AOM vs. CTAP

Last updated Jun 4, 2026

AOM (iShares Core Moderate Allocation ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. AOM is passively managed, while CTAP is actively managed. At a 0.15 correlation, their price movements are largely independent. AOM charges 0.25%/yr vs 0.10%/yr for CTAP.

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.

Returns By Period

In the year-to-date period, AOM achieves a 5.00% return, which is significantly lower than CTAP's 21.95% return.

AOM

• 1D: -0.46%
• 1M: 2.13%
• YTD: 5.00%
• 6M: 5.31%
• 1Y: 14.51%
• 3Y*: 10.87%
• 5Y*: 4.80%
• 10Y*: 6.22%

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)

AOM vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
AOM iShares Core Moderate Allocation ETF	5.00%	0.74%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between AOM and CTAP is 0.15, 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	0.15

AOM vs. CTAP - Sectors Allocation Comparison

Sectors	AOM	CTAP
Technology	27.9%	-
Financial Services	16.1%	49.3%
Industrials	11.9%	-
Consumer Cyclical	9.5%	-
Communication Services	8.1%	-
Healthcare	8.0%	-
Consumer Defensive	5.0%	-
Energy	4.3%	-
Basic Materials	4.2%	-
Utilities	2.7%	-
Real Estate	2.4%	-

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: 65
AOM Sharpe Ratio Rank: 66
AOM Sortino Ratio Rank: 69
AOM Omega Ratio Rank: 67
AOM Calmar Ratio Rank: 57
AOM Martin Ratio Rank: 67

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	2.23	—	—
Sortino ratio Return per unit of downside risk	3.22	—	—
Omega ratio Gain probability vs. loss probability	1.42	—	—
Calmar ratio Return relative to maximum drawdown	2.85	—	—
Martin ratio Return relative to average drawdown	12.45	—	—
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	2.23	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	2.50	-1.81

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	-5.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.85%	—	—
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	-0.46%	-4.47%	+4.01%
Average Drawdown Average peak-to-trough decline	-2.70%	-2.18%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	—	—

Volatility

Volatility by Period

	AOM	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.55%	23.94%	-17.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.14%	23.94%	-15.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.93%	23.94%	-16.01%

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%.

Dividends

AOM vs. CTAP - Dividend Comparison

AOM's dividend yield for the trailing twelve months is around 2.98%, more than CTAP's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOM iShares Core Moderate Allocation ETF	2.98%	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	0.65%	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

Can I hold both AOM and CTAP in my portfolio?

AOM and CTAP have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AOM 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, AOM or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.25% for AOM.

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

AOM has the higher dividend yield at 2.98%, compared with 0.65% for CTAP.

What is the main difference between AOM and CTAP?

They also come from different issuers: iShares and Simplify. Their fees differ too: 0.25% for AOM and 0.10% for CTAP.