CTAP vs RSST

CTAPASimplify US Equity PLUS Managed Futures Strategy ETF

RSSTCReturn Stacked U.S. Stocks & 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.

RSST Return stacking, literally: RSST rides an actively managed futures program on top of a full U.S. equity portfolio, using leverage so one dollar does two jobs.

Stated mandate

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

RSST The Fund seeks long-term capital appreciation. It is actively managed and combines U.S. equity and managed-futures strategies, using leverage to stack approximately one dollar of exposure to each strategy.

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.

• RSST One dollar, two jobs: the U.S. equity sleeve stays fully invested while the managed futures strategy is stacked on top with leverage, not funded by selling stocks.
• Actively managed on both sides, so the futures sleeve can shift its positioning instead of tracking a fixed index.
• Easy to deal in for something this complicated: it sits among the smoother-trading names in its multi-asset peer group.

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

• RSST At 0.99% a year it runs above the typical multi-asset allocation fund. Simpler stackers like NTSX and GDE charge 0.20%.
• Leverage cuts both ways: a rough stretch for stocks and managed futures at the same time lands harder than either sleeve would alone.
• Launched in 2023 and structured as a commodity pool, so the record is short and the wrapper differs from a plain-vanilla stock ETF.

Full CTAP profile⁠

Full RSST profile⁠