RSBY vs. GKAT

Last updated Jun 4, 2026

RSBY (Return Stacked Bonds & Futures Yield ETF) and GKAT (Scharf Global Opportunity ETF) are both exchange-traded funds - RSBY is a Multistrategy fund actively managed by Return Stacked, while GKAT is a Global Equities fund managed by Scharf Investments. At a correlation of -0.21, they often move in opposite directions. RSBY charges 0.98%/yr vs 0.59%/yr for GKAT.

Performance

RSBY vs. GKAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Return Stacked Bonds & Futures Yield ETF (RSBY) and Scharf Global Opportunity ETF (GKAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSBY achieves a 18.98% return, which is significantly higher than GKAT's 9.70% return.

RSBY

• 1D: 0.63%
• 1M: -2.54%
• YTD: 18.98%
• 6M: 14.31%
• 1Y: 20.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GKAT

• 1D: -0.69%
• 1M: 4.59%
• YTD: 9.70%
• 6M: 12.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSBY vs. GKAT - Yearly Performance Comparison

	2026 (YTD)	2025
RSBY Return Stacked Bonds & Futures Yield ETF	18.98%	-2.28%
GKAT Scharf Global Opportunity ETF	9.70%	6.04%

Correlation

The correlation between RSBY and GKAT is -0.21, 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 (All Time) Calculated using the full available price history since Aug 26, 2025	-0.21

Return for Risk

RSBY vs. GKAT — Risk / Return Rank

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

RSBY

RSBY Risk / Return Rank: 49
RSBY Sharpe Ratio Rank: 51
RSBY Sortino Ratio Rank: 53
RSBY Omega Ratio Rank: 48
RSBY Calmar Ratio Rank: 53
RSBY Martin Ratio Rank: 39

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.

RSBY vs. GKAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked Bonds & Futures Yield ETF (RSBY) and Scharf Global Opportunity ETF (GKAT). 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.

	RSBY	GKAT	Difference
Sharpe ratio: Return per unit of total volatility	1.75	—	—
Sortino ratio: Return per unit of downside risk	2.54	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.59	—	—
Martin ratio: Return relative to average drawdown	6.07	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RSBY	GKAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.20	1.82	-2.01

Drawdowns

RSBY vs. GKAT - Drawdown Comparison

The maximum RSBY drawdown since its inception was -23.32%, which is greater than GKAT's maximum drawdown of -10.41%. Use the drawdown chart below to compare losses from any high point for RSBY and GKAT.

Drawdown Indicators

	RSBY	GKAT	Difference
Max Drawdown Largest peak-to-trough decline	-23.32%	-10.41%	-12.91%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	—	—
Current Drawdown Current decline from peak	-6.09%	-0.97%	-5.12%
Average Drawdown Average peak-to-trough decline	-13.79%	-2.07%	-11.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	—	—

Volatility

Volatility by Period

	RSBY	GKAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.80%	11.97%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.56%	11.97%	+1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.56%	11.97%	+1.59%

RSBY vs. GKAT - Expense Ratio Comparison

RSBY has a 0.98% expense ratio, which is higher than GKAT's 0.59% expense ratio.

Dividends

RSBY vs. GKAT - Dividend Comparison

RSBY's dividend yield for the trailing twelve months is around 1.74%, more than GKAT's 0.44% yield.

Position	TTM	2025	2024
GKAT Scharf Global Opportunity ETF	0.44%	0.24%	0.00%
RSBY Return Stacked Bonds & Futures Yield ETF	1.74%	2.07%	2.29%

Frequently Asked Questions

Can I hold both RSBY and GKAT in my portfolio?

RSBY and GKAT have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RSBY or GKAT?

On fees, GKAT is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RSBY or GKAT?

GKAT is cheaper with a 0.59% expense ratio, compared with 0.98% for RSBY.

Which ETF pays a higher dividend yield, RSBY or GKAT?

RSBY has the higher dividend yield at 1.74%, compared with 0.44% for GKAT.

What is the main difference between RSBY and GKAT?

RSBY is categorized as Multistrategy, while GKAT is Global Equities. They also come from different issuers: Return Stacked and Scharf Investments. Their fees differ too: 0.98% for RSBY and 0.59% for GKAT.