RSBY vs. UPRO

Last updated Apr 1, 2026

Compare and contrast key facts about Return Stacked Bonds & Futures Yield ETF (RSBY) and ProShares UltraPro S&P 500 (UPRO).

RSBY and UPRO 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. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009.

Performance

RSBY vs. UPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Return Stacked Bonds & Futures Yield ETF (RSBY) and ProShares UltraPro S&P 500 (UPRO). The values are adjusted to include any dividend payments, if applicable.

RSBY vs. UPRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RSBY Return Stacked Bonds & Futures Yield ETF	20.80%	-12.98%	-7.90%
UPRO ProShares UltraPro S&P 500	-16.03%	31.88%	9.53%

Returns By Period

In the year-to-date period, RSBY achieves a 20.80% return, which is significantly higher than UPRO's -16.03% return.

RSBY

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

UPRO

• 1D: 8.61%
• 1M: -15.71%
• YTD: -16.03%
• 6M: -12.57%
• 1Y: 32.51%
• 3Y*: 37.29%
• 5Y*: 16.63%
• 10Y*: 25.25%

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

RSBY vs. UPRO - Expense Ratio Comparison

RSBY has a 0.98% expense ratio, which is higher than UPRO's 0.92% expense ratio.

RSBY

Return Stacked Bonds & Futures Yield ETF

UPRO

ProShares UltraPro S&P 500

Return for Risk

RSBY vs. UPRO — 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

UPRO

UPRO Risk / Return Rank: 45
UPRO Sharpe Ratio Rank: 35
UPRO Sortino Ratio Rank: 46
UPRO Omega Ratio Rank: 49
UPRO Calmar Ratio Rank: 45
UPRO Martin Ratio Rank: 47

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. UPRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked Bonds & Futures Yield ETF (RSBY) and ProShares UltraPro S&P 500 (UPRO). 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	UPRO	Difference
Sharpe ratio Return per unit of total volatility	0.87	0.60	+0.26
Sortino ratio Return per unit of downside risk	1.26	1.18	+0.08
Omega ratio Gain probability vs. loss probability	1.15	1.18	-0.02
Calmar ratio Return relative to maximum drawdown	1.23	1.04	+0.18
Martin ratio Return relative to average drawdown	2.16	4.18	-2.01
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. UPRO - Sharpe Ratio Comparison

The current RSBY Sharpe Ratio is 0.87, which is higher than the UPRO Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of RSBY and UPRO, 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	UPRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.60	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.33	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	0.59	-0.74

Correlation

The correlation between RSBY and UPRO is -0.21. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

RSBY vs. UPRO - Dividend Comparison

RSBY's dividend yield for the trailing twelve months is around 1.71%, more than UPRO's 1.04% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSBY Return Stacked Bonds & Futures Yield ETF	1.71%	2.07%	2.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UPRO ProShares UltraPro S&P 500	1.04%	0.84%	0.93%	0.74%	0.52%	0.06%	0.11%	0.41%	0.63%	0.00%	0.12%	0.34%

Drawdowns

RSBY vs. UPRO - Drawdown Comparison

The maximum RSBY drawdown since its inception was -23.32%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for RSBY and UPRO.

Drawdown Indicators

	RSBY	UPRO	Difference
Max Drawdown Largest peak-to-trough decline	-23.32%	-76.82%	+53.50%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-33.38%	+22.36%
Max Drawdown (5Y) Largest decline over 5 years	—	-63.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-76.82%	—
Current Drawdown Current decline from peak	-4.66%	-20.48%	+15.82%
Average Drawdown Average peak-to-trough decline	-14.72%	-14.53%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.24%	8.33%	-2.09%

Volatility

RSBY vs. UPRO - Volatility Comparison

The current volatility for Return Stacked Bonds & Futures Yield ETF (RSBY) is 5.08%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 15.89%. This indicates that RSBY experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSBY	UPRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.08%	15.89%	-10.81%
Volatility (6M) Calculated over the trailing 6-month period	9.13%	28.41%	-19.28%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	54.34%	-41.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.94%	50.34%	-36.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.94%	53.70%	-39.76%