5 Best Performing Bond ETFs in 2023

4. FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSE:RISR)

Year To Date Share Price Gains: 10.83%

The FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSE:RISR) invests in rather interesting securities that are called MBS IOs. Short for mortgage backed securities interest only, these require the mortgage borrower to only make interest payments over the time of the loan, with principal repayments made in full when the loan period ends. It is part of the FolioBeyond fund family and has net assets that are worth $56.68 million. More than 10% of its holdings are concentrated in mortgage securities backed by the Government National Mortgage Association (GNMA).