RSSX vs. SPY

Last updated Jun 23, 2026

RSSX (Return Stacked U.S. Stocks & Gold/Bitcoin ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - RSSX is a Diversified Portfolio fund actively managed by Return Stacked, while SPY is a S&P 500 fund tracking the S&P 500 Index. RSSX is actively managed, while SPY is passively managed. Over the past year, RSSX returned 22.22% vs 26.65% for SPY. A 0.70 correlation means they provide meaningful diversification when combined. RSSX charges 0.68%/yr vs 0.09%/yr for SPY.

Performance

RSSX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Return Stacked U.S. Stocks & Gold/Bitcoin ETF (RSSX) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSSX achieves a -4.44% return, which is significantly lower than SPY's 9.74% return.

RSSX

• 1D: -0.09%
• 1M: -9.93%
• YTD: -4.44%
• 6M: -7.19%
• 1Y: 22.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPY

• 1D: -0.31%
• 1M: 0.09%
• YTD: 9.74%
• 6M: 9.27%
• 1Y: 26.65%
• 3Y*: 21.27%
• 5Y*: 13.51%
• 10Y*: 15.70%

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

RSSX vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025
RSSX Return Stacked U.S. Stocks & Gold/Bitcoin ETF	-4.44%	30.55%
SPY State Street SPDR S&P 500 ETF	9.74%	16.58%

Correlation

The correlation between RSSX and SPY is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (All Time) Calculated using the full available price history since May 30, 2025	0.70

The correlation between RSSX and SPY has been stable across timeframes, ranging from 0.70 to 0.70 - a consistent structural relationship.

Return for Risk

RSSX vs. SPY — Risk / Return Rank

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

RSSX

RSSX Risk / Return Rank: 19
RSSX Sharpe Ratio Rank: 20
RSSX Sortino Ratio Rank: 19
RSSX Omega Ratio Rank: 20
RSSX Calmar Ratio Rank: 19
RSSX Martin Ratio Rank: 19

SPY

SPY Risk / Return Rank: 68
SPY Sharpe Ratio Rank: 69
SPY Sortino Ratio Rank: 66
SPY Omega Ratio Rank: 68
SPY Calmar Ratio Rank: 63
SPY Martin Ratio Rank: 74

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.

RSSX vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked U.S. Stocks & Gold/Bitcoin ETF (RSSX) and State Street SPDR S&P 500 ETF (SPY). 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.

	RSSX	SPY	Difference
Sharpe ratio: Return per unit of total volatility	0.66	2.16	-1.49
Sortino ratio: Return per unit of downside risk	1.07	2.91	-1.84
Omega ratio: Gain probability vs. loss probability	1.14	1.39	-0.25
Calmar ratio: Return relative to maximum drawdown	0.82	3.01	-2.20
Martin ratio: Return relative to average drawdown	2.13	13.54	-11.40

RSSX vs. SPY - Sharpe Ratio Comparison

The current RSSX Sharpe Ratio is 0.66, which is lower than the SPY Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of RSSX and SPY, 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

RSSX vs. SPY - Drawdown Comparison

The maximum RSSX drawdown since its inception was -27.37%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RSSX and SPY.

Drawdown Indicators

	RSSX	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-27.37%	-55.19%	+27.82%
Max Drawdown (1Y) Largest decline over 1 year	-27.37%	-8.88%	-18.49%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-20.18%	-1.75%	-18.43%
Average Drawdown Average peak-to-trough decline	-7.29%	-9.04%	+1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.44%	1.97%	+8.47%

Volatility

RSSX vs. SPY - Volatility Comparison

Return Stacked U.S. Stocks & Gold/Bitcoin ETF (RSSX) has a higher volatility of 12.06% compared to State Street SPDR S&P 500 ETF (SPY) at 4.64%. This indicates that RSSX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSSX	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.06%	4.64%	+7.42%
Volatility (6M) Calculated over the trailing 6-month period	28.95%	9.75%	+19.20%
Volatility (1Y) Calculated over the trailing 1-year period	33.66%	12.43%	+21.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.93%	17.14%	+15.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.93%	17.99%	+14.94%

RSSX vs. SPY - Expense Ratio Comparison

RSSX has a 0.68% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

RSSX vs. SPY - Dividend Comparison

RSSX's dividend yield for the trailing twelve months is around 1.62%, more than SPY's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSSX Return Stacked U.S. Stocks & Gold/Bitcoin ETF	1.62%	1.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	1.01%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both RSSX and SPY in my portfolio?

RSSX and SPY have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSSX or SPY?

RSSX has higher volatility (12.06%) compared to SPY (4.64%). In terms of maximum drawdown, RSSX dropped -27.37% vs SPY's -55.19%.

Which ETF is better, RSSX or SPY?

On 1-year performance, SPY leads with 26.65% vs 22.22% for RSSX. On fees, SPY is cheaper at 0.09% per year. On volatility, SPY has been the lower-risk option at 4.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSSX or SPY?

Over the 1-year period, SPY has performed better with a 26.65% return vs 22.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSSX or SPY?

SPY is cheaper with a 0.09% expense ratio, compared with 0.68% for RSSX.

Which ETF pays a higher dividend yield, RSSX or SPY?

RSSX has the higher dividend yield at 1.62%, compared with 1.01% for SPY.

What is the main difference between RSSX and SPY?

RSSX is categorized as Diversified Portfolio, while SPY is S&P 500. They also come from different issuers: Return Stacked and State Street. Their fees differ too: 0.68% for RSSX and 0.09% for SPY.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (2.16 vs 0.66), 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.