CTAP vs. RULE
CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) and RULE (Adaptive Core ETF) are both Diversified Portfolio funds. Both are actively managed. Their 0.30 correlation means their historical movements had little consistent relationship. CTAP charges 0.10%/yr vs 1.10%/yr for RULE.
Performance
CTAP vs. RULE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CTAP achieves a 8.91% return, which is significantly lower than RULE's 28.07% return.
CTAP
- 1D
- 1.11%
- 1M
- 4.75%
- 6M
- 4.96%
- YTD
- 8.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
RULE
- 1D
- 0.68%
- 1M
- -6.27%
- 6M
- 16.83%
- YTD
- 28.07%
- 1Y
- 31.15%
- 3Y*
- 14.33%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.32M | $7.01M | $3.57M | |
| $50.92K | $51.15K | $52.38K |
CTAP vs. RULE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 8.91% | 2.22% |
RULE Adaptive Core ETF | 28.07% | 0.17% |
Correlation
The correlation between CTAP and RULE is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025 | 0.30 |
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. RULE — Risk / Return Rank
CTAP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RULE
CTAP vs. RULE - 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 Adaptive Core ETF (RULE). 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 | RULE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.52 | — |
| Martin ratioReturn relative to average drawdown | — | 6.20 | — |
Loading charts...
Drawdowns
CTAP vs. RULE - Drawdown Comparison
The maximum CTAP drawdown since its inception was -20.48%, smaller than the maximum RULE drawdown of -30.48%. Use the drawdown chart below to compare losses from any high point for CTAP and RULE.
Loading charts...
Drawdown Indicators
| CTAP | RULE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.48% | -30.48% | +10.00% |
Max Drawdown (1Y)Largest decline over 1 year | — | -19.49% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.21% | — |
Current DrawdownCurrent decline from peak | -14.68% | -14.67% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -14.72% | +9.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.76% | — |
Volatility
CTAP vs. RULE - Volatility Comparison
Loading charts...
Volatility by Period
| CTAP | RULE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.78% | 27.28% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.78% | 16.87% | +7.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.78% | 16.87% | +7.91% |
CTAP vs. RULE - Expense Ratio Comparison
CTAP has a 0.10% expense ratio, which is lower than RULE's 1.10% expense ratio.
Dividends
CTAP vs. RULE - Dividend Comparison
CTAP's dividend yield for the trailing twelve months is around 1.83%, while RULE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% |
RULE Adaptive Core ETF | 0.00% | 0.00% | 0.00% | 2.01% | 0.01% |
Frequently Asked Questions
CTAP and RULE have a correlation of 0.30, 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 1.10% for RULE.
CTAP has the higher dividend yield at 1.83%, compared with 0.00% for RULE.
They also come from different issuers: Simplify and Mohr. Their fees differ too: 0.10% for CTAP and 1.10% for RULE.
Find the right allocation for CTAP and RULE
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