CTAP vs. AOR

Last updated Jun 4, 2026

CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) and AOR (iShares Core Growth Allocation ETF) are both Diversified Portfolio funds. CTAP is actively managed, while AOR is passively managed. At a 0.19 correlation, their price movements are largely independent. CTAP charges 0.10%/yr vs 0.25%/yr for AOR.

Performance

CTAP vs. AOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) and iShares Core Growth Allocation ETF (AOR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTAP achieves a 21.95% return, which is significantly higher than AOR's 7.39% return.

CTAP

• 1D: -0.32%
• 1M: -3.24%
• YTD: 21.95%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AOR

• 1D: -0.53%
• 1M: 2.99%
• YTD: 7.39%
• 6M: 7.88%
• 1Y: 19.21%
• 3Y*: 14.21%
• 5Y*: 6.94%
• 10Y*: 8.40%

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

CTAP vs. AOR - Yearly Performance Comparison

	2026 (YTD)	2025
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%
AOR iShares Core Growth Allocation ETF	7.39%	0.70%

Correlation

The correlation between CTAP and AOR is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025	0.19

CTAP vs. AOR - Sectors Allocation Comparison

Sectors	CTAP	AOR
Financial Services	49.3%	16.2%
Basic Materials	-	4.2%
Communication Services	-	8.1%
Consumer Cyclical	-	9.5%
Consumer Defensive	-	5.0%
Energy	-	4.3%
Healthcare	-	8.0%
Industrials	-	11.9%
Real Estate	-	2.4%
Technology	-	27.8%
Utilities	-	2.7%

Return for Risk

CTAP vs. AOR — Risk / Return Rank

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

AOR

AOR Risk / Return Rank: 67
AOR Sharpe Ratio Rank: 68
AOR Sortino Ratio Rank: 70
AOR Omega Ratio Rank: 70
AOR Calmar Ratio Rank: 58
AOR Martin Ratio Rank: 67

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.

CTAP vs. AOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) and iShares Core Growth Allocation ETF (AOR). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CTAP	AOR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.29	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.50	0.69	+1.81

Drawdowns

CTAP vs. AOR - Drawdown Comparison

The maximum CTAP drawdown since its inception was -9.02%, smaller than the maximum AOR drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for CTAP and AOR.

Drawdown Indicators

	CTAP	AOR	Difference
Max Drawdown Largest peak-to-trough decline	-9.02%	-24.44%	+15.42%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.95%	—
Current Drawdown Current decline from peak	-4.47%	-0.53%	-3.94%
Average Drawdown Average peak-to-trough decline	-2.18%	-3.48%	+1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.52%	—

Volatility

Volatility by Period

	CTAP	AOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.94%	8.42%	+15.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.94%	10.55%	+13.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.94%	10.67%	+13.27%

CTAP vs. AOR - Expense Ratio Comparison

CTAP has a 0.10% expense ratio, which is lower than AOR's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CTAP vs. AOR - Dividend Comparison

CTAP's dividend yield for the trailing twelve months is around 0.65%, less than AOR's 2.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOR iShares Core Growth Allocation ETF	2.47%	2.55%	2.66%	2.50%	2.12%	1.64%	1.89%	2.56%	2.49%	4.51%	2.16%	2.12%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CTAP and AOR in my portfolio?

CTAP and AOR have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CTAP or AOR?

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.

Which ETF is cheaper, CTAP or AOR?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.25% for AOR.

Which ETF pays a higher dividend yield, CTAP or AOR?

AOR has the higher dividend yield at 2.47%, compared with 0.65% for CTAP.

What is the main difference between CTAP and AOR?

They also come from different issuers: Simplify and iShares. Their fees differ too: 0.10% for CTAP and 0.25% for AOR.