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BTA vs CTAP

Beacon Tactical Alternatives Risk ETF

BTADNYSE Arca

Simplify US Equity PLUS Managed Futures Strategy ETF

CTAPANYSE Arca

Overlap

Expense ratio

CTAP −1.73pt a year

BTA1.86%CTAP0.13%

Avg volume · 30D

BTA 1.1×the volume

BTA94.9KCTAP86.8K

BTA vs CTAP Performance

Oct 2, 2026 – Nov 2, 2026

−1.0%BTA−6.4%CTAP

Oct 2, 2026 to Nov 2, 2026. BTA −1.0%. CTAP −6.4%. Use the arrow keys to read each point.−4%2%4%Oct 2Oct 16Nov 2
Expense ratio
BTA 1.86%
CTAP 0.13%, better
Fund size
BTA $26M
CTAP $167M
Holdings
BTA 11
CTAP 42
Avg volume (30D)
BTA 94.9K sh, better
CTAP 86.8K sh
NAV per share
BTA $25.87
CTAP $30.26
52W range

ETF.net Grade

BTA: Cost 0, Risk not scored, Mission 38, Tradability 87, Holdings 46, Durability 3. CTAP: Cost 100, Risk 45, Mission not scored, Tradability 67, Holdings 42, Durability 59.
Pillar letters and Scores for BTA, CTAP, with each pillar’s weight
PillarBTACTAP
Cost30% weightF0A100Higher
Mission25% weightD38Not scored
Risk15% weightNot scoredC45
Tradability15% weightA87HigherB67
Holdings10% weightC46HigherC42
Durability5% weightF3B59Higher

Rank among Capital-Efficient Allocation funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BTA and CTAP are both graded against the same 19 Capital-Efficient Allocation funds, so their Grades compare head to head.

Capital-Efficient Allocation⁠

Category · 19 funds
See all 19 ›

CTAP ranks 2nd and BTA 19th of 19 funds in the Capital-Efficient Allocation Category.

  1. Rank 1ANTSXWisdomTree U.S. Efficient Core FundScore 78
  2. Rank 2ACTAPSimplify US Equity PLUS Managed Futures Strategy ETFScore 71
  3. Rank 3BGDEWisdomTree Efficient Gold Plus Equity Strategy FundScore 69
  4. Rank 18DRSBAReturn Stacked Bonds & Merger Arbitrage ETFScore 34
  5. Rank 19DBTABeacon Tactical Alternatives Risk ETFScore 29

Our read on each fund

ETF.net Research

BTADBeacon Tactical Alternatives Risk ETF

CTAPASimplify US Equity PLUS Managed Futures Strategy ETF

In short

BTA No data

CTAP Most 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

BTA No data

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

Why people hold it

BTA No data

  • CTAP 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

BTA No data

  • CTAP 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

Full BTA profile⁠

Full CTAP profile⁠

BTA vs CTAP Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BTA vs CTAP Cost

Overpaying BTA vs CTAP

$28,415

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

  • BTA 1.86%

    $31,141

  • CTAP 0.13%

    $2,726

$10,000
30 years

Cost over time

  • BTA 1.86%
  • CTAP 0.13%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530BTA $31,141CTAP $2,726

Year by year

YearBTACTAPOverpaying
10$3,164$238$2,926
20$11,447$930$10,517
30$31,141$2,726$28,415

Expense ratio

  • 1.86%BTA
  • 0.13%CTAP, cheaper
  • Middle half of Capital-Efficient Allocation funds
  • Median 0.67%

CTAP cheapest of 19 funds

BTA 19th cheapest of 19 funds

BTA vs CTAP Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
BTA None
CTAP No data
Last payment
BTA No data
CTAP $0.30
Ex-dividend
BTA No data
CTAP Sep 25, 2026
Paid on
BTA No data
CTAP Sep 30, 2026
Frequency
BTA No data
CTAP Quarterly

Distribution history

Per share, 2026, same scale for both

BTAAll BTA payments⁠

No distribution history available.

CTAPQuarterly · 3 paymentsAll CTAP payments⁠
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.$0$0.252026YTD

BTA vs CTAP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
BTA 0.00CTAP 1.34

BTA and CTAP in the news

All news⁠

Popular comparisons

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