CTA vs. SPMO
Compare and contrast key facts about Simplify Managed Futures Strategy ETF (CTA) and Invesco S&P 500 Momentum ETF (SPMO).
CTA and SPMO 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. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
CTA vs. SPMO - Performance Comparison
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CTA vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CTA Simplify Managed Futures Strategy ETF | 12.39% | 0.88% | 24.15% | -2.23% | 9.55% |
SPMO Invesco S&P 500 Momentum ETF | -5.78% | 26.58% | 45.82% | 17.56% | 4.17% |
Returns By Period
In the year-to-date period, CTA achieves a 12.39% return, which is significantly higher than SPMO's -5.78% return.
CTA
- 1D
- -1.31%
- 1M
- 0.45%
- YTD
- 12.39%
- 6M
- 10.76%
- 1Y
- 6.40%
- 3Y*
- 15.19%
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- 3.96%
- 1M
- -5.89%
- YTD
- -5.78%
- 6M
- -6.90%
- 1Y
- 22.23%
- 3Y*
- 28.36%
- 5Y*
- 17.17%
- 10Y*
- 17.16%
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CTA vs. SPMO - Expense Ratio Comparison
CTA has a 0.78% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
CTA vs. SPMO — Risk / Return Rank
CTA
SPMO
CTA vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Managed Futures Strategy ETF (CTA) and Invesco S&P 500 Momentum ETF (SPMO). 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 | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.40 | 0.98 | -0.58 |
Sortino ratioReturn per unit of downside risk | 0.63 | 1.51 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.22 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | 1.79 | -1.13 |
Martin ratioReturn relative to average drawdown | 1.14 | 6.36 | -5.22 |
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 | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 0.98 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.85 | -0.16 |
Correlation
The correlation between CTA and SPMO is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
CTA vs. SPMO - Dividend Comparison
CTA's dividend yield for the trailing twelve months is around 3.81%, more than SPMO's 0.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTA Simplify Managed Futures Strategy ETF | 3.81% | 3.19% | 4.80% | 7.78% | 6.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500 Momentum ETF | 0.91% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
CTA vs. SPMO - Drawdown Comparison
The maximum CTA drawdown since its inception was -18.07%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for CTA and SPMO.
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Drawdown Indicators
| CTA | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.07% | -30.95% | +12.88% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -12.70% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -1.47% | -9.24% | +7.77% |
Average DrawdownAverage peak-to-trough decline | -5.74% | -4.66% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 3.57% | +2.59% |
Volatility
CTA vs. SPMO - Volatility Comparison
Simplify Managed Futures Strategy ETF (CTA) has a higher volatility of 8.10% compared to Invesco S&P 500 Momentum ETF (SPMO) at 6.82%. This indicates that CTA's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CTA | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.10% | 6.82% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 12.62% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 22.68% | -6.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 19.06% | -3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.58% | 20.08% | -4.50% |