RSBY vs. HFND

Last updated Aug 2, 2026

RSBY (Return Stacked Bonds & Futures Yield ETF) and HFND (Unlimited HFND Multi-Strategy Return Tracker ETF) are both Multistrategy funds. Both are actively managed. Over the past year, RSBY returned 12.59% vs 14.50% for HFND. Their -0.18 correlation means they have often moved in opposite directions in the past. RSBY charges 0.98%/yr vs 1.22%/yr for HFND.

Performance

RSBY vs. HFND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Return Stacked Bonds & Futures Yield ETF (RSBY) and Unlimited HFND Multi-Strategy Return Tracker ETF (HFND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSBY achieves a 15.76% return, which is significantly higher than HFND's 7.36% return.

RSBY

• 1D: -0.66%
• 1M: -2.92%
• 6M: 12.75%
• YTD: 15.76%
• 1Y: 12.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -3.73%

HFND

• 1D: -0.16%
• 1M: -0.78%
• 6M: 3.29%
• YTD: 7.36%
• 1Y: 14.50%
• 3Y*: 8.42%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.05%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HFND Unlimited HFND Multi-Strategy Return Tracker ETF	$479.64K	$339.51K	$276.08K
RSBY Return Stacked Bonds & Futures Yield ETF	$290.19K	$414.45K	$303.00K

RSBY vs. HFND - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RSBY Return Stacked Bonds & Futures Yield ETF	15.76%	-12.98%	-7.79%
HFND Unlimited HFND Multi-Strategy Return Tracker ETF	7.36%	8.93%	3.21%

Correlation

The correlation between RSBY and HFND is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.17
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	-0.18

Return for Risk

RSBY vs. HFND — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RSBY

RSBY Risk / Return Rank: 43
RSBY Sharpe Ratio Rank: 46
RSBY Sortino Ratio Rank: 47
RSBY Omega Ratio Rank: 42
RSBY Calmar Ratio Rank: 46
RSBY Martin Ratio Rank: 36

HFND

HFND Risk / Return Rank: 65
HFND Sharpe Ratio Rank: 57
HFND Sortino Ratio Rank: 57
HFND Omega Ratio Rank: 56
HFND Calmar Ratio Rank: 78
HFND Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RSBY vs. HFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked Bonds & Futures Yield ETF (RSBY) and Unlimited HFND Multi-Strategy Return Tracker ETF (HFND). 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.

	RSBY	HFND	Difference
Sharpe ratio: Return per unit of total volatility	1.15	1.36	-0.21
Sortino ratio: Return per unit of downside risk	1.70	1.96	-0.27
Omega ratio: Gain probability vs. loss probability	1.20	1.25	-0.05
Calmar ratio: Return relative to maximum drawdown	1.64	2.76	-1.12
Martin ratio: Return relative to average drawdown	3.71	9.47	-5.76

RSBY vs. HFND - Sharpe Ratio Comparison

The current RSBY Sharpe Ratio is 1.15, which is comparable to the HFND Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of RSBY and HFND, 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

RSBY vs. HFND - Drawdown Comparison

The maximum RSBY drawdown since its inception was -23.32%, which is greater than HFND's maximum drawdown of -13.31%. Use the drawdown chart below to compare losses from any high point for RSBY and HFND.

Drawdown Indicators

	RSBY	HFND	Difference
Max Drawdown Largest peak-to-trough decline	-23.32%	-13.31%	-10.01%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-4.94%	-3.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.31%	—
Current Drawdown Current decline from peak	-8.64%	-2.02%	-6.62%
Average Drawdown Average peak-to-trough decline	-13.14%	-2.06%	-11.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	1.44%	+2.07%

Volatility

RSBY vs. HFND - Volatility Comparison

Return Stacked Bonds & Futures Yield ETF (RSBY) has a higher volatility of 2.93% compared to Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) at 2.51%. This indicates that RSBY's price experiences larger fluctuations and is considered to be riskier than HFND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSBY	HFND	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	2.51%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	8.45%	7.86%	+0.59%
Volatility (1Y) Calculated over the trailing 1-year period	11.36%	10.04%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.25%	9.49%	+3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.25%	9.49%	+3.76%

RSBY vs. HFND - Expense Ratio Comparison

RSBY has a 0.98% expense ratio, which is lower than HFND's 1.22% expense ratio.

Dividends

RSBY vs. HFND - Dividend Comparison

RSBY's dividend yield for the trailing twelve months is around 1.79%, less than HFND's 4.73% yield.

Position	TTM	2025	2024	2023	2022
HFND Unlimited HFND Multi-Strategy Return Tracker ETF	4.73%	5.08%	3.70%	1.41%	0.43%
RSBY Return Stacked Bonds & Futures Yield ETF	1.79%	2.07%	2.29%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSBY and HFND in my portfolio?

RSBY and HFND have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSBY or HFND?

RSBY has higher volatility (2.93%) compared to HFND (2.51%). In terms of maximum drawdown, RSBY dropped -23.32% vs HFND's -13.31%.

Which ETF is better, RSBY or HFND?

On 1-year performance, HFND leads with 14.50% vs 12.59% for RSBY. On fees, RSBY is cheaper at 0.98% per year. On volatility, HFND has been the lower-risk option at 2.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSBY or HFND?

Over the 1-year period, HFND has performed better with a 14.50% return vs 12.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSBY or HFND?

RSBY is cheaper with a 0.98% expense ratio, compared with 1.22% for HFND.

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

HFND has the higher dividend yield at 4.73%, compared with 1.79% for RSBY.

What is the main difference between RSBY and HFND?

They also come from different issuers: Return Stacked and Tidal. Their fees differ too: 0.98% for RSBY and 1.22% for HFND.

Which has better risk-adjusted returns?

HFND currently has the higher Sharpe Ratio (1.36 vs 1.15), 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.