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GYLD vs. CTAP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GYLD vs. CTAP

Last updated Jun 4, 2026

GYLD (Arrow Dow Jones Global Yield ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. GYLD is passively managed, while CTAP is actively managed. At a 0.28 correlation, their price movements are largely independent. GYLD charges 0.75%/yr vs 0.10%/yr for CTAP.

Performance

GYLD vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow Dow Jones Global Yield ETF (GYLD) and Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GYLD achieves a 7.91% return, which is significantly lower than CTAP's 21.95% return.

GYLD

1D
-0.42%
1M
-0.76%
YTD
7.91%
6M
10.25%
1Y
15.94%
3Y*
15.50%
5Y*
6.21%
10Y*
4.68%

CTAP

1D
-0.32%
1M
-3.24%
YTD
21.95%
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GYLD vs. CTAP - Yearly Performance Comparison

2026 (YTD)2025
GYLD
Arrow Dow Jones Global Yield ETF		7.91%2.78%
CTAP
Simplify US Equity PLUS Managed Futures Strategy ETF		21.95%2.44%

Correlation

The correlation between GYLD and CTAP is 0.28, 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 10, 2025

0.28

GYLD vs. CTAP - Sectors Allocation Comparison

Sectors
GYLD
CTAP

Real Estate

34.8%

-

Energy

30.0%

-

Financial Services

12.0%
49.3%

Basic Materials

7.5%

-

Utilities

4.6%

-

Industrials

4.3%

-

Communication Services

2.7%

-

Consumer Cyclical

2.5%

-

Consumer Defensive

1.6%

-

Healthcare

-

-

Technology

-

-

Real Estate

GYLD
34.8%
CTAP

-

Energy

GYLD
30.0%
CTAP

-

Financial Services

GYLD
12.0%
CTAP
49.3%

Basic Materials

GYLD
7.5%
CTAP

-

Utilities

GYLD
4.6%
CTAP

-

Industrials

GYLD
4.3%
CTAP

-

Communication Services

GYLD
2.7%
CTAP

-

Consumer Cyclical

GYLD
2.5%
CTAP

-

Consumer Defensive

GYLD
1.6%
CTAP

-

Healthcare

GYLD

-

CTAP

-

Technology

GYLD

-

CTAP

-

Compare stocks, funds, or ETFs

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Arrow Dow Jones Global Yield ETF

Simplify US Equity PLUS Managed Futures Strategy ETF

Often compared with GYLD:
GYLD vs. RYLDGYLD vs. QYLDGYLD vs. SPYGYLD vs. SDIVGYLD vs. MDIVGYLD vs. MLPXGYLD vs. VOO
Often compared with CTAP:
CTAP vs. RSSTCTAP vs. CTACTAP vs. TSPXCTAP vs. RAACTAP vs. RSSBCTAP vs. VOOCTAP vs. ESBG

Return for Risk

GYLD vs. CTAP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GYLD
GYLD Risk / Return Rank: 4545
Overall Rank
GYLD Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
GYLD Sortino Ratio Rank: 3535
Sortino Ratio Rank
GYLD Omega Ratio Rank: 3535
Omega Ratio Rank
GYLD Calmar Ratio Rank: 6666
Calmar Ratio Rank
GYLD Martin Ratio Rank: 5454
Martin Ratio Rank
CTAP
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.

GYLD vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow Dow Jones Global Yield ETF (GYLD) 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.

GYLDCTAPDifference
Sharpe ratioReturn per unit of total volatility
1.26

—

—

Sortino ratioReturn per unit of downside risk
1.86

—

—

Omega ratioGain probability vs. loss probability

1.23

—

—

Calmar ratioReturn relative to maximum drawdown

3.29

—

—

Martin ratioReturn relative to average drawdown

9.19

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GYLD vs. CTAP - Sharpe Ratio Comparison

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Sharpe Ratios by Period

GYLDCTAPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.26

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.28

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

2.50

-2.29

Drawdowns

GYLD vs. CTAP - Drawdown Comparison

The maximum GYLD drawdown since its inception was -55.03%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for GYLD and CTAP.

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Drawdown Indicators

GYLDCTAPDifference

Max Drawdown

Largest peak-to-trough decline

-55.03%

-9.02%

-46.01%

Max Drawdown (1Y)

Largest decline over 1 year

-4.86%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-8.37%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-20.24%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-47.89%

—

—

Current Drawdown

Current decline from peak

-1.71%

-4.47%

+2.76%

Average Drawdown

Average peak-to-trough decline

-14.41%

-2.18%

-12.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.74%

—

—

Volatility

GYLD vs. CTAP - Volatility Comparison

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Volatility by Period

GYLDCTAPDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.16%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

9.39%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

12.78%

23.94%

-11.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.79%

23.94%

-10.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.58%

23.94%

-7.36%

GYLD vs. CTAP - Expense Ratio Comparison

GYLD has a 0.75% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

GYLD vs. CTAP - Dividend Comparison

GYLD's dividend yield for the trailing twelve months is around 7.37%, more than CTAP's 0.65% yield.

PositionTTM20252024202320222021202020192018201720162015
CTAP
Simplify US Equity PLUS Managed Futures Strategy ETF		0.65%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GYLD
Arrow Dow Jones Global Yield ETF		7.37%8.43%12.90%7.13%4.64%5.50%7.42%5.83%8.17%6.78%7.29%10.35%

Frequently Asked Questions

GYLD and CTAP have a correlation of 0.28, 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 0.75% for GYLD.

GYLD has the higher dividend yield at 7.37%, compared with 0.65% for CTAP.

They also come from different issuers: Arrow Funds and Simplify. Their fees differ too: 0.75% for GYLD and 0.10% for CTAP.

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