EQLS vs. CTA
Compare and contrast key facts about Simplify Market Neutral Equity Long/Short ETF (EQLS) and Simplify Managed Futures Strategy ETF (CTA).
EQLS and CTA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQLS is an actively managed fund by Simplify. It was launched on Jun 13, 2023. CTA is an actively managed fund by Simplify. It was launched on Mar 7, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQLS or CTA.
Correlation
The correlation between EQLS and CTA is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EQLS vs. CTA - Performance Comparison
Key characteristics
EQLS:
-0.68
CTA:
1.91
EQLS:
-0.88
CTA:
2.96
EQLS:
0.90
CTA:
1.34
EQLS:
-0.57
CTA:
2.23
EQLS:
-1.00
CTA:
5.85
EQLS:
7.70%
CTA:
4.13%
EQLS:
11.21%
CTA:
12.69%
EQLS:
-13.33%
CTA:
-18.07%
EQLS:
-10.71%
CTA:
-1.24%
Returns By Period
The year-to-date returns for both investments are quite close, with EQLS having a 2.74% return and CTA slightly higher at 2.87%.
EQLS
2.74%
1.01%
-7.17%
-8.12%
N/A
N/A
CTA
2.87%
2.60%
14.49%
24.34%
N/A
N/A
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EQLS vs. CTA - Expense Ratio Comparison
EQLS has a 1.00% expense ratio, which is higher than CTA's 0.78% expense ratio.
Risk-Adjusted Performance
EQLS vs. CTA — Risk-Adjusted Performance Rank
EQLS
CTA
EQLS vs. CTA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Market Neutral Equity Long/Short ETF (EQLS) 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.
Dividends
EQLS vs. CTA - Dividend Comparison
EQLS's dividend yield for the trailing twelve months is around 0.93%, less than CTA's 4.66% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
EQLS Simplify Market Neutral Equity Long/Short ETF | 0.93% | 0.95% | 8.50% | 0.00% |
CTA Simplify Managed Futures Strategy ETF | 4.66% | 4.80% | 7.78% | 6.58% |
Drawdowns
EQLS vs. CTA - Drawdown Comparison
The maximum EQLS drawdown since its inception was -13.33%, smaller than the maximum CTA drawdown of -18.07%. Use the drawdown chart below to compare losses from any high point for EQLS and CTA. For additional features, visit the drawdowns tool.
Volatility
EQLS vs. CTA - Volatility Comparison
Simplify Market Neutral Equity Long/Short ETF (EQLS) has a higher volatility of 4.59% compared to Simplify Managed Futures Strategy ETF (CTA) at 3.84%. This indicates that EQLS's price experiences larger fluctuations and is considered to be riskier than CTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.