Get Stacked Investment Podcast

In this Q2 2026 commentary, Rodrigo Gordillo and Adam Butler review the Return Stacked® ETF suite, highlighting how combining trend and carry strategies capture unique signals during supply and demand shocks. The conversation also covers merger arbitrage as an overlooked corporate bond alternative, alongside the mechanics of gold and Bitcoin stacking. Finally, the two discuss the launch of the International Stocks & Managed Futures ETF (RSIT), which quickly grew to over $60 million in assets, and the addition of new agricultural markets to the trend and carry strategies.Topics Discussed• Diversification of risk using trend and carry strategies within investment portfolios• Launch and performance of RSIT (International Developed Trend ETF) and addition of agricultural markets• Understanding and capturing carry (roll yield) in energy and futures markets• Mechanics and performance of Return Stacking ETFs including RSSB, RSSX, and RSBA• Benefits of merger arbitrage as a diversifier and corporate bond alternative• Managing behavioral challenges and providing transparency to advisors using Return Stacking• Minimizing hidden financing and funding costs when using futures overlaysThe performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost, and current performance may be lower or higher than the performance quoted above.For prospectus and performance and risks visit the fund pages.RSST – https://www.returnstackedetfs.com/rsst-return-stacked-us-stocks-managed-futures/RSIT - https://www.returnstackedetfs.com/rsit-international-stocks-managed-futures/RSBT – https://www.returnstackedetfs.com/rsbt-return-stacked-bonds-managed-futures/RSSY – https://www.returnstackedetfs.com/rssy-return-stacked-us-stocks-futures-yield/RSBY – https://www.returnstackedetfs.com/rsby-return-stacked-bonds-futures-yield/RSBA – https://www.returnstackedetfs.com/rsba-return-stacked-bonds-merger-arbitrage/RSSB – https://www.returnstackedetfs.com/rssb-return-stacked-global-stocks-bonds/RSSX – https://www.returnstackedetfs.com/rssx-return-stacked-us-stocks-gold-bitcoin/BTGD – https://quantifyfunds.com/stackedbitcoingoldetf/btgd/RSSX does not invest directly in Bitcoin or Gold. Exposures to gold and bitcoin will be done via exchange traded funds and futures contracts, hence the fund does not invest directly in bitcoin or any other digital asset, and does not invest directly in gold or gold bullionInvestors should carefully consider the investment objectives, risks, charges and expenses of Return Stacked® ETFs lineup before investing. This and other important information about the Return Stacked® ETF lineup is contained in their respective prospectus. For a prospectus or summary prospectus with this and other information about the Funds, please click the links above. Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns.Tidal Investments, LLC (“Tidal”) serves as investment adviser to the Funds and the Funds' Subsidiary.Newfound Research LLC (“Newfound”) serves as investment sub-adviser to RSST, RSIT, RSBT, RSSY, RSBY, RSBA, RSSB, and RSSX.ReSolve Asset Management SEZC (Cayman) (“ReSolve”) serves as futures trading advisor to the Return Stacked® Bonds & Managed Futures ETF (RSBT), the Return Stacked® U.S. Stocks and Managed Futures ETF (RSST), the Return Stacked® U.S. Stocks & Futures Yield ETF (RSSY), the Return Stacked® Bonds & Futures Yield ETF (RSBY), Return Stacked® U.S. Stocks & Gold/Bitcoin ETF (RSSX), Return Stacked® International Stocks & Managed Futures (RSIT) and their respective Subsidiaries.Quantify Chaos Advisors, LLC (“Quantify”) serves as the sub-adviser to the STKd 100% Bitcoin & 100% Gold ETF (BTGD). Quantify has entered into a brand licensing agreement with Newfound and Resolve granting Quantify the right to use the “STKd” brand, a derivative of Return Stacked®. Neither the Trust nor the Adviser is a party to this agreement. In exchange for the branding rights, Quantify will pay Newfound and ReSolve a fee based on a percentage of the Fund's unitary management fee.The Return Stacked® ETFs suite is distributed by Foreside Fund Services, LLC, Member FINRA/SIPC. Foreside is not related to Tidal, Newfound, ReSolve or Quantify.Definitions:Duration: refers to the average life of a debt instrument and serves as a measure of that instrument's interest rate risk. Beta: how much an investment moves vs. a benchmark (like the market). Alpha: refers to returns above that of a passive market benchmark SocGen: is a common abbreviation for Société Générale S.A. Trend index: tracks returns from trend-following strategies, aiming to capture gains from sustained market price movements across assets. FTSE 100 Index: Financial Times Stock Exchange 100 Index DAX index: Deutscher Aktienindex is the benchmark stock market index of the Frankfurt Stock Exchange Nikkei 225 or Nikkei Stock Average is the leading stock market index for the Tokyo Stock Exchange (TSE) Alpha merger Index: tracks returns from merger arbitrage strategies, aiming to capture deal-related profits independent of the broader market.A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns. Bitcoin Investment Risk: The Fund's indirect investment in bitcoin, through futures contracts and Underlying Funds, exposes it to the unique risks of this emerging innovation. Bitcoin's price is highly volatile, and its market is influenced by the changing bitcoin network, fluctuating acceptance levels, and unpredictable usage trends. Not being a legal tender and operating outside central authority systems like banks, bitcoin faces potential government restrictions. The value of bitcoin has historically been subject to significant speculation, making trading and investing in bitcoin reliant on market sentiment rather than traditional fundamental analysis. Blockchain Technology Risk: Blockchain technology, which underpins bitcoin and other digital assets, is relatively new, and many of its applications are untested. The adoption of blockchain and the development of competing platforms or technologies could affect its usage. Cayman Subsidiary Risk: By investing in the Fund's Cayman Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary's investments. The futures contracts and other investments held by the Subsidiary are subject to the same economic risks that apply to similar investments if held directly by the Fund. The Subsidiary is not registered under the 1940 Act, and, unless otherwise noted in the Fund's Prospectus, is not subject to all the investor protections of the 1940 Act. Commodity Risk: Investing in physical commodities is speculative and can be extremely volatile. Commodity-Linked Derivatives Tax Risk: The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations, or other legally binding authority. As a registered investment company (RIC), the Fund must derive at least 90% of its gross income each taxable year from certain qualifying sources of income under the Internal Revenue Code. If, as a result of any adverse future legislation, U.S. Treasury regulations, and/or guidance issued by the Internal Revenue Service, the income of the Fund from certain commodity-linked derivatives, including income from the Fund's investments in the Subsidiary, were treated as non-qualifying income, the Fund may fail to qualify as RIC and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a RIC may limit the Fund's use of such derivative instruments. Commodity Pool Regulatory Risk: The Fund's investment exposure to futures instruments will cause it to be deemed to be a commodity pool, thereby subjecting the Fund to regulation under the Commodity Exchange Act and the Commodity Futures Trading Commission rules. Because the Fund is subject to additional laws, regulations, and enforcement policies, it may have increased compliance costs which may affect the operations and performance of the Fund. Credit Risk: Credit risk refers to the possibility that the issuer of a security will not be able to make principal and interest payments when due. Changes in an issuer's credit rating or the market's perception of an issuer's creditworthiness may also affect the value of the Fund's investment in that issuer. Derivatives Risk: Derivatives are instruments, such as futures contracts, whose value is derived from that of other assets, rates, or...

