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CTAP vs RSSX

Simplify US Equity PLUS Managed Futures Strategy ETF

CTAPANYSE Arca

Return Stacked U.S. Stocks & Gold/Bitcoin ETF

RSSXDCboe

Overlap

Expense ratio

CTAP −0.54pt a year

CTAP0.13%RSSX0.67%

Avg volume · 30D

CTAP 2.7×the volume

CTAP86.8KRSSX31.8K

CTAP vs RSSX Performance

Dec 31, 2025 – Nov 2, 2026

+12.8%CTAP−3.0%RSSX

Dec 31, 2025 to Nov 2, 2026. CTAP +12.8%. RSSX −3.0%. Use the arrow keys to read each point.−10%20%Dec 2025Jun 2026Nov 2026
Expense ratio
CTAP 0.13%, better
RSSX 0.67%
Fund size
CTAP $167M
RSSX $100M
1Y total return
CTAP No data
RSSX −4.7%
Holdings
CTAP 42
RSSX 7
Avg volume (30D)
CTAP 86.8K sh, better
RSSX 31.8K sh
NAV per share
CTAP $30.26
RSSX $24.60
52W range

ETF.net Grade

CTAP: Cost 100, Risk 45, Mission not scored, Tradability 67, Holdings 42, Durability 59. RSSX: Cost 47, Risk 9, Mission not scored, Tradability 39, Holdings not scored, Durability 39.
Pillar letters and Scores for CTAP, RSSX, with each pillar’s weight
PillarCTAPRSSX
Cost30% weightA100HigherC47
Mission25% weightNot scoredNot scored
Risk15% weightC45HigherF9
Tradability15% weightB67HigherD39
Holdings10% weightC42Not scored
Durability5% weightB59HigherD39

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 RSSX 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 RSSX 16th 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 16DRSITReturn Stacked International Stocks & Managed Futures ETFScore 35
  5. Rank 16DRSSXReturn Stacked U.S. Stocks & Gold/Bitcoin ETFScore 35
  6. Rank 18DRSBAReturn Stacked Bonds & Merger Arbitrage ETFScore 34

Our read on each fund

ETF.net Research

CTAPASimplify US Equity PLUS Managed Futures Strategy ETF

RSSXDReturn Stacked U.S. Stocks & Gold/Bitcoin 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.

RSSX No data

Stated mandate

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

RSSX 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.

RSSX 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

RSSX No data

Full CTAP profile⁠

Full RSSX profile⁠

CTAP vs RSSX 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 RSSX Cost

Overpaying RSSX vs CTAP

$10,348

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

  • CTAP 0.13%

    $2,726

  • RSSX 0.67%

    $13,074

$10,000
30 years

Cost over time

  • CTAP 0.13%
  • RSSX 0.67%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530RSSX $13,074CTAP $2,726

Year by year

YearCTAPRSSXOverpaying
10$238$1,198$960
20$930$4,568$3,638
30$2,726$13,074$10,348

Expense ratio

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

CTAP cheapest of 19 funds

RSSX 10th cheapest of 19 funds

CTAP vs RSSX Dividends

Last 12 months to Nov 2, 2026
Last payment
CTAP $0.30
RSSX $0.39
Ex-dividend
CTAP Sep 25, 2026
RSSX Dec 29, 2025
Paid on
CTAP Sep 30, 2026
RSSX Dec 30, 2025
Frequency
CTAP Quarterly
RSSX Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

CTAPQuarterly · 3 paymentsAll CTAP payments⁠
One bar per payment. 3 payments from 2025 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$0.252026YTD
RSSXIrregular · 1 paymentAll RSSX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 29, 2025 $0.39. Use the arrow keys to read each point.$0$0.252026YTD

CTAP vs RSSX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CTAP No dataRSSX 31.0%since Jun 2025
Return per unit of riskSharpe ratio, 3 years
CTAP No dataRSSX 0.54since Jun 2025
Worst fallMax drawdown, 5 years
CTAP No dataRSSX −27.4%since May 2025
Market sensitivityBeta, 5 years
CTAP 1.34RSSX 1.86

CTAP and RSSX in the news

All news⁠

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