CTAP vs. WEEK

Last updated Jun 4, 2026

CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) and WEEK (Roundhill Weekly T-Bill ETF) are both exchange-traded funds - CTAP is a Diversified Portfolio fund actively managed by Simplify, while WEEK is a Ultrashort Bond fund actively managed by Roundhill. Both are actively managed. At a correlation of -0.18, they often move in opposite directions. CTAP charges 0.10%/yr vs 0.19%/yr for WEEK.

Performance

CTAP vs. WEEK - 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 Roundhill Weekly T-Bill ETF (WEEK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTAP achieves a 21.95% return, which is significantly higher than WEEK's 1.44% return.

CTAP

• 1D: -0.32%
• 1M: -3.24%
• YTD: 21.95%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WEEK

• 1D: 0.02%
• 1M: 0.28%
• YTD: 1.44%
• 6M: 1.74%
• 1Y: 3.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CTAP vs. WEEK - Yearly Performance Comparison

	2026 (YTD)	2025
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%
WEEK Roundhill Weekly T-Bill ETF	1.44%	0.26%

Correlation

The correlation between CTAP and WEEK is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025	-0.18

Return for Risk

CTAP vs. WEEK — Risk / Return Rank

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

WEEK

WEEK Risk / Return Rank: 99
WEEK Sharpe Ratio Rank: 99
WEEK Sortino Ratio Rank: 99
WEEK Omega Ratio Rank: 99
WEEK Calmar Ratio Rank: 99
WEEK Martin Ratio Rank: 99

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. WEEK - 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 Roundhill Weekly T-Bill ETF (WEEK). 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	WEEK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	9.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.50	10.05	-7.55

Drawdowns

CTAP vs. WEEK - Drawdown Comparison

The maximum CTAP drawdown since its inception was -9.02%, which is greater than WEEK's maximum drawdown of -0.13%. Use the drawdown chart below to compare losses from any high point for CTAP and WEEK.

Drawdown Indicators

	CTAP	WEEK	Difference
Max Drawdown Largest peak-to-trough decline	-9.02%	-0.13%	-8.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.13%	—
Current Drawdown Current decline from peak	-4.47%	0.00%	-4.47%
Average Drawdown Average peak-to-trough decline	-2.18%	-0.01%	-2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	CTAP	WEEK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.94%	0.41%	+23.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.94%	0.39%	+23.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.94%	0.39%	+23.55%

CTAP vs. WEEK - Expense Ratio Comparison

CTAP has a 0.10% expense ratio, which is lower than WEEK's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CTAP vs. WEEK - Dividend Comparison

CTAP's dividend yield for the trailing twelve months is around 0.65%, less than WEEK's 3.72% yield.

Position	TTM	2025
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%
WEEK Roundhill Weekly T-Bill ETF	3.72%	3.27%

Frequently Asked Questions

Can I hold both CTAP and WEEK in my portfolio?

CTAP and WEEK have a correlation of -0.18, 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 WEEK?

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 WEEK?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.19% for WEEK.

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

WEEK has the higher dividend yield at 3.72%, compared with 0.65% for CTAP.

What is the main difference between CTAP and WEEK?

CTAP is categorized as Diversified Portfolio, while WEEK is Ultrashort Bond. They also come from different issuers: Simplify and Roundhill. Their fees differ too: 0.10% for CTAP and 0.19% for WEEK.