RSSB vs. RSBA

Last updated Aug 2, 2026

RSSB (Return Stacked Global Stocks & Bonds ETF) and RSBA (Return Stacked Bonds & Merger Arbitrage ETF) are both exchange-traded funds - RSSB is a Global Allocation fund actively managed by Return Stacked, while RSBA is a Leveraged Bonds fund actively managed by Return Stacked. Both are actively managed. Over the past year, RSSB returned 19.46% vs 1.14% for RSBA. Their 0.52 correlation means they have sometimes moved together and sometimes differently. RSSB charges 0.39%/yr vs 0.96%/yr for RSBA.

Performance

RSSB vs. RSBA - Performance Comparison

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

Returns By Period

In the year-to-date period, RSSB achieves a 7.52% return, which is significantly higher than RSBA's -0.94% return.

RSSB

• 1D: 0.02%
• 1M: -1.13%
• 6M: 4.80%
• YTD: 7.52%
• 1Y: 19.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.99%

RSBA

• 1D: -0.53%
• 1M: -1.93%
• 6M: -1.22%
• YTD: -0.94%
• 1Y: 1.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.04%

*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)
RSBA Return Stacked Bonds & Merger Arbitrage ETF	$248.34K	$334.74K	$422.31K
RSSB Return Stacked Global Stocks & Bonds ETF	$1.36M	$1.99M	$1.95M

RSSB vs. RSBA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RSSB Return Stacked Global Stocks & Bonds ETF	7.52%	25.16%	-3.74%
RSBA Return Stacked Bonds & Merger Arbitrage ETF	-0.94%	7.73%	-0.11%

Correlation

The correlation between RSSB and RSBA is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.52

The correlation between RSSB and RSBA shifts across timeframes, from 0.52 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RSSB vs. RSBA — Risk / Return Rank

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

RSSB

RSSB Risk / Return Rank: 49
RSSB Sharpe Ratio Rank: 49
RSSB Sortino Ratio Rank: 48
RSSB Omega Ratio Rank: 47
RSSB Calmar Ratio Rank: 47
RSSB Martin Ratio Rank: 55

RSBA

RSBA Risk / Return Rank: 22
RSBA Sharpe Ratio Rank: 21
RSBA Sortino Ratio Rank: 20
RSBA Omega Ratio Rank: 19
RSBA Calmar Ratio Rank: 24
RSBA Martin Ratio Rank: 25

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.

RSSB vs. RSBA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked Global Stocks & Bonds ETF (RSSB) 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.

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.

	RSSB	RSBA	Difference
Sharpe ratio: Return per unit of total volatility	1.20	0.45	+0.76
Sortino ratio: Return per unit of downside risk	1.72	0.67	+1.05
Omega ratio: Gain probability vs. loss probability	1.22	1.08	+0.14
Calmar ratio: Return relative to maximum drawdown	1.70	0.75	+0.95
Martin ratio: Return relative to average drawdown	6.54	1.89	+4.64

RSSB vs. RSBA - Sharpe Ratio Comparison

The current RSSB Sharpe Ratio is 1.20, which is higher than the RSBA Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of RSSB and RSBA, 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

RSSB vs. RSBA - Drawdown Comparison

The maximum RSSB drawdown since its inception was -16.21%, which is greater than RSBA's maximum drawdown of -2.83%. Use the drawdown chart below to compare losses from any high point for RSSB and RSBA.

Drawdown Indicators

	RSSB	RSBA	Difference
Max Drawdown Largest peak-to-trough decline	-16.21%	-2.83%	-13.38%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-2.74%	-8.89%
Current Drawdown Current decline from peak	-3.06%	-2.25%	-0.81%
Average Drawdown Average peak-to-trough decline	-2.27%	-0.83%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	1.08%	+1.93%

Volatility

RSSB vs. RSBA - Volatility Comparison

Return Stacked Global Stocks & Bonds ETF (RSSB) has a higher volatility of 4.43% compared to Return Stacked Bonds & Merger Arbitrage ETF (RSBA) at 1.36%. This indicates that RSSB'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

	RSSB	RSBA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	1.36%	+3.07%
Volatility (6M) Calculated over the trailing 6-month period	13.38%	3.60%	+9.78%
Volatility (1Y) Calculated over the trailing 1-year period	16.39%	4.57%	+11.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	5.05%	+11.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	5.05%	+11.68%

RSSB vs. RSBA - Expense Ratio Comparison

RSSB has a 0.39% expense ratio, which is lower than RSBA's 0.96% expense ratio.

Dividends

RSSB vs. RSBA - Dividend Comparison

RSSB's dividend yield for the trailing twelve months is around 3.24%, less than RSBA's 3.40% yield.

Position	TTM	2025	2024	2023
RSBA Return Stacked Bonds & Merger Arbitrage ETF	3.40%	3.37%	0.01%	0.00%
RSSB Return Stacked Global Stocks & Bonds ETF	3.24%	3.48%	1.10%	0.61%

Frequently Asked Questions

Can I hold both RSSB and RSBA in my portfolio?

RSSB and RSBA have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSSB or RSBA?

RSSB has higher volatility (4.43%) compared to RSBA (1.36%). In terms of maximum drawdown, RSSB dropped -16.21% vs RSBA's -2.83%.

Which ETF is better, RSSB or RSBA?

On 1-year performance, RSSB leads with 19.46% vs 1.14% for RSBA. On fees, RSSB is cheaper at 0.39% per year. On volatility, RSBA has been the lower-risk option at 1.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSSB or RSBA?

Over the 1-year period, RSSB has performed better with a 19.46% return vs 1.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSSB or RSBA?

RSSB is cheaper with a 0.39% expense ratio, compared with 0.96% for RSBA.

Which ETF pays a higher dividend yield, RSSB or RSBA?

RSBA has the higher dividend yield at 3.40%, compared with 3.24% for RSSB.

What is the main difference between RSSB and RSBA?

RSSB is categorized as Global Allocation, while RSBA is Leveraged Bonds. Their fees differ too: 0.39% for RSSB and 0.96% for RSBA.

Which has better risk-adjusted returns?

RSSB currently has the higher Sharpe Ratio (1.20 vs 0.45), 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.