CTA vs. GOVZ
CTA (Simplify Managed Futures Strategy ETF) and GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) are both exchange-traded funds - CTA is a Systematic Trend fund actively managed by Simplify, while GOVZ is a Government Bonds fund tracking the ICE BofA Long US Treasury Principal STRIPS Index. CTA is actively managed, while GOVZ is passively managed. Over the past 3 years, CTA returned 10.84%/yr vs -7.61%/yr for GOVZ. At a correlation of -0.26, they often move in opposite directions. CTA charges 0.78%/yr vs 0.15%/yr for GOVZ.
Performance
CTA vs. GOVZ - Performance Comparison
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Returns By Period
In the year-to-date period, CTA achieves a 9.07% return, which is significantly higher than GOVZ's -0.91% return.
CTA
- 1D
- -1.49%
- 1M
- -5.00%
- YTD
- 9.07%
- 6M
- 12.10%
- 1Y
- 9.47%
- 3Y*
- 10.84%
- 5Y*
- —
- 10Y*
- —
GOVZ
- 1D
- -0.33%
- 1M
- -0.38%
- YTD
- -0.91%
- 6M
- -2.71%
- 1Y
- 2.81%
- 3Y*
- -7.61%
- 5Y*
- -11.53%
- 10Y*
- —
CTA vs. GOVZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CTA Simplify Managed Futures Strategy ETF | 9.07% | 0.88% | 24.15% | -2.23% | 9.55% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | -0.91% | -1.81% | -16.24% | 0.90% | -35.27% |
Correlation
The correlation between CTA and GOVZ is -0.28, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2022 | -0.26 |
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Return for Risk
CTA vs. GOVZ — Risk / Return Rank
CTA
GOVZ
CTA vs. GOVZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Managed Futures Strategy ETF (CTA) and iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ). 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.
| CTA | GOVZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.02 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 0.06 | +0.95 |
| Martin ratioReturn relative to average drawdown | 2.58 | 0.13 | +2.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CTA | GOVZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.05 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | -0.58 | +1.15 |
Drawdowns
CTA vs. GOVZ - Drawdown Comparison
The maximum CTA drawdown since its inception was -18.07%, smaller than the maximum GOVZ drawdown of -59.65%. Use the drawdown chart below to compare losses from any high point for CTA and GOVZ.
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Drawdown Indicators
| CTA | GOVZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.07% | -59.65% | +41.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -14.16% | +3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -28.72% | +17.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -10.51% | -56.46% | +45.95% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -39.93% | +34.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 6.27% | -1.99% |
Volatility
CTA vs. GOVZ - Volatility Comparison
Simplify Managed Futures Strategy ETF (CTA) has a higher volatility of 6.69% compared to iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) at 4.05%. This indicates that CTA's price experiences larger fluctuations and is considered to be riskier than GOVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CTA | GOVZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 4.05% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 17.42% | 10.50% | +6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.23% | 16.05% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.60% | 23.90% | -7.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 23.34% | -6.74% |
CTA vs. GOVZ - Expense Ratio Comparison
CTA has a 0.78% expense ratio, which is higher than GOVZ's 0.15% expense ratio.
Dividends
CTA vs. GOVZ - Dividend Comparison
CTA's dividend yield for the trailing twelve months is around 4.99%, less than GOVZ's 5.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CTA Simplify Managed Futures Strategy ETF | 4.99% | 3.19% | 4.80% | 7.78% | 6.58% | 0.00% | 0.00% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 5.18% | 5.00% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% |
Frequently Asked Questions
CTA and GOVZ have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CTA has higher volatility (6.69%) compared to GOVZ (4.05%). In terms of maximum drawdown, CTA dropped -18.07% vs GOVZ's -59.65%.
On 3-year performance, CTA leads with 10.84% vs -7.61% for GOVZ. On fees, GOVZ is cheaper at 0.15% per year. On volatility, GOVZ has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CTA has performed better with a 10.84% return vs -7.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GOVZ is cheaper with a 0.15% expense ratio, compared with 0.78% for CTA.
GOVZ has the higher dividend yield at 5.18%, compared with 4.99% for CTA.
CTA is categorized as Systematic Trend, while GOVZ is Government Bonds. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.78% for CTA and 0.15% for GOVZ.
CTA currently has the higher Sharpe Ratio (0.55 vs 0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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