CTAP vs RSBT

CTAPASimplify US Equity PLUS Managed Futures Strategy ETF

RSBTDReturn Stacked Bonds & Managed Futures 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.

RSBT Most portfolios make you choose: bonds, or a trend-following diversifier. RSBT stacks both on the same dollar, using leverage to run a bond strategy with a managed futures strategy inside one ticker.

Stated mandate

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

RSBT The Fund seeks long-term capital appreciation. It is an actively managed ETF combining a bond strategy with a Managed Futures strategy, using leverage to stack their returns.

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.

• RSBT One ticker doing two jobs: an actively managed bond strategy with a managed futures strategy stacked on top through leverage, so the diversifier doesn't displace the bond sleeve.
• Managed futures normally arrives as a separate line item you fund by selling something else. The stack builds that trade into the fund instead.
• Runs as a standard 1940 Act ETF, so the futures exposure comes without a limited partnership structure wrapped around it.
• Launched in 2023 as part of the small group of funds built explicitly around return stacking rather than plain asset-allocation slices.

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

• RSBT At 1.01%, it runs well above straight allocation peers (AOA at 0.19%, NTSX at 0.20%). Leverage plus active trend management carries a higher price tag.
• Stacking works both directions: leverage means the bond side and the trend side can move against you at the same time.
• A smaller, thinly traded fund, so spreads matter more here than in the category's giants, and distributions land once or twice a year rather than monthly.

Full CTAP profile⁠

Full RSBT profile⁠