CTAP vs. RAAX
CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) and RAAX (VanEck Inflation Allocation ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.50 correlation, their price movements are largely independent. CTAP charges 0.10%/yr vs 0.89%/yr for RAAX.
Performance
CTAP vs. RAAX - Performance Comparison
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Returns By Period
In the year-to-date period, CTAP achieves a 7.96% return, which is significantly lower than RAAX's 12.54% return.
CTAP
- 1D
- 2.15%
- 1M
- -4.45%
- 6M
- 3.36%
- YTD
- 7.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RAAX
- 1D
- -0.41%
- 1M
- -4.33%
- 6M
- 7.14%
- YTD
- 12.54%
- 1Y
- 25.46%
- 3Y*
- 18.15%
- 5Y*
- 12.87%
- 10Y*
- —
CTAP vs. RAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 7.96% | 2.22% |
RAAX VanEck Inflation Allocation ETF | 12.54% | 0.98% |
Correlation
The correlation between CTAP and RAAX is 0.50, 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 | 0.50 |
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Return for Risk
CTAP vs. RAAX — Risk / Return Rank
CTAP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RAAX
CTAP vs. RAAX - 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 VanEck Inflation Allocation ETF (RAAX). 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 | RAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.90 | — |
| Martin ratioReturn relative to average drawdown | — | 9.23 | — |
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Drawdowns
CTAP vs. RAAX - Drawdown Comparison
The maximum CTAP drawdown since its inception was -20.48%, smaller than the maximum RAAX drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for CTAP and RAAX.
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Drawdown Indicators
| CTAP | RAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.48% | -33.91% | +13.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.55% | — |
Current DrawdownCurrent decline from peak | -15.43% | -7.94% | -7.49% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -6.77% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.77% | — |
Volatility
CTAP vs. RAAX - Volatility Comparison
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Volatility by Period
| CTAP | RAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.42% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.47% | 14.61% | +9.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.47% | 15.71% | +8.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.47% | 15.79% | +8.68% |
CTAP vs. RAAX - Expense Ratio Comparison
CTAP has a 0.10% expense ratio, which is lower than RAAX's 0.89% expense ratio.
Dividends
CTAP vs. RAAX - Dividend Comparison
CTAP's dividend yield for the trailing twelve months is around 1.84%, less than RAAX's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 1.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RAAX VanEck Inflation Allocation ETF | 2.08% | 2.34% | 1.91% | 3.66% | 1.53% | 8.72% | 6.27% | 2.37% | 0.56% |
Frequently Asked Questions
CTAP and RAAX have a correlation of 0.50, 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 0.89% for RAAX.
RAAX has the higher dividend yield at 2.08%, compared with 1.84% for CTAP.
They also come from different issuers: Simplify and VanEck. Their fees differ too: 0.10% for CTAP and 0.89% for RAAX.
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