGE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.22 | +0.78 |
Sortino ratioReturn per unit of downside risk | 1.44 | 0.45 | +0.99 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.06 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.20 | 0.21 | +1.99 |
Martin ratioReturn relative to average drawdown | 4.70 | 0.30 | +4.39 |
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
| RISR | HDGE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.22 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | -0.67 | +1.91 |
Correlation
The correlation between RISR and HDGE is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
RISR vs. HDGE - Dividend Comparison
RISR's dividend yield for the trailing twelve months is around 5.93%, more than HDGE's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 5.93% | 5.95% | 5.67% | 7.96% | 4.26% | 0.30% | 0.00% | 0.00% |
HDGE AdvisorShares Ranger Equity Bear ETF | 3.12% | 3.50% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% |
Drawdowns
RISR vs. HDGE - Drawdown Comparison
The maximum RISR drawdown since its inception was -14.31%, smaller than the maximum HDGE drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for RISR and HDGE.
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Drawdown Indicators
| RISR | HDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -93.88% | +79.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -19.63% | +17.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.69% | — |
Current DrawdownCurrent decline from peak | -0.36% | -92.66% | +92.30% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -69.85% | +67.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 13.54% | -12.32% |
Volatility
RISR vs. HDGE - Volatility Comparison
The current volatility for FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) is 2.03%, while AdvisorShares Ranger Equity Bear ETF (HDGE) has a volatility of 4.49%. This indicates that RISR experiences smaller price fluctuations and is considered to be less risky than HDGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RISR | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | 4.49% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 12.17% | -8.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.45% | 19.95% | -13.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.04% | 23.95% | -11.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.04% | 23.51% | -11.47% |