CTA vs. QQQM

Last updated Jul 26, 2026

CTA (Simplify Managed Futures Strategy ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - CTA is a Systematic Trend fund actively managed by Simplify, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. CTA is actively managed, while QQQM is passively managed. Over the past 3 years, CTA returned 9.57%/yr vs 22.56%/yr for QQQM. Their -0.10 correlation means they have often moved in opposite directions in the past. CTA charges 0.78%/yr vs 0.15%/yr for QQQM.

Performance

CTA vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Managed Futures Strategy ETF (CTA) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTA achieves a 6.14% return, which is significantly lower than QQQM's 11.65% return.

CTA

• 1D: -1.88%
• 1M: 7.04%
• 6M: 2.60%
• YTD: 6.14%
• 1Y: 4.94%
• 3Y*: 9.57%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.28%

QQQM

• 1D: -1.16%
• 1M: -4.48%
• 6M: 10.14%
• YTD: 11.65%
• 1Y: 21.43%
• 3Y*: 22.56%
• 5Y*: 13.97%
• 10Y*: —
• ALL TIME*: 16.46%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CTA Simplify Managed Futures Strategy ETF	$10.73M	$13.32M	$14.98M
QQQM Invesco NASDAQ 100 ETF	$905.61M	$924.70M	$1.17B

CTA vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CTA Simplify Managed Futures Strategy ETF	6.14%	0.88%	24.15%	-2.23%	9.01%
QQQM Invesco NASDAQ 100 ETF	11.65%	20.85%	25.68%	55.01%	-17.42%

Correlation

The correlation between CTA and QQQM is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.07
Correlation (3Y) Balances recent behavior with more history.	-0.05
Correlation (All Time) Calculated using the full available price history since Mar 8, 2022	-0.10

Return for Risk

CTA vs. QQQM — Risk / Return Rank

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

CTA

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

QQQM

QQQM Risk / Return Rank: 49
QQQM Sharpe Ratio Rank: 47
QQQM Sortino Ratio Rank: 45
QQQM Omega Ratio Rank: 46
QQQM Calmar Ratio Rank: 53
QQQM Martin Ratio Rank: 53

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. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Managed Futures Strategy ETF (CTA) and Invesco NASDAQ 100 ETF (QQQM). 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	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	0.20	1.16	-0.96
Sortino ratio: Return per unit of downside risk	0.41	1.63	-1.23
Omega ratio: Gain probability vs. loss probability	1.05	1.21	-0.15
Calmar ratio: Return relative to maximum drawdown	0.20	1.82	-1.62
Martin ratio: Return relative to average drawdown	0.57	6.19	-5.62

CTA vs. QQQM - Sharpe Ratio Comparison

The current CTA Sharpe Ratio is 0.20, which is lower than the QQQM Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of CTA and QQQM, 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. QQQM - Drawdown Comparison

The maximum CTA drawdown since its inception was -20.44%, smaller than the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for CTA and QQQM.

Drawdown Indicators

	CTA	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-20.44%	-35.04%	+14.60%
Max Drawdown (1Y) Largest decline over 1 year	-20.44%	-11.96%	-8.48%
Max Drawdown (3Y) Largest decline over 3 years	-20.44%	-22.70%	+2.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.04%	—
Current Drawdown Current decline from peak	-12.91%	-8.21%	-4.70%
Average Drawdown Average peak-to-trough decline	-6.01%	-8.14%	+2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.33%	3.52%	+3.81%

Volatility

CTA vs. QQQM - Volatility Comparison

The current volatility for Simplify Managed Futures Strategy ETF (CTA) is 5.80%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 6.65%. This indicates that CTA experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTA	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.80%	6.65%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	18.29%	15.45%	+2.84%
Volatility (1Y) Calculated over the trailing 1-year period	20.97%	18.82%	+2.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.71%	22.68%	-5.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.71%	22.30%	-5.59%

CTA vs. QQQM - Expense Ratio Comparison

CTA has a 0.78% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

CTA vs. QQQM - Dividend Comparison

CTA's dividend yield for the trailing twelve months is around 4.73%, more than QQQM's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CTA Simplify Managed Futures Strategy ETF	4.73%	3.19%	4.80%	7.78%	6.58%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.46%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Frequently Asked Questions

Can I hold both CTA and QQQM in my portfolio?

CTA and QQQM have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CTA or QQQM?

QQQM has higher volatility (6.65%) compared to CTA (5.80%). In terms of maximum drawdown, CTA dropped -20.44% vs QQQM's -35.04%.

Which ETF is better, CTA or QQQM?

On 3-year performance, QQQM leads with 22.56% vs 9.57% for CTA. On fees, QQQM is cheaper at 0.15% per year. On volatility, CTA has been the lower-risk option at 5.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CTA or QQQM?

Over the 3-year period, QQQM has performed better with a 22.56% return vs 9.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CTA or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.78% for CTA.

Which ETF pays a higher dividend yield, CTA or QQQM?

CTA has the higher dividend yield at 4.73%, compared with 0.46% for QQQM.

What is the main difference between CTA and QQQM?

CTA is categorized as Systematic Trend, while QQQM is Nasdaq-100. They also come from different issuers: Simplify and Invesco. Their fees differ too: 0.78% for CTA and 0.15% for QQQM.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (1.16 vs 0.20), 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.