ETHV vs. RSBY

Last updated Jun 6, 2026

ETHV (VanEck Ethereum ETF) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both exchange-traded funds - ETHV is a Cryptocurrency fund tracking the MarketVector Ethereum Benchmark Rate, while RSBY is a Multistrategy fund actively managed by Return Stacked. ETHV is passively managed, while RSBY is actively managed. Over the past year, ETHV returned -37.87% vs 20.17% for RSBY. At a correlation of -0.10, they often move in opposite directions. ETHV charges 0.20%/yr vs 0.98%/yr for RSBY.

Performance

ETHV vs. RSBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Ethereum ETF (ETHV) 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, ETHV achieves a -47.05% return, which is significantly lower than RSBY's 19.04% return.

ETHV

• 1D: -11.40%
• 1M: -32.96%
• YTD: -47.05%
• 6M: -48.03%
• 1Y: -37.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSBY

• 1D: 0.19%
• 1M: -1.29%
• YTD: 19.04%
• 6M: 15.93%
• 1Y: 20.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHV vs. RSBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETHV VanEck Ethereum ETF	-47.05%	-11.02%	25.99%
RSBY Return Stacked Bonds & Futures Yield ETF	19.04%	-12.98%	-7.90%

Correlation

The correlation between ETHV and RSBY is -0.11, 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	-0.11
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024	-0.10

Return for Risk

ETHV vs. RSBY — Risk / Return Rank

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

ETHV

ETHV Risk / Return Rank: 5
ETHV Sharpe Ratio Rank: 5
ETHV Sortino Ratio Rank: 5
ETHV Omega Ratio Rank: 5
ETHV Calmar Ratio Rank: 4
ETHV Martin Ratio Rank: 5

RSBY

RSBY Risk / Return Rank: 51
RSBY Sharpe Ratio Rank: 53
RSBY Sortino Ratio Rank: 56
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.

ETHV vs. RSBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Ethereum ETF (ETHV) 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.

	ETHV	RSBY	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	1.72	-2.27
Sortino ratio: Return per unit of downside risk	-0.49	2.51	-3.00
Omega ratio: Gain probability vs. loss probability	0.95	1.30	-0.35
Calmar ratio: Return relative to maximum drawdown	-0.56	2.55	-3.11
Martin ratio: Return relative to average drawdown	-0.99	5.96	-6.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETHV vs. RSBY - Sharpe Ratio Comparison

The current ETHV Sharpe Ratio is -0.55, which is lower than the RSBY Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of ETHV 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.

Sharpe Ratios by Period

	ETHV	RSBY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	1.72	-2.27
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	-0.19	-0.28

Drawdowns

ETHV vs. RSBY - Drawdown Comparison

The maximum ETHV drawdown since its inception was -67.54%, which is greater than RSBY's maximum drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for ETHV and RSBY.

Drawdown Indicators

	ETHV	RSBY	Difference
Max Drawdown Largest peak-to-trough decline	-67.54%	-23.32%	-44.22%
Max Drawdown (1Y) Largest decline over 1 year	-67.54%	-7.95%	-59.59%
Current Drawdown Current decline from peak	-67.54%	-6.04%	-61.50%
Average Drawdown Average peak-to-trough decline	-32.78%	-13.76%	-19.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.18%	3.40%	+34.78%

Volatility

ETHV vs. RSBY - Volatility Comparison

VanEck Ethereum ETF (ETHV) has a higher volatility of 14.46% compared to Return Stacked Bonds & Futures Yield ETF (RSBY) at 1.93%. This indicates that ETHV'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

	ETHV	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.46%	1.93%	+12.53%
Volatility (6M) Calculated over the trailing 6-month period	46.45%	8.51%	+37.94%
Volatility (1Y) Calculated over the trailing 1-year period	69.27%	11.78%	+57.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.63%	13.53%	+59.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.63%	13.53%	+59.10%

ETHV vs. RSBY - Expense Ratio Comparison

ETHV has a 0.20% expense ratio, which is lower than RSBY's 0.98% expense ratio.

Dividends

ETHV vs. RSBY - Dividend Comparison

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

Position	TTM	2025	2024
ETHV VanEck Ethereum 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 ETHV and RSBY in my portfolio?

ETHV and RSBY have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETHV or RSBY?

ETHV has higher volatility (14.46%) compared to RSBY (1.93%). In terms of maximum drawdown, ETHV dropped -67.54% vs RSBY's -23.32%.

Which ETF is better, ETHV or RSBY?

On 1-year performance, RSBY leads with 20.17% vs -37.87% for ETHV. On fees, ETHV is cheaper at 0.20% per year. On volatility, RSBY has been the lower-risk option at 1.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETHV or RSBY?

Over the 1-year period, RSBY has performed better with a 20.17% return vs -37.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETHV or RSBY?

ETHV is cheaper with a 0.20% expense ratio, compared with 0.98% for RSBY.

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

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

What is the main difference between ETHV and RSBY?

ETHV is categorized as Cryptocurrency, while RSBY is Multistrategy. They also come from different issuers: VanEck and Return Stacked. Their fees differ too: 0.20% for ETHV and 0.98% for RSBY.

Which has better risk-adjusted returns?

RSBY currently has the higher Sharpe Ratio (1.72 vs -0.55), 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.