RSSX vs. CTAP

Last updated Apr 1, 2026

Compare and contrast key facts about Return Stacked U.S. Stocks & Gold/Bitcoin ETF (RSSX) and Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP).

RSSX and CTAP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSSX is an actively managed fund by Return Stacked. It was launched on May 29, 2025. CTAP is an actively managed fund by Simplify. It was launched on Dec 8, 2025.

Performance

RSSX vs. CTAP - Performance Comparison

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

RSSX vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
RSSX Return Stacked U.S. Stocks & Gold/Bitcoin ETF	-7.94%	-0.23%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	5.36%	2.44%

Returns By Period

In the year-to-date period, RSSX achieves a -7.94% return, which is significantly lower than CTAP's 5.36% return.

RSSX

• 1D: 5.88%
• 1M: -12.18%
• YTD: -7.94%
• 6M: -6.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTAP

• 1D: 1.18%
• 1M: -5.40%
• YTD: 5.36%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSSX vs. CTAP - Expense Ratio Comparison

RSSX has a 0.68% expense ratio, which is higher than CTAP's 0.10% expense ratio.

RSSX

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

CTAP

Simplify US Equity PLUS Managed Futures Strategy ETF

Return for Risk

RSSX vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked U.S. Stocks & Gold/Bitcoin ETF (RSSX) 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.

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

Sharpe Ratios by Period

	RSSX	CTAP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	1.31	-0.57

Correlation

The correlation between RSSX and CTAP is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RSSX vs. CTAP - Dividend Comparison

RSSX's dividend yield for the trailing twelve months is around 1.68%, more than CTAP's 0.75% yield.

	TTM	2025
RSSX Return Stacked U.S. Stocks & Gold/Bitcoin ETF	1.68%	1.54%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.75%	0.00%

Drawdowns

RSSX vs. CTAP - Drawdown Comparison

The maximum RSSX drawdown since its inception was -27.37%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for RSSX and CTAP.

Drawdown Indicators

	RSSX	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-27.37%	-9.02%	-18.35%
Current Drawdown Current decline from peak	-23.10%	-5.64%	-17.46%
Average Drawdown Average peak-to-trough decline	-5.45%	-2.15%	-3.30%

Volatility

Volatility by Period

	RSSX	CTAP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	32.26%	22.12%	+10.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.26%	22.12%	+10.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.26%	22.12%	+10.14%