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CTAP vs RSBA

Simplify US Equity PLUS Managed Futures Strategy ETF

CTAPANYSE Arca

Return Stacked Bonds & Merger Arbitrage ETF

RSBADCboe

Overlap

Expense ratio

CTAP −0.88pt a year

CTAP0.13%RSBA1.01%

Avg volume · 30D

CTAP 6.5×the volume

CTAP86.8KRSBA13.4K

CTAP vs RSBA Performance

Dec 31, 2025 – Nov 2, 2026

+12.8%CTAP−1.6%RSBA

Dec 31, 2025 to Nov 2, 2026. CTAP +12.8%. RSBA −1.6%. Use the arrow keys to read each point.5%20%25%Dec 2025Jun 2026Nov 2026
Expense ratio
CTAP 0.13%, better
RSBA 1.01%
Fund size
CTAP $167M
RSBA $53M
1Y total return
CTAP No data
RSBA −1.3%
Yield (12M)
CTAP No data
RSBA 3.43%
Holdings
CTAP 42
RSBA 11
Avg volume (30D)
CTAP 86.8K sh, better
RSBA 13.4K sh
NAV per share
CTAP $30.26
RSBA $20.47
52W range

ETF.net Grade

CTAP: Cost 100, Risk 45, Mission not scored, Tradability 67, Holdings 42, Durability 59. RSBA: Cost 17, Risk 60, Mission not scored, Tradability 46, Holdings not scored, Durability 30.
Pillar letters and Scores for CTAP, RSBA, with each pillar’s weight
PillarCTAPRSBA
Cost30% weightA100HigherF17
Mission25% weightNot scoredNot scored
Risk15% weightC45B60Higher
Tradability15% weightB67HigherC46
Holdings10% weightC42Not scored
Durability5% weightB59HigherD30

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. CTAP and RSBA 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 RSBA 18th 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 16DRSSXReturn Stacked U.S. Stocks & Gold/Bitcoin ETFScore 35
  5. Rank 18DRSBAReturn Stacked Bonds & Merger Arbitrage ETFScore 34
  6. Rank 19DBTABeacon Tactical Alternatives Risk ETFScore 29

Our read on each fund

ETF.net Research

CTAPASimplify US Equity PLUS Managed Futures Strategy ETF

RSBADReturn Stacked Bonds & Merger Arbitrage ETF

In short

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.

RSBA No data

Stated mandate

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

RSBA No data

Why people hold it

  • 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.

RSBA No data

Worth knowing

  • 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

RSBA No data

Full CTAP profile⁠

Full RSBA profile⁠

CTAP vs RSBA 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.

CTAP vs RSBA Cost

Overpaying RSBA vs CTAP

$16,124

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

  • CTAP 0.13%

    $2,726

  • RSBA 1.01%

    $18,850

$10,000
30 years

Cost over time

  • CTAP 0.13%
  • RSBA 1.01%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530RSBA $18,850CTAP $2,726

Year by year

YearCTAPRSBAOverpaying
10$238$1,780$1,542
20$930$6,686$5,756
30$2,726$18,850$16,124

Expense ratio

  • 0.13%CTAP, cheaper
  • 1.01%RSBA
  • Middle half of Capital-Efficient Allocation funds
  • Median 0.67%

CTAP cheapest of 19 funds

RSBA 15th cheapest of 19 funds

CTAP vs RSBA Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
CTAP No data
RSBA 3.43%
Payout (12M)
CTAP No data
RSBA $0.70
Last payment
CTAP $0.30
RSBA $0.70
Ex-dividend
CTAP Sep 25, 2026
RSBA Dec 29, 2025
Paid on
CTAP Sep 30, 2026
RSBA Dec 30, 2025
Frequency
CTAP Quarterly
RSBA Annual

Distribution history

Per share, 2024 to 2026, same scale for both

CTAPQuarterly · 3 paymentsAll CTAP payments⁠
One bar per payment. 3 payments from 2024 to 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$0.502026YTD
RSBAAnnual · 2 paymentsAll RSBA payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 31, 2024 $0.003; Dec 29, 2025 $0.70. Use the arrow keys to read each point.$0$0.502026YTD

CTAP vs RSBA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CTAP No dataRSBA 4.9%since Jan 2025
Return per unit of riskSharpe ratio, 3 years
CTAP No dataRSBA −0.18since Jan 2025
Worst fallMax drawdown, 5 years
CTAP No dataRSBA −6.2%since Dec 2024
Market sensitivityBeta, 5 years
CTAP 1.34RSBA 0.04

CTAP and RSBA in the news

All news⁠

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