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.
Key characteristics
| EQLS | CTA | |
|---|---|---|
| YTD Return | -1.31% | 15.88% |
| 1Y Return | -4.55% | 13.52% |
| Sharpe Ratio | -0.57 | 0.63 |
| Sortino Ratio | -0.73 | 0.98 |
| Omega Ratio | 0.91 | 1.12 |
| Calmar Ratio | -0.52 | 0.78 |
| Martin Ratio | -1.02 | 1.97 |
| Ulcer Index | 5.96% | 4.42% |
| Daily Std Dev | 10.63% | 13.74% |
| Max Drawdown | -11.68% | -18.07% |
| Current Drawdown | -9.88% | -3.71% |
Correlation
The correlation between EQLS and CTA is 0.14, 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
In the year-to-date period, EQLS achieves a -1.31% return, which is significantly lower than CTA's 15.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 9.60%, more than CTA's 8.36% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
EQLS Simplify Market Neutral Equity Long/Short ETF | 9.60% | 8.50% | 0.00% |
CTA Simplify Managed Futures Strategy ETF | 8.36% | 7.78% | 6.58% |
Drawdowns
EQLS vs. CTA - Drawdown Comparison
The maximum EQLS drawdown since its inception was -11.68%, 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
The current volatility for Simplify Market Neutral Equity Long/Short ETF (EQLS) is 2.81%, while Simplify Managed Futures Strategy ETF (CTA) has a volatility of 4.10%. This indicates that EQLS 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.