WAVLX vs. RISR
Compare and contrast key facts about Wavelength Interest Rate Neutral Fund (WAVLX) and FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR).
WAVLX is managed by Wavelength Funds. It was launched on Sep 29, 2013. RISR is an actively managed fund by FolioBeyond. It was launched on Sep 30, 2021.
Performance
WAVLX vs. RISR - Performance Comparison
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WAVLX vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WAVLX Wavelength Interest Rate Neutral Fund | -0.07% | 9.86% | 5.21% | 7.02% | -11.34% | 0.81% |
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, WAVLX achieves a -0.07% return, which is significantly lower than RISR's 1.80% return.
WAVLX
- 1D
- 0.50%
- 1M
- -2.04%
- YTD
- -0.07%
- 6M
- 0.91%
- 1Y
- 7.66%
- 3Y*
- 6.36%
- 5Y*
- 2.44%
- 10Y*
- 4.01%
RISR
- 1D
- -0.03%
- 1M
- 1.76%
- YTD
- 1.80%
- 6M
- 4.05%
- 1Y
- 6.34%
- 3Y*
- 12.12%
- 5Y*
- —
- 10Y*
- —
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WAVLX vs. RISR - Expense Ratio Comparison
WAVLX has a 0.99% expense ratio, which is lower than RISR's 1.13% expense ratio.
Return for Risk
WAVLX vs. RISR — Risk / Return Rank
WAVLX
RISR
WAVLX vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wavelength Interest Rate Neutral Fund (WAVLX) 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.
| WAVLX | RISR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 0.99 | +0.38 |
Sortino ratioReturn per unit of downside risk | 1.97 | 1.44 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.20 | -0.44 |
Martin ratioReturn relative to average drawdown | 8.68 | 4.70 | +3.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WAVLX | RISR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 0.99 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.25 | -0.64 |
Correlation
The correlation between WAVLX and RISR is -0.39. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
WAVLX vs. RISR - Dividend Comparison
WAVLX's dividend yield for the trailing twelve months is around 3.63%, less than RISR's 5.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAVLX Wavelength Interest Rate Neutral Fund | 3.63% | 3.67% | 4.41% | 4.83% | 3.63% | 2.83% | 2.21% | 4.96% | 2.65% | 2.09% | 2.13% | 2.18% |
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% | 0.00% | 0.00% | 0.00% |
Drawdowns
WAVLX vs. RISR - Drawdown Comparison
The maximum WAVLX drawdown since its inception was -14.39%, roughly equal to the maximum RISR drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for WAVLX and RISR.
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Drawdown Indicators
| WAVLX | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -14.31% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.54% | -2.61% | -1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -14.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.39% | — | — |
Current DrawdownCurrent decline from peak | -2.35% | -0.36% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -2.25% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 1.22% | -0.30% |
Volatility
WAVLX vs. RISR - Volatility Comparison
Wavelength Interest Rate Neutral Fund (WAVLX) and FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) have volatilities of 2.08% and 2.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAVLX | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 2.03% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 4.02% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 6.45% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.55% | 12.04% | -6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 12.04% | -6.76% |