HF vs. RSBY

Last updated Jun 6, 2026

HF (DGA Core Plus Absolute Return ETF) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both Multistrategy funds. Both are actively managed. Over the past year, HF returned 11.16% vs 20.17% for RSBY. At a correlation of -0.19, they often move in opposite directions. HF charges 1.70%/yr vs 0.98%/yr for RSBY.

Performance

HF vs. RSBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DGA Core Plus Absolute Return ETF (HF) 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, HF achieves a 4.33% return, which is significantly lower than RSBY's 19.04% return.

HF

• 1D: -1.42%
• 1M: 0.65%
• YTD: 4.33%
• 6M: 4.44%
• 1Y: 11.16%
• 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)

HF vs. RSBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HF DGA Core Plus Absolute Return ETF	4.33%	4.38%	-1.97%
RSBY Return Stacked Bonds & Futures Yield ETF	19.04%	-12.98%	-7.90%

Correlation

The correlation between HF and RSBY is -0.22, 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	-0.22
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024	-0.19

Return for Risk

HF vs. RSBY — Risk / Return Rank

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

HF

HF Risk / Return Rank: 75
HF Sharpe Ratio Rank: 72
HF Sortino Ratio Rank: 74
HF Omega Ratio Rank: 77
HF Calmar Ratio Rank: 77
HF Martin Ratio Rank: 75

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.

HF vs. RSBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DGA Core Plus Absolute Return ETF (HF) 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.

	HF	RSBY	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.72	+0.38
Sortino ratio: Return per unit of downside risk	2.98	2.51	+0.47
Omega ratio: Gain probability vs. loss probability	1.41	1.30	+0.11
Calmar ratio: Return relative to maximum drawdown	3.56	2.55	+1.01
Martin ratio: Return relative to average drawdown	13.01	5.96	+7.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HF vs. RSBY - Sharpe Ratio Comparison

The current HF Sharpe Ratio is 2.10, which is comparable to the RSBY Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of HF 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

	HF	RSBY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	1.72	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	1.38	-0.19	+1.57

Drawdowns

HF vs. RSBY - Drawdown Comparison

The maximum HF drawdown since its inception was -5.94%, smaller than the maximum RSBY drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for HF and RSBY.

Drawdown Indicators

	HF	RSBY	Difference
Max Drawdown Largest peak-to-trough decline	-5.94%	-23.32%	+17.38%
Max Drawdown (1Y) Largest decline over 1 year	-3.14%	-7.95%	+4.81%
Current Drawdown Current decline from peak	-1.42%	-6.04%	+4.62%
Average Drawdown Average peak-to-trough decline	-1.63%	-13.76%	+12.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	3.40%	-2.54%

Volatility

HF vs. RSBY - Volatility Comparison

DGA Core Plus Absolute Return ETF (HF) has a higher volatility of 2.55% compared to Return Stacked Bonds & Futures Yield ETF (RSBY) at 1.93%. This indicates that HF'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

	HF	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	1.93%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	4.23%	8.51%	-4.28%
Volatility (1Y) Calculated over the trailing 1-year period	5.33%	11.78%	-6.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.30%	13.53%	-7.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.30%	13.53%	-7.23%

HF vs. RSBY - Expense Ratio Comparison

HF has a 1.70% expense ratio, which is higher than RSBY's 0.98% expense ratio.

Dividends

HF vs. RSBY - Dividend Comparison

HF's dividend yield for the trailing twelve months is around 0.90%, less than RSBY's 1.74% yield.

Position	TTM	2025	2024	2023
HF DGA Core Plus Absolute Return ETF	0.90%	0.94%	11.18%	2.49%
RSBY Return Stacked Bonds & Futures Yield ETF	1.74%	2.07%	2.29%	0.00%

Frequently Asked Questions

Can I hold both HF and RSBY in my portfolio?

HF and RSBY have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HF or RSBY?

HF has higher volatility (2.55%) compared to RSBY (1.93%). In terms of maximum drawdown, HF dropped -5.94% vs RSBY's -23.32%.

Which ETF is better, HF or RSBY?

On 1-year performance, RSBY leads with 20.17% vs 11.16% for HF. On fees, RSBY is cheaper at 0.98% 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, HF or RSBY?

Over the 1-year period, RSBY has performed better with a 20.17% return vs 11.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HF or RSBY?

RSBY is cheaper with a 0.98% expense ratio, compared with 1.70% for HF.

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

RSBY has the higher dividend yield at 1.74%, compared with 0.90% for HF.

What is the main difference between HF and RSBY?

They also come from different issuers: Days Global Advisors and Return Stacked. Their fees differ too: 1.70% for HF and 0.98% for RSBY.

Which has better risk-adjusted returns?

HF currently has the higher Sharpe Ratio (2.10 vs 1.72), 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.