WIP vs. RISR
WIP (SPDR FTSE International Government Inflation-Protected Bond ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - WIP is a Inflation-Protected Bonds fund tracking the FTSE International Inflation-Linked Securities Select (USD), while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. WIP is passively managed, while RISR is actively managed. Over the past 3 years, WIP returned 3.95%/yr vs 10.07%/yr for RISR. Their -0.31 correlation means they have often moved in opposite directions in the past. WIP charges 0.50%/yr vs 1.13%/yr for RISR.
Performance
WIP vs. RISR - Performance Comparison
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Returns By Period
In the year-to-date period, WIP achieves a 3.08% return, which is significantly lower than RISR's 4.75% return.
WIP
- 1D
- -0.46%
- 1M
- 0.67%
- 6M
- -0.20%
- YTD
- 3.08%
- 1Y
- 8.01%
- 3Y*
- 3.95%
- 5Y*
- -0.93%
- 10Y*
- 1.22%
- ALL TIME*
- 1.19%
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 | |
| $1.39M | $2.40M | $4.36M |
WIP vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 3.08% | 15.18% | -8.71% | 8.84% | -15.54% | 0.69% |
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 WIP and RISR is -0.29, 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. | -0.29 |
Correlation (3Y) Balances recent behavior with more history. | -0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | -0.31 |
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Return for Risk
WIP vs. RISR — Risk / Return Rank
WIP
RISR
WIP vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) 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.
| WIP | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.42 | -0.86 |
| Martin ratioReturn relative to average drawdown | 4.81 | 5.79 | -0.98 |
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Drawdowns
WIP vs. RISR - Drawdown Comparison
The maximum WIP drawdown since its inception was -29.60%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for WIP and RISR.
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Drawdown Indicators
| WIP | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.60% | -14.31% | -15.29% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -2.61% | -2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -11.16% | -8.07% | -3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -28.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.84% | — | — |
Current DrawdownCurrent decline from peak | -5.00% | -0.15% | -4.85% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -2.12% | -6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.09% | +0.58% |
Volatility
WIP vs. RISR - Volatility Comparison
SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) has a higher volatility of 2.26% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.13%. This indicates that WIP'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
| WIP | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 1.13% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.00% | 3.57% | +3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.55% | 5.25% | +3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.45% | 11.67% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.14% | 11.67% | -1.53% |
WIP vs. RISR - Expense Ratio Comparison
WIP has a 0.50% expense ratio, which is lower than RISR's 1.13% expense ratio.
Dividends
WIP vs. RISR - Dividend Comparison
WIP's dividend yield for the trailing twelve months is around 6.12%, more 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% |
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 6.12% | 5.51% | 6.06% | 6.54% | 11.15% | 4.63% | 1.59% | 2.49% | 4.05% | 1.91% | 1.27% | 1.14% |
Frequently Asked Questions
WIP and RISR have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WIP has higher volatility (2.26%) compared to RISR (1.13%). In terms of maximum drawdown, WIP dropped -29.60% vs RISR's -14.31%.
On 3-year performance, RISR leads with 10.07% vs 3.95% for WIP. On fees, WIP is cheaper at 0.50% 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, RISR has performed better with a 10.07% return vs 3.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WIP is cheaper with a 0.50% expense ratio, compared with 1.13% for RISR.
WIP has the higher dividend yield at 6.12%, compared with 5.88% for RISR.
WIP is categorized as Inflation-Protected Bonds, while RISR is Nontraditional Bonds. They also come from different issuers: State Street and FolioBeyond. Their fees differ too: 0.50% for WIP and 1.13% for RISR.
RISR currently has the higher Sharpe Ratio (1.20 vs 0.94), 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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