RNP vs. RISR

Last updated Aug 4, 2026

RNP (Cohen & Steers REIT and Preferred Income Fund, Inc.) is a stock, while RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) is Nontraditional Bonds fund actively managed by FolioBeyond. Over the past 3 years, RNP returned 10.41%/yr vs 10.07%/yr for RISR. Their -0.17 correlation means they have often moved in opposite directions in the past.

Performance

RNP vs. RISR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) and FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RNP achieves a 8.12% return, which is significantly higher than RISR's 4.75% return.

RNP

• 1D: 0.29%
• 1M: -0.02%
• 6M: 4.60%
• YTD: 8.12%
• 1Y: 0.31%
• 3Y*: 10.41%
• 5Y*: 3.44%
• 10Y*: 7.94%
• ALL TIME*: 8.97%

RISR

• 1D: -0.15%
• 1M: 1.47%
• 6M: 4.83%
• YTD: 4.75%
• 1Y: 6.29%
• 3Y*: 10.07%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.46%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	$3.20M	$3.07M	$3.51M
RNP Cohen & Steers REIT and Preferred Income Fund, Inc.	$1.83M	$1.83M	$2.24M

RNP vs. RISR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RNP Cohen & Steers REIT and Preferred Income Fund, Inc.	8.12%	2.57%	11.88%	7.73%	-19.95%	13.13%
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	4.75%	4.63%	24.20%	7.02%	31.98%	-0.04%

Correlation

The correlation between RNP and RISR is -0.29, 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.	-0.21
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021	-0.17

The correlation between RNP and RISR shifts across timeframes, from -0.29 (1 year) to -0.17 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RNP vs. RISR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RNP

RNP Risk / Return Rank: 41
RNP Sharpe Ratio Rank: 45
RNP Sortino Ratio Rank: 36
RNP Omega Ratio Rank: 35
RNP Calmar Ratio Rank: 45
RNP Martin Ratio Rank: 44

RISR

RISR Risk / Return Rank: 51
RISR Sharpe Ratio Rank: 48
RISR Sortino Ratio Rank: 47
RISR Omega Ratio Rank: 46
RISR Calmar Ratio Rank: 67
RISR Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RNP vs. RISR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) and FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR). 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.

	RNP	RISR	Difference
Sharpe ratio: Return per unit of total volatility	0.02	1.20	-1.18
Sortino ratio: Return per unit of downside risk	0.12	1.76	-1.64
Omega ratio: Gain probability vs. loss probability	1.01	1.22	-0.20
Calmar ratio: Return relative to maximum drawdown	0.03	2.42	-2.40
Martin ratio: Return relative to average drawdown	0.06	5.79	-5.73

RNP vs. RISR - Sharpe Ratio Comparison

The current RNP Sharpe Ratio is 0.02, which is lower than the RISR Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of RNP and RISR, 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

RNP vs. RISR - Drawdown Comparison

The maximum RNP drawdown since its inception was -86.93%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for RNP and RISR.

Drawdown Indicators

	RNP	RISR	Difference
Max Drawdown Largest peak-to-trough decline	-86.93%	-14.31%	-72.62%
Max Drawdown (1Y) Largest decline over 1 year	-11.90%	-2.61%	-9.29%
Max Drawdown (3Y) Largest decline over 3 years	-18.02%	-8.07%	-9.95%
Max Drawdown (5Y) Largest decline over 5 years	-36.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-56.68%	—	—
Current Drawdown Current decline from peak	-2.96%	-0.15%	-2.81%
Average Drawdown Average peak-to-trough decline	-13.06%	-2.12%	-10.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.33%	1.09%	+4.24%

Volatility

RNP vs. RISR - Volatility Comparison

Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) has a higher volatility of 3.04% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.13%. This indicates that RNP's price experiences larger fluctuations and is considered to be riskier than RISR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RNP	RISR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	1.13%	+1.91%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	3.57%	+6.84%
Volatility (1Y) Calculated over the trailing 1-year period	13.41%	5.25%	+8.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.78%	11.67%	+9.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.25%	11.67%	+12.58%

Dividends

RNP vs. RISR - Dividend Comparison

RNP's dividend yield for the trailing twelve months is around 7.96%, more than RISR's 5.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	5.88%	5.95%	5.67%	7.96%	4.26%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RNP Cohen & Steers REIT and Preferred Income Fund, Inc.	7.96%	8.22%	7.81%	8.10%	13.26%	5.20%	6.52%	6.25%	8.36%	7.00%	7.75%	8.03%

Frequently Asked Questions

Can I hold both RNP and RISR in my portfolio?

RNP and RISR have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RNP or RISR?

RNP has higher volatility (3.04%) compared to RISR (1.13%). In terms of maximum drawdown, RNP dropped -86.93% vs RISR's -14.31%.

Which has better risk-adjusted returns?

RISR currently has the higher Sharpe Ratio (1.20 vs 0.02), 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.