RSEE vs. BFLX

Last updated Jul 14, 2026

RSEE (Rareview Systematic Equity ETF) and BFLX (iShares Flexible Equity Active ETF) are both Long-Short funds. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. RSEE charges 1.27%/yr vs 0.40%/yr for BFLX.

Performance

RSEE vs. BFLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rareview Systematic Equity ETF (RSEE) and iShares Flexible Equity Active ETF (BFLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RSEE

• 1D: -1.81%
• 1M: -0.74%
• 6M: 8.74%
• YTD: 13.07%
• 1Y: 27.09%
• 3Y*: 15.83%
• 5Y*: —
• 10Y*: —

BFLX

• 1D: -1.12%
• 1M: -0.58%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSEE vs. BFLX - Yearly Performance Comparison

	2026 (YTD)
RSEE Rareview Systematic Equity ETF	2.76%
BFLX iShares Flexible Equity Active ETF	0.28%

Correlation

The correlation between RSEE and BFLX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 20, 2026	0.86

RSEE vs. BFLX - Sectors Allocation Comparison

Sectors	RSEE	BFLX
Technology	32.5%	30.3%
Financial Services	13.1%	15.4%
Industrials	11.1%	12.3%
Consumer Cyclical	9.9%	11.3%
Communication Services	8.7%	7.4%
Healthcare	7.3%	7.4%
Consumer Defensive	5.1%	4.6%
Basic Materials	4.0%	3.4%
Energy	3.6%	2.9%
Utilities	2.5%	3.2%
Real Estate	2.3%	1.8%

Return for Risk

RSEE vs. BFLX — Risk / Return Rank

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

RSEE

RSEE Risk / Return Rank: 53
RSEE Sharpe Ratio Rank: 53
RSEE Sortino Ratio Rank: 50
RSEE Omega Ratio Rank: 49
RSEE Calmar Ratio Rank: 53
RSEE Martin Ratio Rank: 60

BFLX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

RSEE vs. BFLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rareview Systematic Equity ETF (RSEE) and iShares Flexible Equity Active ETF (BFLX). 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.

	RSEE	BFLX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	—	—
Sortino ratio: Return per unit of downside risk	1.99	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	2.11	—	—
Martin ratio: Return relative to average drawdown	8.35	—	—

Drawdowns

RSEE vs. BFLX - Drawdown Comparison

The maximum RSEE drawdown since its inception was -21.60%, which is greater than BFLX's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for RSEE and BFLX.

Drawdown Indicators

	RSEE	BFLX	Difference
Max Drawdown Largest peak-to-trough decline	-21.60%	-3.85%	-17.75%
Max Drawdown (1Y) Largest decline over 1 year	-12.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.60%	—	—
Current Drawdown Current decline from peak	-3.41%	-2.47%	-0.94%
Average Drawdown Average peak-to-trough decline	-3.76%	-1.32%	-2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	—	—

Volatility

Volatility by Period

	RSEE	BFLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.03%	14.58%	+4.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.21%	14.58%	+4.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.21%	14.58%	+4.63%

RSEE vs. BFLX - Expense Ratio Comparison

RSEE has a 1.27% expense ratio, which is higher than BFLX's 0.40% expense ratio.

Dividends

RSEE vs. BFLX - Dividend Comparison

Neither RSEE nor BFLX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BFLX iShares Flexible Equity Active ETF	0.00%	0.00%	0.00%	0.00%	0.00%
RSEE Rareview Systematic Equity ETF	0.00%	0.24%	9.02%	0.84%	1.97%

Frequently Asked Questions

Can I hold both RSEE and BFLX in my portfolio?

RSEE and BFLX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RSEE or BFLX?

On fees, BFLX is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RSEE or BFLX?

BFLX is cheaper with a 0.40% expense ratio, compared with 1.27% for RSEE.

Which ETF pays a higher dividend yield, RSEE or BFLX?

RSEE and BFLX have nearly identical dividend yields, around 0.00%.

What is the main difference between RSEE and BFLX?

They also come from different issuers: Rareview Funds and iShares. Their fees differ too: 1.27% for RSEE and 0.40% for BFLX.