LCO vs. CTAP

Last updated Jun 7, 2026

LCO (LOGIQ Contrarian Opportunities ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. LCO charges 1.13%/yr vs 0.10%/yr for CTAP.

Performance

LCO vs. CTAP - Performance Comparison

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

Returns By Period

LCO

• 1D: -5.64%
• 1M: -4.45%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTAP

• 1D: -4.37%
• 1M: -5.49%
• YTD: 15.30%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LCO vs. CTAP - Yearly Performance Comparison

	2026 (YTD)
LCO LOGIQ Contrarian Opportunities ETF	7.80%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	12.99%

Correlation

The correlation between LCO and CTAP is 0.24, 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 Jan 9, 2026	0.24

Return for Risk

LCO vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LOGIQ Contrarian Opportunities ETF (LCO) 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.

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

Sharpe Ratios by Period

	LCO	CTAP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	1.67	-0.88

Drawdowns

LCO vs. CTAP - Drawdown Comparison

The maximum LCO drawdown since its inception was -11.20%, which is greater than CTAP's maximum drawdown of -9.68%. Use the drawdown chart below to compare losses from any high point for LCO and CTAP.

Drawdown Indicators

	LCO	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-11.20%	-9.68%	-1.52%
Current Drawdown Current decline from peak	-6.82%	-9.68%	+2.86%
Average Drawdown Average peak-to-trough decline	-4.51%	-2.27%	-2.24%

Volatility

Volatility by Period

	LCO	CTAP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	26.02%	24.70%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.02%	24.70%	+1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.02%	24.70%	+1.32%

LCO vs. CTAP - Expense Ratio Comparison

LCO has a 1.13% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

LCO vs. CTAP - Dividend Comparison

LCO has not paid dividends to shareholders, while CTAP's dividend yield for the trailing twelve months is around 0.68%.

Position	TTM
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.68%
LCO LOGIQ Contrarian Opportunities ETF	0.00%

Frequently Asked Questions

Can I hold both LCO and CTAP in my portfolio?

LCO and CTAP have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LCO 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, LCO or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 1.13% for LCO.

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

CTAP has the higher dividend yield at 0.68%, compared with 0.00% for LCO.

What is the main difference between LCO and CTAP?

They also come from different issuers: LOGIQ and Simplify. Their fees differ too: 1.13% for LCO and 0.10% for CTAP.