BPRO vs. RSBY

Last updated Jul 1, 2026

BPRO (Bitwise Proficio Currency Debasement ETF) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both Multistrategy funds. Both are actively managed. At a correlation of -0.20, they often move in opposite directions.

Performance

BPRO vs. RSBY - Performance Comparison

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

Returns By Period

BPRO

• 1D: 0.08%
• 1M: -13.53%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSBY

• 1D: -0.62%
• 1M: 1.84%
• YTD: 19.89%
• 6M: 19.11%
• 1Y: 17.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BPRO vs. RSBY - Yearly Performance Comparison

	2026 (YTD)
BPRO Bitwise Proficio Currency Debasement ETF	-24.12%
RSBY Return Stacked Bonds & Futures Yield ETF	20.63%

Correlation

The correlation between BPRO 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 (All Time) Calculated using the full available price history since Jan 22, 2026	-0.20

Return for Risk

BPRO vs. RSBY — Risk / Return Rank

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

BPRO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

RSBY

RSBY Risk / Return Rank: 50
RSBY Sharpe Ratio Rank: 54
RSBY Sortino Ratio Rank: 55
RSBY Omega Ratio Rank: 49
RSBY Calmar Ratio Rank: 53
RSBY Martin Ratio Rank: 38

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.

BPRO vs. RSBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Proficio Currency Debasement ETF (BPRO) 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.

	BPRO	RSBY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.58	—
Sortino ratio: Return per unit of downside risk	—	2.28	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.25	—
Martin ratio: Return relative to average drawdown	—	5.33	—

Drawdowns

BPRO vs. RSBY - Drawdown Comparison

The maximum BPRO drawdown since its inception was -34.80%, which is greater than RSBY's maximum drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for BPRO and RSBY.

Drawdown Indicators

	BPRO	RSBY	Difference
Max Drawdown Largest peak-to-trough decline	-34.80%	-23.32%	-11.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.95%	—
Current Drawdown Current decline from peak	-34.24%	-5.37%	-28.87%
Average Drawdown Average peak-to-trough decline	-20.64%	-13.45%	-7.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.34%	—

Volatility

Volatility by Period

	BPRO	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	45.13%	11.31%	+33.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.13%	13.39%	+31.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.13%	13.39%	+31.74%

Dividends

BPRO vs. RSBY - Dividend Comparison

BPRO has not paid dividends to shareholders, while RSBY's dividend yield for the trailing twelve months is around 1.73%.

Position	TTM	2025	2024
BPRO Bitwise Proficio Currency Debasement ETF	0.00%	0.00%	0.00%
RSBY Return Stacked Bonds & Futures Yield ETF	1.73%	2.07%	2.29%

Frequently Asked Questions

Can I hold both BPRO and RSBY in my portfolio?

BPRO 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 ETF pays a higher dividend yield, BPRO or RSBY?

RSBY has the higher dividend yield at 1.73%, compared with 0.00% for BPRO.

What is the main difference between BPRO and RSBY?

They also come from different issuers: Bitwise and Return Stacked.