MATE vs. CTAP

Last updated Jun 25, 2026

MATE (Man Active Trend Enhanced ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both exchange-traded funds - MATE is a Tactical Allocation fund actively managed by Man Group, while CTAP is a Diversified Portfolio fund actively managed by Simplify. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. MATE charges 0.97%/yr vs 0.10%/yr for CTAP.

Performance

MATE vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Man Active Trend Enhanced ETF (MATE) 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, MATE achieves a 12.55% return, which is significantly higher than CTAP's 3.58% return.

MATE

• 1D: -1.46%
• 1M: -5.28%
• YTD: 12.55%
• 6M: 10.14%
• 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)

MATE vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
MATE Man Active Trend Enhanced ETF	12.55%	2.65%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	3.58%	1.75%

Correlation

The correlation between MATE and CTAP is 0.54, 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 Dec 17, 2025	0.54

Return for Risk

MATE vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active Trend Enhanced ETF (MATE) 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

MATE vs. CTAP - Drawdown Comparison

The maximum MATE drawdown since its inception was -13.24%, smaller than the maximum CTAP drawdown of -18.86%. Use the drawdown chart below to compare losses from any high point for MATE and CTAP.

Drawdown Indicators

	MATE	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-13.24%	-18.86%	+5.62%
Current Drawdown Current decline from peak	-6.87%	-18.86%	+11.99%
Average Drawdown Average peak-to-trough decline	-3.37%	-3.22%	-0.15%

Volatility

Volatility by Period

	MATE	CTAP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.26%	24.64%	-1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.26%	24.64%	-1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.26%	24.64%	-1.38%

MATE vs. CTAP - Expense Ratio Comparison

MATE has a 0.97% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

MATE vs. CTAP - Dividend Comparison

MATE 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%
MATE Man Active Trend Enhanced ETF	0.00%

Frequently Asked Questions

Can I hold both MATE and CTAP in my portfolio?

MATE and CTAP have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MATE 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, MATE or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.97% for MATE.

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

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

What is the main difference between MATE and CTAP?

MATE is categorized as Tactical Allocation, while CTAP is Diversified Portfolio. They also come from different issuers: Man Group and Simplify. Their fees differ too: 0.97% for MATE and 0.10% for CTAP.