CAS vs. RSBY

Last updated Jun 4, 2026

CAS (Simplify China A Shares PLUS Income ETF) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both exchange-traded funds - CAS is a China Equities fund actively managed by Simplify, while RSBY is a Multistrategy fund actively managed by Return Stacked. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. CAS charges 0.88%/yr vs 0.98%/yr for RSBY.

Performance

CAS vs. RSBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify China A Shares PLUS Income ETF (CAS) and Return Stacked Bonds & Futures Yield ETF (RSBY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAS

• 1D: -0.49%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSBY

• 1D: 0.63%
• 1M: -2.54%
• YTD: 18.98%
• 6M: 14.31%
• 1Y: 20.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CAS vs. RSBY - Yearly Performance Comparison

	2026 (YTD)
CAS Simplify China A Shares PLUS Income ETF	-1.66%
RSBY Return Stacked Bonds & Futures Yield ETF	1.08%

Correlation

The correlation between CAS and RSBY is 0.80, 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 29, 2026	0.80

CAS vs. RSBY - Sectors Allocation Comparison

Sectors	CAS	RSBY
Financial Services	43.4%	0.2%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.2%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Healthcare	-	4.2%
Industrials	-	3.1%
Real Estate	-	0.1%
Technology	-	53.7%
Utilities	-	1.4%

Return for Risk

CAS vs. RSBY — Risk / Return Rank

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

RSBY

RSBY Risk / Return Rank: 49
RSBY Sharpe Ratio Rank: 51
RSBY Sortino Ratio Rank: 53
RSBY Omega Ratio Rank: 48
RSBY Calmar Ratio Rank: 53
RSBY Martin Ratio Rank: 39

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.

CAS vs. RSBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify China A Shares PLUS Income ETF (CAS) 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.

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

Sharpe Ratios by Period

	CAS	RSBY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	-3.61	-0.20	-3.41

Drawdowns

CAS vs. RSBY - Drawdown Comparison

The maximum CAS drawdown since its inception was -2.59%, smaller than the maximum RSBY drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for CAS and RSBY.

Drawdown Indicators

	CAS	RSBY	Difference
Max Drawdown Largest peak-to-trough decline	-2.59%	-23.32%	+20.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.95%	—
Current Drawdown Current decline from peak	-1.66%	-6.09%	+4.43%
Average Drawdown Average peak-to-trough decline	-1.72%	-13.79%	+12.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.39%	—

Volatility

Volatility by Period

	CAS	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.83%	11.80%	+9.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.83%	13.56%	+7.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.83%	13.56%	+7.27%

CAS vs. RSBY - Expense Ratio Comparison

CAS has a 0.88% expense ratio, which is lower than RSBY's 0.98% expense ratio.

Dividends

CAS vs. RSBY - Dividend Comparison

CAS has not paid dividends to shareholders, while RSBY's dividend yield for the trailing twelve months is around 1.74%.

Position	TTM	2025	2024
CAS Simplify China A Shares PLUS Income ETF	0.00%	0.00%	0.00%
RSBY Return Stacked Bonds & Futures Yield ETF	1.74%	2.07%	2.29%

Frequently Asked Questions

Can I hold both CAS and RSBY in my portfolio?

CAS and RSBY have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAS or RSBY?

On fees, CAS is cheaper at 0.88% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAS or RSBY?

CAS is cheaper with a 0.88% expense ratio, compared with 0.98% for RSBY.

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

RSBY has the higher dividend yield at 1.74%, compared with 0.00% for CAS.

What is the main difference between CAS and RSBY?

CAS is categorized as China Equities, while RSBY is Multistrategy. They also come from different issuers: Simplify and Return Stacked. Their fees differ too: 0.88% for CAS and 0.98% for RSBY.