JPFP vs. CTAP

Last updated Jun 25, 2026

JPFP (JPMorgan Managed Futures Plus ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both exchange-traded funds - JPFP is a Systematic Trend fund actively managed by JPMorgan, while CTAP is a Diversified Portfolio fund actively managed by Simplify. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. JPFP charges 0.59%/yr vs 0.10%/yr for CTAP.

Performance

JPFP vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Managed Futures Plus ETF (JPFP) and Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JPFP

• 1D: -1.38%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTAP

• 1D: -1.57%
• 1M: -16.23%
• YTD: 3.58%
• 6M: 2.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPFP vs. CTAP - Yearly Performance Comparison

	2026 (YTD)
JPFP JPMorgan Managed Futures Plus ETF	-4.11%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	-12.60%

Correlation

The correlation between JPFP and CTAP is 0.76, 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 May 28, 2026	0.76

Return for Risk

JPFP vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Managed Futures Plus ETF (JPFP) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

JPFP vs. CTAP - Drawdown Comparison

The maximum JPFP drawdown since its inception was -5.85%, smaller than the maximum CTAP drawdown of -18.86%. Use the drawdown chart below to compare losses from any high point for JPFP and CTAP.

Drawdown Indicators

	JPFP	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-5.85%	-18.86%	+13.01%
Current Drawdown Current decline from peak	-5.85%	-18.86%	+13.01%
Average Drawdown Average peak-to-trough decline	-2.52%	-3.22%	+0.70%

Volatility

Volatility by Period

	JPFP	CTAP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	22.30%	24.64%	-2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.30%	24.64%	-2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.30%	24.64%	-2.34%

JPFP vs. CTAP - Expense Ratio Comparison

JPFP has a 0.59% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

JPFP vs. CTAP - Dividend Comparison

JPFP has not paid dividends to shareholders, while CTAP's dividend yield for the trailing twelve months is around 0.76%.

Position	TTM
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.76%
JPFP JPMorgan Managed Futures Plus ETF	0.00%

Frequently Asked Questions

Can I hold both JPFP and CTAP in my portfolio?

JPFP and CTAP have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JPFP 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, JPFP or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.59% for JPFP.

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

CTAP has the higher dividend yield at 0.76%, compared with 0.00% for JPFP.

What is the main difference between JPFP and CTAP?

JPFP is categorized as Systematic Trend, while CTAP is Diversified Portfolio. They also come from different issuers: JPMorgan and Simplify. Their fees differ too: 0.59% for JPFP and 0.10% for CTAP.