IBTF vs. RSBT

Last updated Jun 23, 2026

IBTF (iShares iBonds Dec 2025 Term Treasury ETF) and RSBT (Return Stacked Bonds & Managed Futures ETF) are both exchange-traded funds - IBTF is a Government Bonds fund tracking the ICE 2025 Maturity US Treasury Index, while RSBT is a Nontraditional Bonds fund actively managed by Return Stacked. IBTF is passively managed, while RSBT is actively managed. Over the past 3 years, IBTF returned 3.74%/yr vs 3.38%/yr for RSBT. At a correlation of -0.03, they often move in opposite directions. IBTF charges 0.07%/yr vs 0.97%/yr for RSBT.

Performance

IBTF vs. RSBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2025 Term Treasury ETF (IBTF) and Return Stacked Bonds & Managed Futures ETF (RSBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBTF

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 1.92%
• 3Y*: 3.74%
• 5Y*: 0.96%
• 10Y*: —

RSBT

• 1D: -0.26%
• 1M: -1.49%
• YTD: 6.76%
• 6M: 5.94%
• 1Y: 24.65%
• 3Y*: 3.38%
• 5Y*: —
• 10Y*: —

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

IBTF vs. RSBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBTF iShares iBonds Dec 2025 Term Treasury ETF	0.00%	3.81%	4.60%	3.66%
RSBT Return Stacked Bonds & Managed Futures ETF	6.76%	10.31%	-2.90%	-11.85%

Correlation

The correlation between IBTF and RSBT is -0.14, 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	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023	-0.03

The correlation between IBTF and RSBT shifts across timeframes, from -0.14 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IBTF vs. RSBT — Risk / Return Rank

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

IBTF

IBTF Risk / Return Rank: 99
IBTF Sharpe Ratio Rank: 99
IBTF Sortino Ratio Rank: 99
IBTF Omega Ratio Rank: 99
IBTF Calmar Ratio Rank: 99
IBTF Martin Ratio Rank: 99

RSBT

RSBT Risk / Return Rank: 56
RSBT Sharpe Ratio Rank: 50
RSBT Sortino Ratio Rank: 44
RSBT Omega Ratio Rank: 52
RSBT Calmar Ratio Rank: 78
RSBT Martin Ratio Rank: 58

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.

IBTF vs. RSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2025 Term Treasury ETF (IBTF) 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.

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.

	IBTF	RSBT	Difference
Sharpe ratio: Return per unit of total volatility	6.75	1.69	+5.06
Sortino ratio: Return per unit of downside risk	19.44	2.17	+17.27
Omega ratio: Gain probability vs. loss probability	6.26	1.32	+4.94
Calmar ratio: Return relative to maximum drawdown	53.32	3.91	+49.41
Martin ratio: Return relative to average drawdown	269.65	9.89	+259.76

IBTF vs. RSBT - Sharpe Ratio Comparison

The current IBTF Sharpe Ratio is 6.75, which is higher than the RSBT Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of IBTF 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.

Drawdowns

IBTF vs. RSBT - Drawdown Comparison

The maximum IBTF drawdown since its inception was -10.45%, smaller than the maximum RSBT drawdown of -23.60%. Use the drawdown chart below to compare losses from any high point for IBTF and RSBT.

Drawdown Indicators

	IBTF	RSBT	Difference
Max Drawdown Largest peak-to-trough decline	-10.45%	-23.60%	+13.15%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	-6.33%	+6.29%
Max Drawdown (3Y) Largest decline over 3 years	-0.46%	-18.98%	+18.52%
Max Drawdown (5Y) Largest decline over 5 years	-9.53%	—	—
Current Drawdown Current decline from peak	0.00%	-3.53%	+3.53%
Average Drawdown Average peak-to-trough decline	-3.30%	-12.50%	+9.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	2.50%	-2.49%

Volatility

IBTF vs. RSBT - Volatility Comparison

The current volatility for iShares iBonds Dec 2025 Term Treasury ETF (IBTF) is 0.00%, while Return Stacked Bonds & Managed Futures ETF (RSBT) has a volatility of 5.58%. This indicates that IBTF 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

	IBTF	RSBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	5.58%	-5.58%
Volatility (6M) Calculated over the trailing 6-month period	0.15%	11.00%	-10.85%
Volatility (1Y) Calculated over the trailing 1-year period	0.34%	14.69%	-14.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.37%	13.84%	-11.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.55%	13.84%	-11.29%

IBTF vs. RSBT - Expense Ratio Comparison

IBTF has a 0.07% expense ratio, which is lower than RSBT's 0.97% expense ratio.

Dividends

IBTF vs. RSBT - Dividend Comparison

IBTF's dividend yield for the trailing twelve months is around 2.08%, less than RSBT's 3.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
IBTF iShares iBonds Dec 2025 Term Treasury ETF	2.08%	3.83%	4.32%	4.03%	1.93%	0.57%	0.59%
RSBT Return Stacked Bonds & Managed Futures ETF	3.00%	3.20%	0.00%	2.38%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBTF and RSBT in my portfolio?

IBTF and RSBT have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBTF or RSBT?

RSBT has higher volatility (5.58%) compared to IBTF (0.00%). In terms of maximum drawdown, IBTF dropped -10.45% vs RSBT's -23.60%.

Which ETF is better, IBTF or RSBT?

On 3-year performance, IBTF leads with 3.74% vs 3.38% for RSBT. On fees, IBTF is cheaper at 0.07% per year. On volatility, IBTF has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBTF or RSBT?

Over the 3-year period, IBTF has performed better with a 3.74% return vs 3.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBTF or RSBT?

IBTF is cheaper with a 0.07% expense ratio, compared with 0.97% for RSBT.

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

RSBT has the higher dividend yield at 3.00%, compared with 2.08% for IBTF.

What is the main difference between IBTF and RSBT?

IBTF is categorized as Government Bonds, while RSBT is Nontraditional Bonds. They also come from different issuers: iShares and Return Stacked. Their fees differ too: 0.07% for IBTF and 0.97% for RSBT.

Which has better risk-adjusted returns?

IBTF currently has the higher Sharpe Ratio (6.75 vs 1.69), 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.