CTA vs. CASH.TO

Last updated Jun 14, 2026

CTA (Simplify Managed Futures Strategy ETF) and CASH.TO (Global X High Interest Savings ETF) are both exchange-traded funds - CTA is a Systematic Trend fund actively managed by Simplify, while CASH.TO is a Money Market fund actively managed by Global X. Both are actively managed. Over the past 3 years, CTA returned 9.41%/yr vs 2.07%/yr for CASH.TO. At a correlation of -0.05, they often move in opposite directions. CTA charges 0.78%/yr vs 0.11%/yr for CASH.TO.

Performance

CTA vs. CASH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Managed Futures Strategy ETF (CTA) and Global X High Interest Savings ETF (CASH.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CTA is traded in USD, while CASH.TO is traded in CAD. To make them comparable, the CASH.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CTA achieves a 6.10% return, which is significantly higher than CASH.TO's -1.09% return.

CTA

• 1D: -1.22%
• 1M: -11.34%
• YTD: 6.10%
• 6M: 8.48%
• 1Y: 6.45%
• 3Y*: 9.41%
• 5Y*: —
• 10Y*: —

CASH.TO

• 1D: -0.16%
• 1M: -1.63%
• YTD: -1.09%
• 6M: -0.39%
• 1Y: -0.52%
• 3Y*: 2.07%
• 5Y*: —
• 10Y*: —

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

CTA vs. CASH.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CTA Simplify Managed Futures Strategy ETF	6.10%	0.88%	24.15%	-2.23%	9.01%
CASH.TO Global X High Interest Savings ETF	-1.09%	7.36%	-3.63%	7.67%	-4.06%

Correlation

The correlation between CTA and CASH.TO 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 8, 2022	-0.05

Return for Risk

CTA vs. CASH.TO — Risk / Return Rank

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

CTA

CTA Risk / Return Rank: 14
CTA Sharpe Ratio Rank: 14
CTA Sortino Ratio Rank: 13
CTA Omega Ratio Rank: 14
CTA Calmar Ratio Rank: 15
CTA Martin Ratio Rank: 16

CASH.TO

CASH.TO Risk / Return Rank: 99
CASH.TO Sharpe Ratio Rank: 99
CASH.TO Sortino Ratio Rank: 99
CASH.TO Omega Ratio Rank: 99
CASH.TO Calmar Ratio Rank: 100
CASH.TO Martin Ratio Rank: 100

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.

CTA vs. CASH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Managed Futures Strategy ETF (CTA) and Global X High Interest Savings ETF (CASH.TO). 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.

	CTA	CASH.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.28	0.00	+0.28
Sortino ratio: Return per unit of downside risk	0.50	0.04	+0.46
Omega ratio: Gain probability vs. loss probability	1.07	1.00	+0.06
Calmar ratio: Return relative to maximum drawdown	0.44	0.00	+0.44
Martin ratio: Return relative to average drawdown	1.24	0.01	+1.24

CTA vs. CASH.TO - Sharpe Ratio Comparison

The current CTA Sharpe Ratio is 0.28, which is higher than the CASH.TO Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of CTA and CASH.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CTA vs. CASH.TO - Drawdown Comparison

The maximum CTA drawdown since its inception was -18.07%, which is greater than CASH.TO's maximum drawdown of -9.29%. Use the drawdown chart below to compare losses from any high point for CTA and CASH.TO.

Drawdown Indicators

	CTA	CASH.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.07%	-9.29%	-8.78%
Max Drawdown (1Y) Largest decline over 1 year	-12.94%	-3.03%	-9.91%
Max Drawdown (3Y) Largest decline over 3 years	-12.94%	-7.69%	-5.25%
Current Drawdown Current decline from peak	-12.94%	-2.71%	-10.23%
Average Drawdown Average peak-to-trough decline	-5.71%	-2.80%	-2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	1.57%	+3.00%

Volatility

CTA vs. CASH.TO - Volatility Comparison

Simplify Managed Futures Strategy ETF (CTA) has a higher volatility of 6.16% compared to Global X High Interest Savings ETF (CASH.TO) at 0.76%. This indicates that CTA's price experiences larger fluctuations and is considered to be riskier than CASH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTA	CASH.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.16%	0.76%	+5.40%
Volatility (6M) Calculated over the trailing 6-month period	17.59%	3.22%	+14.37%
Volatility (1Y) Calculated over the trailing 1-year period	20.33%	4.41%	+15.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	6.24%	+10.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	6.24%	+10.37%

CTA vs. CASH.TO - Expense Ratio Comparison

CTA has a 0.78% expense ratio, which is higher than CASH.TO's 0.11% expense ratio.

Dividends

CTA vs. CASH.TO - Dividend Comparison

CTA's dividend yield for the trailing twelve months is around 5.13%, more than CASH.TO's 2.19% yield.

Position	TTM	2025	2024	2023	2022	2021
CASH.TO Global X High Interest Savings ETF	2.19%	2.53%	4.37%	5.05%	2.30%	0.10%
CTA Simplify Managed Futures Strategy ETF	5.13%	3.19%	4.80%	7.78%	6.58%	0.00%

Frequently Asked Questions

Can I hold both CTA and CASH.TO in my portfolio?

CTA and CASH.TO 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.

Which ETF is better, CTA or CASH.TO?

On fees, CASH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CTA or CASH.TO?

CASH.TO is cheaper with a 0.11% expense ratio, compared with 0.78% for CTA.

What is the main difference between CTA and CASH.TO?

CTA is categorized as Systematic Trend, while CASH.TO is Money Market. They also come from different issuers: Simplify and Global X. Their fees differ too: 0.78% for CTA and 0.11% for CASH.TO.