AVMA vs. CTAP
AVMA (Avantis Moderate Allocation ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.26 correlation, their price movements are largely independent. AVMA charges 0.21%/yr vs 0.10%/yr for CTAP.
Performance
AVMA vs. CTAP - Performance Comparison
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Returns By Period
In the year-to-date period, AVMA achieves a 10.31% return, which is significantly higher than CTAP's 7.96% return.
AVMA
- 1D
- -0.61%
- 1M
- -0.39%
- 6M
- 7.65%
- YTD
- 10.31%
- 1Y
- 19.54%
- 3Y*
- 14.53%
- 5Y*
- —
- 10Y*
- —
CTAP
- 1D
- 2.15%
- 1M
- -4.45%
- 6M
- 3.36%
- YTD
- 7.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVMA vs. CTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVMA Avantis Moderate Allocation ETF | 10.31% | 0.90% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 7.96% | 2.22% |
Correlation
The correlation between AVMA and CTAP is 0.26, 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 | 0.26 |
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Return for Risk
AVMA vs. CTAP — Risk / Return Rank
AVMA
CTAP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AVMA vs. CTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Moderate Allocation ETF (AVMA) 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.
| AVMA | CTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | — | — |
| Martin ratioReturn relative to average drawdown | 12.78 | — | — |
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Drawdowns
AVMA vs. CTAP - Drawdown Comparison
The maximum AVMA drawdown since its inception was -11.81%, smaller than the maximum CTAP drawdown of -20.48%. Use the drawdown chart below to compare losses from any high point for AVMA and CTAP.
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Drawdown Indicators
| AVMA | CTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.81% | -20.48% | +8.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.81% | — | — |
Current DrawdownCurrent decline from peak | -1.04% | -15.43% | +14.39% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -4.40% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | — | — |
Volatility
AVMA vs. CTAP - Volatility Comparison
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Volatility by Period
| AVMA | CTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.64% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.40% | 24.47% | -15.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.31% | 24.47% | -14.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.31% | 24.47% | -14.16% |
AVMA vs. CTAP - Expense Ratio Comparison
AVMA has a 0.21% 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
AVMA vs. CTAP - Dividend Comparison
AVMA's dividend yield for the trailing twelve months is around 2.02%, more than CTAP's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AVMA Avantis Moderate Allocation ETF | 2.02% | 2.21% | 2.28% | 1.11% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 1.84% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVMA and CTAP have a correlation of 0.26, 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 0.21% for AVMA.
AVMA has the higher dividend yield at 2.02%, compared with 1.84% for CTAP.
They also come from different issuers: Avantis and Simplify. Their fees differ too: 0.21% for AVMA and 0.10% for CTAP.
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