HYIN vs. CTAP

Last updated Jun 4, 2026

HYIN (WisdomTree Alternative Income Fund) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. HYIN is passively managed, while CTAP is actively managed. At a 0.12 correlation, their price movements are largely independent. HYIN charges 3.20%/yr vs 0.10%/yr for CTAP.

Performance

HYIN vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Alternative Income Fund (HYIN) 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, HYIN achieves a -6.43% return, which is significantly lower than CTAP's 21.95% return.

HYIN

• 1D: -1.40%
• 1M: -4.77%
• YTD: -6.43%
• 6M: -7.89%
• 1Y: -4.98%
• 3Y*: 4.61%
• 5Y*: -0.74%
• 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)

HYIN vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
HYIN WisdomTree Alternative Income Fund	-6.43%	-0.16%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between HYIN and CTAP is 0.12, 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	0.12

HYIN vs. CTAP - Sectors Allocation Comparison

Sectors	HYIN	CTAP
Real Estate	63.0%	-
Financial Services	37.0%	49.3%
Energy	0.0%	-
Basic Materials	0.0%	-
Communication Services	0.0%	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

HYIN vs. CTAP — Risk / Return Rank

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

HYIN

HYIN Risk / Return Rank: 5
HYIN Sharpe Ratio Rank: 5
HYIN Sortino Ratio Rank: 5
HYIN Omega Ratio Rank: 5
HYIN Calmar Ratio Rank: 6
HYIN Martin Ratio Rank: 6

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.

HYIN vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) 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.

	HYIN	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	—	—
Sortino ratio: Return per unit of downside risk	-0.47	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.32	—	—
Martin ratio: Return relative to average drawdown	-0.69	—	—
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

	HYIN	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.39	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	2.50	-2.51

Drawdowns

HYIN vs. CTAP - Drawdown Comparison

The maximum HYIN drawdown since its inception was -31.10%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for HYIN and CTAP.

Drawdown Indicators

	HYIN	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-31.10%	-9.02%	-22.08%
Max Drawdown (1Y) Largest decline over 1 year	-15.52%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.10%	—	—
Current Drawdown Current decline from peak	-12.18%	-4.47%	-7.71%
Average Drawdown Average peak-to-trough decline	-9.02%	-2.18%	-6.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.24%	—	—

Volatility

Volatility by Period

	HYIN	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.76%	23.94%	-11.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	23.94%	-7.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.80%	23.94%	-7.14%

HYIN vs. CTAP - Expense Ratio Comparison

HYIN has a 3.20% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

HYIN vs. CTAP - Dividend Comparison

HYIN's dividend yield for the trailing twelve months is around 13.44%, more than CTAP's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%
HYIN WisdomTree Alternative Income Fund	13.44%	12.58%	12.59%	11.71%	11.34%	4.13%

Frequently Asked Questions

Can I hold both HYIN and CTAP in my portfolio?

HYIN and CTAP have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYIN 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, HYIN or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 3.20% for HYIN.

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

HYIN has the higher dividend yield at 13.44%, compared with 0.65% for CTAP.

What is the main difference between HYIN and CTAP?

They also come from different issuers: WisdomTree and Simplify. Their fees differ too: 3.20% for HYIN and 0.10% for CTAP.