CTAP vs. MDAA

Last updated Jun 23, 2026

CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) and MDAA (Myriad Dynamic Asset Allocation ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.23 correlation, their price movements are largely independent. CTAP charges 0.10%/yr vs 0.97%/yr for MDAA.

Performance

CTAP vs. MDAA - 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 Myriad Dynamic Asset Allocation ETF (MDAA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTAP achieves a 8.42% return, which is significantly lower than MDAA's 20.16% return.

CTAP

• 1D: -1.08%
• 1M: -12.31%
• YTD: 8.42%
• 6M: 7.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MDAA

• 1D: -0.27%
• 1M: 3.45%
• YTD: 20.16%
• 6M: 20.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CTAP vs. MDAA - Yearly Performance Comparison

	2026 (YTD)	2025
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	8.42%	2.22%
MDAA Myriad Dynamic Asset Allocation ETF	20.16%	0.59%

Correlation

The correlation between CTAP and MDAA 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

Return for Risk

CTAP vs. MDAA - 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 Myriad Dynamic Asset Allocation ETF (MDAA). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

CTAP vs. MDAA - Drawdown Comparison

The maximum CTAP drawdown since its inception was -15.19%, roughly equal to the maximum MDAA drawdown of -14.59%. Use the drawdown chart below to compare losses from any high point for CTAP and MDAA.

Drawdown Indicators

	CTAP	MDAA	Difference
Max Drawdown Largest peak-to-trough decline	-15.19%	-14.59%	-0.60%
Current Drawdown Current decline from peak	-15.07%	-2.71%	-12.36%
Average Drawdown Average peak-to-trough decline	-2.99%	-3.03%	+0.04%

Volatility

Volatility by Period

	CTAP	MDAA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	24.37%	24.98%	-0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.37%	24.98%	-0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.37%	24.98%	-0.61%

CTAP vs. MDAA - Expense Ratio Comparison

CTAP has a 0.10% expense ratio, which is lower than MDAA's 0.97% expense ratio.

Dividends

CTAP vs. MDAA - Dividend Comparison

CTAP's dividend yield for the trailing twelve months is around 0.73%, more than MDAA's 0.38% yield.

Position	TTM	2025
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.73%	0.00%
MDAA Myriad Dynamic Asset Allocation ETF	0.38%	0.46%

Frequently Asked Questions

Can I hold both CTAP and MDAA in my portfolio?

CTAP and MDAA 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.

Which ETF is better, CTAP or MDAA?

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.

Which ETF is cheaper, CTAP or MDAA?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.97% for MDAA.

Which ETF pays a higher dividend yield, CTAP or MDAA?

CTAP has the higher dividend yield at 0.73%, compared with 0.38% for MDAA.

What is the main difference between CTAP and MDAA?

They also come from different issuers: Simplify and Myriad. Their fees differ too: 0.10% for CTAP and 0.97% for MDAA.