ASMF vs. RSBY

Last updated Aug 2, 2026

ASMF (Virtus AlphaSimplex Managed Futures ETF) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both exchange-traded funds - ASMF is a Systematic Trend fund actively managed by Virtus, while RSBY is a Multistrategy fund actively managed by Return Stacked. Both are actively managed. Over the past year, ASMF returned 16.60% vs 12.59% for RSBY. Their -0.16 correlation means they have often moved in opposite directions in the past. ASMF charges 0.80%/yr vs 0.98%/yr for RSBY.

Performance

ASMF vs. RSBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus AlphaSimplex Managed Futures ETF (ASMF) 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, ASMF achieves a 7.73% return, which is significantly lower than RSBY's 15.76% return.

ASMF

• 1D: 0.77%
• 1M: 1.36%
• 6M: 3.31%
• YTD: 7.73%
• 1Y: 16.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.24%

RSBY

• 1D: -0.66%
• 1M: -2.92%
• 6M: 12.75%
• YTD: 15.76%
• 1Y: 12.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -3.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASMF Virtus AlphaSimplex Managed Futures ETF	$131.02K	$83.29K	$68.36K
RSBY Return Stacked Bonds & Futures Yield ETF	$290.19K	$414.45K	$303.00K

ASMF vs. RSBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ASMF Virtus AlphaSimplex Managed Futures ETF	7.73%	1.16%	-1.63%
RSBY Return Stacked Bonds & Futures Yield ETF	15.76%	-12.98%	-7.79%

Correlation

The correlation between ASMF and RSBY is -0.11, 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.	-0.11
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	-0.16

Return for Risk

ASMF vs. RSBY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ASMF

ASMF Risk / Return Rank: 65
ASMF Sharpe Ratio Rank: 61
ASMF Sortino Ratio Rank: 58
ASMF Omega Ratio Rank: 61
ASMF Calmar Ratio Rank: 85
ASMF Martin Ratio Rank: 62

RSBY

RSBY Risk / Return Rank: 43
RSBY Sharpe Ratio Rank: 46
RSBY Sortino Ratio Rank: 47
RSBY Omega Ratio Rank: 42
RSBY Calmar Ratio Rank: 46
RSBY Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ASMF vs. RSBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus AlphaSimplex Managed Futures ETF (ASMF) 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.

	ASMF	RSBY	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.15	+0.28
Sortino ratio: Return per unit of downside risk	1.99	1.70	+0.29
Omega ratio: Gain probability vs. loss probability	1.27	1.20	+0.07
Calmar ratio: Return relative to maximum drawdown	3.26	1.64	+1.62
Martin ratio: Return relative to average drawdown	7.54	3.71	+3.83

ASMF vs. RSBY - Sharpe Ratio Comparison

The current ASMF Sharpe Ratio is 1.43, which is comparable to the RSBY Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of ASMF 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

ASMF vs. RSBY - Drawdown Comparison

The maximum ASMF drawdown since its inception was -15.31%, smaller than the maximum RSBY drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for ASMF and RSBY.

Drawdown Indicators

	ASMF	RSBY	Difference
Max Drawdown Largest peak-to-trough decline	-15.31%	-23.32%	+8.01%
Max Drawdown (1Y) Largest decline over 1 year	-5.02%	-7.95%	+2.93%
Current Drawdown Current decline from peak	-2.83%	-8.64%	+5.81%
Average Drawdown Average peak-to-trough decline	-7.27%	-13.14%	+5.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	3.51%	-1.34%

Volatility

ASMF vs. RSBY - Volatility Comparison

The current volatility for Virtus AlphaSimplex Managed Futures ETF (ASMF) is 2.26%, while Return Stacked Bonds & Futures Yield ETF (RSBY) has a volatility of 2.93%. This indicates that ASMF 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

	ASMF	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	2.93%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	8.45%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	11.49%	11.36%	+0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.90%	13.25%	-2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.90%	13.25%	-2.35%

ASMF vs. RSBY - Expense Ratio Comparison

ASMF has a 0.80% expense ratio, which is lower than RSBY's 0.98% expense ratio.

Dividends

ASMF vs. RSBY - Dividend Comparison

ASMF's dividend yield for the trailing twelve months is around 0.20%, less than RSBY's 1.79% yield.

Position	TTM	2025	2024
ASMF Virtus AlphaSimplex Managed Futures ETF	0.20%	0.22%	1.66%
RSBY Return Stacked Bonds & Futures Yield ETF	1.79%	2.07%	2.29%

Frequently Asked Questions

Can I hold both ASMF and RSBY in my portfolio?

ASMF and RSBY have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASMF or RSBY?

RSBY has higher volatility (2.93%) compared to ASMF (2.26%). In terms of maximum drawdown, ASMF dropped -15.31% vs RSBY's -23.32%.

Which ETF is better, ASMF or RSBY?

On 1-year performance, ASMF leads with 16.60% vs 12.59% for RSBY. On fees, ASMF is cheaper at 0.80% per year. On volatility, ASMF has been the lower-risk option at 2.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASMF or RSBY?

Over the 1-year period, ASMF has performed better with a 16.60% return vs 12.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASMF or RSBY?

ASMF is cheaper with a 0.80% expense ratio, compared with 0.98% for RSBY.

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

RSBY has the higher dividend yield at 1.79%, compared with 0.20% for ASMF.

What is the main difference between ASMF and RSBY?

ASMF is categorized as Systematic Trend, while RSBY is Multistrategy. They also come from different issuers: Virtus and Return Stacked. Their fees differ too: 0.80% for ASMF and 0.98% for RSBY.

Which has better risk-adjusted returns?

ASMF currently has the higher Sharpe Ratio (1.43 vs 1.15), 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.