CSD vs. RSBY

Last updated Jul 12, 2026

CSD (Invesco S&P Spin-Off ETF) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both exchange-traded funds - CSD is a Mid Cap Blend Equities fund tracking the S&P U.S. Spin-Off Index, while RSBY is a Multistrategy fund actively managed by Return Stacked. CSD is passively managed, while RSBY is actively managed. Over the past year, CSD returned 65.26% vs 17.35% for RSBY. At a correlation of -0.16, they often move in opposite directions. CSD charges 0.65%/yr vs 0.98%/yr for RSBY.

Performance

CSD vs. RSBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P Spin-Off ETF (CSD) 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, CSD achieves a 40.12% return, which is significantly higher than RSBY's 18.52% return.

CSD

• 1D: 0.18%
• 1M: -2.20%
• 6M: 28.03%
• YTD: 40.12%
• 1Y: 65.26%
• 3Y*: 34.29%
• 5Y*: 17.37%
• 10Y*: 13.81%

RSBY

• 1D: -0.60%
• 1M: -0.71%
• 6M: 17.92%
• YTD: 18.52%
• 1Y: 17.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CSD vs. RSBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CSD Invesco S&P Spin-Off ETF	40.12%	21.58%	12.61%
RSBY Return Stacked Bonds & Futures Yield ETF	18.52%	-12.98%	-7.79%

Correlation

The correlation between CSD and RSBY is -0.18, 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	-0.18
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	-0.16

Return for Risk

CSD vs. RSBY — Risk / Return Rank

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

CSD

CSD Risk / Return Rank: 90
CSD Sharpe Ratio Rank: 91
CSD Sortino Ratio Rank: 88
CSD Omega Ratio Rank: 84
CSD Calmar Ratio Rank: 94
CSD Martin Ratio Rank: 94

RSBY

RSBY Risk / Return Rank: 51
RSBY Sharpe Ratio Rank: 55
RSBY Sortino Ratio Rank: 57
RSBY Omega Ratio Rank: 51
RSBY Calmar Ratio Rank: 54
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.

CSD vs. RSBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Spin-Off ETF (CSD) 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.

	CSD	RSBY	Difference
Sharpe ratio: Return per unit of total volatility	2.49	1.50	+0.99
Sortino ratio: Return per unit of downside risk	3.20	2.18	+1.01
Omega ratio: Gain probability vs. loss probability	1.40	1.26	+0.14
Calmar ratio: Return relative to maximum drawdown	5.64	2.15	+3.49
Martin ratio: Return relative to average drawdown	20.63	5.04	+15.59

CSD vs. RSBY - Sharpe Ratio Comparison

The current CSD Sharpe Ratio is 2.49, which is higher than the RSBY Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of CSD 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

CSD vs. RSBY - Drawdown Comparison

The maximum CSD drawdown since its inception was -70.47%, which is greater than RSBY's maximum drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for CSD and RSBY.

Drawdown Indicators

	CSD	RSBY	Difference
Max Drawdown Largest peak-to-trough decline	-70.47%	-23.32%	-47.15%
Max Drawdown (1Y) Largest decline over 1 year	-11.34%	-7.95%	-3.39%
Max Drawdown (3Y) Largest decline over 3 years	-30.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-57.55%	—	—
Current Drawdown Current decline from peak	-6.68%	-6.45%	-0.23%
Average Drawdown Average peak-to-trough decline	-14.17%	-13.35%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	3.39%	-0.29%

Volatility

CSD vs. RSBY - Volatility Comparison

Invesco S&P Spin-Off ETF (CSD) has a higher volatility of 10.19% compared to Return Stacked Bonds & Futures Yield ETF (RSBY) at 3.15%. This indicates that CSD's price experiences larger fluctuations and is considered to be riskier than RSBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSD	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.19%	3.15%	+7.04%
Volatility (6M) Calculated over the trailing 6-month period	19.60%	8.37%	+11.23%
Volatility (1Y) Calculated over the trailing 1-year period	25.68%	11.41%	+14.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.61%	13.37%	+10.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.95%	13.37%	+11.58%

CSD vs. RSBY - Expense Ratio Comparison

CSD has a 0.65% expense ratio, which is lower than RSBY's 0.98% expense ratio.

Dividends

CSD vs. RSBY - Dividend Comparison

CSD's dividend yield for the trailing twelve months is around 0.11%, less than RSBY's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSD Invesco S&P Spin-Off ETF	0.11%	0.16%	0.17%	0.51%	0.86%	0.73%	0.99%	1.08%	0.99%	0.60%	1.62%	2.61%
RSBY Return Stacked Bonds & Futures Yield ETF	1.75%	2.07%	2.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CSD and RSBY in my portfolio?

CSD and RSBY have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSD or RSBY?

CSD has higher volatility (10.19%) compared to RSBY (3.15%). In terms of maximum drawdown, CSD dropped -70.47% vs RSBY's -23.32%.

Which ETF is better, CSD or RSBY?

On 1-year performance, CSD leads with 65.26% vs 17.35% for RSBY. On fees, CSD is cheaper at 0.65% per year. On volatility, RSBY has been the lower-risk option at 3.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CSD or RSBY?

Over the 1-year period, CSD has performed better with a 65.26% return vs 17.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CSD or RSBY?

CSD is cheaper with a 0.65% expense ratio, compared with 0.98% for RSBY.

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

RSBY has the higher dividend yield at 1.75%, compared with 0.11% for CSD.

What is the main difference between CSD and RSBY?

CSD is categorized as Mid Cap Blend Equities, while RSBY is Multistrategy. They also come from different issuers: Invesco and Return Stacked. Their fees differ too: 0.65% for CSD and 0.98% for RSBY.

Which has better risk-adjusted returns?

CSD currently has the higher Sharpe Ratio (2.49 vs 1.50), 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.