AOM vs. CTAP

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Core Moderate Allocation ETF (AOM) and Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP).

AOM and CTAP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AOM is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Moderate. It was launched on Nov 4, 2008. CTAP is an actively managed fund by Simplify. It was launched on Dec 8, 2025.

Performance

AOM vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Moderate Allocation ETF (AOM) and Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP). The values are adjusted to include any dividend payments, if applicable.

AOM vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
AOM iShares Core Moderate Allocation ETF	-0.75%	0.74%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	5.36%	2.44%

Returns By Period

In the year-to-date period, AOM achieves a -0.75% return, which is significantly lower than CTAP's 5.36% return.

AOM

• 1D: 1.39%
• 1M: -3.60%
• YTD: -0.75%
• 6M: 1.24%
• 1Y: 11.30%
• 3Y*: 9.16%
• 5Y*: 4.22%
• 10Y*: 5.82%

CTAP

• 1D: 1.18%
• 1M: -5.40%
• YTD: 5.36%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AOM vs. CTAP - Expense Ratio Comparison

AOM has a 0.25% 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%.

AOM

iShares Core Moderate Allocation ETF

CTAP

Simplify US Equity PLUS Managed Futures Strategy ETF

Return for Risk

AOM vs. CTAP — Risk / Return Rank

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

AOM

AOM Risk / Return Rank: 80
AOM Sharpe Ratio Rank: 78
AOM Sortino Ratio Rank: 80
AOM Omega Ratio Rank: 78
AOM Calmar Ratio Rank: 81
AOM Martin Ratio Rank: 82

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.

AOM vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Moderate Allocation ETF (AOM) 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.

	AOM	CTAP	Difference
Sharpe ratio Return per unit of total volatility	1.38	—	—
Sortino ratio Return per unit of downside risk	1.99	—	—
Omega ratio Gain probability vs. loss probability	1.28	—	—
Calmar ratio Return relative to maximum drawdown	2.14	—	—
Martin ratio Return relative to average drawdown	8.72	—	—
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

	AOM	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	1.31	-0.65

Correlation

The correlation between AOM and CTAP is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AOM vs. CTAP - Dividend Comparison

AOM's dividend yield for the trailing twelve months is around 3.00%, more than CTAP's 0.75% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOM iShares Core Moderate Allocation ETF	3.00%	2.98%	3.10%	2.79%	2.27%	1.56%	2.02%	2.66%	2.53%	3.31%	2.14%	1.98%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

AOM vs. CTAP - Drawdown Comparison

The maximum AOM drawdown since its inception was -19.96%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for AOM and CTAP.

Drawdown Indicators

	AOM	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-19.96%	-9.02%	-10.94%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.96%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.96%	—	—
Current Drawdown Current decline from peak	-3.64%	-5.64%	+2.00%
Average Drawdown Average peak-to-trough decline	-2.72%	-2.15%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.31%	—	—

Volatility

Volatility by Period

	AOM	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.23%	22.12%	-13.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.09%	22.12%	-14.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.90%	22.12%	-14.22%