ACIO vs. CTAP

Last updated Jun 4, 2026

ACIO (Aptus Collared Income Opportunity ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.21 correlation, their price movements are largely independent. ACIO charges 0.79%/yr vs 0.10%/yr for CTAP.

Performance

ACIO vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Collared Income Opportunity ETF (ACIO) 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, ACIO achieves a 7.22% return, which is significantly lower than CTAP's 21.95% return.

ACIO

• 1D: -0.55%
• 1M: 3.52%
• YTD: 7.22%
• 6M: 6.40%
• 1Y: 15.88%
• 3Y*: 15.97%
• 5Y*: 10.18%
• 10Y*: —

CTAP

• 1D: -0.32%
• 1M: -3.24%
• YTD: 21.95%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ACIO vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
ACIO Aptus Collared Income Opportunity ETF	7.22%	-0.45%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between ACIO and CTAP is 0.21, 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 10, 2025	0.21

ACIO vs. CTAP - Sectors Allocation Comparison

Sectors	ACIO	CTAP
Technology	35.2%	-
Financial Services	11.9%	49.3%
Communication Services	11.3%	-
Consumer Cyclical	10.1%	-
Healthcare	8.4%	-
Industrials	8.3%	-
Consumer Defensive	5.0%	-
Energy	3.6%	-
Utilities	2.4%	-
Real Estate	2.1%	-
Basic Materials	1.7%	-

Return for Risk

ACIO vs. CTAP — Risk / Return Rank

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

ACIO

ACIO Risk / Return Rank: 53
ACIO Sharpe Ratio Rank: 56
ACIO Sortino Ratio Rank: 57
ACIO Omega Ratio Rank: 56
ACIO Calmar Ratio Rank: 44
ACIO Martin Ratio Rank: 52

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.

ACIO vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Collared Income Opportunity ETF (ACIO) 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.

	ACIO	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	1.93	—	—
Sortino ratio: Return per unit of downside risk	2.74	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.21	—	—
Martin ratio: Return relative to average drawdown	8.84	—	—
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

	ACIO	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	2.50	-1.60

Drawdowns

ACIO vs. CTAP - Drawdown Comparison

The maximum ACIO drawdown since its inception was -14.19%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for ACIO and CTAP.

Drawdown Indicators

	ACIO	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-14.19%	-9.02%	-5.17%
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.00%	—	—
Current Drawdown Current decline from peak	-0.64%	-4.47%	+3.83%
Average Drawdown Average peak-to-trough decline	-3.19%	-2.18%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	—	—

Volatility

Volatility by Period

	ACIO	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.26%	23.94%	-15.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.05%	23.94%	-12.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.64%	23.94%	-12.30%

ACIO vs. CTAP - Expense Ratio Comparison

ACIO has a 0.79% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

ACIO vs. CTAP - Dividend Comparison

ACIO's dividend yield for the trailing twelve months is around 0.38%, less than CTAP's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ACIO Aptus Collared Income Opportunity ETF	0.38%	0.37%	0.44%	0.72%	1.51%	0.61%	1.02%	1.32%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ACIO and CTAP in my portfolio?

ACIO and CTAP have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACIO 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, ACIO or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.79% for ACIO.

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

CTAP has the higher dividend yield at 0.65%, compared with 0.38% for ACIO.

What is the main difference between ACIO and CTAP?

They also come from different issuers: Aptus Capital Advisors and Simplify. Their fees differ too: 0.79% for ACIO and 0.10% for CTAP.