FTBD vs. RSBT

Last updated Jun 5, 2026

FTBD (Fidelity Tactical Bond ETF) and RSBT (Return Stacked Bonds & Managed Futures ETF) are both Nontraditional Bonds funds. Both are actively managed. Over the past 3 years, FTBD returned 5.19%/yr vs 4.88%/yr for RSBT. At a 0.28 correlation, their price movements are largely independent. FTBD charges 0.55%/yr vs 0.97%/yr for RSBT.

Performance

FTBD vs. RSBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Tactical Bond ETF (FTBD) and Return Stacked Bonds & Managed Futures ETF (RSBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTBD achieves a 1.15% return, which is significantly lower than RSBT's 10.27% return.

FTBD

• 1D: 0.16%
• 1M: 0.34%
• YTD: 1.15%
• 6M: 1.17%
• 1Y: 5.91%
• 3Y*: 5.19%
• 5Y*: —
• 10Y*: —

RSBT

• 1D: -0.20%
• 1M: 2.76%
• YTD: 10.27%
• 6M: 12.25%
• 1Y: 27.18%
• 3Y*: 4.88%
• 5Y*: —
• 10Y*: —

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

FTBD vs. RSBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FTBD Fidelity Tactical Bond ETF	1.15%	8.35%	1.77%	3.90%
RSBT Return Stacked Bonds & Managed Futures ETF	10.27%	10.31%	-2.90%	-11.91%

Correlation

The correlation between FTBD and RSBT is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023	0.28

FTBD vs. RSBT - Sectors Allocation Comparison

Sectors	FTBD	RSBT
Energy	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	184.1%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

FTBD vs. RSBT — Risk / Return Rank

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

FTBD

FTBD Risk / Return Rank: 40
FTBD Sharpe Ratio Rank: 40
FTBD Sortino Ratio Rank: 40
FTBD Omega Ratio Rank: 38
FTBD Calmar Ratio Rank: 41
FTBD Martin Ratio Rank: 43

RSBT

RSBT Risk / Return Rank: 64
RSBT Sharpe Ratio Rank: 59
RSBT Sortino Ratio Rank: 54
RSBT Omega Ratio Rank: 60
RSBT Calmar Ratio Rank: 82
RSBT Martin Ratio Rank: 64

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.

FTBD vs. RSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Tactical Bond ETF (FTBD) and Return Stacked Bonds & Managed Futures ETF (RSBT). 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.

	FTBD	RSBT	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.96	-0.57
Sortino ratio: Return per unit of downside risk	2.03	2.56	-0.52
Omega ratio: Gain probability vs. loss probability	1.24	1.36	-0.12
Calmar ratio: Return relative to maximum drawdown	1.99	4.32	-2.33
Martin ratio: Return relative to average drawdown	6.83	11.55	-4.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTBD vs. RSBT - Sharpe Ratio Comparison

The current FTBD Sharpe Ratio is 1.39, which is comparable to the RSBT Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of FTBD and RSBT, 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

	FTBD	RSBT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.96	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.09	+0.67

Drawdowns

FTBD vs. RSBT - Drawdown Comparison

The maximum FTBD drawdown since its inception was -6.98%, smaller than the maximum RSBT drawdown of -23.60%. Use the drawdown chart below to compare losses from any high point for FTBD and RSBT.

Drawdown Indicators

	FTBD	RSBT	Difference
Max Drawdown Largest peak-to-trough decline	-6.98%	-23.60%	+16.62%
Max Drawdown (1Y) Largest decline over 1 year	-2.98%	-6.33%	+3.35%
Max Drawdown (3Y) Largest decline over 3 years	-6.56%	-18.98%	+12.42%
Current Drawdown Current decline from peak	-0.99%	-0.35%	-0.64%
Average Drawdown Average peak-to-trough decline	-1.57%	-12.62%	+11.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	2.36%	-1.49%

Volatility

FTBD vs. RSBT - Volatility Comparison

The current volatility for Fidelity Tactical Bond ETF (FTBD) is 1.46%, while Return Stacked Bonds & Managed Futures ETF (RSBT) has a volatility of 3.09%. This indicates that FTBD experiences smaller price fluctuations and is considered to be less risky than RSBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTBD	RSBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	3.09%	-1.63%
Volatility (6M) Calculated over the trailing 6-month period	3.17%	9.97%	-6.80%
Volatility (1Y) Calculated over the trailing 1-year period	4.32%	13.99%	-9.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.86%	13.68%	-7.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.86%	13.68%	-7.82%

FTBD vs. RSBT - Expense Ratio Comparison

FTBD has a 0.55% expense ratio, which is lower than RSBT's 0.97% expense ratio.

Dividends

FTBD vs. RSBT - Dividend Comparison

FTBD's dividend yield for the trailing twelve months is around 5.03%, more than RSBT's 2.90% yield.

Position	TTM	2025	2024	2023
FTBD Fidelity Tactical Bond ETF	5.03%	5.04%	4.76%	4.69%
RSBT Return Stacked Bonds & Managed Futures ETF	2.90%	3.20%	0.00%	2.38%

Frequently Asked Questions

Can I hold both FTBD and RSBT in my portfolio?

FTBD and RSBT have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTBD or RSBT?

RSBT has higher volatility (3.09%) compared to FTBD (1.46%). In terms of maximum drawdown, FTBD dropped -6.98% vs RSBT's -23.60%.

Which ETF is better, FTBD or RSBT?

On 3-year performance, FTBD leads with 5.19% vs 4.88% for RSBT. On fees, FTBD is cheaper at 0.55% per year. On volatility, FTBD has been the lower-risk option at 1.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTBD or RSBT?

Over the 3-year period, FTBD has performed better with a 5.19% return vs 4.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTBD or RSBT?

FTBD is cheaper with a 0.55% expense ratio, compared with 0.97% for RSBT.

Which ETF pays a higher dividend yield, FTBD or RSBT?

FTBD has the higher dividend yield at 5.03%, compared with 2.90% for RSBT.

What is the main difference between FTBD and RSBT?

They also come from different issuers: Fidelity and Return Stacked. Their fees differ too: 0.55% for FTBD and 0.97% for RSBT.

Which has better risk-adjusted returns?

RSBT currently has the higher Sharpe Ratio (1.96 vs 1.39), 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.