CTAP vs. AOR
CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both Diversified Portfolio funds. CTAP is actively managed, while AOR is passively managed. At a 0.23 correlation, their price movements are largely independent. CTAP charges 0.10%/yr vs 0.15%/yr for AOR.
Performance
CTAP vs. AOR - Performance Comparison
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Returns By Period
In the year-to-date period, CTAP achieves a 7.96% return, which is significantly higher than AOR's 6.69% return.
CTAP
- 1D
- 2.15%
- 1M
- -4.45%
- 6M
- 3.36%
- YTD
- 7.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AOR
- 1D
- -0.85%
- 1M
- -0.13%
- 6M
- 4.76%
- YTD
- 6.69%
- 1Y
- 15.13%
- 3Y*
- 12.84%
- 5Y*
- 6.60%
- 10Y*
- 8.14%
CTAP vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 7.96% | 2.22% |
AOR iShares Core 60/40 Balanced Allocation ETF | 6.69% | 0.70% |
Correlation
The correlation between CTAP and AOR is 0.23, 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 9, 2025 | 0.23 |
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Return for Risk
CTAP vs. AOR — Risk / Return Rank
CTAP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AOR
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 60/40 Balanced 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.
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.
| CTAP | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.29 | — |
| Martin ratioReturn relative to average drawdown | — | 9.74 | — |
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Drawdowns
CTAP vs. AOR - Drawdown Comparison
The maximum CTAP drawdown since its inception was -20.48%, 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.
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Drawdown Indicators
| CTAP | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.48% | -24.44% | +3.96% |
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 DrawdownCurrent decline from peak | -15.43% | -1.17% | -14.26% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -3.46% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.56% | — |
Volatility
CTAP vs. AOR - Volatility Comparison
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Volatility by Period
| CTAP | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.47% | 8.99% | +15.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.47% | 10.66% | +13.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.47% | 10.64% | +13.83% |
CTAP vs. AOR - Expense Ratio Comparison
CTAP has a 0.10% expense ratio, which is lower than AOR's 0.15% 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 1.84%, less than AOR's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.58% | 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 | 1.84% | 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
CTAP and AOR have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CTAP is cheaper with a 0.10% expense ratio, compared with 0.15% for AOR.
AOR has the higher dividend yield at 2.58%, compared with 1.84% for CTAP.
They also come from different issuers: Simplify and iShares. Their fees differ too: 0.10% for CTAP and 0.15% for AOR.
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