Data as of Nov 4, 2026.
RSST vs SPY: Differences, Returns & Fees
Over the year to Nov 4, 2026, RSST returned +23.3% to SPY's +14.8%, and SPY charges 0.09% to RSST's 0.99%.
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Net assets: $480m on Jul 31, 2026 for Return Stacked U.S. Stocks & Managed Futures ETF, and $804.8bn on Nov 3, 2026 for SPDR S&P 500 ETF Trust.
Pair scorecard
SPY costs 0.90 points a year less; their one-year returns differ by 8.5 points.
| Measure | RSST | SPY |
|---|---|---|
| Return | ||
| Total return, 1 year | +23.3% | +14.8% |
| Total return, 52 weeks | +22.5% | |
| Against its benchmark | ||
| What it tracks | not published | S&P 500 Index |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 18.9 points ahead | |
| Cost and size | ||
| Expense ratio | 0.99% | 0.09% |
| Net assets, RSST as of Jul 31, 2026 and SPY as of Nov 3, 2026 | $480m | $804.8bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 37.3% | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.85 | |
| Beta to the S&P 500 | +1.45: about 1.45% for each 1% | |
| Its average week when the S&P 500 fell | fell 1.76% | |
| Down-week capture | 164.8% | |
| Weeks the S&P 500 fell | 26 of 52, by 1.07% on average | |
Risk and return
Sep 15, 2023 to Oct 30, 2026 · 163 weekly returns · each against VOOFrom Sep 2023 to Oct 2026, SPY returned slightly more: +76.7% to +72.6%. SPY swung less: 14.2% to 21.3%. SPY fell less at its worst: −16.9% to −26.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | RSST | SPY | VOO | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +72.6% | +76.7% | SPY (slight) | Price change plus distributions, reinvested. | |
| Annualized | +19.0% | +19.9% | SPY (slight) | Total return as a yearly rate. | |
| Price return | +69.0% | +70.4% | SPY (slight) | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 21.3% | 14.2% | SPY | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 15.4% | 9.2% | SPY | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −26.8% | −16.9% | SPY | Deepest fall from a high to the low after it. | |
| Upside capture | 134.3% | 100.0% | 100.0% | RSST | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 122.2% | 100.2% | 100.0% | SPY | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.30 | 1.01 | 1.00 | SPY lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.74 | 1.00 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.72 | 1.04 | SPY | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.99 | 1.61 | SPY | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.118 | 0.146 | 0.148 | SPY | Return above Treasury bills per unit of beta. |
| Calmar | 0.71 | 1.18 | SPY | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | VOO | VOO | VOO | The ETF each fund is measured against. | |
| Alpha | −4.0% a year | −0.2% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.64 | −1.02 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −16.2% to +8.3% | −0.5% to +0.2% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.04 | −0.30 | RSST | Return against its benchmark per unit of tracking error. | |
| Tracking error | 11.6% | 0.3% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 163 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
RSST and SPY on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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RSST
RSST is a managed futures fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.85 with the S&P 500’s and a beta of +1.45, so for each 1% the index moved it moved about 1.45% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks RSST fell 1.76% on average, a down-week capture of 164.8%. Over the same 52 weeks RSST returned +22.5% and a Treasury bill fund +3.7%, so it finished 18.9 percentage points ahead of cash.
SPY
SPY tracks the S&P 500. Over the year to Nov 4, 2026 it returned +14.8% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Nov 3, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 37.3%.
Questions people ask
- Are RSST and SPY in the same category?
- RSST is an alternatives ETF and SPY is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, RSST or SPY?
- In the year to Nov 4, 2026, with distributions reinvested, RSST returned +23.3% and SPY +14.8%.
- Which is cheaper, RSST or SPY?
- SPY is cheaper, by 0.90 percentage points a year. That is about $90 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, RSST against SPY, data as of Nov 4, 2026. https://etfiq.com/compare/any/rsst-vs-spy
ETFIQ. (Nov 4, 2026). RSST against SPY. Retrieved from https://etfiq.com/compare/any/rsst-vs-spy
[RSST against SPY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/rsst-vs-spy)
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