AOR vs. CTAP

Last updated Jun 3, 2026

AOR (iShares Core Growth Allocation ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. AOR is passively managed, while CTAP is actively managed. At a 0.18 correlation, their price movements are largely independent. AOR charges 0.25%/yr vs 0.10%/yr for CTAP.

Performance

AOR vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Growth Allocation ETF (AOR) 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, AOR achieves a 7.96% return, which is significantly lower than CTAP's 22.34% return.

AOR

• 1D: 0.22%
• 1M: 3.07%
• YTD: 7.96%
• 6M: 8.80%
• 1Y: 20.12%
• 3Y*: 14.41%
• 5Y*: 7.20%
• 10Y*: 8.46%

CTAP

• 1D: 0.68%
• 1M: -1.60%
• YTD: 22.34%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AOR vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
AOR iShares Core Growth Allocation ETF	7.96%	0.70%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	22.34%	2.44%

Correlation

The correlation between AOR and CTAP is 0.18, 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	0.18

AOR vs. CTAP - Sectors Allocation Comparison

Sectors	AOR	CTAP
Technology	27.8%	-
Financial Services	16.2%	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

AOR vs. CTAP — Risk / Return Rank

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

AOR

AOR Risk / Return Rank: 71
AOR Sharpe Ratio Rank: 73
AOR Sortino Ratio Rank: 75
AOR Omega Ratio Rank: 75
AOR Calmar Ratio Rank: 61
AOR Martin Ratio Rank: 71

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.

AOR vs. CTAP - Risk-Adjusted Trends Comparison

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

	AOR	CTAP	Difference
Sharpe ratio Return per unit of total volatility	2.41	—	—
Sortino ratio Return per unit of downside risk	3.43	—	—
Omega ratio Gain probability vs. loss probability	1.45	—	—
Calmar ratio Return relative to maximum drawdown	3.08	—	—
Martin ratio Return relative to average drawdown	13.48	—	—
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

	AOR	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	2.56	-1.87

Drawdowns

AOR vs. CTAP - Drawdown Comparison

The maximum AOR drawdown since its inception was -24.44%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for AOR and CTAP.

Drawdown Indicators

	AOR	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-24.44%	-9.02%	-15.42%
Max Drawdown (1Y) Largest decline over 1 year	-6.64%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.95%	—	—
Current Drawdown Current decline from peak	0.00%	-4.16%	+4.16%
Average Drawdown Average peak-to-trough decline	-3.48%	-2.16%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	—	—

Volatility

Volatility by Period

	AOR	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.40%	24.03%	-15.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.55%	24.03%	-13.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.67%	24.03%	-13.36%

AOR vs. CTAP - Expense Ratio Comparison

AOR 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

AOR vs. CTAP - Dividend Comparison

AOR's dividend yield for the trailing twelve months is around 2.46%, more than CTAP's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOR iShares Core Growth Allocation ETF	2.46%	2.55%	2.66%	2.50%	2.12%	1.64%	1.89%	2.56%	2.49%	4.51%	2.16%	2.12%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.64%	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 AOR and CTAP in my portfolio?

AOR and CTAP have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AOR 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, AOR or CTAP?

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

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

AOR has the higher dividend yield at 2.46%, compared with 0.64% for CTAP.

What is the main difference between AOR and CTAP?

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