Based on our Q1 2026 commentary for the Return Stacked ETF suite, Corey Hoffstein and Adam Butler provide a detailed analysis of the strong quarter for trend following and carry, with a particular focus on the energy complex's impact. The conversation also explores the unique diversification benefits of merger arbitrage and provides a three-year retrospective on the efficacy of their trend replication models.Topics DiscussedOverview of the Return Stacked ETF suite's growth and the core concept of capital efficiencyIn-depth look at the trend following strategy, highlighting its three-year success in replicating the managed futures category betaAnalysis of the Carry strategy's strong Q1 performance, primarily driven by geopolitical events affecting the energy marketsDiscussion of the Merger Arbitrage strategy as a unique diversifier against traditional credit riskExamination of the RSSX ETF, which stacks a risk-balanced overlay of gold and Bitcoin on U.S. equitiesDemonstration of the new Portfolio Visualizer tool for modeling and understanding Return Stacking conceptsExplanation of why broad market diversification, not just shorting equities, provides crisis alpha in trend strategiesDiscussion on the complementary relationship between Trend and Carry strategies in different market environmentsThe performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost, and current performance may be lower or higher than the performance quoted above.For prospectus and performance and risks visit the fund pages.RSST – https://www.returnstackedetfs.com/rsst-return-stacked-us-stocks-managed-futures/RSIT - https://www.returnstackedetfs.com/rsit-international-stocks-managed-futures/RSBT – https://www.returnstackedetfs.com/rsbt-return-stacked-bonds-managed-futures/RSSY – https://www.returnstackedetfs.com/rssy-return-stacked-us-stocks-futures-yield/RSBY – https://www.returnstackedetfs.com/rsby-return-stacked-bonds-futures-yield/RSBA – https://www.returnstackedetfs.com/rsba-return-stacked-bonds-merger-arbitrage/RSSB – https://www.returnstackedetfs.com/rssb-return-stacked-global-stocks-bonds/RSSX – https://www.returnstackedetfs.com/rssx-return-stacked-us-stocks-gold-bitcoin/BTGD – https://quantifyfunds.com/stackedbitcoingoldetf/btgd/RSSX does not invest directly in Bitcoin or Gold.Investors should carefully consider the investment objectives, risks, charges and expenses of the Return Stacked® U.S. Stocks & Gold/Bitcoin ETF. This and other important information about the ETF is contained in the prospectus, which can be obtained by calling 1-844-737-3001 or clicking here. The prospectus should be read carefully before investing.The Return Stacked® U.S. Stocks & Gold/Bitcoin ETF is distributed by Foreside Fund Services, LLC, Member FINRA/SIPC. Foreside is not related to Tidal, Newfound, or ReSolve.Definitions:Duration: refers to the average life of a debt instrument and serves as a measure of that instrument's interest rate risk. Beta: how much an investment moves vs. a benchmark (like the market). Alpha: refers to returns above that of a passive market benchmark SocGen: is a common abbreviation for Société Générale S.A. Trend Index: tracks returns from trend-following strategies, aiming to capture gains from sustained market price movements across assets. FTSE 100 Index: Financial Times Stock Exchange 100 Index DAX index: Deutscher Aktienindex is the benchmark stock market index of the Frankfurt Stock Exchange Nikkei 225 or Nikkei Stock Average is the leading stock market index for the Tokyo Stock Exchange (TSE) Alpha merger Index: tracks returns from merger arbitrage strategies, aiming to capture deal-related profits independent of the broader market.A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns. Bitcoin Investment Risk: The Fund's indirect investment in bitcoin, through futures contracts and Underlying Funds, exposes it to the unique risks of this emerging innovation. Bitcoin's price is highly volatile, and its market is influenced by the changing bitcoin network, fluctuating acceptance levels, and unpredictable usage trends. Not being a legal tender and operating outside central authority systems like banks, bitcoin faces potential government restrictions. The value of bitcoin has historically been subject to significant speculation, making trading and investing in bitcoin reliant on market sentiment rather than traditional fundamental analysis. Blockchain Technology Risk: Blockchain technology, which underpins bitcoin and other digital assets, is relatively new, and many of its applications are untested. The adoption of blockchain and the development of competing platforms or technologies could affect its usage. Cayman Subsidiary Risk: By investing in the Fund's Cayman Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary's investments. The futures contracts and other investments held by the Subsidiary are subject to the same economic risks that apply to similar investments if held directly by the Fund. The Subsidiary is not registered under the 1940 Act, and, unless otherwise noted in the Fund's Prospectus, is not subject to all the investor protections of the 1940 Act. Commodity Risk: Investing in physical commodities is speculative and can be extremely volatile. Commodity-Linked Derivatives Tax Risk: The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations, or other legally binding authority. As a registered investment company (RIC), the Fund must derive at least 90% of its gross income each taxable year from certain qualifying sources of income under the Internal Revenue Code. If, as a result of any adverse future legislation, U.S. Treasury regulations, and/or guidance issued by the Internal Revenue Service, the income of the Fund from certain commodity-linked derivatives, including income from the Fund's investments in the Subsidiary, were treated as non-qualifying income, the Fund may fail to qualify as RIC and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative...

Return stacking and portable alpha are no longer niche strategies — they're going mainstream.In this episode, we cut through the noise and unpack the latest institutional survey data to separate hype from reality.Corey Hoffstein, CEO & CIO of Newfound Research and Co-Founder & Portfolio Manager of the Return Stacked® ETF Suite, sits down with special guest Shane McCarthy, CFA, Global Head of the Client & Partner Group at LAB Quantitative Strategies, to go beyond the theory and into what the latest institutional survey data actually reveals about where portable alpha stands right now — and where it's headed.What You Will Learn:Why portable alpha has expanded well beyond pensions — into endowments, OCIOs, family offices, and wealth channels — and what the latest survey data reveals about AUM growth in the spaceWhat allocators are actually optimizing for, and how survey data breaks down their primary objectivesWhich alpha sources are winning, how much overlay exposure institutions are taking, and why a single alpha source may not be enoughThe three implementation structures in use today, how fee and liquidity terms compare, and what beta instrument trade-offs matter most in practiceDon't miss the extended Q&A, where Corey and Shane go deep on instrument selection, alpha durability, illiquidity tolerance, and the nuances of overlay sizing.

