RISR vs. HDGE
RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) and HDGE (AdvisorShares Ranger Equity Bear ETF) are both exchange-traded funds - RISR is a Nontraditional Bonds fund actively managed by FolioBeyond, while HDGE is a Inverse Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past 3 years, RISR returned 10.84%/yr vs -3.25%/yr for HDGE. Their 0.09 correlation means their historical movements had little consistent relationship. RISR charges 1.13%/yr vs 3.36%/yr for HDGE.
Performance
RISR vs. HDGE - Performance Comparison
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Returns By Period
In the year-to-date period, RISR achieves a 4.91% return, which is significantly higher than HDGE's -5.56% return.
RISR
- 1D
- 0.23%
- 1M
- 1.62%
- 6M
- 5.38%
- YTD
- 4.91%
- 1Y
- 6.45%
- 3Y*
- 10.84%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.52%
HDGE
- 1D
- 0.40%
- 1M
- -5.26%
- 6M
- -7.86%
- YTD
- -5.56%
- 1Y
- -9.67%
- 3Y*
- -3.25%
- 5Y*
- -5.22%
- 10Y*
- -15.39%
- ALL TIME*
- -15.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.40M | $1.05M | $1.06M | |
| $3.11M | $2.99M | $3.46M |
RISR vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 4.91% | 4.63% | 24.20% | 7.02% | 31.98% | -0.04% |
HDGE AdvisorShares Ranger Equity Bear ETF | -5.56% | 1.50% | -8.01% | -26.98% | 16.59% | -4.08% |
Correlation
The correlation between RISR and HDGE is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | 0.09 |
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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.
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 | HDGE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.94 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | -0.45 | +2.73 |
| Martin ratioReturn relative to average drawdown | 5.46 | -1.23 | +6.69 |
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Drawdowns
RISR vs. HDGE - Drawdown Comparison
The maximum RISR drawdown since its inception was -14.31%, smaller than the maximum HDGE drawdown of -93.98%. 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% | -93.98% | +79.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -20.34% | +17.73% |
Max Drawdown (3Y)Largest decline over 3 years | -8.07% | -30.63% | +22.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.25% | — |
Current DrawdownCurrent decline from peak | 0.00% | -93.80% | +93.80% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -70.33% | +68.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 7.44% | -6.35% |
Volatility
RISR vs. HDGE - Volatility Comparison
The current volatility for FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) is 1.10%, while AdvisorShares Ranger Equity Bear ETF (HDGE) has a volatility of 8.05%. 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 | 1.10% | 8.05% | -6.95% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 15.10% | -11.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.27% | 19.26% | -13.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.67% | 24.40% | -12.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.67% | 23.53% | -11.86% |
RISR vs. HDGE - Expense Ratio Comparison
RISR has a 1.13% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Dividends
RISR vs. HDGE - Dividend Comparison
RISR's dividend yield for the trailing twelve months is around 5.87%, more than HDGE's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HDGE AdvisorShares Ranger Equity Bear ETF | 3.70% | 3.50% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 5.87% | 5.95% | 5.67% | 7.96% | 4.26% | 0.30% | 0.00% | 0.00% |
Frequently Asked Questions
RISR and HDGE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDGE has higher volatility (8.05%) compared to RISR (1.10%). In terms of maximum drawdown, RISR dropped -14.31% vs HDGE's -93.98%.
On 3-year performance, RISR leads with 10.84% vs -3.25% for HDGE. On fees, RISR is cheaper at 1.13% per year. On volatility, RISR has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RISR has performed better with a 10.84% return vs -3.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RISR is cheaper with a 1.13% expense ratio, compared with 3.36% for HDGE.
RISR has the higher dividend yield at 5.87%, compared with 3.70% for HDGE.
RISR is categorized as Nontraditional Bonds, while HDGE is Inverse Equities. They also come from different issuers: FolioBeyond and AdvisorShares. Their fees differ too: 1.13% for RISR and 3.36% for HDGE.
RISR currently has the higher Sharpe Ratio (1.13 vs -0.48), 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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