TBX vs. RISR
TBX (ProShares Short 7-10 Year Treasury) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - TBX is a Inverse Bonds fund tracking the ICE BofA US Treasury (7-10 Y) (-100%), while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. TBX is passively managed, while RISR is actively managed. Over the past 3 years, TBX returned 4.72%/yr vs 10.70%/yr for RISR. A 0.51 correlation means they provide meaningful diversification when combined. TBX charges 0.95%/yr vs 1.13%/yr for RISR.
Performance
TBX vs. RISR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TBX achieves a 2.92% return, which is significantly higher than RISR's 2.73% return.
TBX
- 1D
- -0.11%
- 1M
- 0.55%
- YTD
- 2.92%
- 6M
- 3.57%
- 1Y
- 2.73%
- 3Y*
- 4.72%
- 5Y*
- 5.96%
- 10Y*
- 1.90%
RISR
- 1D
- -0.06%
- 1M
- -0.41%
- YTD
- 2.73%
- 6M
- 4.18%
- 1Y
- 3.80%
- 3Y*
- 10.70%
- 5Y*
- —
- 10Y*
- —
TBX vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TBX ProShares Short 7-10 Year Treasury | 2.92% | -1.15% | 8.52% | 3.99% | 18.31% | -0.18% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 2.73% | 4.63% | 24.20% | 7.02% | 31.98% | 0.02% |
Correlation
The correlation between TBX and RISR is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2021 | 0.51 |
The correlation between TBX and RISR shifts across timeframes, from 0.36 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TBX vs. RISR — Risk / Return Rank
TBX
RISR
TBX vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short 7-10 Year Treasury (TBX) 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.
| TBX | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.12 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.47 | -0.66 |
| Martin ratioReturn relative to average drawdown | 1.52 | 3.47 | -1.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TBX | RISR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.70 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 1.23 | -1.39 |
Drawdowns
TBX vs. RISR - Drawdown Comparison
The maximum TBX drawdown since its inception was -41.04%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for TBX and RISR.
Loading charts...
Drawdown Indicators
| TBX | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.04% | -14.31% | -26.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.39% | -2.61% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -7.77% | -8.07% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -7.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.46% | — | — |
Current DrawdownCurrent decline from peak | -17.22% | -0.76% | -16.46% |
Average DrawdownAverage peak-to-trough decline | -26.64% | -2.18% | -24.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 1.11% | +0.69% |
Volatility
TBX vs. RISR - Volatility Comparison
ProShares Short 7-10 Year Treasury (TBX) has a higher volatility of 1.68% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.27%. This indicates that TBX'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.
Loading charts...
Volatility by Period
| TBX | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.27% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.39% | 4.03% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 5.43% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 11.85% | -3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.14% | 11.85% | -4.71% |
TBX vs. RISR - Expense Ratio Comparison
TBX has a 0.95% expense ratio, which is lower than RISR's 1.13% expense ratio.
Dividends
TBX vs. RISR - Dividend Comparison
TBX's dividend yield for the trailing twelve months is around 3.05%, less than RISR's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 5.93% | 5.95% | 5.67% | 7.96% | 4.26% | 0.30% | 0.00% | 0.00% | 0.00% |
TBX ProShares Short 7-10 Year Treasury | 3.05% | 3.45% | 6.58% | 4.07% | 0.40% | 0.00% | 0.10% | 1.53% | 0.72% |
Frequently Asked Questions
TBX and RISR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TBX has higher volatility (1.68%) compared to RISR (1.27%). In terms of maximum drawdown, TBX dropped -41.04% vs RISR's -14.31%.
On 3-year performance, RISR leads with 10.70% vs 4.72% for TBX. On fees, TBX is cheaper at 0.95% per year. On volatility, RISR has been the lower-risk option at 1.27%. 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 10.70% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TBX is cheaper with a 0.95% expense ratio, compared with 1.13% for RISR.
RISR has the higher dividend yield at 5.93%, compared with 3.05% for TBX.
TBX is categorized as Inverse Bonds, while RISR is Nontraditional Bonds. They also come from different issuers: ProShares and FolioBeyond. Their fees differ too: 0.95% for TBX and 1.13% for RISR.
RISR currently has the higher Sharpe Ratio (0.70 vs 0.56), 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.
Find the right allocation for TBX and RISR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer