HARD vs. CTA
Compare and contrast key facts about Simplify Commodities Strategy No K-1 ETF (HARD) and Simplify Managed Futures Strategy ETF (CTA).
HARD and CTA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HARD is an actively managed fund by Simplify. It was launched on Mar 27, 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: HARD or CTA.
Key characteristics
| HARD | CTA | |
|---|---|---|
| YTD Return | 6.73% | 15.66% |
| 1Y Return | 5.50% | 8.49% |
| Sharpe Ratio | 0.43 | 0.59 |
| Sortino Ratio | 0.72 | 0.93 |
| Omega Ratio | 1.09 | 1.12 |
| Calmar Ratio | 0.46 | 0.73 |
| Martin Ratio | 1.12 | 1.76 |
| Ulcer Index | 4.83% | 4.64% |
| Daily Std Dev | 12.50% | 13.75% |
| Max Drawdown | -11.78% | -18.07% |
| Current Drawdown | -6.63% | -3.89% |
Correlation
The correlation between HARD and CTA is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HARD vs. CTA - Performance Comparison
In the year-to-date period, HARD achieves a 6.73% return, which is significantly lower than CTA's 15.66% 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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HARD vs. CTA - Expense Ratio Comparison
HARD has a 0.75% expense ratio, which is lower than CTA's 0.78% expense ratio.
Risk-Adjusted Performance
HARD vs. CTA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Commodities Strategy No K-1 ETF (HARD) 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
HARD vs. CTA - Dividend Comparison
HARD's dividend yield for the trailing twelve months is around 3.52%, less than CTA's 8.38% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
HARD Simplify Commodities Strategy No K-1 ETF | 3.52% | 1.95% | 0.00% |
CTA Simplify Managed Futures Strategy ETF | 8.38% | 7.78% | 6.58% |
Drawdowns
HARD vs. CTA - Drawdown Comparison
The maximum HARD drawdown since its inception was -11.78%, smaller than the maximum CTA drawdown of -18.07%. Use the drawdown chart below to compare losses from any high point for HARD and CTA. For additional features, visit the drawdowns tool.
Volatility
HARD vs. CTA - Volatility Comparison
Simplify Commodities Strategy No K-1 ETF (HARD) has a higher volatility of 6.23% compared to Simplify Managed Futures Strategy ETF (CTA) at 4.10%. This indicates that HARD's price experiences larger fluctuations and is considered to be riskier than CTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.