Seeking AlphaT3·43mo ago
RSBT Return Stacked Bonds & Managed Futures ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
RSBT
—
—
Key stats
About
Return Stacked Bonds & Managed Futures ETF (RSBT) ETF
No description available.
- Exchange
- BATS
- Inception
- 2023-02-07
- Has Options
- No
Fund profile
holdings as of Jul 31, 2026SEC filingthrough Jul 2026flows, SEC filings
- Expense ratio
- 1.01% prospectus, filed Apr 27, 2026
- Assets
- $135M SEC filing, Jul 31, 2026
- Trailing yield
- 2.96% paid annual
- Average daily volume
- $854K 30 sessions
- Holdings
- 34 top 10 are 77.1%
- Listed
- Feb 7, 2023 Cboe BZX
- Last fee change
- -1 bp filed Apr 27, 2026
Cost4
Liquidity31
Scale42
Diversification0
Moves with. Gold (21% of its variance, beta 0.19); US large-cap stocks (12% of its variance, beta 0.32); Emerging markets over US (4% of its variance, beta 0.11). These factors explain 34% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. The Return Stacked Bonds & Managed Futures ETF (the Fund) seeks long-term capital appreciation. (from the fund's prospectus)
All 34 holdingsFlow historyOverlap toolAll Multisector Bond ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- +$8.6M latest reported month
- Latest 3 months
- +$11M +8.2% of assets
- Latest 12 months
- +$46M +34.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$8.6M |
| Jun 2026 | +$4.8M |
| May 2026 | −$2.4M |
| Apr 2026 | +$6.7M |
| Mar 2026 | +$9.1M |
| Feb 2026 | +$12M |
| Jan 2026 | +$4.6M |
| Dec 2025 | +$2.7M |
| Nov 2025 | −$885K |
| Oct 2025 | +$35K |
| Sep 2025 | +$425K |
| Aug 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 42 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| BINCiShares Flexible Income Active ETF | — | 0.40% | $16.5B | −4.9% | compare |
| PYLDPIMCO Multi Sector Bond Active ETF | — | 0.64% | $16.4B | −5.3% | compare |
| JPIEJPMorgan Income ETF | — | 0.39% | $11.2B | −3.2% | compare |
| BONDPIMCO Active Bond Exchange-Traded Fund | — | 0.54% | $8.6B | −6.8% | compare |
| CGCPCapital Group Core Plus Income ETF | — | 0.34% | $8.5B | −6.8% | compare |
The largest other funds in the Multisector Bond category.
What changed in the portfolio
Jan 31, 2026 → Apr 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | SPABState Street SPDR Portfolio Ag | — | 74.95% | — |
| Exit | AGGiShares Core U.S. Aggregate Bo | 51.85% | — | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 2.5%. Full holdings and history
Under the hood
fiscal year to Jan 31, 2026SEC census- Authorized participants
- 4 active of 4 with agreements; top 3 did 99%
- Created · redeemed
- $17M · $15M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 25,000 shares
- Securities lending
- not authorized
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-07-31
Holdings
34
AUM
$121.4M
Provider
Nport
Inception
2023-02-07
Exchange
BATS
Data As Of
2026-07-31
Expense Ratio
1.01%
Dividend Yield
2.96%
Distribution
Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-29 | 2025-12-30 | $0.5739 | CD |
| 2023-12-27 | 2023-12-29 | $0.4101 | CD |
Asset Allocation
Top Holdings
top 34 of 34 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| SPAB | State Street SPDR Portfolio Ag | 75.80% | Equity (common) | US |
| — | First American Government Obli | 15.21% | Short-term investment | US |
| — | N/A | 0.31% | Derivative (equity) | GB |
| — | N/A | 0.25% | Derivative (interest rate) | US |
| — | N/A | 0.23% | Derivative (interest rate) | US |
| — | N/A | 0.12% | Derivative (interest rate) | US |
| — | N/A | 0.10% | Derivative (equity) | US |
