CTA vs. CTAP
CTA (Simplify Managed Futures Strategy ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both exchange-traded funds - CTA is a Systematic Trend fund actively managed by Simplify, while CTAP is a Diversified Portfolio fund actively managed by Simplify. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. CTA charges 0.78%/yr vs 0.10%/yr for CTAP.
Performance
CTA vs. CTAP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CTA achieves a 0.24% return, which is significantly lower than CTAP's 5.23% return.
CTA
- 1D
- -1.04%
- 1M
- -12.64%
- YTD
- 0.24%
- 6M
- -0.16%
- 1Y
- 2.63%
- 3Y*
- 7.91%
- 5Y*
- —
- 10Y*
- —
CTAP
- 1D
- -2.94%
- 1M
- -14.89%
- YTD
- 5.23%
- 6M
- 3.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CTA vs. CTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CTA Simplify Managed Futures Strategy ETF | 0.24% | 2.66% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 5.23% | 2.22% |
Correlation
The correlation between CTA and CTAP is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025 | 0.79 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CTA vs. CTAP — Risk / Return Rank
CTA
CTAP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CTA vs. CTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Managed Futures Strategy ETF (CTA) 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.
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 | CTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.04 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | — | — |
| Martin ratioReturn relative to average drawdown | 0.51 | — | — |
Loading charts...
Drawdowns
CTA vs. CTAP - Drawdown Comparison
The maximum CTA drawdown since its inception was -18.07%, roughly equal to the maximum CTAP drawdown of -17.57%. Use the drawdown chart below to compare losses from any high point for CTA and CTAP.
Loading charts...
Drawdown Indicators
| CTA | CTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.07% | -17.57% | -0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -17.75% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -17.75% | — | — |
Current DrawdownCurrent decline from peak | -17.75% | -17.57% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -3.10% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | — | — |
Volatility
CTA vs. CTAP - Volatility Comparison
Loading charts...
Volatility by Period
| CTA | CTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.77% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.39% | 24.63% | -4.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.62% | 24.63% | -8.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.62% | 24.63% | -8.01% |
CTA vs. CTAP - Expense Ratio Comparison
CTA has a 0.78% expense ratio, which is higher than CTAP's 0.10% expense ratio.
Dividends
CTA vs. CTAP - Dividend Comparison
CTA's dividend yield for the trailing twelve months is around 5.43%, more than CTAP's 0.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CTA Simplify Managed Futures Strategy ETF | 5.43% | 3.19% | 4.80% | 7.78% | 6.58% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CTA and CTAP have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CTAP is cheaper with a 0.10% expense ratio, compared with 0.78% for CTA.
CTA has the higher dividend yield at 5.43%, compared with 0.75% for CTAP.
CTA is categorized as Systematic Trend, while CTAP is Diversified Portfolio. Their fees differ too: 0.78% for CTA and 0.10% for CTAP.
Find the right allocation for CTA and CTAP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer