BCLO vs. RSBY

Last updated Jul 14, 2026

BCLO (iShares BBB-B CLO Active ETF) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both exchange-traded funds - BCLO is a CLO fund tracking the JP Morgan CLOIE High Quality Mezzanine Index, while RSBY is a Multistrategy fund actively managed by Return Stacked. BCLO is passively managed, while RSBY is actively managed. Over the past year, BCLO returned 6.18% vs 16.72% for RSBY. At a correlation of -0.06, they often move in opposite directions. BCLO charges 0.45%/yr vs 0.98%/yr for RSBY.

Performance

BCLO vs. RSBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares BBB-B CLO Active ETF (BCLO) 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, BCLO achieves a 3.00% return, which is significantly lower than RSBY's 17.89% return.

BCLO

• 1D: 0.06%
• 1M: 0.02%
• 6M: 2.67%
• YTD: 3.00%
• 1Y: 6.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSBY

• 1D: -0.53%
• 1M: -1.24%
• 6M: 17.58%
• YTD: 17.89%
• 1Y: 16.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCLO vs. RSBY - Yearly Performance Comparison

	2026 (YTD)	2025
BCLO iShares BBB-B CLO Active ETF	3.00%	5.41%
RSBY Return Stacked Bonds & Futures Yield ETF	17.89%	-13.10%

Correlation

The correlation between BCLO and RSBY is -0.16, 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	-0.16
Correlation (All Time) Calculated using the full available price history since Jan 30, 2025	-0.06

Return for Risk

BCLO vs. RSBY — Risk / Return Rank

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

BCLO

BCLO Risk / Return Rank: 89
BCLO Sharpe Ratio Rank: 95
BCLO Sortino Ratio Rank: 96
BCLO Omega Ratio Rank: 97
BCLO Calmar Ratio Rank: 78
BCLO Martin Ratio Rank: 79

RSBY

RSBY Risk / Return Rank: 51
RSBY Sharpe Ratio Rank: 55
RSBY Sortino Ratio Rank: 56
RSBY Omega Ratio Rank: 50
RSBY Calmar Ratio Rank: 53
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.

BCLO vs. RSBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares BBB-B CLO Active ETF (BCLO) 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.

	BCLO	RSBY	Difference
Sharpe ratio: Return per unit of total volatility	3.06	1.48	+1.59
Sortino ratio: Return per unit of downside risk	4.84	2.15	+2.69
Omega ratio: Gain probability vs. loss probability	1.78	1.25	+0.53
Calmar ratio: Return relative to maximum drawdown	3.24	2.11	+1.13
Martin ratio: Return relative to average drawdown	11.94	4.94	+7.00

BCLO vs. RSBY - Sharpe Ratio Comparison

The current BCLO Sharpe Ratio is 3.06, which is higher than the RSBY Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of BCLO 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

BCLO vs. RSBY - Drawdown Comparison

The maximum BCLO drawdown since its inception was -4.45%, smaller than the maximum RSBY drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for BCLO and RSBY.

Drawdown Indicators

	BCLO	RSBY	Difference
Max Drawdown Largest peak-to-trough decline	-4.45%	-23.32%	+18.87%
Max Drawdown (1Y) Largest decline over 1 year	-1.92%	-7.95%	+6.03%
Current Drawdown Current decline from peak	-0.14%	-6.95%	+6.81%
Average Drawdown Average peak-to-trough decline	-0.38%	-13.33%	+12.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	3.40%	-2.88%

Volatility

BCLO vs. RSBY - Volatility Comparison

The current volatility for iShares BBB-B CLO Active ETF (BCLO) is 0.34%, while Return Stacked Bonds & Futures Yield ETF (RSBY) has a volatility of 3.12%. This indicates that BCLO 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

	BCLO	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.34%	3.12%	-2.78%
Volatility (6M) Calculated over the trailing 6-month period	1.65%	8.38%	-6.73%
Volatility (1Y) Calculated over the trailing 1-year period	2.03%	11.41%	-9.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.24%	13.37%	-9.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.24%	13.37%	-9.13%

BCLO vs. RSBY - Expense Ratio Comparison

BCLO has a 0.45% expense ratio, which is lower than RSBY's 0.98% expense ratio.

Dividends

BCLO vs. RSBY - Dividend Comparison

BCLO's dividend yield for the trailing twelve months is around 6.57%, more than RSBY's 1.76% yield.

Position	TTM	2025	2024
BCLO iShares BBB-B CLO Active ETF	6.57%	6.45%	0.00%
RSBY Return Stacked Bonds & Futures Yield ETF	1.76%	2.07%	2.29%

Frequently Asked Questions

Can I hold both BCLO and RSBY in my portfolio?

BCLO and RSBY have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCLO or RSBY?

RSBY has higher volatility (3.12%) compared to BCLO (0.34%). In terms of maximum drawdown, BCLO dropped -4.45% vs RSBY's -23.32%.

Which ETF is better, BCLO or RSBY?

On 1-year performance, RSBY leads with 16.72% vs 6.18% for BCLO. On fees, BCLO is cheaper at 0.45% per year. On volatility, BCLO has been the lower-risk option at 0.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BCLO or RSBY?

Over the 1-year period, RSBY has performed better with a 16.72% return vs 6.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BCLO or RSBY?

BCLO is cheaper with a 0.45% expense ratio, compared with 0.98% for RSBY.

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

BCLO has the higher dividend yield at 6.57%, compared with 1.76% for RSBY.

What is the main difference between BCLO and RSBY?

BCLO is categorized as CLO, while RSBY is Multistrategy. They also come from different issuers: iShares and Return Stacked. Their fees differ too: 0.45% for BCLO and 0.98% for RSBY.

Which has better risk-adjusted returns?

BCLO currently has the higher Sharpe Ratio (3.06 vs 1.48), 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.