RSBY vs. LBO

Last updated Aug 2, 2026

RSBY (Return Stacked Bonds & Futures Yield ETF) and LBO (WHITEWOLF Publicly Listed Private Equity ETF) are both exchange-traded funds - RSBY is a Multistrategy fund actively managed by Return Stacked, while LBO is a Financials Equities fund actively managed by Alpha Architect. Both are actively managed. Over the past year, RSBY returned 12.59% vs -14.55% for LBO. Their -0.13 correlation means they have often moved in opposite directions in the past. RSBY charges 0.98%/yr vs 0.70%/yr for LBO.

Performance

RSBY vs. LBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Return Stacked Bonds & Futures Yield ETF (RSBY) and WHITEWOLF Publicly Listed Private Equity ETF (LBO). 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 LBO's -10.41% return.

RSBY

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

LBO

• 1D: 0.99%
• 1M: 3.40%
• 6M: -7.82%
• YTD: -10.41%
• 1Y: -14.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.37%

*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)
LBO WHITEWOLF Publicly Listed Private Equity ETF	$3.76K	$7.07K	$41.04K
RSBY Return Stacked Bonds & Futures Yield ETF	$290.19K	$414.45K	$303.00K

RSBY vs. LBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RSBY Return Stacked Bonds & Futures Yield ETF	15.76%	-12.98%	-7.79%
LBO WHITEWOLF Publicly Listed Private Equity ETF	-10.41%	-6.41%	17.64%

Correlation

The correlation between RSBY and LBO is -0.14, 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.	-0.14
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	-0.13

Return for Risk

RSBY vs. LBO — 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

LBO

LBO Risk / Return Rank: 4
LBO Sharpe Ratio Rank: 3
LBO Sortino Ratio Rank: 4
LBO Omega Ratio Rank: 4
LBO Calmar Ratio Rank: 5
LBO Martin Ratio Rank: 4

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. LBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked Bonds & Futures Yield ETF (RSBY) and WHITEWOLF Publicly Listed Private Equity ETF (LBO). 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	LBO	Difference
Sharpe ratio: Return per unit of total volatility	1.15	-0.72	+1.87
Sortino ratio: Return per unit of downside risk	1.70	-0.90	+2.59
Omega ratio: Gain probability vs. loss probability	1.20	0.89	+0.30
Calmar ratio: Return relative to maximum drawdown	1.64	-0.59	+2.23
Martin ratio: Return relative to average drawdown	3.71	-1.10	+4.82

RSBY vs. LBO - Sharpe Ratio Comparison

The current RSBY Sharpe Ratio is 1.15, which is higher than the LBO Sharpe Ratio of -0.72. The chart below compares the historical Sharpe Ratios of RSBY and LBO, 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. LBO - Drawdown Comparison

The maximum RSBY drawdown since its inception was -23.32%, smaller than the maximum LBO drawdown of -31.40%. Use the drawdown chart below to compare losses from any high point for RSBY and LBO.

Drawdown Indicators

	RSBY	LBO	Difference
Max Drawdown Largest peak-to-trough decline	-23.32%	-31.40%	+8.08%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-27.32%	+19.37%
Current Drawdown Current decline from peak	-8.64%	-21.24%	+12.60%
Average Drawdown Average peak-to-trough decline	-13.14%	-9.21%	-3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	14.51%	-11.00%

Volatility

RSBY vs. LBO - Volatility Comparison

The current volatility for Return Stacked Bonds & Futures Yield ETF (RSBY) is 2.93%, while WHITEWOLF Publicly Listed Private Equity ETF (LBO) has a volatility of 5.58%. This indicates that RSBY experiences smaller price fluctuations and is considered to be less risky than LBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSBY	LBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	5.58%	-2.65%
Volatility (6M) Calculated over the trailing 6-month period	8.45%	18.33%	-9.88%
Volatility (1Y) Calculated over the trailing 1-year period	11.36%	22.30%	-10.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.25%	21.15%	-7.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.25%	21.15%	-7.90%

RSBY vs. LBO - Expense Ratio Comparison

RSBY has a 0.98% expense ratio, which is higher than LBO's 0.70% expense ratio.

Dividends

RSBY vs. LBO - Dividend Comparison

RSBY's dividend yield for the trailing twelve months is around 1.79%, less than LBO's 6.64% yield.

Position	TTM	2025	2024	2023
LBO WHITEWOLF Publicly Listed Private Equity ETF	6.64%	7.04%	5.79%	1.20%
RSBY Return Stacked Bonds & Futures Yield ETF	1.79%	2.07%	2.29%	0.00%

Frequently Asked Questions

Can I hold both RSBY and LBO in my portfolio?

RSBY and LBO have a correlation of -0.14, 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 LBO?

LBO has higher volatility (5.58%) compared to RSBY (2.93%). In terms of maximum drawdown, RSBY dropped -23.32% vs LBO's -31.40%.

Which ETF is better, RSBY or LBO?

On 1-year performance, RSBY leads with 12.59% vs -14.55% for LBO. On fees, LBO is cheaper at 0.70% per year. On volatility, RSBY has been the lower-risk option at 2.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSBY or LBO?

Over the 1-year period, RSBY has performed better with a 12.59% return vs -14.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSBY or LBO?

LBO is cheaper with a 0.70% expense ratio, compared with 0.98% for RSBY.

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

LBO has the higher dividend yield at 6.64%, compared with 1.79% for RSBY.

What is the main difference between RSBY and LBO?

RSBY is categorized as Multistrategy, while LBO is Financials Equities. They also come from different issuers: Return Stacked and Alpha Architect. Their fees differ too: 0.98% for RSBY and 0.70% for LBO.

Which has better risk-adjusted returns?

RSBY currently has the higher Sharpe Ratio (1.15 vs -0.72), 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.