MDAA vs. CTAP

Last updated Jun 4, 2026

MDAA (Myriad Dynamic Asset Allocation ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.18 correlation, their price movements are largely independent. MDAA charges 0.97%/yr vs 0.10%/yr for CTAP.

Performance

MDAA vs. CTAP - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with MDAA having a 22.13% return and CTAP slightly lower at 21.95%.

MDAA

• 1D: -1.11%
• 1M: 8.24%
• YTD: 22.13%
• 6M: 22.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

MDAA vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
MDAA Myriad Dynamic Asset Allocation ETF	22.13%	0.89%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between MDAA and CTAP is 0.18, 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	0.18

Return for Risk

MDAA vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Myriad Dynamic Asset Allocation ETF (MDAA) 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

	MDAA	CTAP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.47	2.50	-1.03

Drawdowns

MDAA vs. CTAP - Drawdown Comparison

The maximum MDAA drawdown since its inception was -14.59%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for MDAA and CTAP.

Drawdown Indicators

	MDAA	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-14.59%	-9.02%	-5.57%
Current Drawdown Current decline from peak	-1.11%	-4.47%	+3.36%
Average Drawdown Average peak-to-trough decline	-2.93%	-2.18%	-0.75%

Volatility

Volatility by Period

	MDAA	CTAP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.89%	23.94%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.89%	23.94%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.89%	23.94%	-0.05%

MDAA vs. CTAP - Expense Ratio Comparison

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

Dividends

MDAA vs. CTAP - Dividend Comparison

MDAA's dividend yield for the trailing twelve months is around 0.38%, less than CTAP's 0.65% yield.

Position	TTM	2025
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%
MDAA Myriad Dynamic Asset Allocation ETF	0.38%	0.46%

Frequently Asked Questions

Can I hold both MDAA and CTAP in my portfolio?

MDAA and CTAP have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MDAA 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, MDAA or CTAP?

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

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

CTAP has the higher dividend yield at 0.65%, compared with 0.38% for MDAA.

What is the main difference between MDAA and CTAP?

They also come from different issuers: Myriad and Simplify. Their fees differ too: 0.97% for MDAA and 0.10% for CTAP.