- CUSIP
- 82889N228
- Issuer
- Simplify
- Inception Date
- Dec 8, 2025
- Category
- Diversified Portfolio
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Assets Under Management
- $173M
Share Price Chart
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Performance
CTAP Performance Chart
Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) is up 8.4% since the beginning of the year. CTAP is currently trading at $28 per share.
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Returns By Period
Simplify US Equity PLUS Managed Futures Strategy ETF
- 1D
- -1.08%
- 1M
- -12.31%
- YTD
- 8.42%
- 6M
- 7.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CTAP Monthly Returns History
Based on dividend-adjusted daily data since Dec 9, 2025, CTAP's average daily return is +0.09%, while the average monthly return is +1.86%. At this rate, an investment would double in approximately 3.1 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2026 with a return of +19.4%, while the worst month was Jun 2026 at -8.3%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, CTAP closed higher 53% of trading days. The best single day was Apr 2, 2026 with a return of +4.6%, while the worst single day was Jun 5, 2026 at -4.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.77% | 7.34% | -5.40% | 19.37% | -6.04% | -8.26% | 8.42% | ||||||
| 2025 | 2.22% | 2.22% |
Benchmark Metrics
Simplify US Equity PLUS Managed Futures Strategy ETF has an annualized alpha of 14.80%, beta of 0.49, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since December 09, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (90.88%) than losses (67.46%) - typical of diversified or defensive assets.
- Beta of 0.49 may look defensive, but with R2 of 0.08 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.08 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 14.80%
- Beta
- 0.49
- R²
- 0.08
- Upside Capture
- 90.88%
- Downside Capture
- 67.46%
Expense Ratio
CTAP has an expense ratio of 0.10%, which is considered low.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) and compare them to S&P 500 Index.
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 | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Simplify US Equity PLUS Managed Futures Strategy ETF provided a 0.73% dividend yield over the last twelve months, with an annual payout of $0.20 per share.
| Period | TTM |
|---|---|
| Dividend | $0.20 |
Dividend yield | 0.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify US Equity PLUS Managed Futures Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.20 | $0.00 | $0.00 | $0.00 | $0.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Simplify US Equity PLUS Managed Futures Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Simplify US Equity PLUS Managed Futures Strategy ETF was 15.19%, occurring on Jun 17, 2026. The portfolio has not yet recovered.
The current Simplify US Equity PLUS Managed Futures Strategy ETF drawdown is 15.07%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -15.19%Jun 2026 | 1mo 3d | — | 1mo 9dMay 2026 - now |
2026 pullback2026 | -9.02%Mar 2026 | 20d | 1mo | 1mo 20dMar 2026 - Apr 2026 |
2026 pullback2026 | -6.04%Feb 2026 | 6d | 13d | 19dJan 2026 - Feb 2026 |
2026 pullback2026 | -4.04%Jan 2026 | 5d | 6d | 11dJan 2026 - Jan 2026 |
2026 pullback2026 | -3.61%May 2026 | 2d | 5d | 7dMay 2026 - May 2026 |
Drawdown Indicators
| CTAP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.19% | -56.78% | +41.59% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -15.07% | -1.80% | -13.27% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -10.71% | +7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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