ASET vs. CTAP

Last updated Apr 1, 2026

Compare and contrast key facts about FlexShares Real Assets Allocation Index Fund (ASET) and Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP).

ASET and CTAP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ASET is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Real Assets Allocation Total Return. It was launched on Nov 23, 2015. CTAP is an actively managed fund by Simplify. It was launched on Dec 8, 2025.

Performance

ASET vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Real Assets Allocation Index Fund (ASET) and Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP). The values are adjusted to include any dividend payments, if applicable.

ASET vs. CTAP - Yearly Performance Comparison

	2026 (YTD)
ASET FlexShares Real Assets Allocation Index Fund	0.00%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.54%

Returns By Period

ASET

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

ASET vs. CTAP - Expense Ratio Comparison

ASET has a 0.57% expense ratio, which is higher than CTAP's 0.10% expense ratio.

ASET

FlexShares Real Assets Allocation Index Fund

CTAP

Simplify US Equity PLUS Managed Futures Strategy ETF

Return for Risk

ASET vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Real Assets Allocation Index Fund (ASET) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ASET	CTAP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.31	—

Dividends

ASET vs. CTAP - Dividend Comparison

ASET has not paid dividends to shareholders, while CTAP's dividend yield for the trailing twelve months is around 0.75%.

	TTM
ASET FlexShares Real Assets Allocation Index Fund	0.00%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.75%

Drawdowns

ASET vs. CTAP - Drawdown Comparison

The maximum ASET drawdown since its inception was 0.00%, smaller than the maximum CTAP drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for ASET and CTAP.

Drawdown Indicators

	ASET	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-9.02%	+9.02%
Current Drawdown Current decline from peak	0.00%	-5.64%	+5.64%
Average Drawdown Average peak-to-trough decline	0.00%	-2.15%	+2.15%

Volatility

Volatility by Period

	ASET	CTAP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	22.12%	-22.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	22.12%	-22.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	22.12%	-22.12%