SGOV vs. RISR
SGOV (iShares 0-3 Month Treasury Bond ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. SGOV is passively managed, while RISR is actively managed. Over the past 3 years, SGOV returned 4.65%/yr vs 11.01%/yr for RISR. Their -0.01 correlation means they have often moved in opposite directions in the past. SGOV charges 0.09%/yr vs 1.13%/yr for RISR.
Performance
SGOV vs. RISR - Performance Comparison
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Returns By Period
In the year-to-date period, SGOV achieves a 2.04% return, which is significantly lower than RISR's 4.55% return.
SGOV
- 1D
- 0.03%
- 1M
- 0.30%
- 6M
- 1.80%
- YTD
- 2.04%
- 1Y
- 3.85%
- 3Y*
- 4.65%
- 5Y*
- 3.64%
- 10Y*
- —
- ALL TIME*
- 2.96%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.80M | $3.03M | $3.41M | |
| $1.66B | $1.89B | $2.03B |
SGOV vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 2.04% | 4.24% | 5.27% | 5.12% | 1.58% | 0.01% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 4.55% | 4.63% | 24.20% | 7.02% | 31.98% | -0.04% |
Correlation
The correlation between SGOV and RISR is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | -0.01 |
The correlation between SGOV and RISR shifts across timeframes, from -0.01 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGOV vs. RISR — Risk / Return Rank
SGOV
RISR
SGOV vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) 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.
| SGOV | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +19.84 | ||
| Sortino ratioReturn per unit of downside risk | +381.53 | ||
| Omega ratioGain probability vs. loss probability | 383.06 | 1.16 | +381.90 |
| Calmar ratioReturn relative to maximum drawdown | 390.94 | 1.82 | +389.12 |
| Martin ratioReturn relative to average drawdown | 6,193.70 | 4.32 | +6,189.38 |
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Drawdowns
SGOV vs. RISR - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum RISR drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for SGOV and RISR.
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Drawdown Indicators
| SGOV | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -14.31% | +14.28% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -2.61% | +2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -8.07% | +8.06% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -2.13% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 1.10% | -1.10% |
Volatility
SGOV vs. RISR - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.05%, while FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) has a volatility of 1.09%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than RISR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOV | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 1.09% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 3.55% | -3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.19% | 5.39% | -5.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 11.69% | -11.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 11.69% | -11.45% |
SGOV vs. RISR - Expense Ratio Comparison
SGOV has a 0.09% expense ratio, which is lower than RISR's 1.13% expense ratio.
Dividends
SGOV vs. RISR - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 3.80%, less than RISR's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 5.37% | 5.95% | 5.67% | 7.96% | 4.26% | 0.30% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.80% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
SGOV and RISR have a correlation of 0.12, 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 SGOV (0.05%). In terms of maximum drawdown, SGOV dropped -0.03% vs RISR's -14.31%.
On 3-year performance, RISR leads with 11.01% vs 4.65% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. 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 11.01% return vs 4.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 1.13% for RISR.
RISR has the higher dividend yield at 5.37%, compared with 3.80% for SGOV.
SGOV is categorized as Ultrashort Bond, while RISR is Nontraditional Bonds. They also come from different issuers: iShares and FolioBeyond. Their fees differ too: 0.09% for SGOV and 1.13% for RISR.
SGOV currently has the higher Sharpe Ratio (20.72 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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