CTIF vs. CTEF

Last updated Jul 14, 2026

CTIF (Castellan Targeted Income ETF) and CTEF (Castellan Targeted Equity ETF) are both exchange-traded funds - CTIF is a Derivative Income fund managed by Castellan, while CTEF is a Mid Cap Blend Equities fund actively managed by Castellan. Over the past year, CTIF returned 8.48% vs 69.18% for CTEF. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.

Performance

CTIF vs. CTEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Castellan Targeted Income ETF (CTIF) and Castellan Targeted Equity ETF (CTEF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTIF achieves a 6.06% return, which is significantly lower than CTEF's 34.60% return.

CTIF

• 1D: -0.32%
• 1M: 1.76%
• 6M: 2.56%
• YTD: 6.06%
• 1Y: 8.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTEF

• 1D: -2.30%
• 1M: 1.32%
• 6M: 29.15%
• YTD: 34.60%
• 1Y: 69.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CTIF vs. CTEF - Yearly Performance Comparison

	2026 (YTD)	2025
CTIF Castellan Targeted Income ETF	6.06%	3.87%
CTEF Castellan Targeted Equity ETF	34.60%	29.91%

Correlation

The correlation between CTIF and CTEF is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.67

The correlation between CTIF and CTEF has been stable across timeframes, ranging from 0.67 to 0.68 - a consistent structural relationship.

Return for Risk

CTIF vs. CTEF — Risk / Return Rank

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

CTIF

CTIF Risk / Return Rank: 24
CTIF Sharpe Ratio Rank: 23
CTIF Sortino Ratio Rank: 22
CTIF Omega Ratio Rank: 21
CTIF Calmar Ratio Rank: 24
CTIF Martin Ratio Rank: 29

CTEF

CTEF Risk / Return Rank: 93
CTEF Sharpe Ratio Rank: 95
CTEF Sortino Ratio Rank: 94
CTEF Omega Ratio Rank: 91
CTEF Calmar Ratio Rank: 91
CTEF Martin Ratio Rank: 94

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.

CTIF vs. CTEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Castellan Targeted Income ETF (CTIF) and Castellan Targeted Equity ETF (CTEF). 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.

	CTIF	CTEF	Difference
Sharpe ratio: Return per unit of total volatility	0.67	3.00	-2.33
Sortino ratio: Return per unit of downside risk	1.04	3.84	-2.81
Omega ratio: Gain probability vs. loss probability	1.12	1.48	-0.35
Calmar ratio: Return relative to maximum drawdown	0.90	4.64	-3.73
Martin ratio: Return relative to average drawdown	3.26	21.02	-17.76

CTIF vs. CTEF - Sharpe Ratio Comparison

The current CTIF Sharpe Ratio is 0.67, which is lower than the CTEF Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of CTIF and CTEF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CTIF vs. CTEF - Drawdown Comparison

The maximum CTIF drawdown since its inception was -9.43%, smaller than the maximum CTEF drawdown of -15.00%. Use the drawdown chart below to compare losses from any high point for CTIF and CTEF.

Drawdown Indicators

	CTIF	CTEF	Difference
Max Drawdown Largest peak-to-trough decline	-9.43%	-15.00%	+5.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-15.00%	+5.57%
Current Drawdown Current decline from peak	-0.32%	-4.77%	+4.45%
Average Drawdown Average peak-to-trough decline	-1.81%	-1.79%	-0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	3.30%	-0.69%

Volatility

CTIF vs. CTEF - Volatility Comparison

The current volatility for Castellan Targeted Income ETF (CTIF) is 3.70%, while Castellan Targeted Equity ETF (CTEF) has a volatility of 8.60%. This indicates that CTIF experiences smaller price fluctuations and is considered to be less risky than CTEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTIF	CTEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	8.60%	-4.90%
Volatility (6M) Calculated over the trailing 6-month period	9.66%	19.41%	-9.75%
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	23.22%	-10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.56%	22.65%	-10.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.56%	22.65%	-10.09%

CTIF vs. CTEF - Expense Ratio Comparison

Both CTIF and CTEF have an expense ratio of 0.45%.

Dividends

CTIF vs. CTEF - Dividend Comparison

CTIF's dividend yield for the trailing twelve months is around 4.90%, more than CTEF's 0.06% yield.

Position	TTM	2025
CTEF Castellan Targeted Equity ETF	0.06%	0.08%
CTIF Castellan Targeted Income ETF	4.90%	2.55%

Frequently Asked Questions

Can I hold both CTIF and CTEF in my portfolio?

CTIF and CTEF have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CTIF or CTEF?

CTEF has higher volatility (8.60%) compared to CTIF (3.70%). In terms of maximum drawdown, CTIF dropped -9.43% vs CTEF's -15.00%.

Which ETF is better, CTIF or CTEF?

On 1-year performance, CTEF leads with 69.18% vs 8.48% for CTIF. Both ETFs have the same 0.45% expense ratio. On volatility, CTIF has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CTIF or CTEF?

Over the 1-year period, CTEF has performed better with a 69.18% return vs 8.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CTIF or CTEF?

CTIF and CTEF have the same expense ratio: 0.45% per year.

Which ETF pays a higher dividend yield, CTIF or CTEF?

CTIF has the higher dividend yield at 4.90%, compared with 0.06% for CTEF.

What is the main difference between CTIF and CTEF?

CTIF is categorized as Derivative Income, while CTEF is Mid Cap Blend Equities.

Which has better risk-adjusted returns?

CTEF currently has the higher Sharpe Ratio (3.00 vs 0.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.