RISR vs. SHRIX
RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) and SHRIX (Stone Ridge High Yield Reinsurance Risk Premium Fund Class I) are both funds - RISR is a Nontraditional Bonds fund actively managed by FolioBeyond, while SHRIX is a Multistrategy fund actively managed by Stone Ridge. Both are actively managed. Over the past 3 years, RISR returned 11.01%/yr vs 12.87%/yr for SHRIX. Their -0.02 correlation means they have often moved in opposite directions in the past. RISR charges 1.13%/yr vs 1.76%/yr for SHRIX.
Performance
RISR vs. SHRIX - Performance Comparison
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Returns By Period
In the year-to-date period, RISR achieves a 4.55% return, which is significantly higher than SHRIX's 2.85% return.
RISR
- 1D
- 0.00%
- 1M
- 1.55%
- 6M
- 4.88%
- YTD
- 4.55%
- 1Y
- 5.16%
- 3Y*
- 11.01%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.50%
SHRIX
- 1D
- 0.00%
- 1M
- 0.81%
- 6M
- 2.27%
- YTD
- 2.85%
- 1Y
- 11.55%
- 3Y*
- 12.87%
- 5Y*
- 9.20%
- 10Y*
- —
- ALL TIME*
- 5.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.80M | $3.03M | $3.41M | |
| $0.00 | $0.00 | $0.00 |
RISR vs. SHRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 4.55% | 4.63% | 24.20% | 7.02% | 31.98% | -0.04% |
SHRIX Stone Ridge High Yield Reinsurance Risk Premium Fund Class I | 2.85% | 10.70% | 16.73% | 21.07% | -3.37% | -0.18% |
Correlation
The correlation between RISR and SHRIX is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | -0.02 |
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Return for Risk
RISR vs. SHRIX — Risk / Return Rank
RISR
SHRIX
RISR vs. SHRIX - 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 Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX). 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 | SHRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.14 | ||
| Sortino ratioReturn per unit of downside risk | -4.54 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 4.85 | -3.69 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 6.33 | -4.50 |
| Martin ratioReturn relative to average drawdown | 4.32 | 21.97 | -17.66 |
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Drawdowns
RISR vs. SHRIX - Drawdown Comparison
The maximum RISR drawdown since its inception was -14.31%, roughly equal to the maximum SHRIX drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for RISR and SHRIX.
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Drawdown Indicators
| RISR | SHRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -14.34% | +0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -1.87% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -8.07% | -6.91% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.69% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -2.03% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.54% | +0.56% |
Volatility
RISR vs. SHRIX - Volatility Comparison
FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) has a higher volatility of 1.09% compared to Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX) at 0.25%. This indicates that RISR's price experiences larger fluctuations and is considered to be riskier than SHRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RISR | SHRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.25% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 2.02% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 2.36% | +3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.69% | 6.27% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.69% | 6.24% | +5.45% |
RISR vs. SHRIX - Expense Ratio Comparison
RISR has a 1.13% expense ratio, which is lower than SHRIX's 1.76% expense ratio.
Dividends
RISR vs. SHRIX - Dividend Comparison
RISR's dividend yield for the trailing twelve months is around 5.86%, less than SHRIX's 11.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 5.37% | 5.95% | 5.67% | 7.96% | 4.26% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
SHRIX Stone Ridge High Yield Reinsurance Risk Premium Fund Class I | 11.13% | 10.92% | 14.34% | 12.34% | 3.89% | 4.61% | 6.34% | 5.06% | 5.09% | 0.35% |
Frequently Asked Questions
RISR and SHRIX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RISR has higher volatility (1.09%) compared to SHRIX (0.25%). In terms of maximum drawdown, RISR dropped -14.31% vs SHRIX's -14.34%.
SHRIX currently has the higher Sharpe Ratio (5.03 vs 0.88), 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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