CTAP vs. SVOL
CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - CTAP is a Diversified Portfolio fund actively managed by Simplify, while SVOL is a Volatility fund actively managed by Simplify. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. CTAP charges 0.10%/yr vs 0.50%/yr for SVOL.
Performance
CTAP vs. SVOL - 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 SVOL's 0.96% return.
CTAP
- 1D
- -1.08%
- 1M
- -12.31%
- YTD
- 8.42%
- 6M
- 7.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SVOL
- 1D
- 0.31%
- 1M
- 2.14%
- YTD
- 0.96%
- 6M
- 0.62%
- 1Y
- 20.01%
- 3Y*
- 6.27%
- 5Y*
- 6.65%
- 10Y*
- —
CTAP vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 8.42% | 2.22% |
SVOL Simplify Volatility Premium ETF | 0.96% | 2.05% |
Correlation
The correlation between CTAP and SVOL is 0.36, 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 | 0.36 |
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Return for Risk
CTAP vs. SVOL — Risk / Return Rank
CTAP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SVOL
CTAP vs. SVOL - 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 Volatility Premium ETF (SVOL). 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 | SVOL | 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 | — | 1.55 | — |
| Martin ratioReturn relative to average drawdown | — | 3.69 | — |
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Drawdowns
CTAP vs. SVOL - Drawdown Comparison
The maximum CTAP drawdown since its inception was -15.19%, smaller than the maximum SVOL drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for CTAP and SVOL.
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Drawdown Indicators
| CTAP | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.19% | -33.50% | +18.31% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.01% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.50% | — |
Current DrawdownCurrent decline from peak | -15.07% | -1.65% | -13.42% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -4.75% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.44% | — |
Volatility
CTAP vs. SVOL - Volatility Comparison
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Volatility by Period
| CTAP | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.37% | 20.51% | +3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.37% | 22.01% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.37% | 21.88% | +2.49% |
CTAP vs. SVOL - Expense Ratio Comparison
CTAP has a 0.10% expense ratio, which is lower than SVOL's 0.50% expense ratio.
Dividends
CTAP vs. SVOL - Dividend Comparison
CTAP's dividend yield for the trailing twelve months is around 0.73%, less than SVOL's 21.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SVOL Simplify Volatility Premium ETF | 21.80% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% |
Frequently Asked Questions
CTAP and SVOL have a correlation of 0.36, 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 0.50% for SVOL.
SVOL has the higher dividend yield at 21.80%, compared with 0.73% for CTAP.
CTAP is categorized as Diversified Portfolio, while SVOL is Volatility. Their fees differ too: 0.10% for CTAP and 0.50% for SVOL.
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