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OOSB — One+One™ S&P 500® and Bitcoin ETF

OOSB targets ~100% S&P 500 exposure alongside ~100% bitcoin futures in a single fund.

Equity Efficiency:A+Capital Efficiency grades how well this ETF delivers equity-side returns relative to the capital and beta it uses, with SPY as the B baseline. Leveraged ETFs score higher when they free up capital for an alpha sleeve. Long/short and factor ETFs are graded on excess return versus SPY, net of costs. OOSB targets ~100% S&P 500 notional alongside ~100% bitcoin futures: stacked large-cap U.S. beta plus digital-asset futures.Alpha Efficiency:DAlpha Efficiency grades the non-equity sleeve of this stacked ETF on return above its borrowing cost: that's the true hurdle for a futures overlay. A sleeve that only matches its financing cost adds no value; grades above B mean the overlay is genuinely earning its keep. The incremental sleeve is bitcoin futures stacked on the equity book. Futures funding, exchange limits, and path risk are the main non-equity levers.Stacked Efficiency:B+Stacked Efficiency blends Capital- and Alpha-bucket grades using the configured sleeve weights (50% capital / 50% alpha).

OOSB price history

Range
-25.86%
Total return (1Y)
OOSB

Total return (Yahoo adjusted close—dividends and splits per Yahoo), normalized to $10,000 at first available trade date. Educational only.

Strategy

OOSB swaps broad U.S. large-cap beta for Nasdaq in OOQB’s recipe—same stacking idea, different equity factor: you inherit S&P sector breadth (financials, industrials, defensives) alongside bitcoin’s idiosyncratic path.

Implementation still relies on futures/swap stacks; compare roll yields on S&P futures versus CME bitcoin contracts when contango/backwardation dominates P&L more than cash equity dividends.

Manager and Issuer Pedigree

Volatility Shares remains one of the few issuers repeatedly bringing “vol + crypto + equity stack” ideas to market quickly; regulators and exchanges treat these filings with scrutiny, so prospectus supplements are often the best real-time source for exposure caps.

Because OOQB and OOSB share sponsor DNA, stress-test them as siblings: if you own both, you may be doubling bitcoin risk while swapping Nasdaq for S&P—be explicit about the net macro bet.

Outperformance

Outperforms when the S&P grinds higher on broad earnings while bitcoin captures a parallel liquidity bid: diversification shows up when correlations stay below one even as both rise.

Underperforms when macro tightening hits every risk asset simultaneously: two high-beta sleeves in one wrapper, it needs orderly bull markets with functioning futures markets.

Similar ETFs

TickerNameScoreMERAUM
OOSBOne+One™ S&P 500® and Bitcoin ETFB+0.85%~$95M
RSSXReturn Stacked U.S. Stocks & Gold/Bitcoin ETFB+0.68%~$55M
SPBCSimplify US Equity PLUS Bitcoin Strategy ETFA0.54%~$45M

Official ETF page

Read the official ETF page for current NAV, holdings, and documents: Volatility Shares — SEC summary prospectus (OOSB).

Beta and MER may not be accurate.
Educational content only; not investment advice. Past performance does not guarantee future results.