CTAP vs. ASET

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) and FlexShares Real Assets Allocation Index Fund (ASET).

CTAP and ASET are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CTAP is an actively managed fund by Simplify. It was launched on Dec 8, 2025. ASET is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Real Assets Allocation Total Return. It was launched on Nov 23, 2015.

Performance

CTAP vs. ASET - 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 FlexShares Real Assets Allocation Index Fund (ASET). The values are adjusted to include any dividend payments, if applicable.

CTAP vs. ASET - Yearly Performance Comparison

	2026 (YTD)
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.54%
ASET FlexShares Real Assets Allocation Index Fund	0.00%

Returns By Period

CTAP

• 1D: 1.18%
• 1M: -5.40%
• YTD: 5.36%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASET

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CTAP vs. ASET - Expense Ratio Comparison

CTAP has a 0.10% expense ratio, which is lower than ASET's 0.57% expense ratio.

ASET

FlexShares Real Assets Allocation Index Fund

CTAP

Simplify US Equity PLUS Managed Futures Strategy ETF

Return for Risk

CTAP vs. ASET - 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 FlexShares Real Assets Allocation Index Fund (ASET). 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	ASET	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	—	—

Dividends

CTAP vs. ASET - Dividend Comparison

CTAP's dividend yield for the trailing twelve months is around 0.75%, while ASET has not paid dividends to shareholders.

	TTM
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.75%
ASET FlexShares Real Assets Allocation Index Fund	0.00%

Drawdowns

CTAP vs. ASET - Drawdown Comparison

The maximum CTAP drawdown since its inception was -9.02%, which is greater than ASET's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CTAP and ASET.

Drawdown Indicators

	CTAP	ASET	Difference
Max Drawdown Largest peak-to-trough decline	-9.02%	0.00%	-9.02%
Current Drawdown Current decline from peak	-5.64%	0.00%	-5.64%
Average Drawdown Average peak-to-trough decline	-2.15%	0.00%	-2.15%

Volatility

Volatility by Period

	CTAP	ASET	Difference
Volatility (1Y) Calculated over the trailing 1-year period	22.12%	0.00%	+22.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.12%	0.00%	+22.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.12%	0.00%	+22.12%