NFRA vs. RSBT

Last updated Jun 14, 2026

NFRA (FlexShares STOXX Global Broad Infrastructure Index Fund) and RSBT (Return Stacked Bonds & Managed Futures ETF) are both exchange-traded funds - NFRA is a Utilities Equities fund tracking the STOXX Global Broad Infrastructure Index, while RSBT is a Nontraditional Bonds fund actively managed by Return Stacked. NFRA is passively managed, while RSBT is actively managed. Over the past 3 years, NFRA returned 12.83%/yr vs 3.21%/yr for RSBT. At a 0.35 correlation, their price movements are largely independent. NFRA charges 0.47%/yr vs 0.97%/yr for RSBT.

Performance

NFRA vs. RSBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) 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, NFRA achieves a 9.54% return, which is significantly higher than RSBT's 6.42% return.

NFRA

• 1D: 0.72%
• 1M: 0.76%
• YTD: 9.54%
• 6M: 10.58%
• 1Y: 14.51%
• 3Y*: 12.83%
• 5Y*: 5.59%
• 10Y*: 7.41%

RSBT

• 1D: 0.37%
• 1M: -3.00%
• YTD: 6.42%
• 6M: 8.27%
• 1Y: 23.51%
• 3Y*: 3.21%
• 5Y*: —
• 10Y*: —

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

NFRA vs. RSBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund	9.54%	18.42%	4.76%	4.88%
RSBT Return Stacked Bonds & Managed Futures ETF	6.42%	10.31%	-2.90%	-11.85%

Correlation

The correlation between NFRA and RSBT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023	0.35

The correlation between NFRA and RSBT shifts across timeframes, from 0.35 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NFRA vs. RSBT — Risk / Return Rank

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

NFRA

NFRA Risk / Return Rank: 42
NFRA Sharpe Ratio Rank: 42
NFRA Sortino Ratio Rank: 42
NFRA Omega Ratio Rank: 41
NFRA Calmar Ratio Rank: 43
NFRA Martin Ratio Rank: 42

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: 59

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.

NFRA vs. RSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) 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.

	NFRA	RSBT	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.52	-0.19
Sortino ratio: Return per unit of downside risk	1.91	1.97	-0.06
Omega ratio: Gain probability vs. loss probability	1.24	1.28	-0.05
Calmar ratio: Return relative to maximum drawdown	1.89	3.53	-1.63
Martin ratio: Return relative to average drawdown	5.96	9.11	-3.15

NFRA vs. RSBT - Sharpe Ratio Comparison

The current NFRA Sharpe Ratio is 1.32, which is comparable to the RSBT Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of NFRA 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

NFRA vs. RSBT - Drawdown Comparison

The maximum NFRA drawdown since its inception was -32.49%, which is greater than RSBT's maximum drawdown of -23.60%. Use the drawdown chart below to compare losses from any high point for NFRA and RSBT.

Drawdown Indicators

	NFRA	RSBT	Difference
Max Drawdown Largest peak-to-trough decline	-32.49%	-23.60%	-8.89%
Max Drawdown (1Y) Largest decline over 1 year	-7.28%	-6.33%	-0.95%
Max Drawdown (3Y) Largest decline over 3 years	-11.15%	-18.98%	+7.83%
Max Drawdown (5Y) Largest decline over 5 years	-22.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.49%	—	—
Current Drawdown Current decline from peak	-1.60%	-3.83%	+2.23%
Average Drawdown Average peak-to-trough decline	-4.52%	-12.55%	+8.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	2.45%	-0.13%

Volatility

NFRA vs. RSBT - Volatility Comparison

The current volatility for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) is 3.19%, while Return Stacked Bonds & Managed Futures ETF (RSBT) has a volatility of 5.71%. This indicates that NFRA 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

	NFRA	RSBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	5.71%	-2.52%
Volatility (6M) Calculated over the trailing 6-month period	8.35%	11.07%	-2.72%
Volatility (1Y) Calculated over the trailing 1-year period	10.44%	14.74%	-4.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.99%	13.88%	-0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.96%	13.88%	+1.08%

NFRA vs. RSBT - Expense Ratio Comparison

NFRA has a 0.47% expense ratio, which is lower than RSBT's 0.97% expense ratio.

Dividends

NFRA vs. RSBT - Dividend Comparison

NFRA's dividend yield for the trailing twelve months is around 5.51%, more than RSBT's 3.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund	5.51%	6.00%	3.33%	2.57%	2.28%	2.71%	2.22%	2.27%	3.06%	2.81%	2.98%	2.47%
RSBT Return Stacked Bonds & Managed Futures ETF	3.01%	3.20%	0.00%	2.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NFRA and RSBT in my portfolio?

NFRA and RSBT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NFRA or RSBT?

RSBT has higher volatility (5.71%) compared to NFRA (3.19%). In terms of maximum drawdown, NFRA dropped -32.49% vs RSBT's -23.60%.

Which ETF is better, NFRA or RSBT?

On 3-year performance, NFRA leads with 12.83% vs 3.21% for RSBT. On fees, NFRA is cheaper at 0.47% per year. On volatility, NFRA has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NFRA or RSBT?

Over the 3-year period, NFRA has performed better with a 12.83% return vs 3.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NFRA or RSBT?

NFRA is cheaper with a 0.47% expense ratio, compared with 0.97% for RSBT.

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

NFRA has the higher dividend yield at 5.51%, compared with 3.01% for RSBT.

What is the main difference between NFRA and RSBT?

NFRA is categorized as Utilities Equities, while RSBT is Nontraditional Bonds. They also come from different issuers: FlexShares and Return Stacked. Their fees differ too: 0.47% for NFRA and 0.97% for RSBT.

Which has better risk-adjusted returns?

RSBT currently has the higher Sharpe Ratio (1.52 vs 1.32), 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.