IAT vs. RSBY

Last updated Jul 12, 2026

IAT (iShares U.S. Regional Banks ETF) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both exchange-traded funds - IAT is a Financials Equities fund tracking the Dow Jones U.S. Select Regional Banks Index, while RSBY is a Multistrategy fund actively managed by Return Stacked. IAT is passively managed, while RSBY is actively managed. Over the past year, IAT returned 24.76% vs 17.35% for RSBY. At a correlation of -0.11, they often move in opposite directions. IAT charges 0.42%/yr vs 0.98%/yr for RSBY.

Performance

IAT vs. RSBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Regional Banks ETF (IAT) 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, IAT achieves a 16.09% return, which is significantly lower than RSBY's 18.52% return.

IAT

• 1D: 0.81%
• 1M: 3.72%
• 6M: 11.69%
• YTD: 16.09%
• 1Y: 24.76%
• 3Y*: 25.79%
• 5Y*: 5.20%
• 10Y*: 9.68%

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)

IAT vs. RSBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IAT iShares U.S. Regional Banks ETF	16.09%	13.05%	11.20%
RSBY Return Stacked Bonds & Futures Yield ETF	18.52%	-12.98%	-7.79%

Correlation

The correlation between IAT and RSBY is -0.17, 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	-0.17
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	-0.11

Return for Risk

IAT vs. RSBY — Risk / Return Rank

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

IAT

IAT Risk / Return Rank: 35
IAT Sharpe Ratio Rank: 37
IAT Sortino Ratio Rank: 36
IAT Omega Ratio Rank: 37
IAT Calmar Ratio Rank: 33
IAT Martin Ratio Rank: 30

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.

IAT vs. RSBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Regional Banks ETF (IAT) 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.

	IAT	RSBY	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.50	-0.42
Sortino ratio: Return per unit of downside risk	1.55	2.18	-0.64
Omega ratio: Gain probability vs. loss probability	1.20	1.26	-0.06
Calmar ratio: Return relative to maximum drawdown	1.36	2.15	-0.78
Martin ratio: Return relative to average drawdown	3.48	5.04	-1.56

IAT vs. RSBY - Sharpe Ratio Comparison

The current IAT Sharpe Ratio is 1.09, which is comparable to the RSBY Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of IAT 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

IAT vs. RSBY - Drawdown Comparison

The maximum IAT drawdown since its inception was -77.22%, which is greater than RSBY's maximum drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for IAT and RSBY.

Drawdown Indicators

	IAT	RSBY	Difference
Max Drawdown Largest peak-to-trough decline	-77.22%	-23.32%	-53.90%
Max Drawdown (1Y) Largest decline over 1 year	-17.49%	-7.95%	-9.54%
Max Drawdown (3Y) Largest decline over 3 years	-29.29%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-55.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-55.55%	—	—
Current Drawdown Current decline from peak	-0.28%	-6.45%	+6.17%
Average Drawdown Average peak-to-trough decline	-26.85%	-13.35%	-13.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.87%	3.39%	+3.48%

Volatility

IAT vs. RSBY - Volatility Comparison

iShares U.S. Regional Banks ETF (IAT) has a higher volatility of 6.19% compared to Return Stacked Bonds & Futures Yield ETF (RSBY) at 3.15%. This indicates that IAT'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

	IAT	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	3.15%	+3.04%
Volatility (6M) Calculated over the trailing 6-month period	16.40%	8.37%	+8.03%
Volatility (1Y) Calculated over the trailing 1-year period	22.01%	11.41%	+10.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.89%	13.37%	+15.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.66%	13.37%	+17.29%

IAT vs. RSBY - Expense Ratio Comparison

IAT has a 0.42% expense ratio, which is lower than RSBY's 0.98% expense ratio.

Dividends

IAT vs. RSBY - Dividend Comparison

IAT's dividend yield for the trailing twelve months is around 2.55%, more than RSBY's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IAT iShares U.S. Regional Banks ETF	2.55%	2.94%	2.95%	3.56%	3.12%	1.88%	2.87%	2.49%	2.48%	1.55%	1.52%	1.78%
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 IAT and RSBY in my portfolio?

IAT and RSBY have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IAT or RSBY?

IAT has higher volatility (6.19%) compared to RSBY (3.15%). In terms of maximum drawdown, IAT dropped -77.22% vs RSBY's -23.32%.

Which ETF is better, IAT or RSBY?

On 1-year performance, IAT leads with 24.76% vs 17.35% for RSBY. On fees, IAT is cheaper at 0.42% 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, IAT or RSBY?

Over the 1-year period, IAT has performed better with a 24.76% return vs 17.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IAT or RSBY?

IAT is cheaper with a 0.42% expense ratio, compared with 0.98% for RSBY.

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

IAT has the higher dividend yield at 2.55%, compared with 1.75% for RSBY.

What is the main difference between IAT and RSBY?

IAT is categorized as Financials Equities, while RSBY is Multistrategy. They also come from different issuers: iShares and Return Stacked. Their fees differ too: 0.42% for IAT and 0.98% for RSBY.

Which has better risk-adjusted returns?

RSBY currently has the higher Sharpe Ratio (1.50 vs 1.09), 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.