RLY vs. WEEK

Last updated Jun 4, 2026

RLY (SPDR SSgA Multi-Asset Real Return ETF) and WEEK (Roundhill Weekly T-Bill ETF) are both exchange-traded funds - RLY is a Hedge Fund fund actively managed by State Street, while WEEK is a Ultrashort Bond fund actively managed by Roundhill. Both are actively managed. Over the past year, RLY returned 31.78% vs 3.81% for WEEK. At a correlation of -0.12, they often move in opposite directions. RLY charges 0.50%/yr vs 0.19%/yr for WEEK.

Performance

RLY vs. WEEK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSgA Multi-Asset Real Return ETF (RLY) and Roundhill Weekly T-Bill ETF (WEEK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RLY achieves a 17.13% return, which is significantly higher than WEEK's 1.44% return.

RLY

• 1D: -0.30%
• 1M: -0.30%
• YTD: 17.13%
• 6M: 18.27%
• 1Y: 31.78%
• 3Y*: 15.11%
• 5Y*: 10.43%
• 10Y*: 8.56%

WEEK

• 1D: 0.02%
• 1M: 0.28%
• YTD: 1.44%
• 6M: 1.74%
• 1Y: 3.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RLY vs. WEEK - Yearly Performance Comparison

	2026 (YTD)	2025
RLY SPDR SSgA Multi-Asset Real Return ETF	17.13%	17.60%
WEEK Roundhill Weekly T-Bill ETF	1.44%	3.37%

Correlation

The correlation between RLY and WEEK is -0.20, 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	-0.20
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	-0.12

Return for Risk

RLY vs. WEEK — Risk / Return Rank

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

RLY

RLY Risk / Return Rank: 92
RLY Sharpe Ratio Rank: 90
RLY Sortino Ratio Rank: 91
RLY Omega Ratio Rank: 90
RLY Calmar Ratio Rank: 95
RLY Martin Ratio Rank: 95

WEEK

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

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.

RLY vs. WEEK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Multi-Asset Real Return ETF (RLY) and Roundhill Weekly T-Bill ETF (WEEK). 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.

	RLY	WEEK	Difference
Sharpe ratio: Return per unit of total volatility	3.17	9.29	-6.12
Sortino ratio: Return per unit of downside risk	4.33	19.14	-14.81
Omega ratio: Gain probability vs. loss probability	1.60	4.65	-3.06
Calmar ratio: Return relative to maximum drawdown	8.60	29.49	-20.89
Martin ratio: Return relative to average drawdown	31.17	263.82	-232.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RLY vs. WEEK - Sharpe Ratio Comparison

The current RLY Sharpe Ratio is 3.17, which is lower than the WEEK Sharpe Ratio of 9.29. The chart below compares the historical Sharpe Ratios of RLY and WEEK, 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

	RLY	WEEK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.17	9.29	-6.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	10.05	-9.67

Drawdowns

RLY vs. WEEK - Drawdown Comparison

The maximum RLY drawdown since its inception was -37.75%, which is greater than WEEK's maximum drawdown of -0.13%. Use the drawdown chart below to compare losses from any high point for RLY and WEEK.

Drawdown Indicators

	RLY	WEEK	Difference
Max Drawdown Largest peak-to-trough decline	-37.75%	-0.13%	-37.62%
Max Drawdown (1Y) Largest decline over 1 year	-3.71%	-0.13%	-3.58%
Max Drawdown (3Y) Largest decline over 3 years	-10.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.17%	—	—
Current Drawdown Current decline from peak	-1.60%	0.00%	-1.60%
Average Drawdown Average peak-to-trough decline	-9.46%	-0.01%	-9.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	0.01%	+1.01%

Volatility

RLY vs. WEEK - Volatility Comparison

SPDR SSgA Multi-Asset Real Return ETF (RLY) has a higher volatility of 3.00% compared to Roundhill Weekly T-Bill ETF (WEEK) at 0.07%. This indicates that RLY's price experiences larger fluctuations and is considered to be riskier than WEEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RLY	WEEK	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	0.07%	+2.93%
Volatility (6M) Calculated over the trailing 6-month period	8.15%	0.25%	+7.90%
Volatility (1Y) Calculated over the trailing 1-year period	10.06%	0.41%	+9.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	0.39%	+13.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.81%	0.39%	+13.42%

RLY vs. WEEK - Expense Ratio Comparison

RLY has a 0.50% expense ratio, which is higher than WEEK's 0.19% expense ratio.

Dividends

RLY vs. WEEK - Dividend Comparison

RLY's dividend yield for the trailing twelve months is around 2.86%, less than WEEK's 3.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RLY SPDR SSgA Multi-Asset Real Return ETF	2.86%	3.24%	3.31%	3.71%	5.66%	12.15%	2.16%	3.45%	2.76%	1.85%	2.07%	1.80%
WEEK Roundhill Weekly T-Bill ETF	3.72%	3.27%	0.00%	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 RLY and WEEK in my portfolio?

RLY and WEEK have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RLY or WEEK?

RLY has higher volatility (3.00%) compared to WEEK (0.07%). In terms of maximum drawdown, RLY dropped -37.75% vs WEEK's -0.13%.

Which ETF is better, RLY or WEEK?

On 1-year performance, RLY leads with 31.78% vs 3.81% for WEEK. On fees, WEEK is cheaper at 0.19% per year. On volatility, WEEK has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RLY or WEEK?

Over the 1-year period, RLY has performed better with a 31.78% return vs 3.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RLY or WEEK?

WEEK is cheaper with a 0.19% expense ratio, compared with 0.50% for RLY.

Which ETF pays a higher dividend yield, RLY or WEEK?

WEEK has the higher dividend yield at 3.72%, compared with 2.86% for RLY.

What is the main difference between RLY and WEEK?

RLY is categorized as Hedge Fund, while WEEK is Ultrashort Bond. They also come from different issuers: State Street and Roundhill. Their fees differ too: 0.50% for RLY and 0.19% for WEEK.

Which has better risk-adjusted returns?

WEEK currently has the higher Sharpe Ratio (9.29 vs 3.17), 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.