RISR vs. TLT
RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - RISR is a Nontraditional Bonds fund actively managed by FolioBeyond, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. RISR is actively managed, while TLT is passively managed. Over the past 3 years, RISR returned 10.84%/yr vs -1.80%/yr for TLT. Their -0.47 correlation means they have often moved in opposite directions in the past. RISR charges 1.13%/yr vs 0.15%/yr for TLT.
Performance
RISR vs. TLT - 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 TLT's -3.49% 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%
TLT
- 1D
- -0.66%
- 1M
- -3.81%
- 6M
- -3.46%
- YTD
- -3.49%
- 1Y
- -2.45%
- 3Y*
- -1.80%
- 5Y*
- -8.18%
- 10Y*
- -2.38%
- ALL TIME*
- 3.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.11M | $2.99M | $3.46M | |
| $2.33B | $2.02B | $2.19B |
RISR vs. TLT - 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% |
TLT iShares 20+ Year Treasury Bond ETF | -3.49% | 4.25% | -8.05% | 2.77% | -31.23% | 3.18% |
Correlation
The correlation between RISR and TLT is -0.30, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.30 |
Correlation (3Y) Balances recent behavior with more history. | -0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | -0.47 |
The correlation between RISR and TLT shifts across timeframes, from -0.47 (3 years) to -0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RISR vs. TLT — Risk / Return Rank
RISR
TLT
RISR vs. TLT - 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 iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.99 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | -0.14 | +2.42 |
| Martin ratioReturn relative to average drawdown | 5.46 | -0.30 | +5.75 |
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Drawdowns
RISR vs. TLT - Drawdown Comparison
The maximum RISR drawdown since its inception was -14.31%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for RISR and TLT.
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Drawdown Indicators
| RISR | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -48.35% | +34.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -7.74% | +5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -8.07% | -14.79% | +6.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | 0.00% | -42.36% | +42.36% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -13.99% | +11.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 3.57% | -2.48% |
Volatility
RISR vs. TLT - Volatility Comparison
The current volatility for FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) is 1.10%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.46%. This indicates that RISR experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RISR | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 2.46% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 6.85% | -3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.27% | 9.32% | -4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.67% | 15.74% | -4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.67% | 14.83% | -3.16% |
RISR vs. TLT - Expense Ratio Comparison
RISR has a 1.13% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
RISR vs. TLT - Dividend Comparison
RISR's dividend yield for the trailing twelve months is around 5.87%, more than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.34% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
RISR and TLT have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.46%) compared to RISR (1.10%). In terms of maximum drawdown, RISR dropped -14.31% vs TLT's -48.35%.
On 3-year performance, RISR leads with 10.84% vs -1.80% for TLT. On fees, TLT is cheaper at 0.15% 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 -1.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 1.13% for RISR.
RISR has the higher dividend yield at 5.87%, compared with 4.34% for TLT.
RISR is categorized as Nontraditional Bonds, while TLT is Government Bonds. They also come from different issuers: FolioBeyond and iShares. Their fees differ too: 1.13% for RISR and 0.15% for TLT.
RISR currently has the higher Sharpe Ratio (1.13 vs -0.11), 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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