CTAP vs. CTA
CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) and CTA (Simplify Managed Futures Strategy ETF) are both exchange-traded funds - CTAP is a Diversified Portfolio fund actively managed by Simplify, while CTA is a Systematic Trend fund actively managed by Simplify. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. CTAP charges 0.10%/yr vs 0.78%/yr for CTA.
Performance
CTAP vs. CTA - Performance Comparison
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Returns By Period
In the year-to-date period, CTAP achieves a 8.42% return, which is significantly higher than CTA's 1.30% return.
CTAP
- 1D
- -1.08%
- 1M
- -12.31%
- YTD
- 8.42%
- 6M
- 7.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CTA
- 1D
- -0.85%
- 1M
- -11.72%
- YTD
- 1.30%
- 6M
- 1.33%
- 1Y
- 2.69%
- 3Y*
- 8.28%
- 5Y*
- —
- 10Y*
- —
CTAP vs. CTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 8.42% | 2.22% |
CTA Simplify Managed Futures Strategy ETF | 1.30% | 2.66% |
Correlation
The correlation between CTAP and CTA is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025 | 0.79 |
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Return for Risk
CTAP vs. CTA — Risk / Return Rank
CTAP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CTA
CTAP vs. CTA - 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 Simplify Managed Futures Strategy ETF (CTA). 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 | CTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.04 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.16 | — |
| Martin ratioReturn relative to average drawdown | — | 0.54 | — |
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Drawdowns
CTAP vs. CTA - Drawdown Comparison
The maximum CTAP drawdown since its inception was -15.19%, smaller than the maximum CTA drawdown of -18.07%. Use the drawdown chart below to compare losses from any high point for CTAP and CTA.
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Drawdown Indicators
| CTAP | CTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.19% | -18.07% | +2.88% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.89% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.89% | — |
Current DrawdownCurrent decline from peak | -15.07% | -16.89% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -5.76% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.02% | — |
Volatility
CTAP vs. CTA - Volatility Comparison
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Volatility by Period
| CTAP | CTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.75% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.37% | 20.40% | +3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.37% | 16.61% | +7.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.37% | 16.61% | +7.76% |
CTAP vs. CTA - Expense Ratio Comparison
CTAP has a 0.10% expense ratio, which is lower than CTA's 0.78% expense ratio.
Dividends
CTAP vs. CTA - Dividend Comparison
CTAP's dividend yield for the trailing twelve months is around 0.73%, less than CTA's 5.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CTA Simplify Managed Futures Strategy ETF | 5.38% | 3.19% | 4.80% | 7.78% | 6.58% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CTAP and CTA have a correlation of 0.79, 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 0.78% for CTA.
CTA has the higher dividend yield at 5.38%, compared with 0.73% for CTAP.
CTAP is categorized as Diversified Portfolio, while CTA is Systematic Trend. Their fees differ too: 0.10% for CTAP and 0.78% for CTA.
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