AGOX vs. RSBY

Last updated Jul 12, 2026

AGOX (Adaptive Alpha Opportunities ETF) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both exchange-traded funds - AGOX is a Tactical Allocation fund actively managed by Adaptive Funds, while RSBY is a Multistrategy fund actively managed by Return Stacked. Both are actively managed. Over the past year, AGOX returned 22.18% vs 17.35% for RSBY. At a correlation of -0.21, they often move in opposite directions. AGOX charges 1.33%/yr vs 0.98%/yr for RSBY.

Performance

AGOX vs. RSBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adaptive Alpha Opportunities ETF (AGOX) and Return Stacked Bonds & Futures Yield ETF (RSBY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGOX achieves a 20.73% return, which is significantly higher than RSBY's 18.52% return.

AGOX

• 1D: 0.32%
• 1M: -1.60%
• 6M: 15.05%
• YTD: 20.73%
• 1Y: 22.18%
• 3Y*: 16.44%
• 5Y*: 8.58%
• 10Y*: —

RSBY

• 1D: -0.60%
• 1M: -0.71%
• 6M: 17.92%
• YTD: 18.52%
• 1Y: 17.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGOX vs. RSBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AGOX Adaptive Alpha Opportunities ETF	20.73%	8.58%	-4.13%
RSBY Return Stacked Bonds & Futures Yield ETF	18.52%	-12.98%	-7.79%

Correlation

The correlation between AGOX and RSBY is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	-0.21

Return for Risk

AGOX vs. RSBY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGOX

AGOX Risk / Return Rank: 39
AGOX Sharpe Ratio Rank: 40
AGOX Sortino Ratio Rank: 43
AGOX Omega Ratio Rank: 40
AGOX Calmar Ratio Rank: 34
AGOX Martin Ratio Rank: 40

RSBY

RSBY Risk / Return Rank: 51
RSBY Sharpe Ratio Rank: 55
RSBY Sortino Ratio Rank: 57
RSBY Omega Ratio Rank: 51
RSBY Calmar Ratio Rank: 54
RSBY Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGOX vs. RSBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adaptive Alpha Opportunities ETF (AGOX) and Return Stacked Bonds & Futures Yield ETF (RSBY). 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.

	AGOX	RSBY	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.50	-0.36
Sortino ratio: Return per unit of downside risk	1.80	2.18	-0.39
Omega ratio: Gain probability vs. loss probability	1.22	1.26	-0.04
Calmar ratio: Return relative to maximum drawdown	1.41	2.15	-0.74
Martin ratio: Return relative to average drawdown	5.07	5.04	+0.04

AGOX vs. RSBY - Sharpe Ratio Comparison

The current AGOX Sharpe Ratio is 1.14, which is comparable to the RSBY Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of AGOX and RSBY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGOX vs. RSBY - Drawdown Comparison

The maximum AGOX drawdown since its inception was -26.93%, which is greater than RSBY's maximum drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for AGOX and RSBY.

Drawdown Indicators

	AGOX	RSBY	Difference
Max Drawdown Largest peak-to-trough decline	-26.93%	-23.32%	-3.61%
Max Drawdown (1Y) Largest decline over 1 year	-15.32%	-7.95%	-7.37%
Max Drawdown (3Y) Largest decline over 3 years	-21.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.93%	—	—
Current Drawdown Current decline from peak	-2.82%	-6.45%	+3.63%
Average Drawdown Average peak-to-trough decline	-8.06%	-13.35%	+5.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.25%	3.39%	+0.86%

Volatility

AGOX vs. RSBY - Volatility Comparison

Adaptive Alpha Opportunities ETF (AGOX) has a higher volatility of 5.97% compared to Return Stacked Bonds & Futures Yield ETF (RSBY) at 3.15%. This indicates that AGOX's price experiences larger fluctuations and is considered to be riskier than RSBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGOX	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.97%	3.15%	+2.82%
Volatility (6M) Calculated over the trailing 6-month period	16.51%	8.37%	+8.14%
Volatility (1Y) Calculated over the trailing 1-year period	18.88%	11.41%	+7.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.80%	13.37%	+6.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.66%	13.37%	+6.29%

AGOX vs. RSBY - Expense Ratio Comparison

AGOX has a 1.33% expense ratio, which is higher than RSBY's 0.98% expense ratio.

Dividends

AGOX vs. RSBY - Dividend Comparison

AGOX's dividend yield for the trailing twelve months is around 2.67%, more than RSBY's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021
AGOX Adaptive Alpha Opportunities ETF	2.67%	3.23%	3.94%	0.27%	0.20%	6.36%
RSBY Return Stacked Bonds & Futures Yield ETF	1.75%	2.07%	2.29%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AGOX and RSBY in my portfolio?

AGOX and RSBY 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.

Which is riskier, AGOX or RSBY?

AGOX has higher volatility (5.97%) compared to RSBY (3.15%). In terms of maximum drawdown, AGOX dropped -26.93% vs RSBY's -23.32%.

Which ETF is better, AGOX or RSBY?

On 1-year performance, AGOX leads with 22.18% vs 17.35% for RSBY. On fees, RSBY is cheaper at 0.98% per year. On volatility, RSBY has been the lower-risk option at 3.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGOX or RSBY?

Over the 1-year period, AGOX has performed better with a 22.18% return vs 17.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGOX or RSBY?

RSBY is cheaper with a 0.98% expense ratio, compared with 1.33% for AGOX.

Which ETF pays a higher dividend yield, AGOX or RSBY?

AGOX has the higher dividend yield at 2.67%, compared with 1.75% for RSBY.

What is the main difference between AGOX and RSBY?

AGOX is categorized as Tactical Allocation, while RSBY is Multistrategy. They also come from different issuers: Adaptive Funds and Return Stacked. Their fees differ too: 1.33% for AGOX and 0.98% for RSBY.

Which has better risk-adjusted returns?

RSBY currently has the higher Sharpe Ratio (1.50 vs 1.14), 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.