RSSX vs. CTAP

Last updated Jun 25, 2026

RSSX (Return Stacked U.S. Stocks & Gold/Bitcoin ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. RSSX charges 0.68%/yr vs 0.10%/yr for CTAP.

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.

Returns By Period

In the year-to-date period, RSSX achieves a -11.33% return, which is significantly lower than CTAP's 3.58% return.

RSSX

• 1D: -3.82%
• 1M: -16.42%
• YTD: -11.33%
• 6M: -15.00%
• 1Y: 11.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTAP

• 1D: -1.57%
• 1M: -16.23%
• YTD: 3.58%
• 6M: 2.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSSX vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
RSSX Return Stacked U.S. Stocks & Gold/Bitcoin ETF	-11.33%	0.61%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	3.58%	2.22%

Correlation

The correlation between RSSX and CTAP is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025	0.34

Return for Risk

RSSX vs. CTAP — Risk / Return Rank

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

RSSX

RSSX Risk / Return Rank: 14
RSSX Sharpe Ratio Rank: 14
RSSX Sortino Ratio Rank: 14
RSSX Omega Ratio Rank: 15
RSSX Calmar Ratio Rank: 14
RSSX Martin Ratio Rank: 14

CTAP

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

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.

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.

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.

	RSSX	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	0.34	—	—
Sortino ratio: Return per unit of downside risk	0.69	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.43	—	—
Martin ratio: Return relative to average drawdown	1.10	—	—

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 -18.86%. 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%	-18.86%	-8.51%
Max Drawdown (1Y) Largest decline over 1 year	-27.37%	—	—
Current Drawdown Current decline from peak	-25.94%	-18.86%	-7.08%
Average Drawdown Average peak-to-trough decline	-7.42%	-3.22%	-4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.67%	—	—

Volatility

Volatility by Period

	RSSX	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	33.99%	24.64%	+9.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.21%	24.64%	+8.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.21%	24.64%	+8.57%

RSSX vs. CTAP - Expense Ratio Comparison

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

Dividends

RSSX vs. CTAP - Dividend Comparison

RSSX's dividend yield for the trailing twelve months is around 1.74%, more than CTAP's 0.76% yield.

Position	TTM	2025
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.76%	0.00%
RSSX Return Stacked U.S. Stocks & Gold/Bitcoin ETF	1.74%	1.54%

Frequently Asked Questions

Can I hold both RSSX and CTAP in my portfolio?

RSSX and CTAP have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RSSX 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, RSSX or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.68% for RSSX.

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

RSSX has the higher dividend yield at 1.74%, compared with 0.76% for CTAP.

What is the main difference between RSSX and CTAP?

They also come from different issuers: Return Stacked and Simplify. Their fees differ too: 0.68% for RSSX and 0.10% for CTAP.