YMAX vs. RISR
YMAX (YieldMax Universe Fund of Option Income ETFs) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - YMAX is a Derivative Income fund actively managed by YieldMax, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. Both are actively managed. Over the past year, YMAX returned -2.39% vs 6.29% for RISR. Their -0.09 correlation means they have often moved in opposite directions in the past. YMAX charges 1.33%/yr vs 1.13%/yr for RISR.
Performance
YMAX vs. RISR - Performance Comparison
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Returns By Period
In the year-to-date period, YMAX achieves a 0.68% return, which is significantly lower than RISR's 4.75% return.
YMAX
- 1D
- 1.76%
- 1M
- -1.93%
- 6M
- 5.27%
- YTD
- 0.68%
- 1Y
- -2.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.68%
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 | |
| $9.31M | $11.31M | $14.54M |
YMAX vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YMAX YieldMax Universe Fund of Option Income ETFs | 0.68% | 6.04% | 26.90% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 4.75% | 4.63% | 21.30% |
Correlation
The correlation between YMAX and RISR is -0.20, 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. | -0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2024 | -0.09 |
The correlation between YMAX and RISR shifts across timeframes, from -0.20 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
YMAX vs. RISR — Risk / Return Rank
YMAX
RISR
YMAX vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Universe Fund of Option Income ETFs (YMAX) 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.
| YMAX | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.22 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 2.42 | -2.51 |
| Martin ratioReturn relative to average drawdown | -0.20 | 5.79 | -6.00 |
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Drawdowns
YMAX vs. RISR - Drawdown Comparison
The maximum YMAX drawdown since its inception was -26.13%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for YMAX and RISR.
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Drawdown Indicators
| YMAX | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.13% | -14.31% | -11.82% |
Max Drawdown (1Y)Largest decline over 1 year | -26.13% | -2.61% | -23.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.07% | — |
Current DrawdownCurrent decline from peak | -10.75% | -0.15% | -10.60% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -2.12% | -4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.72% | 1.09% | +10.63% |
Volatility
YMAX vs. RISR - Volatility Comparison
YieldMax Universe Fund of Option Income ETFs (YMAX) has a higher volatility of 6.62% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.13%. This indicates that YMAX'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
| YMAX | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.62% | 1.13% | +5.49% |
Volatility (6M)Calculated over the trailing 6-month period | 20.20% | 3.57% | +16.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.15% | 5.25% | +18.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.51% | 11.67% | +11.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.51% | 11.67% | +11.84% |
YMAX vs. RISR - Expense Ratio Comparison
YMAX has a 1.33% expense ratio, which is higher than RISR's 1.13% expense ratio.
Dividends
YMAX vs. RISR - Dividend Comparison
YMAX's dividend yield for the trailing twelve months is around 71.74%, more than RISR's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 5.88% | 5.95% | 5.67% | 7.96% | 4.26% | 0.30% |
YMAX YieldMax Universe Fund of Option Income ETFs | 71.74% | 78.70% | 44.20% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YMAX and RISR have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YMAX has higher volatility (6.62%) compared to RISR (1.13%). In terms of maximum drawdown, YMAX dropped -26.13% vs RISR's -14.31%.
On 1-year performance, RISR leads with 6.29% vs -2.39% for YMAX. On fees, RISR is cheaper at 1.13% 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 1-year period, RISR has performed better with a 6.29% return vs -2.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RISR is cheaper with a 1.13% expense ratio, compared with 1.33% for YMAX.
YMAX has the higher dividend yield at 71.74%, compared with 5.88% for RISR.
YMAX is categorized as Derivative Income, while RISR is Nontraditional Bonds. They also come from different issuers: YieldMax and FolioBeyond. Their fees differ too: 1.33% for YMAX and 1.13% for RISR.
RISR currently has the higher Sharpe Ratio (1.20 vs -0.10), 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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