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Launched · SEC filings

Return Stacked Bonds & Managed Futures ETF

RSBTCboeD

$19.67−0.04 (−0.20%)

At close: Oct 13, 2026, 4:00 PM

D36/ 100

Rank 15 of 19 in Capital-Efficient Allocation

D36/100Rank 15 of 19inCapital-Efficient Allocation
Intraday session: down, 74 prints from 19.71 to 19.67. Range 19.52 to 19.71. Use the arrow keys to read each point.19.5519.6010 AM12 PM2 PM4 PM
Expense ratio
1.01%
Fund size
$165M
1Y total return
+16.1%
Yield · Last 12 months
2.91%
Holdings
12
Avg volume · 30D
0M sh
NAV per share
$19.59
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
15 of 19
Six-pillar profile for RSBT. Scores out of 100: Cost 17, Risk 50, Mission not scored, Tradability 65, Holdings 20, Durability 62. Strongest: Tradability (65). Weakest: Cost (17). 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.
    C50 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.
    B65 out of 100
    Rank 6 of 19

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F20 out of 100
    Rank 12 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

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 Oct 12, 2026
Asset class
Bonds
Holdings
12
Top-10 weight
188%
Largest holding
US 2YR NOTE (CBT) Dec2651.9%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US 2YR NOTE (CBT) Dec2651.87%-757$-154M17
002—US 5YR NOTE (CBT) Dec2633.39%-958$-99M23
003—EURO FX CURR FUT Dec2633.34%-706$-99M6
004—EURO-BUND FUTURE Dec2626.63%-585$-79M9
005—US 10YR NOTE (CBT)Dec2621.25%-604$-63M22
006—BP CURRENCY FUT Dec266.74%-242$-20M5
007—C$ CURRENCY FUT Dec265.49%-232$-16M6
008—LONG GILT FUTURE Dec264.50%-121$-13M9
009—JPN YEN CURR FUT Dec262.54%-95$-8M8
010—US LONG BOND(CBT) Dec262.32%-67$-7M16
011—GOLD 100 OZ FUTR Dec260.99%-7$-3M8
012—SILVER FUTURE Dec260.21%-2$-610K6

Showing 1–12 of 12 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$11,613
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. RSBT $11,613. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+10.0%
1 month+1.8%
3 months+4.0%
1 year+16.1%
3 yearsper year+5.4%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+10.0%
2025+10.4%
2024−2.9%
2023−12.0%

History from Feb 8, 2023

RSBT in the news

Filtered to RSBT · Capital-Efficient Allocation

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 12, 2026.
2.91%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 Sep 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.
0.05
vs 3-month T-bills · to Sep 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.

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.

Other funds in Capital-Efficient Allocation

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