RSBT vs. RPAR

Last updated Jun 3, 2026

RSBT (Return Stacked Bonds & Managed Futures ETF) and RPAR (RPAR Risk Parity ETF) are both exchange-traded funds - RSBT is a Nontraditional Bonds fund actively managed by Return Stacked, while RPAR is a Hedge Fund fund actively managed by Toroso Investments. Both are actively managed. Over the past 3 years, RSBT returned 5.04%/yr vs 9.39%/yr for RPAR. At a 0.47 correlation, their price movements are largely independent. RSBT charges 0.97%/yr vs 0.51%/yr for RPAR.

Performance

RSBT vs. RPAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Return Stacked Bonds & Managed Futures ETF (RSBT) and RPAR Risk Parity ETF (RPAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSBT achieves a 10.66% return, which is significantly higher than RPAR's 8.04% return.

RSBT

• 1D: 0.56%
• 1M: 3.71%
• YTD: 10.66%
• 6M: 12.81%
• 1Y: 28.55%
• 3Y*: 5.04%
• 5Y*: —
• 10Y*: —

RPAR

• 1D: 0.83%
• 1M: 1.76%
• YTD: 8.04%
• 6M: 8.42%
• 1Y: 21.53%
• 3Y*: 9.39%
• 5Y*: 2.06%
• 10Y*: —

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

RSBT vs. RPAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSBT Return Stacked Bonds & Managed Futures ETF	10.66%	10.31%	-2.90%	-11.91%
RPAR RPAR Risk Parity ETF	8.04%	17.91%	0.06%	0.37%

Correlation

The correlation between RSBT and RPAR is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023	0.47

The correlation between RSBT and RPAR shifts across timeframes, from 0.47 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.

RSBT vs. RPAR - Sectors Allocation Comparison

Sectors	RSBT	RPAR
Financial Services	184.1%	35.9%
Basic Materials	-	6.4%
Communication Services	-	4.9%
Consumer Cyclical	-	0.1%
Consumer Defensive	-	0.3%
Energy	-	5.9%
Healthcare	-	5.1%
Industrials	-	2.1%
Real Estate	-	-0.0%
Technology	-	0.1%
Utilities	-	0.2%

Return for Risk

RSBT vs. RPAR — Risk / Return Rank

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

RSBT

RSBT Risk / Return Rank: 65
RSBT Sharpe Ratio Rank: 60
RSBT Sortino Ratio Rank: 55
RSBT Omega Ratio Rank: 61
RSBT Calmar Ratio Rank: 84
RSBT Martin Ratio Rank: 66

RPAR

RPAR Risk / Return Rank: 58
RPAR Sharpe Ratio Rank: 63
RPAR Sortino Ratio Rank: 63
RPAR Omega Ratio Rank: 62
RPAR Calmar Ratio Rank: 52
RPAR Martin Ratio Rank: 51

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.

RSBT vs. RPAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked Bonds & Managed Futures ETF (RSBT) and RPAR Risk Parity ETF (RPAR). 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.

	RSBT	RPAR	Difference
Sharpe ratio Return per unit of total volatility	2.05	2.12	-0.07
Sortino ratio Return per unit of downside risk	2.67	2.95	-0.28
Omega ratio Gain probability vs. loss probability	1.37	1.38	-0.01
Calmar ratio Return relative to maximum drawdown	4.61	2.65	+1.96
Martin ratio Return relative to average drawdown	12.35	8.82	+3.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSBT vs. RPAR - Sharpe Ratio Comparison

The current RSBT Sharpe Ratio is 2.05, which is comparable to the RPAR Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of RSBT and RPAR, 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

	RSBT	RPAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	2.12	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.37	-0.27

Drawdowns

RSBT vs. RPAR - Drawdown Comparison

The maximum RSBT drawdown since its inception was -23.60%, smaller than the maximum RPAR drawdown of -30.16%. Use the drawdown chart below to compare losses from any high point for RSBT and RPAR.

Drawdown Indicators

	RSBT	RPAR	Difference
Max Drawdown Largest peak-to-trough decline	-23.60%	-30.16%	+6.56%
Max Drawdown (1Y) Largest decline over 1 year	-6.33%	-8.10%	+1.77%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-13.20%	-5.78%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.16%	—
Current Drawdown Current decline from peak	0.00%	-2.17%	+2.17%
Average Drawdown Average peak-to-trough decline	-12.65%	-11.62%	-1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	2.44%	-0.08%

Volatility

RSBT vs. RPAR - Volatility Comparison

The current volatility for Return Stacked Bonds & Managed Futures ETF (RSBT) is 3.08%, while RPAR Risk Parity ETF (RPAR) has a volatility of 3.57%. This indicates that RSBT experiences smaller price fluctuations and is considered to be less risky than RPAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSBT	RPAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	3.57%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	8.38%	+1.64%
Volatility (1Y) Calculated over the trailing 1-year period	13.99%	10.19%	+3.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.69%	12.40%	+1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.69%	12.69%	+1.00%

RSBT vs. RPAR - Expense Ratio Comparison

RSBT has a 0.97% expense ratio, which is higher than RPAR's 0.51% expense ratio.

Dividends

RSBT vs. RPAR - Dividend Comparison

RSBT's dividend yield for the trailing twelve months is around 2.89%, more than RPAR's 2.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
RPAR RPAR Risk Parity ETF	2.06%	2.55%	2.51%	3.16%	4.01%	2.02%	0.76%	0.23%
RSBT Return Stacked Bonds & Managed Futures ETF	2.89%	3.20%	0.00%	2.38%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSBT and RPAR in my portfolio?

RSBT and RPAR have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSBT or RPAR?

RPAR has higher volatility (3.57%) compared to RSBT (3.08%). In terms of maximum drawdown, RSBT dropped -23.60% vs RPAR's -30.16%.

Which ETF is better, RSBT or RPAR?

On 3-year performance, RPAR leads with 9.39% vs 5.04% for RSBT. On fees, RPAR is cheaper at 0.51% per year. On volatility, RSBT has been the lower-risk option at 3.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSBT or RPAR?

Over the 3-year period, RPAR has performed better with a 9.39% return vs 5.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSBT or RPAR?

RPAR is cheaper with a 0.51% expense ratio, compared with 0.97% for RSBT.

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

RSBT has the higher dividend yield at 2.89%, compared with 2.06% for RPAR.

What is the main difference between RSBT and RPAR?

RSBT is categorized as Nontraditional Bonds, while RPAR is Hedge Fund. They also come from different issuers: Return Stacked and Toroso Investments. Their fees differ too: 0.97% for RSBT and 0.51% for RPAR.

Which has better risk-adjusted returns?

RPAR currently has the higher Sharpe Ratio (2.12 vs 2.05), 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.