RSBT vs. CTAP

Last updated Jun 3, 2026

RSBT (Return Stacked Bonds & Managed Futures ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both exchange-traded funds - RSBT is a Nontraditional Bonds fund actively managed by Return Stacked, while CTAP is a Diversified Portfolio fund actively managed by Simplify. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. RSBT charges 0.97%/yr vs 0.10%/yr for CTAP.

Performance

RSBT vs. CTAP - Performance Comparison

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

Returns By Period

In the year-to-date period, RSBT achieves a 10.66% return, which is significantly lower than CTAP's 22.34% return.

RSBT

• 1D: 0.56%
• 1M: 3.71%
• YTD: 10.66%
• 6M: 12.81%
• 1Y: 28.55%
• 3Y*: 5.04%
• 5Y*: —
• 10Y*: —

CTAP

• 1D: 0.68%
• 1M: -1.60%
• YTD: 22.34%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSBT vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
RSBT Return Stacked Bonds & Managed Futures ETF	10.66%	2.71%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	22.34%	2.44%

Correlation

The correlation between RSBT and CTAP is 0.53, 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 10, 2025	0.53

RSBT vs. CTAP - Sectors Allocation Comparison

Sectors	RSBT	CTAP
Financial Services	184.1%	49.3%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

RSBT vs. CTAP — Risk / Return Rank

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

RSBT

RSBT Risk / Return Rank: 65
RSBT Sharpe Ratio Rank: 60
RSBT Sortino Ratio Rank: 55
RSBT Omega Ratio Rank: 61
RSBT Calmar Ratio Rank: 84
RSBT Martin Ratio Rank: 66

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.

RSBT vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked Bonds & Managed Futures ETF (RSBT) and Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP). 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.

	RSBT	CTAP	Difference
Sharpe ratio Return per unit of total volatility	2.05	—	—
Sortino ratio Return per unit of downside risk	2.67	—	—
Omega ratio Gain probability vs. loss probability	1.37	—	—
Calmar ratio Return relative to maximum drawdown	4.61	—	—
Martin ratio Return relative to average drawdown	12.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RSBT	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	2.56	-2.47

Drawdowns

RSBT vs. CTAP - Drawdown Comparison

The maximum RSBT drawdown since its inception was -23.60%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for RSBT and CTAP.

Drawdown Indicators

	RSBT	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-23.60%	-9.02%	-14.58%
Max Drawdown (1Y) Largest decline over 1 year	-6.33%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	—	—
Current Drawdown Current decline from peak	0.00%	-4.16%	+4.16%
Average Drawdown Average peak-to-trough decline	-12.65%	-2.16%	-10.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	—	—

Volatility

Volatility by Period

	RSBT	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.99%	24.03%	-10.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.69%	24.03%	-10.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.69%	24.03%	-10.34%

RSBT vs. CTAP - Expense Ratio Comparison

RSBT has a 0.97% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

RSBT vs. CTAP - Dividend Comparison

RSBT's dividend yield for the trailing twelve months is around 2.89%, more than CTAP's 0.64% yield.

Position	TTM	2025	2024	2023
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.64%	0.00%	0.00%	0.00%
RSBT Return Stacked Bonds & Managed Futures ETF	2.89%	3.20%	0.00%	2.38%

Frequently Asked Questions

Can I hold both RSBT and CTAP in my portfolio?

RSBT and CTAP have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RSBT or CTAP?

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, RSBT or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.97% for RSBT.

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

RSBT has the higher dividend yield at 2.89%, compared with 0.64% for CTAP.

What is the main difference between RSBT and CTAP?

RSBT is categorized as Nontraditional Bonds, while CTAP is Diversified Portfolio. They also come from different issuers: Return Stacked and Simplify. Their fees differ too: 0.97% for RSBT and 0.10% for CTAP.