RISR vs SPY
FolioBeyond Alternative Income and Interest Rate Hedge ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | RISR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.04% | 0.09% | |
| AUM | $327M | $814.4B | |
| Dividend Yield | 6.38% | 1.01% | |
| Holdings | 143 | 505 | |
| YTD Return | +6.38% | +13.78% | |
| 1Y Return | +5.37% | +21.44% | |
| 3Y Return (annualized) | +10.14% | +21.38% | |
| 5Y Return (annualized) | +14.42% | +12.80% | |
| Volatility (annualized) | 10.1% | 15.2% | |
| Max Drawdown | -14.3% | -56.5% | |
| Fund Family | FolioBeyond | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 30, 2021 | Jan 22, 1993 |
RISR vs SPY Performance
FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) is a ETF from FolioBeyond and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RISR returned +5.37% while SPY returned +21.44%. Year to date, RISR is up 6.38% versus a gain of 13.78% for SPY.
Over three years, RISR compounded at +10.14% per year against +21.38% for SPY; over five years the annualized figures are +14.42% and +12.80% respectively. Across the full 5-year window we track, RISR has the edge at +14.42% annualized vs +8.83%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 10.1% for RISR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.3% for RISR and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RISR charges 1.04% per year while SPY charges 0.09%. On a $10,000 position that is $104 vs $9 annually, a gap of $95 per year that compounds over a long holding period. On income, RISR currently yields 6.38% against 1.01% for SPY.
Holdings Overlap
RISR and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RISR or SPY?
RISR has an expense ratio of 1.04% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $95 per year of difference.
Which performed better, RISR or SPY?
Over the past year RISR returned +5.37% vs +21.44% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), RISR annualized +14.42% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, RISR or SPY?
SPY has been the more volatile fund at 15.2% annualized versus 10.1% for RISR. Worst drawdown: RISR -14.3% vs SPY -56.5%.
Should I hold both RISR and SPY?
RISR and SPY have a monthly-return correlation of -0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RISR and SPY?
RISR and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, RISR or SPY?
RISR yields 6.38% while SPY yields 1.01%, so RISR currently pays the higher dividend yield.
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