Drawing from quarterly commentary, Rodrigo Gordillo and Corey Hoffstein review the performance and positioning of the Return Stacked® suite of ETFs. They explore the drivers behind their trend following strategies, explaining the whipsaw experienced in certain markets and the strong performance in others like metals and equities. The discussion also provides a detailed case study on the challenges faced by multi-asset carry (futures yield) strategies, the opportunistic nature of their merger arbitrage approach, and the mechanics of the gold and Bitcoin overlay. This episode offers a comprehensive look at how these distinct strategies navigated the recent market environment.Topics DiscussedAn overview of the Return Stacked® ETF suite's growth, having surpassed $1 billion in assetsThe utility of the RSSB global stocks and bonds ETF as a versatile tool for capital efficiency and creating portfolio overlaysA detailed breakdown of the trend-following replication strategy, which combines top-down and bottom-up models to track a managed futures indexAnalysis of the challenging market environment for trend following, marked by policy-driven whipsaws and unexpected economic newsAn in-depth case study on the multi-asset carry strategy's underperformance, using crude oil to explain the impact of rapid shifts in market expectationsPositioning the merger arbitrage strategy (RSBA) as an attractive, uncorrelated alternative to traditional credit investmentsThe dynamic, risk-parity approach to the gold and Bitcoin overlay in the RSSX ETF for hedging against inflation and currency debasement riskDiscussion on the nature of diversification, emphasizing that it implies zero correlation, not necessarily negative correlation, between assetsRSSX does not invest directly in Bitcoin or Gold.Exposures to gold and bitcoin will be done via exchange traded funds and futures contracts, hence the fund does not invest directly in bitcoin or any other digital asset, and does not invest directly in gold or gold bullion.For prospectus and performance and risks visit the fund pages.RSST – https://www.returnstackedetfs.com/rsst-return-stacked-us-stocks-managed-futures/RSIT - https://www.returnstackedetfs.com/rsit-international-stocks-managed-futures/RSBT – https://www.returnstackedetfs.com/rsbt-return-stacked-bonds-managed-futures/RSSY – https://www.returnstackedetfs.com/rssy-return-stacked-us-stocks-futures-yield/RSBY – https://www.returnstackedetfs.com/rsby-return-stacked-bonds-futures-yield/RSBA – https://www.returnstackedetfs.com/rsba-return-stacked-bonds-merger-arbitrage/RSSB – https://www.returnstackedetfs.com/rssb-return-stacked-global-stocks-bonds/RSSX – https://www.returnstackedetfs.com/rssx-return-stacked-us-stocks-gold-bitcoin/BTGD – https://quantifyfunds.com/stackedbitcoingoldetf/btgd/Investors should carefully consider the investment objectives, risks, charges and expenses of Return Stacked® ETFs lineup before investing. This and other important information about the Return Stacked® ETF lineup is contained in their respective prospectus. For a prospectus or summary prospectus with this and other information about the Funds, please click the links above. Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns.Tidal Investments, LLC (“Tidal”) serves as investment adviser to the Funds and the Funds' Subsidiary.Newfound Research LLC (“Newfound”) serves as investment sub-adviser to RSST, RSBT, RSSY, RSBY, RSBA, RSSB, and RSSX.ReSolve Asset Management SEZC (Cayman) (“ReSolve”) serves as futures trading advisor to the Return Stacked® Bonds & Managed Futures ETF (RSBT), the Return Stacked® U.S. Stocks and Managed Futures ETF (RSST), the Return Stacked® U.S. Stocks & Futures Yield ETF (RSSY), the Return Stacked® Bonds & Futures Yield ETF (RSBY), Return Stacked® U.S. Stocks & Gold/Bitcoin ETF (RSSX) and their respective Subsidiaries.Quantify Chaos Advisors, LLC (“Quantify”) serves as the sub-adviser to the STKd 100% Bitcoin & 100% Gold ETF(BTGD). Quantify has entered into a brand licensing agreement with Newfound and Resolve granting Quantify the right to use the “STKd” brand, a derivative of Return Stacked®. Neither the Trust nor the Adviser is a party to this agreement. In exchange for the branding rights, Quantify will pay Newfound and ReSolve a fee based on a percentage of the Fund's unitary management fee.The Return Stacked® ETFs suite is distributed by Foreside Fund Services, LLC. Foreside is note related to Tidal, Newfound, Resolve or Quantify.

In this special interview, Mike Philbrick explores the principles of systematic macro investing and the behavioral challenges investors face when attempting to diversify traditional portfolios. He explains how Return Stacking addresses the common funding dilemma by layering alternative strategies on top of a core stock-and-bond portfolio rather than replacing existing allocations. Using the Return Stacked® Global Balanced & Macro ETF (RGBM) as a framework, the discussion illustrates how this institutional-grade approach aims to improve portfolio construction—seeking true diversification and potentially higher risk-adjusted returns without requiring investors to abandon their core holdings.Topics DiscussedDefining systematic macro as a data-driven, rules-based strategy across global assets.The vulnerability of traditional 60/40 stock-bond portfolios to inflationary shocks.The funding dilemma and behavioral challenges when adding alternatives by selling core assets.Introducing Return Stacking to layer diversifying strategies on top of core holdings.Applying the institutional concept of portable alpha to individual investor portfolios.The mechanics of using a capital-efficient ETF to achieve greater than 100% exposure.Reducing behavioral tracking error by preserving an investor's familiar core allocations.The goal of outperforming underlying betas by having the stacked strategy beat its cost of financing.Return Stacked® Global Balanced & Macro ETF (“RGBM” or the “ETF”) is an alternative mutual fund, as such, RGBM is permitted to invest in asset classes or use investment strategies that are not permitted for other types of mutual funds. RGBM uses leverage and derivative instruments to stack the returns of a global balanced strategy with those of a systematic macro strategy which can magnify gains and losses.Past Performance is not a guarantee of future results.Commissions, management fees, performance fees and operating expenses may all be associated with an investment in RGBM. The ETF is not guaranteed, its value changes frequently and past performance may not be repeated. The ETF Facts and prospectus contain important detailed information about the ETF. Please read the relevant documents before investing.LongPoint Asset Management Inc. (“LongPoint”) is the Investment Fund Manager of RGBM.ReSolve Asset Management Inc. (“ReSolve Canada”) is the Portfolio Manager of RGBM.ReSolve Asset Management SEZC (Cayman) (“ReSolve Global”) is the Portfolio Sub-Advisor of RGBM.Newfound Research LLC (“Newfound”) is a Co-Promotor of RGBM.

In this episode, Rodrigo Gordillo, President of ReSolve Asset Management and Co-Founder of Return Stacked ETFs, delves into the history, mechanics, and benefits of managed futures strategies. Gordillo recounts the evolution from the original turtle traders to modern systematic approaches in trend following. He explains the behavioral finance underpinnings that make these strategies effective, including concepts like anchoring and cascading effects. The conversation covers the diversification benefits of managed futures, their non-correlation with traditional asset classes, and their performance in different market regimes. Gordillo also introduces return stacking and portable alpha concepts, illustrating how these methods can provide both diversification and potential outperformance without significantly increasing portfolio risk. The discussion includes practical examples and the mechanics behind ETFs like RSST and RSBT.00:00 Introduction to Managed Futures01:24 Understanding Trend Following03:11 Behavioral Finance and Trend Following04:12 Benefits of Investing in Managed Futures07:46 Challenges of Diversification10:30 Return Stacking Explained13:19 Mechanics of RSST and RSBT21:06 Practical Use Cases for Return Stacking23:45 Conclusion and Further LearningDefinition of terms used:S&P 500: A market-capitalization-weighted index that tracks the performance of approximately 500 leading U.S. publicly traded companies, widely used as a benchmark for the overall U.S. equity market.Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please click here (https://www.returnstackedetfs.com/rsst-return-stacked-us-stocks-managed-futures/) Read the prospectus or summary prospectus carefully before investing. Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns. Toroso Investments, LLC (“Toroso”) serves as investment adviser to the Funds and the Funds' Subsidiary. Newfound Research LLC (“Newfound”) serves as investment sub-adviser to the Funds. ReSolve Asset Management SEZC (Cayman) (“ReSolve”) serves as futures trading advisor to the Fund and the Funds' Subsidiary. Foreside Fund Services, LLC is the distributor for the Funds. Foreside is not related to Toroso, Newfound, or ReSolve.

