HIDE vs. CTAP

Last updated Jun 4, 2026

HIDE (Alpha Architect High Inflation And Deflation ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. HIDE charges 0.29%/yr vs 0.10%/yr for CTAP.

Performance

HIDE vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Architect High Inflation And Deflation ETF (HIDE) and Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIDE achieves a 6.79% return, which is significantly lower than CTAP's 21.95% return.

HIDE

• 1D: -0.11%
• 1M: -1.06%
• YTD: 6.79%
• 6M: 6.65%
• 1Y: 10.85%
• 3Y*: 4.42%
• 5Y*: —
• 10Y*: —

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)

HIDE vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
HIDE Alpha Architect High Inflation And Deflation ETF	6.79%	0.35%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between HIDE and CTAP is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025	0.53

HIDE vs. CTAP - Sectors Allocation Comparison

Sectors	HIDE	CTAP
Real Estate	99.2%	-
Communication Services	0.6%	-
Energy	0.1%	-
Industrials	0.0%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	49.3%
Healthcare	-	-
Technology	-	-
Utilities	-	-

Return for Risk

HIDE vs. CTAP — Risk / Return Rank

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

HIDE

HIDE Risk / Return Rank: 81
HIDE Sharpe Ratio Rank: 75
HIDE Sortino Ratio Rank: 76
HIDE Omega Ratio Rank: 82
HIDE Calmar Ratio Rank: 85
HIDE Martin Ratio Rank: 88

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.

HIDE vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Architect High Inflation And Deflation ETF (HIDE) 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.

	HIDE	CTAP	Difference
Sharpe ratio Return per unit of total volatility	2.46	—	—
Sortino ratio Return per unit of downside risk	3.46	—	—
Omega ratio Gain probability vs. loss probability	1.50	—	—
Calmar ratio Return relative to maximum drawdown	4.72	—	—
Martin ratio Return relative to average drawdown	19.36	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HIDE	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	2.50	-1.59

Drawdowns

HIDE vs. CTAP - Drawdown Comparison

The maximum HIDE drawdown since its inception was -5.15%, smaller than the maximum CTAP drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for HIDE and CTAP.

Drawdown Indicators

	HIDE	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-5.15%	-9.02%	+3.87%
Max Drawdown (1Y) Largest decline over 1 year	-2.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.15%	—	—
Current Drawdown Current decline from peak	-1.73%	-4.47%	+2.74%
Average Drawdown Average peak-to-trough decline	-0.94%	-2.18%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	—	—

Volatility

Volatility by Period

	HIDE	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.43%	23.94%	-19.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.25%	23.94%	-19.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.25%	23.94%	-19.69%

HIDE vs. CTAP - Expense Ratio Comparison

HIDE has a 0.29% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

HIDE vs. CTAP - Dividend Comparison

HIDE's dividend yield for the trailing twelve months is around 2.96%, more than CTAP's 0.65% yield.

Position	TTM	2025	2024	2023	2022
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%	0.00%	0.00%	0.00%
HIDE Alpha Architect High Inflation And Deflation ETF	2.96%	3.16%	2.86%	3.90%	6.25%

Frequently Asked Questions

Can I hold both HIDE and CTAP in my portfolio?

HIDE and CTAP have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HIDE or CTAP?

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.

Which ETF is cheaper, HIDE or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.29% for HIDE.

Which ETF pays a higher dividend yield, HIDE or CTAP?

HIDE has the higher dividend yield at 2.96%, compared with 0.65% for CTAP.

What is the main difference between HIDE and CTAP?

They also come from different issuers: Alpha Architect and Simplify. Their fees differ too: 0.29% for HIDE and 0.10% for CTAP.