ETHO vs. CTEF

Last updated Jun 24, 2026

ETHO (Amplify Etho Climate Leadership U.S. ETF) and CTEF (Castellan Targeted Equity ETF) are both Mid Cap Blend Equities funds. ETHO is passively managed, while CTEF is actively managed. Over the past year, ETHO returned 35.29% vs 81.04% for CTEF. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.

Performance

ETHO vs. CTEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Etho Climate Leadership U.S. ETF (ETHO) and Castellan Targeted Equity ETF (CTEF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETHO achieves a 17.79% return, which is significantly lower than CTEF's 36.91% return.

ETHO

• 1D: -0.81%
• 1M: 2.54%
• YTD: 17.79%
• 6M: 15.68%
• 1Y: 35.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTEF

• 1D: -2.45%
• 1M: 13.53%
• YTD: 36.91%
• 6M: 33.85%
• 1Y: 81.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHO vs. CTEF - Yearly Performance Comparison

	2026 (YTD)	2025
ETHO Amplify Etho Climate Leadership U.S. ETF	17.79%	16.33%
CTEF Castellan Targeted Equity ETF	36.91%	33.10%

Correlation

The correlation between ETHO and CTEF is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.75

The correlation between ETHO and CTEF has been stable across timeframes, ranging from 0.75 to 0.75 - a consistent structural relationship.

Return for Risk

ETHO vs. CTEF — Risk / Return Rank

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

ETHO

ETHO Risk / Return Rank: 70
ETHO Sharpe Ratio Rank: 66
ETHO Sortino Ratio Rank: 65
ETHO Omega Ratio Rank: 58
ETHO Calmar Ratio Rank: 79
ETHO Martin Ratio Rank: 80

CTEF

CTEF Risk / Return Rank: 93
CTEF Sharpe Ratio Rank: 96
CTEF Sortino Ratio Rank: 94
CTEF Omega Ratio Rank: 92
CTEF Calmar Ratio Rank: 91
CTEF Martin Ratio Rank: 94

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.

ETHO vs. CTEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Etho Climate Leadership U.S. ETF (ETHO) and Castellan Targeted Equity ETF (CTEF). 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.

	ETHO	CTEF	Difference
Sharpe ratio: Return per unit of total volatility	1.99	3.60	-1.61
Sortino ratio: Return per unit of downside risk	2.79	4.48	-1.69
Omega ratio: Gain probability vs. loss probability	1.34	1.57	-0.24
Calmar ratio: Return relative to maximum drawdown	3.83	5.43	-1.60
Martin ratio: Return relative to average drawdown	14.84	25.12	-10.29

ETHO vs. CTEF - Sharpe Ratio Comparison

The current ETHO Sharpe Ratio is 1.99, which is lower than the CTEF Sharpe Ratio of 3.60. The chart below compares the historical Sharpe Ratios of ETHO and CTEF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETHO vs. CTEF - Drawdown Comparison

The maximum ETHO drawdown since its inception was -25.50%, which is greater than CTEF's maximum drawdown of -15.00%. Use the drawdown chart below to compare losses from any high point for ETHO and CTEF.

Drawdown Indicators

	ETHO	CTEF	Difference
Max Drawdown Largest peak-to-trough decline	-25.50%	-15.00%	-10.50%
Max Drawdown (1Y) Largest decline over 1 year	-9.25%	-15.00%	+5.75%
Current Drawdown Current decline from peak	-1.32%	-2.45%	+1.13%
Average Drawdown Average peak-to-trough decline	-4.43%	-1.75%	-2.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	3.24%	-0.86%

Volatility

ETHO vs. CTEF - Volatility Comparison

The current volatility for Amplify Etho Climate Leadership U.S. ETF (ETHO) is 5.07%, while Castellan Targeted Equity ETF (CTEF) has a volatility of 9.15%. This indicates that ETHO experiences smaller price fluctuations and is considered to be less risky than CTEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHO	CTEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	9.15%	-4.08%
Volatility (6M) Calculated over the trailing 6-month period	13.16%	19.03%	-5.87%
Volatility (1Y) Calculated over the trailing 1-year period	17.89%	22.64%	-4.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.47%	22.56%	-3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.47%	22.56%	-3.09%

ETHO vs. CTEF - Expense Ratio Comparison

Both ETHO and CTEF have an expense ratio of 0.45%.

Dividends

ETHO vs. CTEF - Dividend Comparison

ETHO's dividend yield for the trailing twelve months is around 0.73%, more than CTEF's 0.06% yield.

Position	TTM	2025	2024
CTEF Castellan Targeted Equity ETF	0.06%	0.08%	0.00%
ETHO Amplify Etho Climate Leadership U.S. ETF	0.73%	0.86%	0.69%

Frequently Asked Questions

Can I hold both ETHO and CTEF in my portfolio?

ETHO and CTEF have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETHO or CTEF?

CTEF has higher volatility (9.15%) compared to ETHO (5.07%). In terms of maximum drawdown, ETHO dropped -25.50% vs CTEF's -15.00%.

Which ETF is better, ETHO or CTEF?

On 1-year performance, CTEF leads with 81.04% vs 35.29% for ETHO. Both ETFs have the same 0.45% expense ratio. On volatility, ETHO has been the lower-risk option at 5.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETHO or CTEF?

Over the 1-year period, CTEF has performed better with a 81.04% return vs 35.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETHO or CTEF?

ETHO and CTEF have the same expense ratio: 0.45% per year.

Which ETF pays a higher dividend yield, ETHO or CTEF?

ETHO has the higher dividend yield at 0.73%, compared with 0.06% for CTEF.

What is the main difference between ETHO and CTEF?

They also come from different issuers: Amplify and Castellan.

Which has better risk-adjusted returns?

CTEF currently has the higher Sharpe Ratio (3.60 vs 1.99), 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.