RSBA vs. IBIT
RSBA (Return Stacked Bonds & Merger Arbitrage ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - RSBA is a Leveraged Bonds fund actively managed by Return Stacked, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. RSBA is actively managed, while IBIT is passively managed. Over the past year, RSBA returned 3.91% vs -47.60% for IBIT. At a 0.06 correlation, their price movements are largely independent. RSBA charges 0.96%/yr vs 0.25%/yr for IBIT.
Performance
RSBA vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, RSBA achieves a 0.29% return, which is significantly higher than IBIT's -29.06% return.
RSBA
- 1D
- -0.24%
- 1M
- 0.19%
- 6M
- -0.10%
- YTD
- 0.29%
- 1Y
- 3.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.79%
- 1M
- -2.28%
- 6M
- -32.10%
- YTD
- -29.06%
- 1Y
- -47.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RSBA vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RSBA Return Stacked Bonds & Merger Arbitrage ETF | 0.29% | 7.73% | -0.11% |
IBIT iShares Bitcoin Trust ETF | -29.06% | -6.41% | -12.65% |
Correlation
The correlation between RSBA and IBIT is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024 | 0.06 |
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Return for Risk
RSBA vs. IBIT — Risk / Return Rank
RSBA
IBIT
RSBA vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Return Stacked Bonds & Merger Arbitrage ETF (RSBA) and iShares Bitcoin Trust ETF (IBIT). 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.
| RSBA | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.82 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | -0.90 | +2.33 |
| Martin ratioReturn relative to average drawdown | 3.81 | -1.46 | +5.27 |
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Drawdowns
RSBA vs. IBIT - Drawdown Comparison
The maximum RSBA drawdown since its inception was -2.83%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for RSBA and IBIT.
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Drawdown Indicators
| RSBA | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.83% | -53.30% | +50.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -53.30% | +50.56% |
Current DrawdownCurrent decline from peak | -1.04% | -50.60% | +49.56% |
Average DrawdownAverage peak-to-trough decline | -0.81% | -17.56% | +16.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 32.72% | -31.69% |
Volatility
RSBA vs. IBIT - Volatility Comparison
The current volatility for Return Stacked Bonds & Merger Arbitrage ETF (RSBA) is 1.39%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 11.51%. This indicates that RSBA experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSBA | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 11.51% | -10.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.47% | 34.79% | -31.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.51% | 44.38% | -39.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.05% | 49.97% | -44.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 49.97% | -44.92% |
RSBA vs. IBIT - Expense Ratio Comparison
RSBA has a 0.96% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
RSBA vs. IBIT - Dividend Comparison
RSBA's dividend yield for the trailing twelve months is around 3.36%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% |
RSBA Return Stacked Bonds & Merger Arbitrage ETF | 3.36% | 3.37% | 0.01% |
Frequently Asked Questions
RSBA and IBIT have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (11.51%) compared to RSBA (1.39%). In terms of maximum drawdown, RSBA dropped -2.83% vs IBIT's -53.30%.
On 1-year performance, RSBA leads with 3.91% vs -47.60% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, RSBA has been the lower-risk option at 1.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RSBA has performed better with a 3.91% return vs -47.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.96% for RSBA.
RSBA has the higher dividend yield at 3.36%, compared with 0.00% for IBIT.
RSBA is categorized as Leveraged Bonds, while IBIT is Cryptocurrency. They also come from different issuers: Return Stacked and iShares. Their fees differ too: 0.96% for RSBA and 0.25% for IBIT.
RSBA currently has the higher Sharpe Ratio (0.87 vs -1.08), 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.
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