DINE vs. CTA

Last updated Jul 1, 2026

DINE (Simplify Tax Aware Diversified Income Strategy ETF) and CTA (Simplify Managed Futures Strategy ETF) are both exchange-traded funds - DINE is a Multistrategy fund actively managed by Simplify, while CTA is a Systematic Trend fund actively managed by Simplify. Both are actively managed. At a correlation of -0.25, they often move in opposite directions. DINE charges 0.15%/yr vs 0.78%/yr for CTA.

Performance

DINE vs. CTA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Tax Aware Diversified Income Strategy ETF (DINE) and Simplify Managed Futures Strategy ETF (CTA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DINE

• 1D: 0.10%
• 1M: 0.87%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTA

• 1D: -0.15%
• 1M: -9.73%
• YTD: -2.09%
• 6M: -1.55%
• 1Y: 1.65%
• 3Y*: 6.80%
• 5Y*: —
• 10Y*: —

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

DINE vs. CTA - Yearly Performance Comparison

	2026 (YTD)
DINE Simplify Tax Aware Diversified Income Strategy ETF	1.68%
CTA Simplify Managed Futures Strategy ETF	-19.66%

Correlation

The correlation between DINE and CTA is -0.25, 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 May 5, 2026	-0.25

Return for Risk

DINE vs. CTA — Risk / Return Rank

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

DINE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CTA

CTA Risk / Return Rank: 10
CTA Sharpe Ratio Rank: 10
CTA Sortino Ratio Rank: 9
CTA Omega Ratio Rank: 10
CTA Calmar Ratio Rank: 10
CTA Martin Ratio Rank: 10

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.

DINE vs. CTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Tax Aware Diversified Income Strategy ETF (DINE) and Simplify Managed Futures Strategy ETF (CTA). 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.

	DINE	CTA	Difference
Sharpe ratio: Return per unit of total volatility	—	0.08	—
Sortino ratio: Return per unit of downside risk	—	0.24	—
Omega ratio: Gain probability vs. loss probability	—	1.03	—
Calmar ratio: Return relative to maximum drawdown	—	0.08	—
Martin ratio: Return relative to average drawdown	—	0.29	—

Drawdowns

DINE vs. CTA - Drawdown Comparison

The maximum DINE drawdown since its inception was -1.23%, smaller than the maximum CTA drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for DINE and CTA.

Drawdown Indicators

	DINE	CTA	Difference
Max Drawdown Largest peak-to-trough decline	-1.23%	-19.73%	+18.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.73%	—
Current Drawdown Current decline from peak	0.00%	-19.66%	+19.66%
Average Drawdown Average peak-to-trough decline	-0.25%	-5.84%	+5.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.81%	—

Volatility

Volatility by Period

	DINE	CTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.28%	20.43%	-16.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.28%	16.62%	-12.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.28%	16.62%	-12.34%

DINE vs. CTA - Expense Ratio Comparison

DINE has a 0.15% expense ratio, which is lower than CTA's 0.78% expense ratio.

Dividends

DINE vs. CTA - Dividend Comparison

DINE's dividend yield for the trailing twelve months is around 0.20%, less than CTA's 5.13% yield.

Position	TTM	2025	2024	2023	2022
CTA Simplify Managed Futures Strategy ETF	5.13%	3.19%	4.80%	7.78%	6.58%
DINE Simplify Tax Aware Diversified Income Strategy ETF	0.20%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DINE and CTA in my portfolio?

DINE and CTA have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DINE or CTA?

On fees, DINE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DINE or CTA?

DINE is cheaper with a 0.15% expense ratio, compared with 0.78% for CTA.

Which ETF pays a higher dividend yield, DINE or CTA?

CTA has the higher dividend yield at 5.13%, compared with 0.20% for DINE.

What is the main difference between DINE and CTA?

DINE is categorized as Multistrategy, while CTA is Systematic Trend. Their fees differ too: 0.15% for DINE and 0.78% for CTA.