TBX vs. RISR

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Short 7-10 Year Treasury (TBX) and FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR).

TBX and RISR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBX is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-100%). It was launched on Apr 4, 2011. RISR is an actively managed fund by FolioBeyond. It was launched on Sep 30, 2021.

Performance

TBX vs. RISR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short 7-10 Year Treasury (TBX) and FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR). The values are adjusted to include any dividend payments, if applicable.

TBX vs. RISR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TBX ProShares Short 7-10 Year Treasury	1.57%	-1.15%	8.52%	3.99%	18.31%	-0.18%
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF	1.80%	4.63%	24.20%	7.02%	31.98%	0.02%

Returns By Period

In the year-to-date period, TBX achieves a 1.57% return, which is significantly lower than RISR's 1.80% return.

TBX

• 1D: 0.08%
• 1M: 2.27%
• YTD: 1.57%
• 6M: 2.49%
• 1Y: 4.06%
• 3Y*: 5.11%
• 5Y*: 5.34%
• 10Y*: 1.73%

RISR

• 1D: -0.03%
• 1M: 1.76%
• YTD: 1.80%
• 6M: 4.05%
• 1Y: 6.34%
• 3Y*: 12.12%
• 5Y*: —
• 10Y*: —

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

TBX vs. RISR - Expense Ratio Comparison

TBX has a 0.95% expense ratio, which is lower than RISR's 1.13% expense ratio.

RISR

FolioBeyond Alternative Income and Interest Rate Hedge ETF

TBX

ProShares Short 7-10 Year Treasury

Return for Risk

TBX vs. RISR — Risk / Return Rank

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

TBX

TBX Risk / Return Rank: 23
TBX Sharpe Ratio Rank: 25
TBX Sortino Ratio Rank: 25
TBX Omega Ratio Rank: 26
TBX Calmar Ratio Rank: 21
TBX Martin Ratio Rank: 16

RISR

RISR Risk / Return Rank: 55
RISR Sharpe Ratio Rank: 53
RISR Sortino Ratio Rank: 52
RISR Omega Ratio Rank: 46
RISR Calmar Ratio Rank: 78
RISR Martin Ratio Rank: 47

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.

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 ratio Return per unit of total volatility	0.48	0.99	-0.52
Sortino ratio Return per unit of downside risk	0.75	1.44	-0.69
Omega ratio Gain probability vs. loss probability	1.11	1.19	-0.07
Calmar ratio Return relative to maximum drawdown	0.43	2.20	-1.77
Martin ratio Return relative to average drawdown	0.60	4.70	-4.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TBX vs. RISR - Sharpe Ratio Comparison

The current TBX Sharpe Ratio is 0.48, which is lower than the RISR Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of TBX and RISR, 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

	TBX	RISR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	0.99	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	1.25	-1.42

Correlation

The correlation between TBX and RISR is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TBX vs. RISR - Dividend Comparison

TBX's dividend yield for the trailing twelve months is around 3.09%, less than RISR's 5.93% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
TBX ProShares Short 7-10 Year Treasury	3.09%	3.45%	6.58%	4.07%	0.40%	0.00%	0.10%	1.53%	0.72%
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%

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.

Drawdown Indicators

	TBX	RISR	Difference
Max Drawdown Largest peak-to-trough decline	-41.04%	-14.31%	-26.73%
Max Drawdown (1Y) Largest decline over 1 year	-6.77%	-2.61%	-4.16%
Max Drawdown (5Y) Largest decline over 5 years	-7.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.46%	—	—
Current Drawdown Current decline from peak	-18.30%	-0.36%	-17.94%
Average Drawdown Average peak-to-trough decline	-26.74%	-2.25%	-24.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	1.22%	+3.62%

Volatility

TBX vs. RISR - Volatility Comparison

The current volatility for ProShares Short 7-10 Year Treasury (TBX) is 1.92%, while FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) has a volatility of 2.03%. This indicates that TBX 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.

Volatility by Period

	TBX	RISR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.92%	2.03%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	3.22%	4.02%	-0.80%
Volatility (1Y) Calculated over the trailing 1-year period	8.65%	6.45%	+2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.43%	12.04%	-3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.14%	12.04%	-4.90%