AAAA vs. CTAP

Last updated Jul 17, 2026

AAAA (Amplius Aggressive Asset Allocation ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. AAAA charges 0.49%/yr vs 0.10%/yr for CTAP.

Performance

AAAA vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplius Aggressive Asset Allocation ETF (AAAA) 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, AAAA achieves a 10.99% return, which is significantly higher than CTAP's 8.12% return.

AAAA

• 1D: -0.68%
• 1M: -0.71%
• 6M: 9.20%
• YTD: 10.99%
• 1Y: 21.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTAP

• 1D: -1.33%
• 1M: -2.44%
• 6M: 4.27%
• YTD: 8.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AAAA vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
AAAA Amplius Aggressive Asset Allocation ETF	10.99%	0.33%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	8.12%	2.22%

Correlation

The correlation between AAAA and CTAP is 0.29, 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	0.29

Return for Risk

AAAA vs. CTAP — Risk / Return Rank

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

AAAA

AAAA Risk / Return Rank: 74
AAAA Sharpe Ratio Rank: 74
AAAA Sortino Ratio Rank: 73
AAAA Omega Ratio Rank: 73
AAAA Calmar Ratio Rank: 70
AAAA Martin Ratio Rank: 81

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.

AAAA vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplius Aggressive Asset Allocation ETF (AAAA) 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.

	AAAA	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	1.88	—	—
Sortino ratio: Return per unit of downside risk	2.64	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.82	—	—
Martin ratio: Return relative to average drawdown	12.21	—	—

Drawdowns

AAAA vs. CTAP - Drawdown Comparison

The maximum AAAA drawdown since its inception was -7.83%, smaller than the maximum CTAP drawdown of -20.48%. Use the drawdown chart below to compare losses from any high point for AAAA and CTAP.

Drawdown Indicators

	AAAA	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-7.83%	-20.48%	+12.65%
Max Drawdown (1Y) Largest decline over 1 year	-7.83%	—	—
Current Drawdown Current decline from peak	-1.79%	-15.31%	+13.52%
Average Drawdown Average peak-to-trough decline	-1.08%	-4.61%	+3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	—	—

Volatility

Volatility by Period

	AAAA	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.73%	24.35%	-12.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.73%	24.35%	-12.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.73%	24.35%	-12.62%

AAAA vs. CTAP - Expense Ratio Comparison

AAAA has a 0.49% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

AAAA vs. CTAP - Dividend Comparison

AAAA's dividend yield for the trailing twelve months is around 1.29%, less than CTAP's 1.84% yield.

Position	TTM	2025
AAAA Amplius Aggressive Asset Allocation ETF	1.29%	0.79%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	1.84%	0.00%

Frequently Asked Questions

Can I hold both AAAA and CTAP in my portfolio?

AAAA and CTAP have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAAA 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, AAAA or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.49% for AAAA.

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

CTAP has the higher dividend yield at 1.84%, compared with 1.29% for AAAA.

What is the main difference between AAAA and CTAP?

They also come from different issuers: Amplius and Simplify. Their fees differ too: 0.49% for AAAA and 0.10% for CTAP.