DRSK vs. CTAP
DRSK (Aptus Defined Risk ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. DRSK charges 0.79%/yr vs 0.10%/yr for CTAP.
Performance
DRSK vs. CTAP - Performance Comparison
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Returns By Period
In the year-to-date period, DRSK achieves a 2.81% return, which is significantly lower than CTAP's 5.69% return.
DRSK
- 1D
- 0.10%
- 1M
- -0.33%
- 6M
- 2.23%
- YTD
- 2.81%
- 1Y
- 5.60%
- 3Y*
- 8.89%
- 5Y*
- 2.53%
- 10Y*
- —
CTAP
- 1D
- 0.11%
- 1M
- -6.46%
- 6M
- 1.62%
- YTD
- 5.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRSK vs. CTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRSK Aptus Defined Risk ETF | 2.81% | -1.29% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 5.69% | 2.22% |
Correlation
The correlation between DRSK and CTAP is 0.17, 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 | 0.17 |
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Return for Risk
DRSK vs. CTAP — Risk / Return Rank
DRSK
CTAP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DRSK vs. CTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus Defined Risk ETF (DRSK) 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.
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.
| DRSK | CTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.12 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | — | — |
| Martin ratioReturn relative to average drawdown | 1.84 | — | — |
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Drawdowns
DRSK vs. CTAP - Drawdown Comparison
The maximum DRSK drawdown since its inception was -19.87%, roughly equal to the maximum CTAP drawdown of -20.48%. Use the drawdown chart below to compare losses from any high point for DRSK and CTAP.
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Drawdown Indicators
| DRSK | CTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.87% | -20.48% | +0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.20% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -9.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.87% | — | — |
Current DrawdownCurrent decline from peak | -2.14% | -17.21% | +15.07% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -4.33% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | — | — |
Volatility
DRSK vs. CTAP - Volatility Comparison
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Volatility by Period
| DRSK | CTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.10% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.84% | 24.40% | -16.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 24.40% | -16.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.05% | 24.40% | -17.35% |
DRSK vs. CTAP - Expense Ratio Comparison
DRSK has a 0.79% expense ratio, which is higher than CTAP's 0.10% expense ratio.
Dividends
DRSK vs. CTAP - Dividend Comparison
DRSK's dividend yield for the trailing twelve months is around 3.69%, more than CTAP's 1.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DRSK Aptus Defined Risk ETF | 3.69% | 3.67% | 3.31% | 3.57% | 1.93% | 2.64% | 5.69% | 3.04% | 2.62% |
Frequently Asked Questions
DRSK and CTAP have a correlation of 0.17, 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 0.79% for DRSK.
DRSK has the higher dividend yield at 3.69%, compared with 1.88% for CTAP.
They also come from different issuers: Aptus Capital Advisors and Simplify. Their fees differ too: 0.79% for DRSK and 0.10% for CTAP.
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