FTBI vs. CTAP
FTBI (First Trust Balanced Income ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.26 correlation, their price movements are largely independent. FTBI charges 0.97%/yr vs 0.10%/yr for CTAP.
Performance
FTBI vs. CTAP - Performance Comparison
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Returns By Period
In the year-to-date period, FTBI achieves a 5.53% return, which is significantly higher than CTAP's 3.58% return.
FTBI
- 1D
- -0.10%
- 1M
- 0.43%
- YTD
- 5.53%
- 6M
- 4.65%
- 1Y
- 15.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CTAP
- 1D
- -1.57%
- 1M
- -16.23%
- YTD
- 3.58%
- 6M
- 2.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTBI vs. CTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTBI First Trust Balanced Income ETF | 5.53% | 0.34% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 3.58% | 2.22% |
Correlation
The correlation between FTBI and CTAP is 0.26, 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 | 0.26 |
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Return for Risk
FTBI vs. CTAP — Risk / Return Rank
FTBI
CTAP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FTBI vs. CTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Balanced Income ETF (FTBI) 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.
| FTBI | CTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | — | — |
| Martin ratioReturn relative to average drawdown | 12.54 | — | — |
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Drawdowns
FTBI vs. CTAP - Drawdown Comparison
The maximum FTBI drawdown since its inception was -5.34%, smaller than the maximum CTAP drawdown of -18.86%. Use the drawdown chart below to compare losses from any high point for FTBI and CTAP.
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Drawdown Indicators
| FTBI | CTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.34% | -18.86% | +13.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.34% | — | — |
Current DrawdownCurrent decline from peak | -1.12% | -18.86% | +17.74% |
Average DrawdownAverage peak-to-trough decline | -0.64% | -3.22% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | — | — |
Volatility
FTBI vs. CTAP - Volatility Comparison
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Volatility by Period
| FTBI | CTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.05% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.46% | 24.64% | -17.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.35% | 24.64% | -17.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 24.64% | -17.29% |
FTBI vs. CTAP - Expense Ratio Comparison
FTBI has a 0.97% expense ratio, which is higher than CTAP's 0.10% expense ratio.
Dividends
FTBI vs. CTAP - Dividend Comparison
FTBI's dividend yield for the trailing twelve months is around 7.95%, more than CTAP's 0.76% yield.
| Position | TTM | 2025 |
|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 0.76% | 0.00% |
FTBI First Trust Balanced Income ETF | 7.95% | 4.76% |
Frequently Asked Questions
FTBI and CTAP have a correlation of 0.26, 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 0.97% for FTBI.
FTBI has the higher dividend yield at 7.95%, compared with 0.76% for CTAP.
They also come from different issuers: First Trust and Simplify. Their fees differ too: 0.97% for FTBI and 0.10% for CTAP.
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