CTAP vs. RSST

Last updated Jul 12, 2026

CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) and RSST (Return Stacked U.S. Stocks & Managed Futures ETF) are both exchange-traded funds - CTAP is a Diversified Portfolio fund actively managed by Simplify, while RSST is a Large Cap Blend Equities fund actively managed by Return Stacked. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. CTAP charges 0.10%/yr vs 0.99%/yr for RSST.

Performance

CTAP vs. RSST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) and Return Stacked U.S. Stocks & Managed Futures ETF (RSST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTAP achieves a 5.69% return, which is significantly lower than RSST's 16.68% return.

CTAP

• 1D: 0.11%
• 1M: -6.46%
• 6M: 1.62%
• YTD: 5.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSST

• 1D: -0.11%
• 1M: 1.88%
• 6M: 9.83%
• YTD: 16.68%
• 1Y: 39.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CTAP vs. RSST - Yearly Performance Comparison

	2026 (YTD)	2025
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	5.69%	2.22%
RSST Return Stacked U.S. Stocks & Managed Futures ETF	16.68%	2.83%

Correlation

The correlation between CTAP and RSST is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025	0.54

Return for Risk

CTAP vs. RSST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CTAP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

RSST

RSST Risk / Return Rank: 66
RSST Sharpe Ratio Rank: 65
RSST Sortino Ratio Rank: 55
RSST Omega Ratio Rank: 61
RSST Calmar Ratio Rank: 81
RSST Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CTAP vs. RSST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) and Return Stacked U.S. Stocks & Managed Futures ETF (RSST). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CTAP	RSST	Difference
Sharpe ratio: Return per unit of total volatility	—	1.70	—
Sortino ratio: Return per unit of downside risk	—	2.12	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	3.42	—
Martin ratio: Return relative to average drawdown	—	10.21	—

Drawdowns

CTAP vs. RSST - Drawdown Comparison

The maximum CTAP drawdown since its inception was -20.48%, smaller than the maximum RSST drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for CTAP and RSST.

Drawdown Indicators

	CTAP	RSST	Difference
Max Drawdown Largest peak-to-trough decline	-20.48%	-30.80%	+10.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.71%	—
Current Drawdown Current decline from peak	-17.21%	-4.83%	-12.38%
Average Drawdown Average peak-to-trough decline	-4.33%	-6.03%	+1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.92%	—

Volatility

Volatility by Period

	CTAP	RSST	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.40%	23.60%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.40%	24.38%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.40%	24.38%	+0.02%

CTAP vs. RSST - Expense Ratio Comparison

CTAP has a 0.10% expense ratio, which is lower than RSST's 0.99% expense ratio.

Dividends

CTAP vs. RSST - Dividend Comparison

CTAP's dividend yield for the trailing twelve months is around 1.88%, more than RSST's 0.96% yield.

Position	TTM	2025	2024	2023
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	1.88%	0.00%	0.00%	0.00%
RSST Return Stacked U.S. Stocks & Managed Futures ETF	0.96%	1.12%	0.09%	0.93%

Frequently Asked Questions

Can I hold both CTAP and RSST in my portfolio?

CTAP and RSST have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CTAP or RSST?

On fees, CTAP is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CTAP or RSST?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.99% for RSST.

Which ETF pays a higher dividend yield, CTAP or RSST?

CTAP has the higher dividend yield at 1.88%, compared with 0.96% for RSST.

What is the main difference between CTAP and RSST?

CTAP is categorized as Diversified Portfolio, while RSST is Large Cap Blend Equities. They also come from different issuers: Simplify and Return Stacked. Their fees differ too: 0.10% for CTAP and 0.99% for RSST.