In a special roundtable discussion, Rodrigo Gordillo, Corey Hoffstein, Mike Philbrick, and Adam Butler each present their top investment idea for 2026, centered around a specific Return Stacked® ETF. The conversation explores a range of compelling theses, from the role of scarce assets like gold and Bitcoin to the strategic use of alternatives such as trend following and merger arbitrage. This forward-looking analysis delves into the evolving landscape of portfolio construction, the importance of capital efficiency, and the broader implications of ongoing monetary and fiscal debasement.Topics Discussed• The investment case for stacking scarce assets like gold and Bitcoin on stocks (RSSX) as a hedge against permanent monetary debasement• Utilizing bonds as a portfolio ballast and stacking managed futures strategies like trend and carry for diversification (RSBT & RSBY)• The argument for replacing corporate credit exposure with a combination of Treasuries and merger arbitrage (RSBA) due to tight credit spreads• Using a global stock and bond fund (RSSB) to create capital efficiency for adding low-volatility alternatives or tactical cash positions• The increasing institutional adoption of Bitcoin, signaling its potential shift from a fringe asset to a foundational portfolio component• A defense of holding bond duration for its predictable long-term returns and its role as a diversifier during cyclical recessions• The complementary nature of trend and carry strategies as different ways to harvest risk premia in managed futures• Merger arbitrage as a unique and defensible risk premium that is structurally uncorrelated with traditional equity and credit risk• The paradigm shift in portfolio construction for retail investors enabled by the accessibility of Return Stacking strategiesRSST – https://www.returnstackedetfs.com/rsst-return-stacked-us-stocks-managed-futures/RSIT - https://www.returnstackedetfs.com/rsit-international-stocks-managed-futures/RSBT – https://www.returnstackedetfs.com/rsbt-return-stacked-bonds-managed-futures/RSSY – https://www.returnstackedetfs.com/rssy-return-stacked-us-stocks-futures-yield/RSBY – https://www.returnstackedetfs.com/rsby-return-stacked-bonds-futures-yield/RSBA – https://www.returnstackedetfs.com/rsba-return-stacked-bonds-merger-arbitrage/RSSB – https://www.returnstackedetfs.com/rssb-return-stacked-global-stocks-bonds/RSSX – https://www.returnstackedetfs.com/rssx-return-stacked-us-stocks-gold-bitcoin/BTGD – https://quantifyfunds.com/stackedbitcoingoldetf/btgd/The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost, and current performance may be lower or higher than the performance quoted above.DefinitionsBeta: How much an investment moves vs. a benchmark (like the market).NASDAQ 100: Index of 100 big non-financial companies listed on Nasdaq.Mag 7: A nickname for seven mega-cap U.S. tech/growth stocks that have dominated index performance in recent years: Apple, Microsoft, Alphabet (Google), Amazon, Nvidia, Meta, Tesla.AGG (the “Agg”): Broad U.S. investment-grade bond market benchmark/ETF. Duration refers to the average life of a debt instrument and serves as a measure of that instrument's interest rate risk.A Basis Point is equal to 0.01% and is commonly used to express changes in interest rates, fees, or investment returns. For example, 50 basis points equals 0.50%.ICE corporate index: A benchmark that tracks corporate bonds (from ICE).Sharpe ratio: Return earned per unit of risk.Coupon: The interest a bond pays each year (based on face value).DisclaimersThe performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above.Exposures to gold and bitcoin will be done via exchange traded funds and futures contracts, hence the fund does not invest directly in bitcoin or any other digital asset, and does not invest directly in gold or gold bullion.Investors should carefully consider the investment objectives, risks, charges and expenses of the Return Stacked® ETFs. This and other important information about the ETFs is contained in their prospectuses, which can be obtained by calling 1-844-737-3001 or clicking here. The prospectuses should be read carefully before investing. Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns.Bitcoin Investment Risk: The Fund's indirect investment in bitcoin, through futures contracts and Underlying Funds, exposes it to the unique risks of this emerging innovation. Bitcoin's price is highly volatile, and its market is influenced by the changing bitcoin network, fluctuating acceptance levels, and unpredictable usage trends. Not being a legal tender and operating outside central authority systems like banks, bitcoin faces potential government restrictions. The value of bitcoin has historically been subject to significant speculation, making trading and investing in bitcoin reliant on market sentiment rather than traditional fundamental analysis.Blockchain Technology Risk: Blockchain technology, which underpins bitcoin and other digital assets, is relatively new, and many of its applications are untested. The adoption of blockchain and the development of competing platforms or technologies could affect its usage. You could lose all or substantially all of your investment in the Fund should the Fund's trading positions suddenly turn unprofitable. The net asset value of the Fund while employing leverage will be more volatile and sensitive to market movements.Leverage Risk. As part of the Fund's principal investment strategy, the Fund will make investments in futures contracts. These derivative instruments provide the economic effect of financial leverage by creating additional investment exposure to the underlying instrument, as well as the potential for greater loss.Tidal Investments, LLC (“Tidal”) serves as investment adviser to the Funds and the Funds' Subsidiary. Newfound Research LLC (“Newfound”) serves as investment sub-adviser to the Funds.ReSolve Asset Management SEZC (Cayman) (“ReSolve”) serves as futures trading advisor to the Return Stacked® Bonds & Managed Futures ETF, the Return Stacked® U.S. Stocks and Managed Futures ETF, the Return Stacked® U.S. Stocks &...

