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Launched · SEC filings

Return Stacked Bonds & Managed Futures ETF

RSBTCboeReturn StackedD

$19.00−0.25 (−1.30%)

As of Nov 2, 2026, 3:59 PM ET

D36/ 100

Rank 14 of 19 in Capital-Efficient Allocation

D36/100Rank 14 of 19inCapital-Efficient Allocation
Intraday session: down, 79 prints from 19.25 to 19.00. Range 18.97 to 19.08. Use the arrow keys to read each point.19.0519.1019.1519.2010 AM12 PM2 PM4 PM
Expense ratio
1.01%
Fund size
$163M
1Y total return
+8.7%
Yield · Last 12 months
2.98%
Holdings
15
Avg volume · 30D
49.9K sh
52W range
low $17.59high $20.67
Launched
Filings
SEC EDGAR

The ETF.net RSBT Grade

Based on 5 of 6 pillars

D

Score 36 out of 100

Category
Capital-Efficient Allocation⁠
Rank
14 of 19
Six-pillar profile for RSBT. Scores out of 100: Cost 17, Risk 48, Mission not scored, Tradability 67, Holdings 16, Durability 62. Strongest: Tradability (67). Weakest: Holdings (16). Based on 5 of 6 pillars.

Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F17 out of 100
    Rank 15 of 19

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C48 out of 100
    Rank 10 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B67 out of 100
    Rank 4 of 19

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F16 out of 100
    Rank 13 of 13

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B62 out of 100
    Rank 8 of 19

Our read on RSBT

ETF.net Research

In short

DMost portfolios make you choose: bonds, or a trend-following diversifier. RSBT stacks both on the same dollar, using leverage to run a bond strategy with a managed futures strategy inside one ticker.

Stated mandate

The Fund seeks long-term capital appreciation. It is an actively managed ETF combining a bond strategy with a Managed Futures strategy, using leverage to stack their returns.

Why people hold it

  • One ticker doing two jobs: an actively managed bond strategy with a managed futures strategy stacked on top through leverage, so the diversifier doesn't displace the bond sleeve.
  • Managed futures normally arrives as a separate line item you fund by selling something else. The stack builds that trade into the fund instead.
  • Runs as a standard 1940 Act ETF, so the futures exposure comes without a limited partnership structure wrapped around it.
  • Launched in 2023 as part of the small group of funds built explicitly around return stacking rather than plain asset-allocation slices.

Worth knowing

  • At 1.01%, it runs well above straight allocation peers (AOA at 0.19%, NTSX at 0.20%). Leverage plus active trend management carries a higher price tag.
  • Stacking works both directions: leverage means the bond side and the trend side can move against you at the same time.
  • A smaller, thinly traded fund, so spreads matter more here than in the category's giants, and distributions land once or twice a year rather than monthly.

RSBT Holdings

Holdings pillarF16 out of 100Rank 13 of 13 in Capital-Efficient Allocation
Asset class
Bonds
Holdings
15
Top-10 weight
230%
Largest holding
US 2YR NOTE (CBT) Dec2682.0%

Geography

  • United States90.71%
  • Canada0.93%
  • United Kingdom0.81%
  • Saudi Arabia0.51%
  • Mexico0.47%
  • Japan0.47%
  • Germany0.42%
  • France0.38%
  • Other countries (49)5.30%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUS 2YR NOTE (CBT) Dec2682.01%-750−$153M17
2No dataEURO FX CURR FUT Dec2658.51%-782−$109M7
3No dataUS 5YR NOTE (CBT) Dec2627.14%-485−$50.7M25
4No dataEURO-BUND FUTURE Dec2624.37%-334−$45.5M8
5No dataUS 10YR NOTE (CBT)Dec2615.57%-274−$29.1M21
6No dataLONG GILT FUTURE Dec266.00%-98−$11.2M10
7No dataBP CURRENCY FUT Dec265.99%-134−$11.2M3
8No dataC$ CURRENCY FUT Dec265.33%-139−$9.96M6
9No dataGOLD 100 OZ FUTR Dec262.37%-11−$4.43M10
10No dataJPN YEN CURR FUT Dec262.25%-53−$4.21M7
11No dataNATURAL GAS FUTR Dec260.63%-40−$1.18M8
12No dataSILVER FUTURE Dec260.56%-4−$1.05M6
13No dataWHEAT FUTURE(CBT) Mar270.33%-20−$617K4
14No dataCORN FUTURE Mar270.32%-26−$604K4
15No dataUS LONG BOND(CBT) Dec260.17%-3−$322K16

Showing 1–15 of 15 holdings

RSBT Performance

Launched Feb 7, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
RSBT$10,873
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. RSBT $10,873. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for RSBT. Periods over one year show the average yearly return.
PeriodRSBT
Year to date+7.4%
1 month−1.2%
3 months+2.9%
1 year+8.7%
3 yearsper year+5.0%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for RSBT
YearReturn barRSBT
2026 YTD+7.4%
2025+10.4%

RSBT in the news

RSBT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
2.98%Last 12 months
Payout per share
$0.57Last 12 months
Last payment
$0.57 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2023–2026

One bar per payment. 2 payments from 2023 to 2026 YTD. Dec 27, 2023 $0.41; Dec 29, 2025 $0.57. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 29, 2025Dec 30, 2025$0.57
Dec 27, 2023Dec 29, 2023$0.41

$10,000 in RSBT 3 years ago paid $570 in dividends.

RSBT Risk

Risk pillarC48 out of 100Rank 10 of 18 in Capital-Efficient Allocation
How much the fund’s monthly returns vary, scaled to a year.
11.0%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.09
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−23.6%
44 months · trough May 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.39
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

RSBT Cost

Compare RSBT and CTAP

Overpaying vs CTAP, cheapest in Capital-Efficient Allocation

$16,124

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • RSBT 1.01%

    $18,850

  • CTAP 0.13% Cheapest

    $2,726

$10,000
30 years

Cost over time

  • RSBT 1.01%
  • CTAP 0.13%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530RSBT $18,850CTAP $2,726

Year by year

YearRSBTCTAPOverpaying
10$1,780$238$1,542
20$6,686$930$5,756
30$18,850$2,726$16,124

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