CTAP vs. DBMF

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) and iM DBi Managed Futures Strategy ETF (DBMF).

CTAP and DBMF 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. DBMF is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on May 8, 2019.

Performance

CTAP vs. DBMF - 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 iM DBi Managed Futures Strategy ETF (DBMF). The values are adjusted to include any dividend payments, if applicable.

CTAP vs. DBMF - Yearly Performance Comparison

	2026 (YTD)	2025
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	5.36%	2.44%
DBMF iM DBi Managed Futures Strategy ETF	7.87%	1.37%

Returns By Period

In the year-to-date period, CTAP achieves a 5.36% return, which is significantly lower than DBMF's 7.87% return.

CTAP

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

DBMF

• 1D: -0.20%
• 1M: -3.82%
• YTD: 7.87%
• 6M: 15.44%
• 1Y: 26.29%
• 3Y*: 9.90%
• 5Y*: 8.63%
• 10Y*: —

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

CTAP vs. DBMF - Expense Ratio Comparison

CTAP has a 0.10% expense ratio, which is lower than DBMF's 0.85% expense ratio.

DBMF

iM DBi Managed Futures Strategy ETF

CTAP

Simplify US Equity PLUS Managed Futures Strategy ETF

Return for Risk

CTAP vs. DBMF — Risk / Return Rank

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

DBMF

DBMF Risk / Return Rank: 95
DBMF Sharpe Ratio Rank: 94
DBMF Sortino Ratio Rank: 95
DBMF Omega Ratio Rank: 95
DBMF Calmar Ratio Rank: 96
DBMF Martin Ratio Rank: 97

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. DBMF - 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 iM DBi Managed Futures Strategy ETF (DBMF). 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	DBMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.19	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	0.74	+0.57

Correlation

The correlation between CTAP and DBMF is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CTAP vs. DBMF - Dividend Comparison

CTAP's dividend yield for the trailing twelve months is around 0.75%, less than DBMF's 5.30% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DBMF iM DBi Managed Futures Strategy ETF	5.30%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%

Drawdowns

CTAP vs. DBMF - Drawdown Comparison

The maximum CTAP drawdown since its inception was -9.02%, smaller than the maximum DBMF drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for CTAP and DBMF.

Drawdown Indicators

	CTAP	DBMF	Difference
Max Drawdown Largest peak-to-trough decline	-9.02%	-20.39%	+11.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.39%	—
Current Drawdown Current decline from peak	-5.64%	-3.82%	-1.82%
Average Drawdown Average peak-to-trough decline	-2.15%	-6.70%	+4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.40%	—

Volatility

Volatility by Period

	CTAP	DBMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.12%	12.09%	+10.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.12%	12.66%	+9.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.12%	12.48%	+9.64%