APRW vs. RSBY

Last updated Jul 12, 2026

APRW (AllianzIM U.S. Large Cap Buffer20 Apr ETF) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both exchange-traded funds - APRW is a Options Trading fund actively managed by Allianz, while RSBY is a Multistrategy fund actively managed by Return Stacked. Both are actively managed. Over the past year, APRW returned 11.39% vs 17.35% for RSBY. At a correlation of -0.18, they often move in opposite directions. APRW charges 0.74%/yr vs 0.98%/yr for RSBY.

Performance

APRW vs. RSBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW) 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, APRW achieves a 6.88% return, which is significantly lower than RSBY's 18.52% return.

APRW

• 1D: 0.05%
• 1M: 0.79%
• 6M: 6.63%
• YTD: 6.88%
• 1Y: 11.39%
• 3Y*: 9.85%
• 5Y*: 7.05%
• 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)

APRW vs. RSBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
APRW AllianzIM U.S. Large Cap Buffer20 Apr ETF	6.88%	6.18%	3.71%
RSBY Return Stacked Bonds & Futures Yield ETF	18.52%	-12.98%	-7.79%

Correlation

The correlation between APRW 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	-0.18

Return for Risk

APRW vs. RSBY — Risk / Return Rank

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

APRW

APRW Risk / Return Rank: 98
APRW Sharpe Ratio Rank: 98
APRW Sortino Ratio Rank: 98
APRW Omega Ratio Rank: 98
APRW Calmar Ratio Rank: 98
APRW Martin Ratio Rank: 98

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.

APRW vs. RSBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW) 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.

	APRW	RSBY	Difference
Sharpe ratio: Return per unit of total volatility	4.24	1.50	+2.74
Sortino ratio: Return per unit of downside risk	7.43	2.18	+5.24
Omega ratio: Gain probability vs. loss probability	2.05	1.26	+0.79
Calmar ratio: Return relative to maximum drawdown	12.68	2.15	+10.53
Martin ratio: Return relative to average drawdown	64.90	5.04	+59.86

APRW vs. RSBY - Sharpe Ratio Comparison

The current APRW Sharpe Ratio is 4.24, which is higher than the RSBY Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of APRW 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

APRW vs. RSBY - Drawdown Comparison

The maximum APRW drawdown since its inception was -9.61%, smaller than the maximum RSBY drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for APRW and RSBY.

Drawdown Indicators

	APRW	RSBY	Difference
Max Drawdown Largest peak-to-trough decline	-9.61%	-23.32%	+13.71%
Max Drawdown (1Y) Largest decline over 1 year	-0.89%	-7.95%	+7.06%
Max Drawdown (3Y) Largest decline over 3 years	-9.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-9.61%	—	—
Current Drawdown Current decline from peak	0.00%	-6.45%	+6.45%
Average Drawdown Average peak-to-trough decline	-1.11%	-13.35%	+12.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.17%	3.39%	-3.22%

Volatility

APRW vs. RSBY - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW) is 1.04%, while Return Stacked Bonds & Futures Yield ETF (RSBY) has a volatility of 3.15%. This indicates that APRW experiences smaller price fluctuations and is considered to be less risky than RSBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APRW	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	3.15%	-2.11%
Volatility (6M) Calculated over the trailing 6-month period	2.16%	8.37%	-6.21%
Volatility (1Y) Calculated over the trailing 1-year period	2.67%	11.41%	-8.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.73%	13.37%	-6.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.37%	13.37%	-7.00%

APRW vs. RSBY - Expense Ratio Comparison

APRW has a 0.74% expense ratio, which is lower than RSBY's 0.98% expense ratio.

Dividends

APRW vs. RSBY - Dividend Comparison

APRW has not paid dividends to shareholders, while RSBY's dividend yield for the trailing twelve months is around 1.75%.

Position	TTM	2025	2024	2023	2022	2021	2020
APRW AllianzIM U.S. Large Cap Buffer20 Apr ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.67%
RSBY Return Stacked Bonds & Futures Yield ETF	1.75%	2.07%	2.29%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both APRW and RSBY in my portfolio?

APRW 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, APRW or RSBY?

RSBY has higher volatility (3.15%) compared to APRW (1.04%). In terms of maximum drawdown, APRW dropped -9.61% vs RSBY's -23.32%.

Which ETF is better, APRW or RSBY?

On 1-year performance, RSBY leads with 17.35% vs 11.39% for APRW. On fees, APRW is cheaper at 0.74% per year. On volatility, APRW has been the lower-risk option at 1.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APRW or RSBY?

Over the 1-year period, RSBY has performed better with a 17.35% return vs 11.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APRW or RSBY?

APRW is cheaper with a 0.74% expense ratio, compared with 0.98% for RSBY.

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

RSBY has the higher dividend yield at 1.75%, compared with 0.00% for APRW.

What is the main difference between APRW and RSBY?

APRW is categorized as Options Trading, while RSBY is Multistrategy. They also come from different issuers: Allianz and Return Stacked. Their fees differ too: 0.74% for APRW and 0.98% for RSBY.

Which has better risk-adjusted returns?

APRW currently has the higher Sharpe Ratio (4.24 vs 1.50), 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.