BFLX vs. RSEE
BFLX (iShares Flexible Equity Active ETF) and RSEE (Rareview Systematic Equity ETF) are both Long-Short funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. BFLX charges 0.40%/yr vs 1.27%/yr for RSEE.
Performance
BFLX vs. RSEE - Performance Comparison
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Returns By Period
BFLX
- 1D
- 0.76%
- 1M
- -0.90%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RSEE
- 1D
- 1.26%
- 1M
- -1.58%
- YTD
- 14.01%
- 6M
- 13.01%
- 1Y
- 30.37%
- 3Y*
- 17.20%
- 5Y*
- —
- 10Y*
- —
BFLX vs. RSEE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BFLX iShares Flexible Equity Active ETF | 0.36% |
RSEE Rareview Systematic Equity ETF | 3.62% |
Correlation
The correlation between BFLX and RSEE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 20, 2026 | 0.82 |
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Return for Risk
BFLX vs. RSEE — Risk / Return Rank
BFLX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RSEE
BFLX vs. RSEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Equity Active ETF (BFLX) and Rareview Systematic Equity ETF (RSEE). 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.
| BFLX | RSEE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.37 | — |
| Martin ratioReturn relative to average drawdown | — | 9.46 | — |
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Drawdowns
BFLX vs. RSEE - Drawdown Comparison
The maximum BFLX drawdown since its inception was -3.85%, smaller than the maximum RSEE drawdown of -21.60%. Use the drawdown chart below to compare losses from any high point for BFLX and RSEE.
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Drawdown Indicators
| BFLX | RSEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.85% | -21.60% | +17.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.89% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.60% | — |
Current DrawdownCurrent decline from peak | -2.39% | -2.61% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -3.77% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.22% | — |
Volatility
BFLX vs. RSEE - Volatility Comparison
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Volatility by Period
| BFLX | RSEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.54% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.10% | 18.78% | -3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 19.20% | -4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.10% | 19.20% | -4.10% |
BFLX vs. RSEE - Expense Ratio Comparison
BFLX has a 0.40% expense ratio, which is lower than RSEE's 1.27% expense ratio.
Dividends
BFLX vs. RSEE - Dividend Comparison
Neither BFLX nor RSEE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BFLX iShares Flexible Equity Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RSEE Rareview Systematic Equity ETF | 0.00% | 0.24% | 9.02% | 0.84% | 1.97% |
Frequently Asked Questions
BFLX and RSEE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BFLX is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BFLX is cheaper with a 0.40% expense ratio, compared with 1.27% for RSEE.
BFLX and RSEE have nearly identical dividend yields, around 0.00%.
They also come from different issuers: iShares and Rareview Funds. Their fees differ too: 0.40% for BFLX and 1.27% for RSEE.
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