| — | N/A | 0.10% | Derivative (commodity) | US |
| — | N/A | 0.06% | Derivative (commodity) | GB |
| — | N/A | 0.04% | Derivative (interest rate) | DE |
| — | N/A | 0.04% | Derivative (commodity) | GB |
| — | N/A | 0.04% | Derivative (equity) | CA |
| — | N/A | 0.04% | Derivative (equity) | DE |
| — | N/A | 0.03% | Derivative (commodity) | US |
| — | N/A | 0.03% | Derivative (commodity) | US |
| — | N/A | 0.02% | Derivative (commodity) | US |
| — | N/A | 0.02% | Derivative (FX) | US |
| — | N/A | 0.01% | Derivative (commodity) | US |
| — | N/A | 0.01% | Derivative (equity) | DE |
| — | N/A | 0.01% | Derivative (commodity) | US |
| — | N/A | 0.00% | Derivative (interest rate) | GB |
| — | N/A | 0.00% | Derivative (commodity) | US |
| — | N/A | 0.00% | Derivative (commodity) | US |
| — | N/A | -0.00% | Derivative (commodity) | US |
| — | N/A | -0.02% | Derivative (commodity) | US |
| — | N/A | -0.02% | Derivative (commodity) | US |
| — | N/A | -0.05% | Derivative (FX) | US |
| — | N/A | -0.05% | Derivative (interest rate) | US |
| — | N/A | -0.08% | Derivative (commodity) | US |
| — | N/A | -0.09% | Derivative (FX) | US |
| — | N/A | -0.20% | Derivative (equity) | US |
| — | N/A | -0.21% | Derivative (equity) | US |
| — | N/A | -0.51% | Derivative (FX) | US |
| — | N/A | -1.03% | Derivative (FX) | US |
Non-Equity Breakdown
Return Stacked(R) Bonds & Managed Futures ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-28)
Net assets:
$135M
· 34 total positions
· equity 75.80%
· non-equity 14.40%
Non-equity holdings
— 33 positions,
14.40% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 15.21% | $20.5M | 1 |
| Derivative (interest rate) | 0.59% | $795894 | 6 |
| Derivative (commodity) | 0.18% | $247870 | 14 |
| Derivative (equity) | 0.08% | $114309 | 7 |
| Derivative (FX) | -1.66% | $-2238421 | 5 |
Chart
Seasonality
| Month | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|
| Jan | -- | 0.71% | 0.83% | 2.82% | 1.45% |
| Feb | -1.34% | 0.79% | 0.00% | 6.13% | 1.40% |
| Mar | -8.42% | 3.00% | -1.51% | -3.43% | -2.59% |
| Apr | 0.19% | 0.29% | -4.10% | 1.86% | -0.44% |
| May | -1.32% | 0.78% | -0.31% | 1.57% | 0.18% |
| Jun | 2.58% | 1.10% | 1.92% | -3.45% | 0.54% |
| Jul | -1.96% | -1.48% | -3.09% | -1.42% | -1.99% |
| Aug | -4.20% | -0.06% | 4.05% | 2.58% | 0.59% |
| Sep | 1.79% | 2.34% | 6.60% | 1.78% | 3.13% |
| Oct | -3.25% | -8.60% | 3.78% | -1.69%* | -2.44% |
| Nov | -1.03% | 0.99% | -1.62% | -- | -0.55% |
| Dec | -0.17% | -1.26% | -0.72% | -- | -0.72% |
| Total | -16.26% | -1.88% | 5.43% | 6.51% | -1.55% |
* Only 4 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $19.48
SMA 50: $19.29
SMA 200: $19.14
Current: $19.15
EMA 12: $19.41
EMA 26: $19.42
MACD: -0.0065 | Signal: -0.0532
BULLISH
ADX (14): 19.70
RANGE
+DI: 15.34
−DI: 25.10
Momentum Oscillators
RSI (14): 37.53
NEUTRAL
Stoch %K: 18.33
Stoch %D: 24.07
Williams %R: -100.00
Volume & Volatility
BB Upper: $19.74
BB Lower: $19.23
OVERSOLD
OBV: -184,425
Vol SMA 20: 34,445
Vol ROC: -22.71%
ATR: $0.17
True Range: $0.23
HV 20: 8.0%
HV 30: 7.8%
HV 60: 7.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary:
- Overall assessment: NEUTRAL (confidence level: 6/10)
- Key drivers: Trend direction, momentum signals, and beta analysis
- Primary risks: Volatility regime shift, potential earnings miss
- Recent news sentiment impact: Neutral headlines with no significant market-moving announcements
Technical Analysis:
