COAGX vs. CTA

Last updated Jun 5, 2026

COAGX (Caldwell & Orkin - Gator Capital Long/Short Fund) and CTA (Simplify Managed Futures Strategy ETF) are both funds - COAGX is a Long-Short fund managed by Caldwell & Orkin, while CTA is a Systematic Trend fund actively managed by Simplify. At a correlation of -0.06, they often move in opposite directions. COAGX charges 2.00%/yr vs 0.78%/yr for CTA.

Performance

COAGX vs. CTA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and Simplify Managed Futures Strategy ETF (CTA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

COAGX

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

CTA

• 1D: -1.40%
• 1M: -8.08%
• YTD: 10.72%
• 6M: 12.41%
• 1Y: 13.86%
• 3Y*: 11.34%
• 5Y*: —
• 10Y*: —

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

COAGX vs. CTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
COAGX Caldwell & Orkin - Gator Capital Long/Short Fund	3.61%	17.44%	35.58%	31.98%	-3.90%
CTA Simplify Managed Futures Strategy ETF	10.72%	0.88%	24.15%	-2.23%	9.55%

Correlation

The correlation between COAGX and CTA is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Mar 9, 2022	-0.06

Return for Risk

COAGX vs. CTA — Risk / Return Rank

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

CTA

CTA Risk / Return Rank: 23
CTA Sharpe Ratio Rank: 21
CTA Sortino Ratio Rank: 20
CTA Omega Ratio Rank: 22
CTA Calmar Ratio Rank: 27
CTA Martin Ratio Rank: 25

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.

COAGX vs. CTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and Simplify Managed Futures Strategy ETF (CTA). 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

	COAGX	CTA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.59	—

Drawdowns

Drawdown Indicators

	COAGX	CTA	Difference
Max Drawdown Largest peak-to-trough decline	—	-18.07%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.23%	—
Current Drawdown Current decline from peak	—	-9.15%	—
Average Drawdown Average peak-to-trough decline	—	-5.68%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.23%	—

Volatility

Volatility by Period

	COAGX	CTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	20.17%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.59%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.59%	—

COAGX vs. CTA - Expense Ratio Comparison

COAGX has a 2.00% expense ratio, which is higher than CTA's 0.78% expense ratio.

Dividends

COAGX vs. CTA - Dividend Comparison

COAGX has not paid dividends to shareholders, while CTA's dividend yield for the trailing twelve months is around 4.92%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COAGX Caldwell & Orkin - Gator Capital Long/Short Fund	0.00%	0.00%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.81%
CTA Simplify Managed Futures Strategy ETF	4.92%	3.19%	4.80%	7.78%	6.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COAGX and CTA in my portfolio?

COAGX and CTA have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.