AOA vs. CTAP
AOA (iShares Core 80/20 Aggressive Allocation ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. AOA is passively managed, while CTAP is actively managed. At a 0.23 correlation, their price movements are largely independent. AOA charges 0.15%/yr vs 0.10%/yr for CTAP.
Performance
AOA vs. CTAP - Performance Comparison
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Returns By Period
In the year-to-date period, AOA achieves a 8.51% return, which is significantly higher than CTAP's 4.10% return.
AOA
- 1D
- 0.33%
- 1M
- -0.91%
- YTD
- 8.51%
- 6M
- 7.69%
- 1Y
- 20.66%
- 3Y*
- 16.81%
- 5Y*
- 8.77%
- 10Y*
- 10.92%
CTAP
- 1D
- 0.50%
- 1M
- -14.15%
- YTD
- 4.10%
- 6M
- 2.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AOA vs. CTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 8.51% | 0.84% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 4.10% | 2.22% |
Correlation
The correlation between AOA and CTAP is 0.23, 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 | 0.23 |
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Return for Risk
AOA vs. CTAP — Risk / Return Rank
AOA
CTAP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AOA vs. CTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 80/20 Aggressive Allocation ETF (AOA) 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.
| AOA | CTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | — | — |
| Martin ratioReturn relative to average drawdown | 10.94 | — | — |
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Drawdowns
AOA vs. CTAP - Drawdown Comparison
The maximum AOA drawdown since its inception was -28.38%, which is greater than CTAP's maximum drawdown of -18.86%. Use the drawdown chart below to compare losses from any high point for AOA and CTAP.
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Drawdown Indicators
| AOA | CTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.38% | -18.86% | -9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -12.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.38% | — | — |
Current DrawdownCurrent decline from peak | -1.78% | -18.45% | +16.67% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -3.33% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | — | — |
Volatility
AOA vs. CTAP - Volatility Comparison
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Volatility by Period
| AOA | CTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 24.56% | -13.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.08% | 24.56% | -11.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.51% | 24.56% | -11.05% |
AOA vs. CTAP - Expense Ratio Comparison
AOA has a 0.15% expense ratio, which is higher than CTAP's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AOA vs. CTAP - Dividend Comparison
AOA's dividend yield for the trailing twelve months is around 2.07%, more than CTAP's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 2.07% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 1.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AOA and CTAP have a correlation of 0.23, 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 0.15% for AOA.
AOA has the higher dividend yield at 2.07%, compared with 1.91% for CTAP.
They also come from different issuers: iShares and Simplify. Their fees differ too: 0.15% for AOA and 0.10% for CTAP.
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