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RSBT

GradeDChicago Board Options Exchange

Return Stacked Bonds & Managed Futures ETF

Multi-Asset & Alternatives · Return Stacked · Inception 2023-02-07

$19.64+0.19 (+0.98%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Feb 8, 2023.
Intraday session: up, 56 prints from 19.45 to 19.64. Range 19.48 to 19.66. Use the arrow keys to read each point.$19.50$19.55$19.6010 AM12 PM2 PM4 PM
Expense ratio
1.01%
Fund size
$159M
1Y return
+16.1%
Yield · Last 12 months
2.95%
Holdings
10
Volume · 30D
0M sh
NAV per share
$19.45
52W range
low $17.00high $20.67

The ETF.net RSBT Grade

D

37/ 100

Rank 14 of 19 in Capital-Efficient Allocation⁠

Confidence Medium

Six-pillar profile for RSBT. Scores out of 100: Cost 17, Risk 48, Mission not scored, Tradability 69, Holdings 22, Durability 63. Strongest: Tradability (69). Weakest: Cost (17). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 37 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 17
    Category rank16/19 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 48
    Category rank11/18 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 69
    Category rank7/19 · top 37%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 22
    Category rank12/13 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 63
    Category rank8/19 · top 42%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on RSBT

ETF.net Research

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

  1. 01One 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.
  2. 02Managed futures normally arrives as a separate line item you fund by selling something else. The stack builds that trade into the fund instead.
  3. 03Runs as a standard 1940 Act ETF, so the futures exposure comes without a limited partnership structure wrapped around it.
  4. 04Launched in 2023 as part of the small group of funds built explicitly around return stacking rather than plain asset-allocation slices.

Worth knowing

  1. 01At 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.
  2. 02Stacking works both directions: leverage means the bond side and the trend side can move against you at the same time.
  3. 03A 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

As of Sep 20, 2026, 9:23 AM
Asset class
Bonds
Holdings
10
Top-10 weight
272%
Largest holding
US 2YR NOTE (CBT) Dec2682.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US 2YR NOTE (CBT) Dec2682.02%-730$-149M19
002—EURO-BUND FUTURE Dec2661.30%-802$-111M9
003—US 5YR NOTE (CBT) Dec2657.36%-997$-104M22
004—US 10YR NOTE (CBT)Dec2635.68%-610$-65M21
005—EURO FX CURR FUT Dec2617.37%-219$-32M8
006—LONG GILT FUTURE Dec267.13%-113$-13M9
007—US LONG BOND(CBT) Dec266.22%-105$-11M16
008—C$ CURRENCY FUT Dec264.03%-102$-7M6
009—NATURAL GAS FUTR Oct260.88%-55$-2M3
010—COFFEE 'C' FUTURE Mar270.22%-4$-403K5

Showing 1–10 of 10 holdings

RSBT Performance

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

RSBT$11,613
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. RSBT $11,613. SPY $11,723. Use the arrow keys to read each point.$9,347$10,680$12,012Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+8.5%
1 month+2.6%
3 months+1.6%
1 year+16.1%
3 years+5.0%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+8.5%
2025+10.4%
2024−2.9%
2023−12.0%

History from Feb 8, 2023

RSBT in the news

ETF.net Research hasn’t filed on RSBT yet — coverage lands here as it’s written.

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 Sep 22, 2026.
2.95%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

RSBT Risk

How much the fund’s monthly returns vary, scaled to a year.
11.1%
Annualised · 36 months to Aug 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.
0.06
vs 3-month T-bills · to Aug 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%
43 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.
0.38
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.

RSBT Cost

Expense ratio1.01%
  • The middle half of Capital-Efficient Allocation funds
  • Median 0.67%

14 of the 19 Capital-Efficient Allocation funds charge less.

RSBT costs $101.00 a year on $10,000. The median Capital-Efficient Allocation fund costs $67.00.