TLTD vs. RISR
TLTD (FlexShares Morningstar Developed Markets ex-US Factor Tilt) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - TLTD is a Global Equities fund tracking the Morningstar Developed Markets ex-US Factor Tilt Index, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. TLTD is passively managed, while RISR is actively managed. Over the past 3 years, TLTD returned 19.91%/yr vs 10.07%/yr for RISR. Their -0.12 correlation means they have often moved in opposite directions in the past. TLTD charges 0.39%/yr vs 1.13%/yr for RISR.
Performance
TLTD vs. RISR - Performance Comparison
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Returns By Period
In the year-to-date period, TLTD achieves a 11.20% return, which is significantly higher than RISR's 4.75% return.
TLTD
- 1D
- 0.36%
- 1M
- 2.49%
- 6M
- 5.50%
- YTD
- 11.20%
- 1Y
- 27.13%
- 3Y*
- 19.91%
- 5Y*
- 10.43%
- 10Y*
- 9.84%
- ALL TIME*
- 8.38%
RISR
- 1D
- -0.15%
- 1M
- 1.47%
- 6M
- 4.83%
- YTD
- 4.75%
- 1Y
- 6.29%
- 3Y*
- 10.07%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.20M | $3.07M | $3.51M | |
| $470.57K | $675.01K | $784.22K |
TLTD vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 11.20% | 39.69% | 4.78% | 17.19% | -13.74% | 2.03% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 4.75% | 4.63% | 24.20% | 7.02% | 31.98% | -0.04% |
Correlation
The correlation between TLTD and RISR is -0.28, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.28 |
Correlation (3Y) Balances recent behavior with more history. | -0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | -0.12 |
The correlation between TLTD and RISR shifts across timeframes, from -0.28 (1 year) to -0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TLTD vs. RISR — Risk / Return Rank
TLTD
RISR
TLTD vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) 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.
| TLTD | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.22 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.42 | -0.17 |
| Martin ratioReturn relative to average drawdown | 8.35 | 5.79 | +2.55 |
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Drawdowns
TLTD vs. RISR - Drawdown Comparison
The maximum TLTD drawdown since its inception was -40.62%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for TLTD and RISR.
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Drawdown Indicators
| TLTD | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.62% | -14.31% | -26.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -2.61% | -9.50% |
Max Drawdown (3Y)Largest decline over 3 years | -13.10% | -8.07% | -5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -28.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.62% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.15% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -2.12% | -5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 1.09% | +2.17% |
Volatility
TLTD vs. RISR - Volatility Comparison
FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) has a higher volatility of 4.05% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.13%. This indicates that TLTD'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
| TLTD | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 1.13% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 12.64% | 3.57% | +9.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 5.25% | +9.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 11.67% | +4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 11.67% | +4.87% |
TLTD vs. RISR - Expense Ratio Comparison
TLTD has a 0.39% expense ratio, which is lower than RISR's 1.13% expense ratio.
Dividends
TLTD vs. RISR - Dividend Comparison
TLTD's dividend yield for the trailing twelve months is around 3.29%, less than RISR's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 5.88% | 5.95% | 5.67% | 7.96% | 4.26% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 3.29% | 3.44% | 3.88% | 3.39% | 2.76% | 3.44% | 2.04% | 3.46% | 3.16% | 2.71% | 2.93% | 2.56% |
Frequently Asked Questions
TLTD and RISR have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLTD has higher volatility (4.05%) compared to RISR (1.13%). In terms of maximum drawdown, TLTD dropped -40.62% vs RISR's -14.31%.
On 3-year performance, TLTD leads with 19.91% vs 10.07% for RISR. On fees, TLTD is cheaper at 0.39% per year. On volatility, RISR has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TLTD has performed better with a 19.91% return vs 10.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLTD is cheaper with a 0.39% expense ratio, compared with 1.13% for RISR.
RISR has the higher dividend yield at 5.88%, compared with 3.29% for TLTD.
TLTD is categorized as Global Equities, while RISR is Nontraditional Bonds. They also come from different issuers: Northern Trust and FolioBeyond. Their fees differ too: 0.39% for TLTD and 1.13% for RISR.
TLTD currently has the higher Sharpe Ratio (1.83 vs 1.20), 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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