Rodrigo Gordillo, Corey Hoffstein, and Adam Butler review the Q3 2025 performance of their ETF suite, drawing from the latest Return Stacked® ETFs Quarterly Performance Report. The discussion explores the strategies and use cases for each capital-efficient fund, from the core stock/bond RSSB to the newer gold and Bitcoin-focused RSSX. They delve into the underlying mechanics of the stacked strategies, including trend following replication, merger arbitrage, and the concept of portable alpha. This quarterly analysis provides a detailed look at how each fund has performed and is positioned within the broader framework of Return Stacking.Topics Discussed• An overview of the Return Stacking ETF suite's growth to over one billion dollars in assets under management• The capital efficiency and diverse use cases of the RSSB fund, which provides 100/100 exposure to global stocks and bonds• A detailed look at the blended replication approach used to track the trend following managed futures category in RSST and RSBT• The role of the futures yield (carry) strategy as a low-correlation diversifier to trend following• Positioning the RSBA merger arbitrage fund as an alternative to traditional corporate credit, especially with credit spreads at historic lows• Managing exposure to gold and Bitcoin in the RSSX fund through an active inverse volatility weighting strategy• The practical benefits of pre-stacked solutions for advisors, such as simplified implementation and automated rebalancing• A review of recent performance drivers, including the resurgence in trend following and the lifecycle of merger arbitrage dealsRSST – https://www.returnstackedetfs.com/rsst-return-stacked-us-stocks-managed-futures/RSIT - https://www.returnstackedetfs.com/rsit-international-stocks-managed-futures/RSBT – https://www.returnstackedetfs.com/rsbt-return-stacked-bonds-managed-futures/RSSY – https://www.returnstackedetfs.com/rssy-return-stacked-us-stocks-futures-yield/RSBY – https://www.returnstackedetfs.com/rsby-return-stacked-bonds-futures-yield/RSBA – https://www.returnstackedetfs.com/rsba-return-stacked-bonds-merger-arbitrage/RSSB – https://www.returnstackedetfs.com/rssb-return-stacked-global-stocks-bonds/RSSX – https://www.returnstackedetfs.com/rssx-return-stacked-us-stocks-gold-bitcoin/BTGD – https://quantifyfunds.com/stackedbitcoingoldetf/btgd/DefinitionsA Basis Point is equal to 0.01% and is commonly used to express changes in interest rates, fees, or investment returns. For example, 50 basis points equals 0.50%.Duration refers to the average life of a debt instrument and serves as a measure of that instrument's interest rate risk.Standard Deviation is a statistical measure of how much an investment's returns vary from its average over time, indicating the degree of volatility or risk*The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost, and current performance may be lower or higher than the performance quoted above.** Investors should carefully consider the investment objectives, risks, charges and expenses of the Return Stacked® ETFs. This and other important information about the ETFs is contained in their prospectuses, which can be obtained by calling 1-844-737-3001 or clicking here. The prospectuses should be read carefully before investing. Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns.Tidal Investments, LLC (“Tidal”) serves as investment adviser to the Funds and the Funds' Subsidiary.Newfound Research LLC (“Newfound”) serves as investment sub-adviser to the Funds.ReSolve Asset Management SEZC (Cayman) (“ReSolve”) serves as futures trading advisor to the Return Stacked® Bonds & Managed Futures ETF, the Return Stacked® U.S. Stocks and Managed Futures ETF, the Return Stacked® U.S. Stocks & Futures Yield ETF, the Return Stacked® Bonds & Futures Yield ETF, and their respective Subsidiaries.Quantify Chaos Advisors, LLC (“Quantify”) has entered into a brand licensing agreement with Newfound Research LLC (“Newfound”) and ReSolve Asset Management SEZC (Cayman) (“ReSolve”), granting the Quantify the right to use the “STKd” brand, a derivative of Return Stacked®. Neither the Trust nor the Adviser is a party to this agreement. In exchange for the branding rights, Quantify will pay Newfound and ReSolve a fee based on a percentage of the Fund's unitary management fee.Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns. Bitcoin Investment Risk: The Fund's indirect investment in bitcoin, through futures contracts and Underlying Funds, exposes it to the unique risks of this emerging innovation. Bitcoin's price is highly volatile, and its market is influenced by the changing bitcoin network, fluctuating acceptance levels, and unpredictable usage trends. Not being a legal tender and operating outside central authority systems like banks, bitcoin faces potential government restrictions. The value of bitcoin has historically been subject to significant speculation, making trading and investing in bitcoin reliant on market sentiment rather than traditional fundamental analysis. Blockchain Technology Risk: Blockchain technology, which underpins bitcoin and other digital assets, is relatively new, and many of its applications are untested. The adoption of blockchain and the development of competing platforms or technologies could affect its usage. Derivatives Risk: Derivatives are instruments, such as futures contracts, whose value is derived from that of other assets, rates, or indices. The use of derivatives for non-hedging purposes may be considered to carry more risk than other types of investments. Digital Asset Risk: Digital assets like bitcoin, designed as mediums of exchange, are still an emerging asset class and are not presently widely used as such. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility. Gold Investment Risks: The Fund will not invest directly in gold but will gain exposure through gold futures contracts and Underlying Funds. These investments are subject to significant risk due to the inherent volatility and unpredictability of the commodities markets. The value of these investments is typically derived from the price movements of physical gold or related economic variables. Leverage Risk: As part of the Fund's principal investment strategy, the Fund will make investments in futures contracts to gain long and short exposure across four major asset classes (commodities, currencies, fixed income, and equities). These derivative instruments provide the economic effect of financial leverage by creating additional investment exposure to the underlying instrument, as...

Strategic Diversification with Gold and Bitcoin using Return Stacked U.S. Stocks & Gold/Bitcoin Ticker (RSSX).00:00 Introduction to Strategic Gold and Bitcoin Stacking01:32 The Case for Gold and Bitcoin Diversification02:47 Understanding Return Stacking and Portable Alpha04:33 Position Sizing for Gold and Bitcoin05:59 RSSX ETF: Gold and Bitcoin Overlay08:53 Implementation and Rebalancing Strategies14:29 Behavioral and Regulatory PerspectivesDescription: Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please click here (https://www.returnstackedetfs.com/rssx-return-stacked-us-stocks-gold-bitcoin/) Read the prospectus or summary prospectus carefully before investing. Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns. Toroso Investments, LLC (“Toroso”) serves as investment adviser to the Funds and the Funds' Subsidiary. Newfound Research LLC (“Newfound”) serves as investment sub-adviser to the Funds. ReSolve Asset Management SEZC (Cayman) (“ReSolve”) serves as futures trading advisor to the Fund and the Funds' Subsidiary. Foreside Fund Services, LLC is the distributor for the Funds. Foreside is not related to Toroso, Newfound, or ReSolve.Definitions: Alpha: refers to returns above that of a passive market benchmarkTracking error is the variability in the difference between a strategy's returns and the investor's benchmark returns.

In this episode, Rodrigo Gordillo, Mike Philbrick, and Adam Butler from ReSolve Asset Management Global explore the timely relevance of managed futures, examining why the current macroeconomic environment may be particularly favorable for these strategies. They discuss recent drawdowns, the uncorrelated nature of trend and carry strategies, and the importance of diversification. The conversation also covers the benefits of strategic overlaying in portfolios, the impact of policy shocks, and the potential for managed futures to add value in various market conditions, including inflationary periods.

In this episode, Corey Hoffstein and Adam Butler take you inside the latest Q2 commentary on the Return Stacked® ETF suite. They break down key strategies behind ETFs like RSSX, RSSB, RSBT, and RSST—covering everything from performance differentials in trend strategies to the mechanics of trend model replication.You'll hear sharp analysis of return stack carry funds, year-to-date performance, and how they behave in multi-asset portfolios. The hosts also explore fixed income sector positioning, the role of energy exposure, and why merger arbitrage deserves a closer look as a diversifier. The episode wraps with the new RSSX ETF, blending U.S. stocks, gold, and Bitcoin to meet evolving market demands.*The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost, and current performance may be lower or higher than the performance quoted above.RSSX does not invest directly in Bitcoin or Gold.For prospectus, performance and risks visit the fund pages. RSST – https://www.returnstackedetfs.com/rsst-return-stacked-us-stocks-managed-futures/RSIT - https://www.returnstackedetfs.com/rsit-international-stocks-managed-futures/RSBT – https://www.returnstackedetfs.com/rsbt-return-stacked-bonds-managed-futures/RSSY – https://www.returnstackedetfs.com/rssy-return-stacked-us-stocks-futures-yield/RSBY – https://www.returnstackedetfs.com/rsby-return-stacked-bonds-futures-yield/RSBA – https://www.returnstackedetfs.com/rsba-return-stacked-bonds-merger-arbitrage/RSSB – https://www.returnstackedetfs.com/rssb-return-stacked-global-stocks-bonds/RSSX – https://www.returnstackedetfs.com/rssx-return-stacked-us-stocks-gold-bitcoin/BTGD – https://quantifyfunds.com/stackedbitcoingoldetf/btgd/Forside Fund Services, LLC Distributor. (0:00) Introduction to the Get Stacked Investment Podcast and symposium announcement(5:49) Overview of new ETFs: RSSX, RSSB, RSBT, and RSST(10:29) Performance differentials in RSSB and trend strategies(18:00) Performance tracking and replication strategy of trend models(23:42) Analysis of performance drivers in trend strategy(29:22) Year-to-date return of the trend model and currency trends(31:17) Introduction to return stack carry funds and strategy primer(36:12) Performance and correlation of carry strategy since inception(39:15) Energy potential in portfolio and fixed income sector analysis(44:43) Combining trend and carry strategies in portfolio construction(48:59) Comparison with GSAM cross asset carry index(52:25) Bonds and merger arbitrage strategy introduction and explanation(56:37) Merger arbitrage as a diversifier and comparison with corporate bonds(59:53) Introduction and rationale behind RSSX: US stocks, gold, and Bitcoin ETF(1:07:37) Closing remarks and symposium reminder

