RYJ vs. FDLS

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Raymond James SB-1 Equity ETF (RYJ) and Inspire Fidelis Multi Factor ETF (FDLS).

RYJ and FDLS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RYJ is a passively managed fund by Invesco that tracks the performance of the Raymond James SB-1 Equity Index. It was launched on May 19, 2006. FDLS is a passively managed fund by Inspire that tracks the performance of the WI Fidelis Multi-Cap, Multi-Factor Index - Benchmark TR Gross. It was launched on Aug 23, 2022. Both RYJ and FDLS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

RYJ vs. FDLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Raymond James SB-1 Equity ETF (RYJ) and Inspire Fidelis Multi Factor ETF (FDLS). The values are adjusted to include any dividend payments, if applicable.

RYJ vs. FDLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RYJ Invesco Raymond James SB-1 Equity ETF	-1.52%	8.89%	13.28%	15.65%	-7.75%
FDLS Inspire Fidelis Multi Factor ETF	3.62%	22.47%	7.41%	20.70%	-1.68%

Returns By Period

In the year-to-date period, RYJ achieves a -1.52% return, which is significantly lower than FDLS's 3.62% return.

RYJ

• 1D: 1.89%
• 1M: -8.31%
• YTD: -1.52%
• 6M: -1.02%
• 1Y: 5.88%
• 3Y*: 11.18%
• 5Y*: 5.62%
• 10Y*: 9.35%

FDLS

• 1D: 2.61%
• 1M: -5.60%
• YTD: 3.62%
• 6M: 6.33%
• 1Y: 32.55%
• 3Y*: 17.02%
• 5Y*: —
• 10Y*: —

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

RYJ vs. FDLS - Expense Ratio Comparison

RYJ has a 0.40% expense ratio, which is lower than FDLS's 0.76% expense ratio.

FDLS

Inspire Fidelis Multi Factor ETF

RYJ

Invesco Raymond James SB-1 Equity ETF

Return for Risk

RYJ vs. FDLS — Risk / Return Rank

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

RYJ

RYJ Risk / Return Rank: 23
RYJ Sharpe Ratio Rank: 22
RYJ Sortino Ratio Rank: 22
RYJ Omega Ratio Rank: 21
RYJ Calmar Ratio Rank: 25
RYJ Martin Ratio Rank: 26

FDLS

FDLS Risk / Return Rank: 82
FDLS Sharpe Ratio Rank: 81
FDLS Sortino Ratio Rank: 81
FDLS Omega Ratio Rank: 79
FDLS Calmar Ratio Rank: 82
FDLS Martin Ratio Rank: 86

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.

RYJ vs. FDLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Raymond James SB-1 Equity ETF (RYJ) and Inspire Fidelis Multi Factor ETF (FDLS). 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.

	RYJ	FDLS	Difference
Sharpe ratio Return per unit of total volatility	0.35	1.51	-1.17
Sortino ratio Return per unit of downside risk	0.62	2.10	-1.48
Omega ratio Gain probability vs. loss probability	1.08	1.30	-0.22
Calmar ratio Return relative to maximum drawdown	0.57	2.32	-1.76
Martin ratio Return relative to average drawdown	2.11	10.20	-8.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYJ vs. FDLS - Sharpe Ratio Comparison

The current RYJ Sharpe Ratio is 0.35, which is lower than the FDLS Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of RYJ and FDLS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RYJ	FDLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	1.51	-1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.75	-0.43

Correlation

The correlation between RYJ and FDLS is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

RYJ vs. FDLS - Dividend Comparison

RYJ's dividend yield for the trailing twelve months is around 1.77%, more than FDLS's 0.95% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYJ Invesco Raymond James SB-1 Equity ETF	1.77%	1.75%	1.28%	1.39%	0.72%	0.52%	0.28%	0.20%	1.43%	0.00%	1.55%	0.93%
FDLS Inspire Fidelis Multi Factor ETF	0.95%	0.86%	7.26%	0.97%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

RYJ vs. FDLS - Drawdown Comparison

The maximum RYJ drawdown since its inception was -60.74%, which is greater than FDLS's maximum drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for RYJ and FDLS.

Drawdown Indicators

	RYJ	FDLS	Difference
Max Drawdown Largest peak-to-trough decline	-60.74%	-23.32%	-37.42%
Max Drawdown (1Y) Largest decline over 1 year	-11.87%	-14.05%	+2.18%
Max Drawdown (5Y) Largest decline over 5 years	-24.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.20%	—	—
Current Drawdown Current decline from peak	-8.31%	-6.22%	-2.09%
Average Drawdown Average peak-to-trough decline	-10.33%	-4.00%	-6.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	3.20%	-0.01%

Volatility

RYJ vs. FDLS - Volatility Comparison

The current volatility for Invesco Raymond James SB-1 Equity ETF (RYJ) is 4.82%, while Inspire Fidelis Multi Factor ETF (FDLS) has a volatility of 7.42%. This indicates that RYJ experiences smaller price fluctuations and is considered to be less risky than FDLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYJ	FDLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	7.42%	-2.60%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	13.67%	-3.85%
Volatility (1Y) Calculated over the trailing 1-year period	17.00%	21.60%	-4.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.64%	19.24%	-0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.64%	19.24%	+2.40%