EBSIX vs. CTA

Last updated Jun 4, 2026

EBSIX (Campbell Systematic Macro Fund Class I Shares) and CTA (Simplify Managed Futures Strategy ETF) are both funds - EBSIX is a Macro Trading fund managed by Campbell & Company, while CTA is a Systematic Trend fund actively managed by Simplify. Over the past 3 years, EBSIX returned 4.42%/yr vs 11.79%/yr for CTA. At a 0.40 correlation, their price movements are largely independent. EBSIX charges 1.75%/yr vs 0.78%/yr for CTA.

Performance

EBSIX vs. CTA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Campbell Systematic Macro Fund Class I Shares (EBSIX) and Simplify Managed Futures Strategy ETF (CTA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EBSIX achieves a 9.83% return, which is significantly lower than CTA's 12.30% return.

EBSIX

• 1D: 0.59%
• 1M: 0.59%
• YTD: 9.83%
• 6M: 10.18%
• 1Y: 5.98%
• 3Y*: 4.42%
• 5Y*: 8.76%
• 10Y*: —

CTA

• 1D: 0.54%
• 1M: -7.86%
• YTD: 12.30%
• 6M: 13.80%
• 1Y: 15.57%
• 3Y*: 11.79%
• 5Y*: —
• 10Y*: —

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

EBSIX vs. CTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EBSIX Campbell Systematic Macro Fund Class I Shares	9.83%	-1.14%	11.63%	-1.83%	14.88%
CTA Simplify Managed Futures Strategy ETF	12.30%	0.88%	24.15%	-2.23%	9.55%

Correlation

The correlation between EBSIX and CTA is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Mar 9, 2022	0.40

Return for Risk

EBSIX vs. CTA — Risk / Return Rank

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

EBSIX

EBSIX Risk / Return Rank: 9
EBSIX Sharpe Ratio Rank: 9
EBSIX Sortino Ratio Rank: 9
EBSIX Omega Ratio Rank: 8
EBSIX Calmar Ratio Rank: 10
EBSIX Martin Ratio Rank: 7

CTA

CTA Risk / Return Rank: 24
CTA Sharpe Ratio Rank: 22
CTA Sortino Ratio Rank: 20
CTA Omega Ratio Rank: 22
CTA Calmar Ratio Rank: 29
CTA Martin Ratio Rank: 26

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.

EBSIX vs. CTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Campbell Systematic Macro Fund Class I Shares (EBSIX) 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.

	EBSIX	CTA	Difference
Sharpe ratio: Return per unit of total volatility	0.72	0.78	-0.06
Sortino ratio: Return per unit of downside risk	1.08	1.12	-0.03
Omega ratio: Gain probability vs. loss probability	1.13	1.15	-0.03
Calmar ratio: Return relative to maximum drawdown	0.99	1.42	-0.44
Martin ratio: Return relative to average drawdown	2.18	3.72	-1.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBSIX vs. CTA - Sharpe Ratio Comparison

The current EBSIX Sharpe Ratio is 0.72, which is comparable to the CTA Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of EBSIX and CTA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EBSIX	CTA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	0.78	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	0.62	+0.54

Drawdowns

EBSIX vs. CTA - Drawdown Comparison

The maximum EBSIX drawdown since its inception was -10.96%, smaller than the maximum CTA drawdown of -18.07%. Use the drawdown chart below to compare losses from any high point for EBSIX and CTA.

Drawdown Indicators

	EBSIX	CTA	Difference
Max Drawdown Largest peak-to-trough decline	-10.96%	-18.07%	+7.11%
Max Drawdown (1Y) Largest decline over 1 year	-5.88%	-11.00%	+5.12%
Max Drawdown (3Y) Largest decline over 3 years	-10.26%	-11.23%	+0.97%
Max Drawdown (5Y) Largest decline over 5 years	-10.96%	—	—
Current Drawdown Current decline from peak	-0.77%	-7.86%	+7.09%
Average Drawdown Average peak-to-trough decline	-3.06%	-5.67%	+2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	4.19%	-1.55%

Volatility

EBSIX vs. CTA - Volatility Comparison

The current volatility for Campbell Systematic Macro Fund Class I Shares (EBSIX) is 1.99%, while Simplify Managed Futures Strategy ETF (CTA) has a volatility of 7.76%. This indicates that EBSIX experiences smaller price fluctuations and is considered to be less risky than CTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBSIX	CTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	7.76%	-5.77%
Volatility (6M) Calculated over the trailing 6-month period	5.91%	17.30%	-11.39%
Volatility (1Y) Calculated over the trailing 1-year period	8.08%	20.12%	-12.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.56%	16.58%	-7.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.46%	16.58%	-7.12%

EBSIX vs. CTA - Expense Ratio Comparison

EBSIX has a 1.75% expense ratio, which is higher than CTA's 0.78% expense ratio.

Dividends

EBSIX vs. CTA - Dividend Comparison

EBSIX's dividend yield for the trailing twelve months is around 2.88%, less than CTA's 4.85% yield.

Position	TTM	2025	2024	2023	2022	2021
CTA Simplify Managed Futures Strategy ETF	4.85%	3.19%	4.80%	7.78%	6.58%	0.00%
EBSIX Campbell Systematic Macro Fund Class I Shares	2.88%	3.16%	2.90%	1.82%	15.10%	7.73%

Frequently Asked Questions

Can I hold both EBSIX and CTA in my portfolio?

EBSIX and CTA have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EBSIX or CTA?

CTA has higher volatility (7.76%) compared to EBSIX (1.99%). In terms of maximum drawdown, EBSIX dropped -10.96% vs CTA's -18.07%.

Which has better risk-adjusted returns?

CTA currently has the higher Sharpe Ratio (0.78 vs 0.72), 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.