FDAT vs. CTAP
FDAT (Tactical Advantage ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.25 correlation, their price movements are largely independent. FDAT charges 0.74%/yr vs 0.10%/yr for CTAP.
Performance
FDAT vs. CTAP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FDAT achieves a 5.18% return, which is significantly lower than CTAP's 8.12% return.
FDAT
- 1D
- 0.40%
- 1M
- 1.19%
- 6M
- 1.41%
- YTD
- 5.18%
- 1Y
- 11.76%
- 3Y*
- 8.29%
- 5Y*
- —
- 10Y*
- —
CTAP
- 1D
- -1.33%
- 1M
- -2.44%
- 6M
- 4.27%
- YTD
- 8.12%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDAT vs. CTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FDAT Tactical Advantage ETF | 5.18% | 0.38% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 8.12% | 2.22% |
Correlation
The correlation between FDAT and CTAP is 0.25, 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 | 0.25 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FDAT vs. CTAP — Risk / Return Rank
FDAT
CTAP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FDAT vs. CTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tactical Advantage ETF (FDAT) 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.
| FDAT | CTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | — | — |
| Martin ratioReturn relative to average drawdown | 5.46 | — | — |
Loading charts...
Drawdowns
FDAT vs. CTAP - Drawdown Comparison
The maximum FDAT drawdown since its inception was -8.20%, smaller than the maximum CTAP drawdown of -20.48%. Use the drawdown chart below to compare losses from any high point for FDAT and CTAP.
Loading charts...
Drawdown Indicators
| FDAT | CTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.20% | -20.48% | +12.28% |
Max Drawdown (1Y)Largest decline over 1 year | -5.88% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.20% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -15.31% | +14.84% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -4.61% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | — | — |
Volatility
FDAT vs. CTAP - Volatility Comparison
Loading charts...
Volatility by Period
| FDAT | CTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.30% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.48% | 24.35% | -13.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.56% | 24.35% | -14.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.56% | 24.35% | -14.79% |
FDAT vs. CTAP - Expense Ratio Comparison
FDAT has a 0.74% expense ratio, which is higher than CTAP's 0.10% expense ratio.
Dividends
FDAT vs. CTAP - Dividend Comparison
FDAT's dividend yield for the trailing twelve months is around 5.84%, more than CTAP's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 1.84% | 0.00% | 0.00% | 0.00% |
FDAT Tactical Advantage ETF | 5.84% | 4.77% | 8.99% | 1.58% |
Frequently Asked Questions
FDAT and CTAP have a correlation of 0.25, 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 0.74% for FDAT.
FDAT has the higher dividend yield at 5.84%, compared with 1.84% for CTAP.
They also come from different issuers: Tactical Funds and Simplify. Their fees differ too: 0.74% for FDAT and 0.10% for CTAP.
Find the right allocation for FDAT and CTAP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer