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IYLD vs. CTAP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYLD vs. CTAP

Last updated Jun 4, 2026

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 0.17 correlation, their price movements are largely independent. IYLD charges 0.60%/yr vs 0.10%/yr for CTAP.

Performance

IYLD vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Multi-Asset Income ETF (IYLD) 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, IYLD achieves a 4.95% return, which is significantly lower than CTAP's 21.95% return.

IYLD

1D
-0.20%
1M
1.01%
YTD
4.95%
6M
5.45%
1Y
14.02%
3Y*
10.59%
5Y*
3.36%
10Y*
4.00%

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)

IYLD vs. CTAP - Yearly Performance Comparison

2026 (YTD)2025
IYLD
iShares Morningstar Multi-Asset Income ETF		4.95%0.99%
CTAP
Simplify US Equity PLUS Managed Futures Strategy ETF		21.95%2.44%

Correlation

The correlation between IYLD and CTAP is 0.17, 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

0.17

IYLD vs. CTAP - Sectors Allocation Comparison

Sectors
IYLD
CTAP

Financial Services

23.3%
49.3%

Real Estate

23.1%

-

Industrials

12.2%

-

Technology

6.3%

-

Utilities

6.0%

-

Consumer Cyclical

5.9%

-

Basic Materials

5.9%

-

Healthcare

5.2%

-

Consumer Defensive

4.7%

-

Communication Services

3.8%

-

Energy

3.6%

-

Financial Services

IYLD
23.3%
CTAP
49.3%

Real Estate

IYLD
23.1%
CTAP

-

Industrials

IYLD
12.2%
CTAP

-

Technology

IYLD
6.3%
CTAP

-

Utilities

IYLD
6.0%
CTAP

-

Consumer Cyclical

IYLD
5.9%
CTAP

-

Basic Materials

IYLD
5.9%
CTAP

-

Healthcare

IYLD
5.2%
CTAP

-

Consumer Defensive

IYLD
4.7%
CTAP

-

Communication Services

IYLD
3.8%
CTAP

-

Energy

IYLD
3.6%
CTAP

-

Compare stocks, funds, or ETFs

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iShares Morningstar Multi-Asset Income ETF

Simplify US Equity PLUS Managed Futures Strategy ETF

Often compared with IYLD:
IYLD vs. MDIVIYLD vs. RIGSIYLD vs. GAAIYLD vs. YYYIYLD vs. FXAIXIYLD vs. HYGIYLD vs. SCHD
Often compared with CTAP:
CTAP vs. RSSTCTAP vs. CTACTAP vs. TSPXCTAP vs. RAACTAP vs. VOOCTAP vs. RSSBCTAP vs. ESBG

Return for Risk

IYLD vs. CTAP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYLD
IYLD Risk / Return Rank: 7272
Overall Rank
IYLD Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IYLD Sortino Ratio Rank: 8181
Sortino Ratio Rank
IYLD Omega Ratio Rank: 7878
Omega Ratio Rank
IYLD Calmar Ratio Rank: 6161
Calmar Ratio Rank
IYLD Martin Ratio Rank: 6464
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.

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.

IYLDCTAPDifference
Sharpe ratioReturn per unit of total volatility
2.46

—

—

Sortino ratioReturn per unit of downside risk
3.65

—

—

Omega ratioGain probability vs. loss probability

1.47

—

—

Calmar ratioReturn relative to maximum drawdown

3.04

—

—

Martin ratioReturn relative to average drawdown

11.80

—

—

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

IYLD vs. CTAP - Sharpe Ratio Comparison

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Sharpe Ratios by Period

IYLDCTAPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.43

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.42

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

2.50

-2.00

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 -9.02%. Use the drawdown chart below to compare losses from any high point for IYLD and CTAP.

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Drawdown Indicators

IYLDCTAPDifference

Max Drawdown

Largest peak-to-trough decline

-30.23%

-9.02%

-21.21%

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 Drawdown

Current decline from peak

-0.55%

-4.47%

+3.92%

Average Drawdown

Average peak-to-trough decline

-4.53%

-2.18%

-2.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.19%

—

—

Volatility

IYLD vs. CTAP - Volatility Comparison

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Volatility by Period

IYLDCTAPDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.53%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

4.72%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

5.73%

23.94%

-18.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.86%

23.94%

-16.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.58%

23.94%

-14.36%

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 0.65% 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%
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 0.17, 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 0.65% 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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