CTAP vs. BSV
CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) and BSV (Vanguard Short-Term Bond Index Fund ETF Shares) are both exchange-traded funds - CTAP is a Diversified Portfolio fund actively managed by Simplify, while BSV is a Short-Term Bond fund tracking the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. CTAP is actively managed, while BSV is passively managed. At a correlation of -0.11, they often move in opposite directions. CTAP charges 0.10%/yr vs 0.03%/yr for BSV.
Performance
CTAP vs. BSV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CTAP achieves a 8.42% return, which is significantly higher than BSV's 0.21% return.
CTAP
- 1D
- -1.08%
- 1M
- -12.31%
- YTD
- 8.42%
- 6M
- 7.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSV
- 1D
- -0.12%
- 1M
- 0.11%
- YTD
- 0.21%
- 6M
- 0.37%
- 1Y
- 3.25%
- 3Y*
- 4.47%
- 5Y*
- 1.66%
- 10Y*
- 1.90%
CTAP vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 8.42% | 2.22% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.21% | 0.43% |
Correlation
The correlation between CTAP and BSV is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025 | -0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CTAP vs. BSV — Risk / Return Rank
CTAP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BSV
CTAP vs. BSV - 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 Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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 | BSV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.53 | — |
| Martin ratioReturn relative to average drawdown | — | 8.35 | — |
Loading charts...
Drawdowns
CTAP vs. BSV - Drawdown Comparison
The maximum CTAP drawdown since its inception was -15.19%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for CTAP and BSV.
Loading charts...
Drawdown Indicators
| CTAP | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.19% | -8.54% | -6.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.29% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.54% | — |
Current DrawdownCurrent decline from peak | -15.07% | -0.70% | -14.37% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -0.97% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.39% | — |
Volatility
CTAP vs. BSV - Volatility Comparison
Loading charts...
Volatility by Period
| CTAP | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.37% | 1.82% | +22.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.37% | 2.73% | +21.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.37% | 2.38% | +21.99% |
CTAP vs. BSV - Expense Ratio Comparison
CTAP has a 0.10% expense ratio, which is higher than BSV's 0.03% expense ratio. However, 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. BSV - Dividend Comparison
CTAP's dividend yield for the trailing twelve months is around 0.73%, less than BSV's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 4.00% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 0.73% | 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 BSV have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BSV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BSV is cheaper with a 0.03% expense ratio, compared with 0.10% for CTAP.
BSV has the higher dividend yield at 4.00%, compared with 0.73% for CTAP.
CTAP is categorized as Diversified Portfolio, while BSV is Short-Term Bond. They also come from different issuers: Simplify and Vanguard. Their fees differ too: 0.10% for CTAP and 0.03% for BSV.
Find the right allocation for CTAP and BSV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer