ACIO vs. CTAP
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 0.27 correlation, their price movements are largely independent. ACIO charges 0.79%/yr vs 0.10%/yr for CTAP.
Performance
ACIO vs. CTAP - Performance Comparison
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Returns By Period
In the year-to-date period, ACIO achieves a 4.76% return, which is significantly higher than CTAP's 3.58% return.
ACIO
- 1D
- -0.28%
- 1M
- -1.66%
- YTD
- 4.76%
- 6M
- 3.61%
- 1Y
- 12.27%
- 3Y*
- 14.78%
- 5Y*
- 9.52%
- 10Y*
- —
CTAP
- 1D
- -1.57%
- 1M
- -16.23%
- YTD
- 3.58%
- 6M
- 2.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ACIO vs. CTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ACIO Aptus Collared Income Opportunity ETF | 4.76% | -0.56% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 3.58% | 2.22% |
Correlation
The correlation between ACIO and CTAP is 0.27, 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 | 0.27 |
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Return for Risk
ACIO vs. CTAP — Risk / Return Rank
ACIO
CTAP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| ACIO | CTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | — | — |
| Martin ratioReturn relative to average drawdown | 6.60 | — | — |
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Drawdowns
ACIO vs. CTAP - Drawdown Comparison
The maximum ACIO drawdown since its inception was -14.19%, smaller than the maximum CTAP drawdown of -18.86%. Use the drawdown chart below to compare losses from any high point for ACIO and CTAP.
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Drawdown Indicators
| ACIO | CTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.19% | -18.86% | +4.67% |
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 DrawdownCurrent decline from peak | -2.91% | -18.86% | +15.95% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -3.22% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | — | — |
Volatility
ACIO vs. CTAP - Volatility Comparison
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Volatility by Period
| ACIO | CTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.82% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 24.64% | -15.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.13% | 24.64% | -13.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.67% | 24.64% | -12.97% |
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 0.39%, less than CTAP's 0.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ACIO Aptus Collared Income Opportunity ETF | 0.39% | 0.37% | 0.44% | 0.72% | 1.51% | 0.61% | 1.02% | 1.32% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ACIO and CTAP have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CTAP is cheaper with a 0.10% expense ratio, compared with 0.79% for ACIO.
CTAP has the higher dividend yield at 0.76%, compared with 0.39% for ACIO.
They also come from different issuers: Aptus Capital Advisors and Simplify. Their fees differ too: 0.79% for ACIO and 0.10% for CTAP.
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