DDX vs. CTAP

Last updated Jun 4, 2026

DDX (Defined Duration 10 ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. DDX charges 0.25%/yr vs 0.10%/yr for CTAP.

Performance

DDX vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defined Duration 10 ETF (DDX) and Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDX achieves a 4.86% return, which is significantly lower than CTAP's 21.95% return.

DDX

• 1D: -0.24%
• 1M: 2.02%
• YTD: 4.86%
• 6M: 5.43%
• 1Y: 12.79%
• 3Y*: 8.16%
• 5Y*: —
• 10Y*: —

CTAP

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

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

DDX vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
DDX Defined Duration 10 ETF	4.86%	0.90%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between DDX and CTAP is 0.14, 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 10, 2025	0.14

DDX vs. CTAP - Sectors Allocation Comparison

Sectors	DDX	CTAP
Financial Services	21.9%	49.3%
Technology	15.4%	-
Industrials	14.5%	-
Healthcare	10.3%	-
Consumer Cyclical	8.7%	-
Consumer Defensive	7.1%	-
Communication Services	6.0%	-
Energy	5.0%	-
Basic Materials	5.0%	-
Utilities	3.5%	-
Real Estate	2.7%	-

Return for Risk

DDX vs. CTAP — Risk / Return Rank

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

DDX

DDX Risk / Return Rank: 70
DDX Sharpe Ratio Rank: 72
DDX Sortino Ratio Rank: 78
DDX Omega Ratio Rank: 76
DDX Calmar Ratio Rank: 59
DDX Martin Ratio Rank: 65

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.

DDX vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defined Duration 10 ETF (DDX) and Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP). 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.

	DDX	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	2.35	—	—
Sortino ratio: Return per unit of downside risk	3.49	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	2.91	—	—
Martin ratio: Return relative to average drawdown	11.71	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DDX	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	2.50	-2.13

Drawdowns

DDX vs. CTAP - Drawdown Comparison

The maximum DDX drawdown since its inception was -21.27%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for DDX and CTAP.

Drawdown Indicators

	DDX	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-21.27%	-9.02%	-12.25%
Max Drawdown (1Y) Largest decline over 1 year	-4.41%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.17%	—	—
Current Drawdown Current decline from peak	-0.24%	-4.47%	+4.23%
Average Drawdown Average peak-to-trough decline	-7.12%	-2.18%	-4.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	—	—

Volatility

Volatility by Period

	DDX	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.47%	23.94%	-18.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.48%	23.94%	-16.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.48%	23.94%	-16.46%

DDX vs. CTAP - Expense Ratio Comparison

DDX has a 0.25% expense ratio, which is higher than CTAP's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DDX vs. CTAP - Dividend Comparison

DDX's dividend yield for the trailing twelve months is around 3.39%, more than CTAP's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%
DDX Defined Duration 10 ETF	3.39%	3.17%	3.11%	2.41%	1.38%	1.14%

Frequently Asked Questions

Can I hold both DDX and CTAP in my portfolio?

DDX and CTAP have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDX or CTAP?

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, DDX or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.25% for DDX.

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

DDX has the higher dividend yield at 3.39%, compared with 0.65% for CTAP.

What is the main difference between DDX and CTAP?

They also come from different issuers: Discipline Funds and Simplify. Their fees differ too: 0.25% for DDX and 0.10% for CTAP.