In this episode, Rodrigo Gordillo, President of ReSolve Asset Management Global, and Mike Philbrick, CEO of ReSolve Asset Management Global unpack Ric Edelman's bold argument for allocating 10–40% of a portfolio to Bitcoin. They explore how Bitcoin is evolving from a fringe asset to a foundational one, discuss its role alongside gold, and examine the structural shifts—from regulatory clarity to ETF innovation—that are driving institutional adoption. If you're rethinking diversification in a changing economic landscape, this conversation delivers the key insights.

In this episode, Rodrigo Gordillo, President of ReSolve Asset Management Global, and Mike Philbrick, CEO of ReSolve Asset Management Global unpack Ric Edelman's bold argument for allocating 10–40% of a portfolio to Bitcoin. They explore how Bitcoin is evolving from a fringe asset to a foundational one, discuss its role alongside gold, and examine the structural shifts—from regulatory clarity to ETF innovation—that are driving institutional adoption. If you're rethinking diversification in a changing economic landscape, this conversation delivers the key insights.(0:00) Introduction to the Get Stacked Investment Podcast(2:45) Introduction of podcast hosts and disclaimers(3:33) Bitcoin as a digital hard currency compared to gold(7:22) Regulatory clarity and adoption of Bitcoin in portfolios(10:01) Evolving landscape for Bitcoin in traditional finance(13:11) Risk premium of non-cashflow assets(20:05) Benefits and methods of return stacking with Bitcoin(24:34) Behavioral biases in long-term Bitcoin allocation(26:28) Portfolio construction and the Bitwise paper on Bitcoin(31:16) Adjusting portfolios for inflation expectations(33:15) Risk budgeting with alternative assets like gold and Bitcoin(37:10) Using volatility as a heuristic for allocation(39:06) Global adoption and diversification with real assets(41:13) Research resources and concluding remarks

In this special interview, Corey Hoffstein sits down with Advisor Analyst to discuss merger arbitrage and its role in portfolio diversification. Corey breaks down how investors can capture the residual spread in merger deals, comparing the strategy to traditional credit markets, and explaining how return stacking and portable alpha can enhance portfolio efficiency. Originally recorded for Advisor Analyst (advisoranalyst.com), this conversation offers valuable insights for investors exploring alternative risk premia and advanced portfolio construction techniques.

In this exclusive interview hosted by Advisor Analyst (advisoranalyst.com), Adam Butler dives deep into the mechanics of diversified carry strategies, cross-asset risk management, and return stacking. Adam unpacks the technical and practical definitions of carry, explains how the strategy operates across currencies, bonds, equities, and commodities, and explores how combining carry with trend following and managed futures can provide stable, risk-adjusted returns across economic cycles.

Investors seeking exposure to alternatives like gold and Bitcoin face a tough tradeoff: diversify or stay fully invested in stocks and bonds. What if you didn't have to choose? In this episode, we unveil Return Stacked® U.S. Stocks & Gold/Bitcoin (RSSX) - an ETF designed to deliver long-term capital appreciation by stacking diversified exposures on top of traditional equity allocations. Discover how RSSX leverages capital-efficient strategies to provide $1 of exposure to U.S. large-cap stocks plus $1 of exposure to a Gold/Bitcoin mix - all for every $1 invested. We'll walk through the mechanics, behavioral advantages, and real-world application of the latest return-stacking innovation. Whether you're an advisor looking to optimize client portfolios or an investor seeking smarter diversification, this session is a must-listen.

Investors seeking exposure to alternatives like gold and Bitcoin face a tough tradeoff: diversify or stay fully invested in stocks and bonds. What if you didn't have to choose?In this episode, we unveil Return Stacked® U.S. Stocks & Gold/Bitcoin (RSSX) - an ETF designed to deliver long-term capital appreciation by stacking diversified exposures on top of traditional equity allocations.Discover how RSSX leverages capital-efficient strategies to provide $1 of exposure to U.S. large-cap stocks plus $1 of exposure to a Gold/Bitcoin mix - all for every $1 invested. We'll walk through the mechanics, behavioral advantages, and real-world application of the latest return-stacking innovation.Whether you're an advisor looking to optimize client portfolios or an investor seeking smarter diversification, this session is a must-listen.*For the RSSX prospectus and risk disclosures, visit: https://www.returnstackedetfs.com/rssx-return-stacked-us-stocks-gold-bitcoin/**Exposures to gold and bitcoin will be done via exchange-traded funds and futures contracts, hence the fund does not invest directly in bitcoin or any other digital asset, and does not invest directly in gold or gold bullion.***Standard deviation measures the volatility of an investment's returns, indicating how much they typically vary from the average. ****Investors should carefully consider the investment objectives, risks, charges, and expenses of the Return Stacked® U.S. Stocks & Gold/Bitcoin ETF. This and other important information about the ETF is contained in the prospectus, which can be obtained by calling 1-844-737-3001 or clicking here. The prospectus should be read carefully before investing.*****Quantify Chaos Advisors, LLC ("Quantify") has entered into a brand licensing agreement with Newfound Research LLC ("Newfound") and ReSolve Asset Management SEZC (Cayman) ("ReSolve"), granting the Quantify the right use the "STKd" brand, a derivative of Return Stacked®. Neither the fund trust nor the investment adviser is a party to this agreement. In exchange for the branding rights, Quantify will pay Newfound and ReSolve a fee based on a percentage of the fund's unitary management fee. Distributed by Foreside Fund Services, LLC.(0:00) Introduction to Return Stacking Symposium and Podcast(2:02) Introduction of hosts and guest speaker with overview of ReturnsTac Suite of Funds(3:29) Discussion on US Stocks and Gold Bitcoin ETF (RSSX) and diversification strategies(7:11) Explanation and practical implementation of return stacking(11:34) Strategy design for gold and Bitcoin allocation(24:12) Portfolio implementation with RSSX, strategy overview, and rebalancing(26:23) Q&A introduction, sponsor message, and rebalancing frequency(27:28) Borrowing costs, allocation structure, and risk weighting(34:22) Comparison between RSSX and BTGD, and impact of borrowing costs(39:25) Risk premium expectations for gold and Bitcoin(45:50) Tax efficiency, ETF liquidity, and fee structure(49:11) Portfolio sizing, volatility, and currency hedging(52:15) Hedged ETF costs, drawdowns, and portfolio impact(55:30) Upcoming resources and gold investment skepticism(57:51) Portfolio construction, hedging benefits, and closing remarks

In this episode hosts Mike Philbrick and Rodrigo Gordillo welcome Mark Valek, partner at Incrementum AG and co-author of the acclaimed In Gold We Trust report. Mark, a seasoned macro investor with decades of expertise at the intersection of gold, monetary policy, and systemic risk, offers deep insights into the evolving roles of gold and Bitcoin. The discussion covers a diverse range of topics including macro investing, fiscal dominance, central bank gold accumulation, innovative portfolio allocations, and the emergence of Bitcoin as digital gold.

