RSBY vs. RSBA

Last updated Apr 1, 2026

Compare and contrast key facts about Return Stacked Bonds & Futures Yield ETF (RSBY) and Return Stacked Bonds & Merger Arbitrage ETF (RSBA).

RSBY and RSBA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSBY is an actively managed fund by Return Stacked. It was launched on Aug 20, 2024. RSBA is an actively managed fund by Return Stacked. It was launched on Dec 17, 2024.

Performance

RSBY vs. RSBA - Performance Comparison

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

RSBY vs. RSBA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RSBY Return Stacked Bonds & Futures Yield ETF	20.80%	-12.98%	-0.41%
RSBA Return Stacked Bonds & Merger Arbitrage ETF	-0.50%	7.73%	-0.04%

Returns By Period

In the year-to-date period, RSBY achieves a 20.80% return, which is significantly higher than RSBA's -0.50% return.

RSBY

• 1D: -1.39%
• 1M: 10.18%
• YTD: 20.80%
• 6M: 16.01%
• 1Y: 11.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSBA

• 1D: 0.26%
• 1M: -1.77%
• YTD: -0.50%
• 6M: 0.52%
• 1Y: 4.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSBY vs. RSBA - Expense Ratio Comparison

RSBY has a 0.98% expense ratio, which is higher than RSBA's 0.96% expense ratio.

RSBY

Return Stacked Bonds & Futures Yield ETF

RSBA

Return Stacked Bonds & Merger Arbitrage ETF

Return for Risk

RSBY vs. RSBA — Risk / Return Rank

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

RSBY

RSBY Risk / Return Rank: 40
RSBY Sharpe Ratio Rank: 46
RSBY Sortino Ratio Rank: 45
RSBY Omega Ratio Rank: 37
RSBY Calmar Ratio Rank: 46
RSBY Martin Ratio Rank: 26

RSBA

RSBA Risk / Return Rank: 43
RSBA Sharpe Ratio Rank: 42
RSBA Sortino Ratio Rank: 40
RSBA Omega Ratio Rank: 34
RSBA Calmar Ratio Rank: 58
RSBA Martin Ratio Rank: 43

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. RSBA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked Bonds & Futures Yield ETF (RSBY) and Return Stacked Bonds & Merger Arbitrage ETF (RSBA). 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	RSBA	Difference
Sharpe ratio Return per unit of total volatility	0.87	0.77	+0.10
Sortino ratio Return per unit of downside risk	1.26	1.11	+0.14
Omega ratio Gain probability vs. loss probability	1.15	1.14	+0.02
Calmar ratio Return relative to maximum drawdown	1.23	1.47	-0.24
Martin ratio Return relative to average drawdown	2.16	4.02	-1.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSBY vs. RSBA - Sharpe Ratio Comparison

The current RSBY Sharpe Ratio is 0.87, which is comparable to the RSBA Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of RSBY and RSBA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RSBY	RSBA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.77	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	1.08	-1.23

Correlation

The correlation between RSBY and RSBA is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RSBY vs. RSBA - Dividend Comparison

RSBY's dividend yield for the trailing twelve months is around 1.71%, less than RSBA's 3.39% yield.

	TTM	2025	2024
RSBY Return Stacked Bonds & Futures Yield ETF	1.71%	2.07%	2.29%
RSBA Return Stacked Bonds & Merger Arbitrage ETF	3.39%	3.37%	0.01%

Drawdowns

RSBY vs. RSBA - Drawdown Comparison

The maximum RSBY drawdown since its inception was -23.32%, which is greater than RSBA's maximum drawdown of -2.83%. Use the drawdown chart below to compare losses from any high point for RSBY and RSBA.

Drawdown Indicators

	RSBY	RSBA	Difference
Max Drawdown Largest peak-to-trough decline	-23.32%	-2.83%	-20.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-2.83%	-8.19%
Current Drawdown Current decline from peak	-4.66%	-1.81%	-2.85%
Average Drawdown Average peak-to-trough decline	-14.72%	-0.70%	-14.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.24%	1.03%	+5.21%

Volatility

RSBY vs. RSBA - Volatility Comparison

Return Stacked Bonds & Futures Yield ETF (RSBY) has a higher volatility of 5.08% compared to Return Stacked Bonds & Merger Arbitrage ETF (RSBA) at 2.18%. This indicates that RSBY's price experiences larger fluctuations and is considered to be riskier than RSBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSBY	RSBA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.08%	2.18%	+2.90%
Volatility (6M) Calculated over the trailing 6-month period	9.13%	3.17%	+5.96%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	5.25%	+8.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.94%	5.18%	+8.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.94%	5.18%	+8.76%