TSYW vs. RSBA

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill Treasury Bond WeeklyPay ETF (TSYW) and Return Stacked Bonds & Merger Arbitrage ETF (RSBA).

TSYW and RSBA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSYW is an actively managed fund by Roundhill. It was launched on Nov 12, 2025. RSBA is an actively managed fund by Return Stacked. It was launched on Dec 17, 2024.

Performance

TSYW vs. RSBA - Performance Comparison

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

TSYW vs. RSBA - Yearly Performance Comparison

	2026 (YTD)	2025
TSYW Roundhill Treasury Bond WeeklyPay ETF	-0.81%	-2.56%
RSBA Return Stacked Bonds & Merger Arbitrage ETF	-0.50%	0.14%

Returns By Period

In the year-to-date period, TSYW achieves a -0.81% return, which is significantly lower than RSBA's -0.50% return.

TSYW

• 1D: 0.04%
• 1M: -5.24%
• YTD: -0.81%
• 6M: —
• 1Y: —
• 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)

TSYW vs. RSBA - Expense Ratio Comparison

TSYW has a 0.99% expense ratio, which is higher than RSBA's 0.96% expense ratio.

TSYW

Roundhill Treasury Bond WeeklyPay ETF

RSBA

Return Stacked Bonds & Merger Arbitrage ETF

Return for Risk

TSYW vs. RSBA — Risk / Return Rank

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

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.

TSYW vs. RSBA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Treasury Bond WeeklyPay ETF (TSYW) 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.

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

Sharpe Ratios by Period

	TSYW	RSBA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.80	1.08	-1.88

Correlation

The correlation between TSYW and RSBA is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TSYW vs. RSBA - Dividend Comparison

TSYW's dividend yield for the trailing twelve months is around 4.88%, more than RSBA's 3.39% yield.

	TTM	2025	2024
TSYW Roundhill Treasury Bond WeeklyPay ETF	4.88%	1.63%	0.00%
RSBA Return Stacked Bonds & Merger Arbitrage ETF	3.39%	3.37%	0.01%

Drawdowns

TSYW vs. RSBA - Drawdown Comparison

The maximum TSYW drawdown since its inception was -6.69%, which is greater than RSBA's maximum drawdown of -2.83%. Use the drawdown chart below to compare losses from any high point for TSYW and RSBA.

Drawdown Indicators

	TSYW	RSBA	Difference
Max Drawdown Largest peak-to-trough decline	-6.69%	-2.83%	-3.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.83%	—
Current Drawdown Current decline from peak	-5.24%	-1.81%	-3.43%
Average Drawdown Average peak-to-trough decline	-2.94%	-0.70%	-2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.03%	—

Volatility

Volatility by Period

	TSYW	RSBA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.16%	5.25%	+5.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.16%	5.18%	+5.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.16%	5.18%	+5.98%