CTA vs. EQLS
Compare and contrast key facts about Simplify Managed Futures Strategy ETF (CTA) and Simplify Market Neutral Equity Long/Short ETF (EQLS).
CTA and EQLS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CTA is an actively managed fund by Simplify. It was launched on Mar 7, 2022. EQLS is an actively managed fund by Simplify. It was launched on Jun 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CTA or EQLS.
Key characteristics
| CTA | EQLS | |
|---|---|---|
| YTD Return | 14.45% | -1.18% |
| 1Y Return | 6.78% | -5.94% |
| Sharpe Ratio | 0.58 | -0.44 |
| Sortino Ratio | 0.90 | -0.55 |
| Omega Ratio | 1.11 | 0.94 |
| Calmar Ratio | 0.71 | -0.41 |
| Martin Ratio | 1.67 | -0.79 |
| Ulcer Index | 4.74% | 6.06% |
| Daily Std Dev | 13.71% | 10.74% |
| Max Drawdown | -18.07% | -11.68% |
| Current Drawdown | -4.90% | -9.76% |
Correlation
The correlation between CTA and EQLS is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CTA vs. EQLS - Performance Comparison
In the year-to-date period, CTA achieves a 14.45% return, which is significantly higher than EQLS's -1.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CTA vs. EQLS - Expense Ratio Comparison
CTA has a 0.78% expense ratio, which is lower than EQLS's 1.00% expense ratio.
Risk-Adjusted Performance
CTA vs. EQLS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Managed Futures Strategy ETF (CTA) and Simplify Market Neutral Equity Long/Short ETF (EQLS). 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.
Dividends
CTA vs. EQLS - Dividend Comparison
CTA's dividend yield for the trailing twelve months is around 8.47%, less than EQLS's 9.59% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CTA Simplify Managed Futures Strategy ETF | 8.47% | 7.78% | 6.58% |
EQLS Simplify Market Neutral Equity Long/Short ETF | 9.59% | 8.50% | 0.00% |
Drawdowns
CTA vs. EQLS - Drawdown Comparison
The maximum CTA drawdown since its inception was -18.07%, which is greater than EQLS's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for CTA and EQLS. For additional features, visit the drawdowns tool.
Volatility
CTA vs. EQLS - Volatility Comparison
Simplify Managed Futures Strategy ETF (CTA) has a higher volatility of 3.94% compared to Simplify Market Neutral Equity Long/Short ETF (EQLS) at 2.82%. This indicates that CTA's price experiences larger fluctuations and is considered to be riskier than EQLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.