Get Stacked Investment Podcast

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. (0:00) Event and registration details for the Return Stacking Symposium (0:46) Introduction and disclaimers (2:03) Overview of carry trade and its role in various asset classes (6:57) Diversification and risk management in carry strategies (10:00) Exploring the risk-reward balance in carry trade (12:08) Implementing global diversified carry strategies (15:06) Hedging and examples in carry strategy applications (17:54) Carry strategies for retail investors and market opportunities (21:42) Stock picking vs. carry and macro strategies (24:10) Closing remarks and call to action

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. *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 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. **Standard deviation measures the volatility of an investment’s returns, indicating how much they typically vary from the average. (0:00) Introduction and Event Announcement (2:02) Overview of ReturnsTac Funds and RSSX ETF (4:12) Historical Diversification and Introduction to Return Stacking (8:41) Benefits of Return Stacking for Outperformance (10:18) RSSX ETF Structure and Strategy Design (12:05) Combining Gold and Bitcoin in RSSX (20:12) Capital Efficiency and Risk Parity in the ETF (22:38) Volatility Measures and Trading Frequency (24:12) Portfolio Application of RSSX (25:53) Rebalancing, Tax Distribution, and Trading Costs (26:43) Audience Q&A and Contact Information (28:01) Portfolio Structuring with Futures and Spot Bitcoin (29:38) Tax Risks and RIC Status Structuring (30:32) Online ETF Holdings and Risk Weighting (33:21) Gold and Bitcoin Impact on Portfolios (35:27) Borrowing Costs and Excess Returns (38:24) Gold and Bitcoin Risk Premiums (41:24) Central Bank Demand and Gold Market Dynamics (42:43) Spot Gold ETFs and Futures Market Impact (44:24) Bitcoin ETF Efficiency and Tax Considerations (46:40) ETF Trading, Liquidity, and Fee Structure (49:11) Optimal Allocation and Volatility of Bitcoin and Gold (52:15) Currency Hedging Strategies (55:30) Upcoming Research on Gold and Bitcoin (56:15) Final Thoughts on Investment Strategies (57:51) Portfolio Construction 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. (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. (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

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

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

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. (0:00) Introduction and guest Adam Butler (2:15) Macroeconomic environment and market analysis (4:25) German fiscal stimulus and European policy changes (6:32) Volatility and major market moves (13:27) Multi-asset carry strategies and market impact (26:17) Risks and performance of carry strategies (34:13) Trend following managed futures discussion (36:46) Adjustments and reactions in trend following strategies (43:06) Trend vs. carry strategy comparison (46:38) Market headlines and investment principles (50:01) Client expectations and strategy management (51:55) Mean reversion and investment energy concepts (53:33) Advisor-client communication in volatile markets (55:10) Dealing with sensitive clients and diversification importance (57:26) Strategy non-correlation and regulatory insights (59:30) Closing remarks and listener engagement

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. 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 visit https://www.returnstackedetfs.com/rsba-return-stacked-bonds-merger-arbitrage. Read the prospectus or summary prospectus carefully before investing. 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. 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. Stacking does not guarantee outperformance and diversification does not guarantee a profit or prevent a loss. Merger-Arbitrage Risk. Merger-arbitrage investing involves the risk that the outcome of a proposed event, whether it be a merger, reorganization, or other event, will prove incorrect and that the Fund’s return on the investment will be negative, or that the expected event may be delayed or completed on terms other than those originally proposed, which may cause the Fund to lose money or fail to achieve a desired rate of return. For additional disclosures and risks, visit https://www.returnstackedetfs.com/rsba-return-stacked-bonds-merger-arbitrage/. Distributed by Foreside Fund Services, LLC. (0:00) Introduction and Overview of Return Stacking (4:02) The Problem Return Stacking Solves and Historical Performance Insights (8:14) Comparing Old vs. New World Investment Approaches (10:06) Exploring Stacking for Outperformance and Diversification (12:10) Deep Dive into RSBA ETF and Merger Arbitrage (15:54) Analyzing Merger Arbitrage Performance During Market Drawdowns (18:41) Merger Arbitrage vs. Credit Risk Premium and Bond Strategies (22:15) Understanding Merger Arbitrage and Its Legal Aspects (28:40) Alpha Beta Merger Arbitrage Index: Objectives and Mechanics (30:59) Insights on Portfolio Construction and Leverage Strategy (35:51) Deal Evaluation and Weight Adjustment in Merger Arbitrage (39:41) Q&A Session: Addressing Volatility and Tax Efficiency (42:46) Merger Arbitrage's Correlation with Other Investment Strategies (48:43) Comparing Different Styles of Merger Arbitrage Funds (51:04) Quantitative vs. Discretionary Approaches in Merger Arbitrage (54:13) Discussing Expected Drawdowns and Legal Constraints (56:41) Closing Remarks and Final Thoughts on Investment Strategies

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. 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 visit https://www.returnstackedetfs.com/rssb-return-stacked-global-stocks-bonds. Read the prospectus or summary prospectus carefully before investing. 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. 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. For additional disclosures and risks, visit https://www.returnstackedetfs.com/rssb-return-stacked-global-stocks-bonds. Distributed by Foreside Fund Services, LLC. (0:00) Introduction of hosts and podcast (0:31) Overview of return stack suite of ETFs and market demand (2:29) Introduction to RSSB, portable alpha, and diversification strategies (9:08) Financing costs, leveraging with futures, and benefits of portable alpha (17:38) RSSB's construction, capital efficiency, and practical applications (23:14) Comprehensive look at stacking strategies and live demonstration (27:10) Rebalancing, portfolio drift, and systematic macro strategies (29:47) Performance evaluation and impact of adding 20% stacks (32:43) Diversified alternatives and live audience interactions (36:26) Market neutral/long-short equity stack examples (38:44) Visualization and behavioral benefits of return stacking (47:12) How to use Portfolio Visualizer for individual strategies (48:02) Final thoughts on market outperformance with stacking (50:00) Extended audience Q&A on ETF specifics and bond considerations (52:08) US vs global bonds in RSSP and stacking pros & cons (55:03) Line item risk and behavioral aspects in portfolio construction (57:27) Closing remarks and resources for further learning

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. (0:00) Introduction and systematic macro strategies overview (1:44) Intuitive understanding of trend, carry, and futures markets (7:35) Combining trend and carry strategies: Benefits and theories (16:21) Trend following and futures yield measurement (20:24) Trend and carry strategies comparative analysis (25:02) Non-correlation of carry and trend with traditional assets (27:19) Strategy performance: Conditional correlations and calendar year returns (30:45) Carry strategy performance in various market conditions (34:16) Trend managers and volatility, carry in bear markets (42:47) Introduction to return stacking and implementation challenges (47:09) Behavioral and statistical benefits of return stacking (53:43) Traditional vs. return stacked portfolios comparison (56:38) Leveraging, diversification, and final thoughts on return stacking (1:00:30) Practical implementation and key takeaways (1:01:07) Audience Q&A session (1:08:20) Central bank policies and bond allocation in stack strategies (1:12:57) Wrap-up, final questions, and recent strategy performance (1:14:39) Closing remarks, apologies, and sign-off