- Trend Direction: Short-term: NEUTRAL (price within range), Medium-term: BULLISH (SMA 50 and EMA 12 above SMA 200), Long-term: BEARISH (SMA 200 below long-term average)
- Support/Resistance Levels: Key price levels from moving averages: SMA 20 at $18.96, SMA 50 at $18.98, SMA 200 at $18.93
- Momentum Signals:
- RSI interpretation: NEUTRAL (58.92), not overbought or oversold
- MACD signal: BULLISH (0.05 above signal line)
- Bollinger Bands position: NEUTRAL (price within bands, no significant squeeze or breakout)
- Volume Analysis: Volume trends and institutional interest signals:
- Volume SMA 20: 39692.29 (no significant volume shifts)
- On-Balance Volume (OBV): -516543.64 (neutral volume trend)
News & Sentiment Analysis:
- Recent Headlines Summary: Neutral headlines from Seeking Alpha, focusing on ETFs and blue chip stocks
- Sentiment Assessment: NEUTRAL sentiment overall, no significant market-moving announcements
- Catalyst Identification: No upcoming events or earnings releases announced
- Market Narrative: News aligns with technical signals, emphasizing range-bound trading
Risk & Volatility Assessment:
- Beta Interpretation: Low risk relative to market (beta 0.53), indicating low volatility
- Volatility Regime: Current vs historical volatility levels:
- Stock volatility: 0.14 (low)
- Historical volatility (HV30, HV60): moderate to high
- Options Market Signals: No options data available
- Downside Protection: Support levels and risk management considerations:
- SMA 20 at $18.96, SMA 50 at $18.98
Market Context & Positioning:
- Sector Performance: Relative strength vs sector/market:
- Sector performance: NEUTRAL (no significant outperformance)
- Market correlation: 0.47 (low)
- Institutional Activity: Volume patterns suggesting institutional interest:
- No unusual volume patterns or trading activity
- Correlation Analysis: How stock moves relative to market (R-squared interpretation):
- R-squared: 0.47 (low), indicating low correlation
Key Levels & Action Items:
- Critical Price Levels: Support/resistance to monitor:
- SMA 20 at $18.96, SMA 50 at $18.98
- Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- SMA 200 at $18.93 (breakout potential)
- Time-Sensitive Catalysts: Earnings dates, FDA approvals, product launches:
- No upcoming events or earnings releases announced
- Risk Management: Stop-loss levels and position sizing considerations:
- Consider setting stop-loss at SMA 20 ($18.96) for risk management
Conclusion:
The analysis suggests a NEUTRAL overall assessment with confidence level 6/10. The stock is trading within a range, and recent news headlines have been neutral. Technical indicators suggest a bullish trend direction in the medium term, while beta analysis indicates low volatility. Risk and volatility assessments highlight potential downside protection at SMA 20 ($18.96) and SMA 50 ($18.98). Market context and positioning reveal low sector performance and correlation with market. Key levels to monitor include SMA 20 and SMA 200, with potential breakout or breakdown levels present.
Generated
News
All RSBT news →
Seeking AlphaT3·43mo ago
RSBT Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.4457
Alpha: -0.17%
Correlation: 0.4164
R-Squared: 17.3%
Stock Volatility: 13.7%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
RSBT Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
RSBT Constituent Performance
Click any bar to view the full quote for that stock.
RSBT Constituents (1 of 1)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| SPAB | State Street SPDR Portfolio Ag | 75.80% | $24.79 | +0.88% | +0.79% | +1.29% |