RISR vs. SHLD

Last updated Jun 14, 2026

RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - RISR is a Nontraditional Bonds fund actively managed by FolioBeyond, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. RISR is actively managed, while SHLD is passively managed. Over the past year, RISR returned 5.26% vs 8.26% for SHLD. At a correlation of -0.07, they often move in opposite directions. RISR charges 1.13%/yr vs 0.50%/yr for SHLD.

Performance

RISR vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RISR achieves a 3.07% return, which is significantly higher than SHLD's -1.50% return.

RISR

• 1D: -0.18%
• 1M: -0.33%
• YTD: 3.07%
• 6M: 3.20%
• 1Y: 5.26%
• 3Y*: 10.98%
• 5Y*: —
• 10Y*: —

SHLD

• 1D: -2.04%
• 1M: 2.37%
• YTD: -1.50%
• 6M: -1.03%
• 1Y: 8.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RISR vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	3.07%	4.63%	24.20%	-2.74%
SHLD Global X Defense Tech ETF	-1.50%	74.16%	35.03%	12.89%

Correlation

The correlation between RISR and SHLD is -0.09, 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	-0.09
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	-0.07

Return for Risk

RISR vs. SHLD — Risk / Return Rank

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

RISR

RISR Risk / Return Rank: 31
RISR Sharpe Ratio Rank: 27
RISR Sortino Ratio Rank: 26
RISR Omega Ratio Rank: 25
RISR Calmar Ratio Rank: 42
RISR Martin Ratio Rank: 33

SHLD

SHLD Risk / Return Rank: 16
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 17
SHLD Omega Ratio Rank: 16
SHLD Calmar Ratio Rank: 16
SHLD Martin Ratio Rank: 16

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.

RISR vs. SHLD - 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 Global X Defense Tech ETF (SHLD). 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	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	0.87	0.43	+0.45
Sortino ratio: Return per unit of downside risk	1.28	0.78	+0.50
Omega ratio: Gain probability vs. loss probability	1.15	1.09	+0.07
Calmar ratio: Return relative to maximum drawdown	1.83	0.52	+1.31
Martin ratio: Return relative to average drawdown	4.33	1.28	+3.04

RISR vs. SHLD - Sharpe Ratio Comparison

The current RISR Sharpe Ratio is 0.87, which is higher than the SHLD Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of RISR and SHLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RISR vs. SHLD - Drawdown Comparison

The maximum RISR drawdown since its inception was -14.31%, smaller than the maximum SHLD drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for RISR and SHLD.

Drawdown Indicators

	RISR	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-14.31%	-20.10%	+5.79%
Max Drawdown (1Y) Largest decline over 1 year	-2.61%	-20.10%	+17.49%
Max Drawdown (3Y) Largest decline over 3 years	-8.07%	—	—
Current Drawdown Current decline from peak	-0.44%	-18.20%	+17.76%
Average Drawdown Average peak-to-trough decline	-2.17%	-3.34%	+1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	8.12%	-7.02%

Volatility

RISR vs. SHLD - Volatility Comparison

The current volatility for FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) is 1.30%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.05%. This indicates that RISR experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RISR	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.30%	9.05%	-7.75%
Volatility (6M) Calculated over the trailing 6-month period	3.98%	19.94%	-15.96%
Volatility (1Y) Calculated over the trailing 1-year period	5.45%	24.55%	-19.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.82%	21.29%	-9.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.82%	21.29%	-9.47%

RISR vs. SHLD - Expense Ratio Comparison

RISR has a 1.13% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

RISR vs. SHLD - Dividend Comparison

RISR's dividend yield for the trailing twelve months is around 5.91%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	5.91%	5.95%	5.67%	7.96%	4.26%	0.30%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RISR and SHLD in my portfolio?

RISR and SHLD have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RISR or SHLD?

SHLD has higher volatility (9.05%) compared to RISR (1.30%). In terms of maximum drawdown, RISR dropped -14.31% vs SHLD's -20.10%.

Which ETF is better, RISR or SHLD?

On 1-year performance, SHLD leads with 8.26% vs 5.26% for RISR. On fees, SHLD is cheaper at 0.50% per year. On volatility, RISR has been the lower-risk option at 1.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RISR or SHLD?

Over the 1-year period, SHLD has performed better with a 8.26% return vs 5.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RISR or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 1.13% for RISR.

Which ETF pays a higher dividend yield, RISR or SHLD?

RISR has the higher dividend yield at 5.91%, compared with 0.56% for SHLD.

What is the main difference between RISR and SHLD?

RISR is categorized as Nontraditional Bonds, while SHLD is Aerospace & Defense. They also come from different issuers: FolioBeyond and Global X. Their fees differ too: 1.13% for RISR and 0.50% for SHLD.

Which has better risk-adjusted returns?

RISR currently has the higher Sharpe Ratio (0.87 vs 0.43), 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.