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Launched · SEC filings

Simplify US Equity PLUS Managed Futures Strategy ETF

CTAPNYSE ArcaSimplifyA

$28.06−2.18 (−7.21%)

As of Nov 2, 2026, 3:59 PM ET

A71/ 100

Rank 2 of 19 in Capital-Efficient Allocation

A71/100Rank 2 of 19inCapital-Efficient Allocation
Intraday session: down, 79 prints from 30.24 to 28.06. Range 28.01 to 29.06. Use the arrow keys to read each point.28.5029.0029.5010 AM12 PM2 PM4 PM
Expense ratio
0.13%
Fund size
$167M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
42
Avg volume · 30D
86.8K sh
52W range
low $24.80high $33.64
Launched
Filings
SEC EDGAR

The ETF.net CTAP Grade

Based on 5 of 6 pillars

A

Score 71 out of 100

Category
Capital-Efficient Allocation⁠
Rank
2 of 19
Six-pillar profile for CTAP. Scores out of 100: Cost 100, Risk 45, Mission not scored, Tradability 67, Holdings 42, Durability 59. Strongest: Cost (100). Weakest: Holdings (42). Based on 5 of 6 pillars.

Score 71 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A100 out of 100
    Rank 1 of 19

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C45 out of 100
    Rank 12 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B67 out of 100
    Rank 4 of 19

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C42 out of 100
    Rank 10 of 13

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B59 out of 100
    Rank 9 of 19

Our read on CTAP

ETF.net Research

In short

AMost capital-efficient funds stack bonds or gold on top of stocks. This one stacks a systematic long/short managed futures program: 100% equities plus 100% trend following in a single share, at 0.10% net of a waiver through December 4, 2026.

Stated mandate

The fund seeks long-term capital appreciation through two actively managed strategies: US large-cap equities and managed futures.

Why people hold it

  • Cheapest fee in its capital-efficient peer group: 0.10% net of a waiver through December 4, 2026 (0.28% gross), versus 0.20% for NTSX and 0.20% for GDE, neither of which is waived.
  • One share carries 100% large-cap US equity exposure plus 100% managed futures exposure, so the diversifier rides on top of the stock sleeve instead of replacing it.simplify.us
  • The trend engine isn't homemade. It's a swap on Simplify's CTA ETF, a long/short futures program designed by Altis Partners, a firm with 20 years in the category.businesswire.com
  • A below-median fee and a clean two-sleeve build put it among the stronger implementations in the capital-efficient multi-asset group.

Worth knowing

  • Stacking is leverage. Exposure runs to roughly twice assets via a total return swap, which magnifies losses if a sleeve falls and leaves the fund reliant on the counterparty paying.simplify.us
  • The futures sleeve is built for low correlation with stocks, not a timed hedge, so it can move against the equity leg in either direction.simplify.usbusinesswire.com
  • Launched in December 2025, so the operating history is short, and the prospectus classifies the fund as non-diversified.simplify.us

CTAP Performance

Launched Dec 8, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
CTAP$12,151
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. CTAP $12,151. SPY $11,169. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CTAP. Periods over one year show the average yearly return.
PeriodCTAP
Year to date+21.5%
1 month+3.1%
3 months+11.6%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CTAP
YearReturn barCTAP
2026 YTD+21.5%
2025+1.7%

History from Dec 10, 2025

CTAP in the news

CTAP Dividends

Last payment
$0.30 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Mar 26, 2026 $0.20; Jun 25, 2026 $0.30; Sep 25, 2026 $0.30. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 25, 2026Sep 30, 2026$0.30
Jun 25, 2026Jun 30, 2026$0.30
Mar 26, 2026Mar 31, 2026$0.20

CTAP Risk

Risk pillarC45 out of 100Rank 12 of 18 in Capital-Efficient Allocation
How much the fund’s monthly returns vary, scaled to a year.
Launched Dec 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Dec 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Dec 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.34
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

CTAP Cost

Cheapest in Capital-Efficient Allocation

$2,726

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CTAP 0.13%

    $2,726

$10,000
30 years

Cost over time

  • CTAP 0.13%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K051015202530CTAP $2,726

Year by year

YearCTAP
10$238
20$930
30$2,726

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