IYLD vs. CTAP
IYLD (iShares Morningstar Multi-Asset Income ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. IYLD is passively managed, while CTAP is actively managed. At a 0.20 correlation, their price movements are largely independent. IYLD charges 0.60%/yr vs 0.10%/yr for CTAP.
Performance
IYLD vs. CTAP - Performance Comparison
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Returns By Period
In the year-to-date period, IYLD achieves a 4.83% return, which is significantly lower than CTAP's 5.23% return.
IYLD
- 1D
- -0.42%
- 1M
- 0.14%
- YTD
- 4.83%
- 6M
- 4.78%
- 1Y
- 13.19%
- 3Y*
- 10.52%
- 5Y*
- 3.26%
- 10Y*
- 4.06%
CTAP
- 1D
- -2.94%
- 1M
- -14.89%
- YTD
- 5.23%
- 6M
- 3.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYLD vs. CTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYLD iShares Morningstar Multi-Asset Income ETF | 4.83% | 1.14% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 5.23% | 2.22% |
Correlation
The correlation between IYLD and CTAP is 0.20, 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 | 0.20 |
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Return for Risk
IYLD vs. CTAP — Risk / Return Rank
IYLD
CTAP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IYLD vs. CTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Multi-Asset Income ETF (IYLD) 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.
| IYLD | CTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | — | — |
| Martin ratioReturn relative to average drawdown | 11.00 | — | — |
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Drawdowns
IYLD vs. CTAP - Drawdown Comparison
The maximum IYLD drawdown since its inception was -30.23%, which is greater than CTAP's maximum drawdown of -17.57%. Use the drawdown chart below to compare losses from any high point for IYLD and CTAP.
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Drawdown Indicators
| IYLD | CTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.23% | -17.57% | -12.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.63% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.23% | — | — |
Current DrawdownCurrent decline from peak | -0.66% | -17.57% | +16.91% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -3.10% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | — | — |
Volatility
IYLD vs. CTAP - Volatility Comparison
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Volatility by Period
| IYLD | CTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.76% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.84% | 24.63% | -18.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.87% | 24.63% | -16.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.56% | 24.63% | -15.07% |
IYLD vs. CTAP - Expense Ratio Comparison
IYLD has a 0.60% expense ratio, which is higher than CTAP's 0.10% expense ratio.
Dividends
IYLD vs. CTAP - Dividend Comparison
IYLD's dividend yield for the trailing twelve months is around 4.61%, more than CTAP's 0.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYLD iShares Morningstar Multi-Asset Income ETF | 4.61% | 4.72% | 5.32% | 5.76% | 5.45% | 3.47% | 4.38% | 5.25% | 5.78% | 4.22% | 4.84% | 5.26% |
Frequently Asked Questions
IYLD and CTAP have a correlation of 0.20, 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 0.60% for IYLD.
IYLD has the higher dividend yield at 4.61%, compared with 0.75% for CTAP.
They also come from different issuers: iShares and Simplify. Their fees differ too: 0.60% for IYLD and 0.10% for CTAP.
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