CGRO vs. CAS

Last updated Jul 18, 2026

CGRO (CoreValues Alpha Greater China Growth ETF) and CAS (Simplify China A Shares PLUS Income ETF) are both China Equities funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. CGRO charges 0.75%/yr vs 0.88%/yr for CAS.

Performance

CGRO vs. CAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CoreValues Alpha Greater China Growth ETF (CGRO) and Simplify China A Shares PLUS Income ETF (CAS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CGRO

• 1D: -2.66%
• 1M: 2.35%
• 6M: -21.44%
• YTD: -19.41%
• 1Y: -18.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAS

• 1D: -4.59%
• 1M: -11.25%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGRO vs. CAS - Yearly Performance Comparison

	2026 (YTD)
CGRO CoreValues Alpha Greater China Growth ETF	-6.06%
CAS Simplify China A Shares PLUS Income ETF	-11.47%

Correlation

The correlation between CGRO and CAS is 0.42, 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 May 28, 2026	0.42

CGRO vs. CAS - Sectors Allocation Comparison

Sectors	CGRO	CAS
Consumer Cyclical	40.0%	-
Technology	16.0%	-
Industrials	15.7%	-
Communication Services	11.3%	-
Healthcare	7.1%	-
Financial Services	2.8%	40.5%
Consumer Defensive	2.0%	-
Real Estate	1.1%	-
Basic Materials	-	-
Energy	-	-
Utilities	-	-

Return for Risk

CGRO vs. CAS — Risk / Return Rank

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

CGRO

CGRO Risk / Return Rank: 4
CGRO Sharpe Ratio Rank: 3
CGRO Sortino Ratio Rank: 3
CGRO Omega Ratio Rank: 3
CGRO Calmar Ratio Rank: 5
CGRO Martin Ratio Rank: 5

CAS

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

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.

CGRO vs. CAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoreValues Alpha Greater China Growth ETF (CGRO) and Simplify China A Shares PLUS Income ETF (CAS). 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.

	CGRO	CAS	Difference
Sharpe ratio: Return per unit of total volatility	-0.82	—	—
Sortino ratio: Return per unit of downside risk	-1.08	—	—
Omega ratio: Gain probability vs. loss probability	0.88	—	—
Calmar ratio: Return relative to maximum drawdown	-0.51	—	—
Martin ratio: Return relative to average drawdown	-1.02	—	—

Drawdowns

CGRO vs. CAS - Drawdown Comparison

The maximum CGRO drawdown since its inception was -36.53%, which is greater than CAS's maximum drawdown of -14.63%. Use the drawdown chart below to compare losses from any high point for CGRO and CAS.

Drawdown Indicators

	CGRO	CAS	Difference
Max Drawdown Largest peak-to-trough decline	-36.53%	-14.63%	-21.90%
Max Drawdown (1Y) Largest decline over 1 year	-36.53%	—	—
Current Drawdown Current decline from peak	-31.12%	-14.63%	-16.49%
Average Drawdown Average peak-to-trough decline	-11.17%	-3.89%	-7.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.30%	—	—

Volatility

Volatility by Period

	CGRO	CAS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.86%	34.39%	-11.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.78%	34.39%	-5.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.78%	34.39%	-5.61%

CGRO vs. CAS - Expense Ratio Comparison

CGRO has a 0.75% expense ratio, which is lower than CAS's 0.88% expense ratio.

Dividends

CGRO vs. CAS - Dividend Comparison

CGRO's dividend yield for the trailing twelve months is around 3.47%, more than CAS's 0.40% yield.

Position	TTM	2025	2024	2023
CAS Simplify China A Shares PLUS Income ETF	0.40%	0.00%	0.00%	0.00%
CGRO CoreValues Alpha Greater China Growth ETF	3.47%	2.48%	2.47%	0.21%

Frequently Asked Questions

Can I hold both CGRO and CAS in my portfolio?

CGRO and CAS have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CGRO or CAS?

On fees, CGRO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CGRO or CAS?

CGRO is cheaper with a 0.75% expense ratio, compared with 0.88% for CAS.

Which ETF pays a higher dividend yield, CGRO or CAS?

CGRO has the higher dividend yield at 3.47%, compared with 0.40% for CAS.

What is the main difference between CGRO and CAS?

They also come from different issuers: CoreValues Alpha and Simplify. Their fees differ too: 0.75% for CGRO and 0.88% for CAS.