DIVP vs. RSBY

Last updated Jul 12, 2026

DIVP (Cullen Enhanced Equity Income ETF) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both exchange-traded funds - DIVP is a Derivative Income fund actively managed by Cullen, while RSBY is a Multistrategy fund actively managed by Return Stacked. Both are actively managed. Over the past year, DIVP returned 12.93% vs 17.35% for RSBY. At a 0.00 correlation, their price movements are largely independent. DIVP charges 0.55%/yr vs 0.98%/yr for RSBY.

Performance

DIVP vs. RSBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cullen Enhanced Equity Income ETF (DIVP) 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, DIVP achieves a 10.84% return, which is significantly lower than RSBY's 18.52% return.

DIVP

• 1D: 0.67%
• 1M: 0.89%
• 6M: 8.87%
• YTD: 10.84%
• 1Y: 12.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

DIVP vs. RSBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DIVP Cullen Enhanced Equity Income ETF	10.84%	7.76%	-0.56%
RSBY Return Stacked Bonds & Futures Yield ETF	18.52%	-12.98%	-7.79%

Correlation

The correlation between DIVP and RSBY is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	0.00

Return for Risk

DIVP vs. RSBY — Risk / Return Rank

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

DIVP

DIVP Risk / Return Rank: 42
DIVP Sharpe Ratio Rank: 42
DIVP Sortino Ratio Rank: 43
DIVP Omega Ratio Rank: 37
DIVP Calmar Ratio Rank: 49
DIVP Martin Ratio Rank: 38

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.

DIVP vs. RSBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cullen Enhanced Equity Income ETF (DIVP) 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.

	DIVP	RSBY	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.50	-0.30
Sortino ratio: Return per unit of downside risk	1.79	2.18	-0.39
Omega ratio: Gain probability vs. loss probability	1.20	1.26	-0.05
Calmar ratio: Return relative to maximum drawdown	1.96	2.15	-0.19
Martin ratio: Return relative to average drawdown	4.78	5.04	-0.26

DIVP vs. RSBY - Sharpe Ratio Comparison

The current DIVP Sharpe Ratio is 1.20, which is comparable to the RSBY Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of DIVP 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

DIVP vs. RSBY - Drawdown Comparison

The maximum DIVP drawdown since its inception was -12.26%, smaller than the maximum RSBY drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for DIVP and RSBY.

Drawdown Indicators

	DIVP	RSBY	Difference
Max Drawdown Largest peak-to-trough decline	-12.26%	-23.32%	+11.06%
Max Drawdown (1Y) Largest decline over 1 year	-6.28%	-7.95%	+1.67%
Current Drawdown Current decline from peak	-0.78%	-6.45%	+5.67%
Average Drawdown Average peak-to-trough decline	-2.36%	-13.35%	+10.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	3.39%	-0.81%

Volatility

DIVP vs. RSBY - Volatility Comparison

Cullen Enhanced Equity Income ETF (DIVP) has a higher volatility of 3.52% compared to Return Stacked Bonds & Futures Yield ETF (RSBY) at 3.15%. This indicates that DIVP'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

	DIVP	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	3.15%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	7.30%	8.37%	-1.07%
Volatility (1Y) Calculated over the trailing 1-year period	10.27%	11.41%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.76%	13.37%	-1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.76%	13.37%	-1.61%

DIVP vs. RSBY - Expense Ratio Comparison

DIVP has a 0.55% expense ratio, which is lower than RSBY's 0.98% expense ratio.

Dividends

DIVP vs. RSBY - Dividend Comparison

DIVP's dividend yield for the trailing twelve months is around 5.90%, more than RSBY's 1.75% yield.

Position	TTM	2025	2024
DIVP Cullen Enhanced Equity Income ETF	5.90%	6.06%	5.92%
RSBY Return Stacked Bonds & Futures Yield ETF	1.75%	2.07%	2.29%

Frequently Asked Questions

Can I hold both DIVP and RSBY in my portfolio?

DIVP and RSBY have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVP or RSBY?

DIVP has higher volatility (3.52%) compared to RSBY (3.15%). In terms of maximum drawdown, DIVP dropped -12.26% vs RSBY's -23.32%.

Which ETF is better, DIVP or RSBY?

On 1-year performance, RSBY leads with 17.35% vs 12.93% for DIVP. On fees, DIVP is cheaper at 0.55% 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, DIVP or RSBY?

Over the 1-year period, RSBY has performed better with a 17.35% return vs 12.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVP or RSBY?

DIVP is cheaper with a 0.55% expense ratio, compared with 0.98% for RSBY.

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

DIVP has the higher dividend yield at 5.90%, compared with 1.75% for RSBY.

What is the main difference between DIVP and RSBY?

DIVP is categorized as Derivative Income, while RSBY is Multistrategy. They also come from different issuers: Cullen and Return Stacked. Their fees differ too: 0.55% for DIVP and 0.98% for RSBY.

Which has better risk-adjusted returns?

RSBY currently has the higher Sharpe Ratio (1.50 vs 1.20), 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.