In this episode hosts Mike Philbrick and Rodrigo Gordillo welcome Mark Valek, partner at Incrementum AG and co-author of the acclaimed In Gold We Trust report. Mark, a seasoned macro investor with decades of expertise at the intersection of gold, monetary policy, and systemic risk, offers deep insights into the evolving roles of gold and Bitcoin. The discussion covers a diverse range of topics including macro investing, fiscal dominance, central bank gold accumulation, innovative portfolio allocations, and the emergence of Bitcoin as digital gold.(0:00) Introduction and Event Announcement(3:04) Introduction of Guest Mark Valek(3:50) "The Big Long" Concept and Central Banks' Role(7:55) Sanctions Impact on Trust and Rise in Gold Purchases(11:33) Fiscal Dominance and Gold's Monetary Role(22:10) Gold Price Stability Amid Quantitative Tightening(28:28) Inflation and Gold Market Projections(33:13) Gold Allocation in Diversified Portfolios(41:31) Gold vs. Bitcoin: Asset Comparison(45:47) Bitcoin Adoption and Market Outlook(51:27) Integrating Gold and Bitcoin in Investment Strategies(53:26) Rethinking the Traditional Investment Portfolio(55:37) Exploring Alternative Assets(58:15) Structuring the New Age Portfolio(59:54) Closing Insights on Portfolio Performance(1:00:13) Guest Information and Incrementum Insights(1:01:40) Outro and Listener Engagement

Return Stacked is back with a deep dive into the world of alternative assets, featuring Mike Philbrick—CEO of ReSolve Asset Management and co-founder of Return Stacked ETFs, and Rodrigo Gordillo, President of ReSolve Asset Management and co-founder of Return Stacked ETFs, both of whom are recognized voices in asset management and diversification. In this engaging episode, Mike and Rodrigo explore a broad range of topics, including gold's structural fundamentals, bitcoin's emerging role, portfolio diversification techniques, behavioral biases, and the macro trends shaping global investment strategies.

Return Stacked is back with a deep dive into the world of alternative assets, featuring Mike Philbrick—CEO of ReSolve Asset Management and co-founder of Return Stacked ETFs, and Rodrigo Gordillo, President of ReSolve Asset Management and co-founder of Return Stacked ETFs, both of whom are recognized voices in asset management and diversification. In this engaging episode, Mike and Rodrigo explore a broad range of topics, including gold's structural fundamentals, bitcoin's emerging role, portfolio diversification techniques, behavioral biases, and the macro trends shaping global investment strategies.(0:00) Event invitation and podcast introduction(2:30) Episode focus: Gold, Bitcoin, and precious metals(3:03) Historical perspective on gold and its value(5:34) Gold's market dynamics and institutional interest(10:36) Structural reasons for gold's performance and public participation(17:01) Integrating gold into portfolios and comparison with other asset classes(23:27) Future prospects for gold mining stocks(24:33) Bitcoin as the digital counterpart to gold(26:13) Bitcoin vs. gold: Volatility and allocation strategies(30:34) Return stacking in portfolio construction(33:28) Rebalancing strategies with gold and Bitcoin(36:03) Institutional adoption of Bitcoin and gold(38:18) Behavioral finance in commodity investing(44:06) Incorporating non-correlated assets into portfolios(49:32) Developing intuition for emerging asset classes(51:01) Audience questions on volatility and leverage(55:28) Managing risk and avoiding excessive leverage(56:22) Seasonal gold investment strategies(57:00) Leveraging borrowing costs for capital efficiency(58:38) Diversifying with return stacking across asset classes(59:01) Contact information and episode disclaimer(59:48) Closing remarks and next steps

Return Stacked is back with a deep dive into the world of alternative assets, featuring Mike Philbrick—CEO of ReSolve Asset Management and co-founder of Return Stacked ETFs, and Rodrigo Gordillo, President of ReSolve Asset Management and co-founder of Return Stacked ETFs, both of whom are recognized voices in asset management and diversification. In this engaging episode, Mike and Rodrigo explore a broad range of topics, including gold's structural fundamentals, bitcoin's emerging role, portfolio diversification techniques, behavioral biases, and the macro trends shaping global investment strategies.

In this episode, Rodrigo Gordillo sits down with Rafael Ortega, a distinguished Spanish investor and Senior Investment Fund Manager at Andbank Wealth Management. Known for pioneering innovative portfolio solutions in Spain—from the classic permanent portfolio to advanced return stacking and off-road strategies—Rafael discusses a wide range of topics including diversification, structural risk balancing, leveraging, regulatory hurdles, and the future of portable alpha in today's dynamic markets.

In this episode, Rodrigo Gordillo sits down with Rafael Ortega, a distinguished Spanish investor and Senior Investment Fund Manager at Andbank Wealth Management. Known for pioneering innovative portfolio solutions in Spain—from the classic permanent portfolio to advanced return stacking and off-road strategies—Rafael discusses a wide range of topics including diversification, structural risk balancing, leveraging, regulatory hurdles, and the future of portable alpha in today's dynamic markets.(0:00) Event announcement: Return Stacking Symposium at Cboe Global Markets(0:44) Introduction to the Get Stacked Investment Podcast and Guest Rafael Ortega(3:40) Discussion on return stacking and balanced portfolio approaches(5:09) Rafael Ortega's journey from engineering to investment management(8:56) Exploring Harry Brown's permanent portfolio concept(12:16) Asset performance across different economic cycles(17:52) Building a community around structural diversification(22:49) Rafael Ortega on the challenges and opportunities with conservative strategies(26:40) Risk balancing and the impact of volatility on returns(32:04) Understanding the concept of return stacking(34:14) Tackling operational and compliance challenges in investment management(37:02) Examining the role of leverage in diversified portfolios(40:23) Comparing drawdown recovery: S&P 500 vs. diversified portfolios(45:07) Educating investors on the value of diversification(47:21) Debunking misconceptions about all terrain portfolios(48:09) The long-term benefits of a more efficient portfolio(52:43) Managing emotions during market downturns(54:53) Resilience of leveraged portfolios(57:00) Predicting the mainstream adoption of diversifiers(59:30) Tailoring investment strategies to different investor profiles(1:01:00) Growing interest in return stacking and portable alpha(1:03:04) Navigating regulatory challenges in investment strategies(1:06:26) Prospects for the long-term adoption of return stacking(1:07:42) Closing remarks and Rafael Ortega's online presence(1:09:19) Outro and call to action

In this episode, Rodrigo Gordillo sits down with Rafael Ortega, a distinguished Spanish investor and Senior Investment Fund Manager at Andbank Wealth Management. Known for pioneering innovative portfolio solutions in Spain—from the classic permanent portfolio to advanced return stacking and off-road strategies—Rafael discusses a wide range of topics including diversification, structural risk balancing, leveraging, regulatory hurdles, and the future of portable alpha in today's dynamic markets.

