AVMA vs. CTAP

Last updated Jun 4, 2026

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 0.21 correlation, their price movements are largely independent. AVMA charges 0.21%/yr vs 0.10%/yr for CTAP.

Performance

AVMA vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Moderate Allocation ETF (AVMA) 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, AVMA achieves a 10.43% return, which is significantly lower than CTAP's 21.95% return.

AVMA

• 1D: -0.44%
• 1M: 2.85%
• YTD: 10.43%
• 6M: 11.18%
• 1Y: 23.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

AVMA vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
AVMA Avantis Moderate Allocation ETF	10.43%	0.99%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between AVMA and CTAP is 0.21, 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	0.21

AVMA vs. CTAP - Sectors Allocation Comparison

Sectors	AVMA	CTAP
Technology	19.2%	-
Financial Services	18.0%	49.3%
Industrials	13.6%	-
Consumer Cyclical	12.0%	-
Energy	8.9%	-
Communication Services	6.9%	-
Healthcare	6.0%	-
Basic Materials	5.3%	-
Consumer Defensive	4.8%	-
Real Estate	3.3%	-
Utilities	2.1%	-

Return for Risk

AVMA vs. CTAP — Risk / Return Rank

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

AVMA

AVMA Risk / Return Rank: 80
AVMA Sharpe Ratio Rank: 81
AVMA Sortino Ratio Rank: 85
AVMA Omega Ratio Rank: 82
AVMA Calmar Ratio Rank: 74
AVMA Martin Ratio Rank: 80

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.

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.

	AVMA	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	2.68	—	—
Sortino ratio: Return per unit of downside risk	3.84	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	3.76	—	—
Martin ratio: Return relative to average drawdown	15.96	—	—
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

	AVMA	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.54	2.50	-0.96

Drawdowns

AVMA vs. CTAP - Drawdown Comparison

The maximum AVMA drawdown since its inception was -11.81%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for AVMA and CTAP.

Drawdown Indicators

	AVMA	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-11.81%	-9.02%	-2.79%
Max Drawdown (1Y) Largest decline over 1 year	-6.40%	—	—
Current Drawdown Current decline from peak	-0.44%	-4.47%	+4.03%
Average Drawdown Average peak-to-trough decline	-1.55%	-2.18%	+0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	—	—

Volatility

Volatility by Period

	AVMA	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.99%	23.94%	-14.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.29%	23.94%	-13.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.29%	23.94%	-13.65%

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 2.34%, more than CTAP's 0.65% yield.

Position	TTM	2025	2024	2023
AVMA Avantis Moderate Allocation ETF	2.34%	2.21%	2.28%	1.11%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVMA and CTAP in my portfolio?

AVMA and CTAP have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVMA 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, AVMA or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.21% for AVMA.

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

AVMA has the higher dividend yield at 2.34%, compared with 0.65% for CTAP.

What is the main difference between AVMA and CTAP?

They also come from different issuers: Avantis and Simplify. Their fees differ too: 0.21% for AVMA and 0.10% for CTAP.