TLT vs. RISR
TLT (iShares 20+ Year Treasury Bond ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. TLT is passively managed, while RISR is actively managed. Over the past 3 years, TLT returned -1.38%/yr vs 10.98%/yr for RISR. At a correlation of -0.47, they often move in opposite directions. TLT charges 0.15%/yr vs 1.13%/yr for RISR.
Performance
TLT vs. RISR - Performance Comparison
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Returns By Period
In the year-to-date period, TLT achieves a 0.27% return, which is significantly lower than RISR's 3.07% return.
TLT
- 1D
- -0.24%
- 1M
- 2.93%
- YTD
- 0.27%
- 6M
- 0.45%
- 1Y
- 3.88%
- 3Y*
- -1.38%
- 5Y*
- -6.53%
- 10Y*
- -1.75%
RISR
- 1D
- -0.18%
- 1M
- -0.33%
- YTD
- 3.07%
- 6M
- 3.20%
- 1Y
- 5.26%
- 3Y*
- 10.98%
- 5Y*
- —
- 10Y*
- —
TLT vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | 0.27% | 4.25% | -8.05% | 2.77% | -31.23% | 3.18% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 3.07% | 4.63% | 24.20% | 7.02% | 31.98% | -0.04% |
Correlation
The correlation between TLT and RISR is -0.31, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | -0.47 |
The correlation between TLT and RISR shifts across timeframes, from -0.47 (all time) to -0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TLT vs. RISR — Risk / Return Rank
TLT
RISR
TLT vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year Treasury Bond ETF (TLT) 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.
| TLT | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.15 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 1.83 | -1.45 |
| Martin ratioReturn relative to average drawdown | 0.92 | 4.33 | -3.41 |
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Drawdowns
TLT vs. RISR - Drawdown Comparison
The maximum TLT drawdown since its inception was -48.35%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for TLT and RISR.
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Drawdown Indicators
| TLT | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.35% | -14.31% | -34.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -2.61% | -4.97% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -8.07% | -11.11% |
Max Drawdown (5Y)Largest decline over 5 years | -43.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.35% | — | — |
Current DrawdownCurrent decline from peak | -40.12% | -0.44% | -39.68% |
Average DrawdownAverage peak-to-trough decline | -13.84% | -2.17% | -11.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 1.10% | +2.04% |
Volatility
TLT vs. RISR - Volatility Comparison
iShares 20+ Year Treasury Bond ETF (TLT) has a higher volatility of 2.83% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.30%. This indicates that TLT'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.
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Volatility by Period
| TLT | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 1.30% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 6.64% | 3.98% | +2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.68% | 5.45% | +4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 11.82% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 11.82% | +3.09% |
TLT vs. RISR - Expense Ratio Comparison
TLT has a 0.15% expense ratio, which is lower than RISR's 1.13% expense ratio.
Dividends
TLT vs. RISR - Dividend Comparison
TLT's dividend yield for the trailing twelve months is around 4.56%, less than RISR's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 5.91% | 5.95% | 5.67% | 7.96% | 4.26% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.56% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
TLT and RISR have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.83%) compared to RISR (1.30%). In terms of maximum drawdown, TLT dropped -48.35% vs RISR's -14.31%.
On 3-year performance, RISR leads with 10.98% vs -1.38% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, RISR has been the lower-risk option at 1.30%. 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 10.98% return vs -1.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 1.13% for RISR.
RISR has the higher dividend yield at 5.91%, compared with 4.56% for TLT.
TLT is categorized as Government Bonds, while RISR is Nontraditional Bonds. They also come from different issuers: iShares and FolioBeyond. Their fees differ too: 0.15% for TLT and 1.13% for RISR.
RISR currently has the higher Sharpe Ratio (0.87 vs 0.30), 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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