CGBL vs. CTAP

Last updated Jun 4, 2026

CGBL (Capital Group Core Balanced ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.19 correlation, their price movements are largely independent. CGBL charges 0.33%/yr vs 0.10%/yr for CTAP.

Performance

CGBL vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Core Balanced ETF (CGBL) 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, CGBL achieves a 7.45% return, which is significantly lower than CTAP's 21.95% return.

CGBL

• 1D: -0.60%
• 1M: 3.64%
• YTD: 7.45%
• 6M: 8.19%
• 1Y: 18.61%
• 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)

CGBL vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
CGBL Capital Group Core Balanced ETF	7.45%	0.86%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between CGBL and CTAP is 0.19, 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	0.19

CGBL vs. CTAP - Sectors Allocation Comparison

Sectors	CGBL	CTAP
Technology	29.9%	-
Industrials	16.6%	-
Financial Services	11.8%	49.3%
Healthcare	8.9%	-
Consumer Cyclical	8.7%	-
Communication Services	8.4%	-
Basic Materials	7.2%	-
Consumer Defensive	4.2%	-
Utilities	2.5%	-
Energy	2.0%	-
Real Estate	0.0%	-

Return for Risk

CGBL vs. CTAP — Risk / Return Rank

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

CGBL

CGBL Risk / Return Rank: 55
CGBL Sharpe Ratio Rank: 56
CGBL Sortino Ratio Rank: 58
CGBL Omega Ratio Rank: 57
CGBL Calmar Ratio Rank: 47
CGBL Martin Ratio Rank: 59

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.

CGBL vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Balanced ETF (CGBL) 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.

	CGBL	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	1.95	—	—
Sortino ratio: Return per unit of downside risk	2.82	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.37	—	—
Martin ratio: Return relative to average drawdown	10.54	—	—
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

	CGBL	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	2.50	-0.78

Drawdowns

CGBL vs. CTAP - Drawdown Comparison

The maximum CGBL drawdown since its inception was -11.66%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for CGBL and CTAP.

Drawdown Indicators

	CGBL	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-11.66%	-9.02%	-2.64%
Max Drawdown (1Y) Largest decline over 1 year	-7.88%	—	—
Current Drawdown Current decline from peak	-0.60%	-4.47%	+3.87%
Average Drawdown Average peak-to-trough decline	-1.29%	-2.18%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	—	—

Volatility

Volatility by Period

	CGBL	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.61%	23.94%	-14.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.03%	23.94%	-12.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.03%	23.94%	-12.91%

CGBL vs. CTAP - Expense Ratio Comparison

CGBL has a 0.33% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

CGBL vs. CTAP - Dividend Comparison

CGBL's dividend yield for the trailing twelve months is around 1.86%, more than CTAP's 0.65% yield.

Position	TTM	2025	2024	2023
CGBL Capital Group Core Balanced ETF	1.86%	1.98%	1.92%	0.48%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGBL and CTAP in my portfolio?

CGBL and CTAP have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CGBL 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, CGBL or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.33% for CGBL.

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

CGBL has the higher dividend yield at 1.86%, compared with 0.65% for CTAP.

What is the main difference between CGBL and CTAP?

They also come from different issuers: Capital Group and Simplify. Their fees differ too: 0.33% for CGBL and 0.10% for CTAP.