As financial advisors, we know clients struggle to stay the course with liquid diversifying investments, especially when 60/40 portfolios have been strong.RGBM ETF offers a solution: a 100% global balanced strategy stacked with an additional 100% systematic macro strategy.This 2 for 1 combination is designed to help deliver the diversification your clients may need in a solution they can actually stick to. In this podcast, we explore how RGBM's unique 'return stacking' approach can improve portfolio resilience and client outcomes. Learn how it minimizes the behavioral challenges of owning diversifying assets.(0:00) Event invitation, speaker announcements, and registration details(0:46) Podcast introduction, purpose, and disclaimer(2:03) Introduction of hosts and overview of ReturnsTact funds(3:14) Return Stack Global Balanced and Macro ETF (RGBM) discussion(3:50) Explanation and benefits of return stacking(11:29) Practical implementation and key components of RGBM(14:08) Tax efficiency and systematic versus fundamental macro(16:46) Risk management and historical performance of systematic macro(21:19) Behavioral aspects and balanced allocation in RGBM(24:11) Capital efficient exposure to global equities and bonds(29:52) Conditional correlation and deploying investment dollars(32:09) Strategies for competitive returns and managing alternatives(35:01) Using RGBM for younger clients and rebalancing benefits(40:32) Long-term objectives and underlying markets of RGBM(43:05) Differences between RGBM and hedge fund strategies(45:01) Historical performance and future plans for Resolve's products(48:35) Closing remarks and resources(49:51) Product brief importance and final points(50:55) Encouragement to rate and review the podcast

As financial advisors, we know clients struggle to stay the course with liquid diversifying investments, especially when 60/40 portfolios have been strong. RGBM ETF offers a solution: a 100% global balanced strategy stacked with an additional 100% systematic macro strategy. This 2 for 1 combination is designed to help deliver the diversification your clients may need in a solution they can actually stick to. In this podcast, we explore how RGBM's unique 'return stacking' approach can improve portfolio resilience and client outcomes. Learn how it minimizes the behavioral challenges of owning diversifying assets.

As financial advisors, we know clients struggle to stay the course with liquid diversifying investments, especially when 60/40 portfolios have been strong. RGBM ETF offers a solution: a 100% global balanced strategy stacked with an additional 100% systematic macro strategy. This 2 for 1 combination is designed to help deliver the diversification your clients may need in a solution they can actually stick to. In this podcast, we explore how RGBM's unique 'return stacking' approach can improve portfolio resilience and client outcomes. Learn how it minimizes the behavioral challenges of owning diversifying assets.

Join us for an engaging live session as Rodrigo Gordillo, President and Portfolio Manager at ReSolve Asset Management Global, Corey Hoffstein, Chief Investment Officer of Newfound Research, and Adam Butler, CIO of ReSolve Asset Management Global, discuss recent macroeconomic events and their impact on managed future strategies, specifically trend following and multi-asset carry models. In this video, the panel analyzes key market-moving stories from the past few weeks, including European regulatory reforms, German fiscal stimulus, and international tariff battles. They also explore the recent performance and adjustments in their systematic strategies, providing valuable insights for advisors and investors navigating today's volatile market environment.

In today's ever-evolving investment landscape, finding compelling alternatives to traditional fixed income is critical for building resilient portfolios. Enter RSBA, a first-of-its-kind ETF that combines U.S. Treasuries with a merger arbitrage strategy to offer what we believe is a smarter approach to fixed-income diversification.

Finding alpha is notoriously difficult. Instead of trying to pick stocks better, what if you simply added the return of high-conviction, alternative strategies on top of your asset allocation? That's the opportunity portable alpha unlocks for allocators. Join us for an exclusive podcast where we reveal how capital-efficient ETFs can be used to “port” the returns of any alternative investment on top of your asset allocation.

In today's complex market environment, finding genuine diversification and consistent returns has become increasingly challenging. What if you could harness two of the least correlated strategies to traditional portfolios available to investors today? Join us for an exclusive podcast where Rodrigo Gordillo, Portfolio Manager and co-founder of Return Stacked ETFs, reveals how combining trend following and carry strategies as stacks may create a whole that is much greater than the sum of their parts.

In this episode of ETF Spotlight, host Neena Mishra discusses Return Stacking with Rodrigo Gordillo, President and Portfolio Manager of Resolve Asset Management. The conversation delves into the concept of Return Stacking, also known as Portable Alpha, which uses leverage to enhance returns and diversify portfolios.

In this episode, we delve into the world of portable alpha and risk management with John Glidden, a seasoned investor with over a decade of experience. John shares his journey from his early days in Newport News, Virginia, to his current role in managing billions of dollars. We explore the intricacies of portable alpha, the role of hedge funds, and the importance of governance buy-in.

Portable alpha (or as we like to call it: Return Stacking) has become increasingly popular in the financial media (including recent notes from industry giants like BlackRock, Russell Investments, and AQR) but many advisors are left asking: What does portable alpha mean? How might it benefit clients? How can I implement it? At Return Stacked Portfolio Solutions we have made it our mission to thoughtfully and transparently help allocate into a portable alpha framework for client portfolios. Join us for this deep dive podcast with Corey Hoffstein, CIO of Newfound Research, and Rodrigo Gordillo, President and Portfolio Manager at ReSolve Asset Management Global.

Join Corey Hoffstein, Rodrigo Gordillo, and Mike Philbrick for a special live episode of the Get Stacked podcast, aired on August 6, 2024. This episode dives deep into recent significant market events, discussing the Nikkei's historic 12.5% drop, the yen's trend reversals, and market volatility. AGENDA: - Global Macro Update - Broad expectations of Return Stacking during abrupt market selloffs - Brief discussion on how different stacks are responding in this environment - Q&A from the Audience

In this episode, the Get Stacked team, consisting of Rodrigo Gordillo, Corey Hoffstein, Adam Butler and Mike Philbrick delve into the intricacies of Return Stacking, market trends, and the impact of taxes on investment strategies. They provide detailed insights into their research and findings, discussing the implications of their work for the investment landscape.

Corey Hoffstein, Adam Butler, and Michael Philbrick join Rodrigo Gordillo to discuss trend replication, private equity's role in modern portfolios, and the impact of large AUM on trend following. They explore balancing alpha generation with risk management, optimal allocation, and leveraging through treasury futures.

In this episode, Corey Hoffstein from Newfound Research, and Rodrigo Gordillo and Adam Butler of Resolve Asset Management Global, discuss the concept of return stacking and its implications for investors. They delve into the challenges of beating the large cap U.S. equities market, the shift in conversations about return stacking from risk management to creating excess returns, and the potential of diversification in generating consistent positive excess returns.Topics Discussed• The difficulties of beating the large cap U.S. equities market and the need for diversification• The shift in conversations about return stacking from risk management to creating excess returns• The potential of diversification in generating consistent positive excess returns• The idea of dictum in the markets and the difference between behavioral time and statistical time• The concept of risk parity and the importance of maintaining balance in portfolio risk• The role of trend following in risk management and return stacking• The potential of stacking strategies in enhancing portfolio returns• The structural challenges in implementing return stacked strategies in portfolios• The importance of diversification in ensuring investment successThis episode provides valuable insights into the concept of return stacking and its potential in enhancing portfolio returns. It is a must-listen for investors interested in diversification strategies and the future of investment management.