MVFD vs. CTAP

Last updated Jun 23, 2026

MVFD (Monarch Volume Factor Dividend Tree ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. MVFD is passively managed, while CTAP is actively managed. At a 0.36 correlation, their price movements are largely independent. MVFD charges 1.19%/yr vs 0.10%/yr for CTAP.

Performance

MVFD vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Volume Factor Dividend Tree ETF (MVFD) 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, MVFD achieves a 7.08% return, which is significantly lower than CTAP's 8.42% return.

MVFD

• 1D: 0.58%
• 1M: -2.19%
• YTD: 7.08%
• 6M: 4.31%
• 1Y: 19.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTAP

• 1D: -1.08%
• 1M: -12.31%
• YTD: 8.42%
• 6M: 7.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MVFD vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
MVFD Monarch Volume Factor Dividend Tree ETF	7.08%	-1.69%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	8.42%	2.22%

Correlation

The correlation between MVFD and CTAP is 0.36, 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 9, 2025	0.36

Return for Risk

MVFD vs. CTAP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MVFD

MVFD Risk / Return Rank: 40
MVFD Sharpe Ratio Rank: 38
MVFD Sortino Ratio Rank: 37
MVFD Omega Ratio Rank: 37
MVFD Calmar Ratio Rank: 46
MVFD Martin Ratio Rank: 41

CTAP

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

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.

MVFD vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Volume Factor Dividend Tree ETF (MVFD) 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.

	MVFD	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	1.31	—	—
Sortino ratio: Return per unit of downside risk	1.89	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.20	—	—
Martin ratio: Return relative to average drawdown	6.43	—	—

Drawdowns

MVFD vs. CTAP - Drawdown Comparison

The maximum MVFD drawdown since its inception was -19.07%, which is greater than CTAP's maximum drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for MVFD and CTAP.

Drawdown Indicators

	MVFD	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-19.07%	-15.19%	-3.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.08%	—	—
Current Drawdown Current decline from peak	-4.05%	-15.07%	+11.02%
Average Drawdown Average peak-to-trough decline	-3.92%	-2.99%	-0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	—	—

Volatility

Volatility by Period

	MVFD	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.33%	24.37%	-9.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.02%	24.37%	-7.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.02%	24.37%	-7.35%

MVFD vs. CTAP - Expense Ratio Comparison

MVFD has a 1.19% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

MVFD vs. CTAP - Dividend Comparison

MVFD's dividend yield for the trailing twelve months is around 1.47%, more than CTAP's 0.73% yield.

Position	TTM	2025	2024
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.73%	0.00%	0.00%
MVFD Monarch Volume Factor Dividend Tree ETF	1.47%	1.34%	1.38%

Frequently Asked Questions

Can I hold both MVFD and CTAP in my portfolio?

MVFD and CTAP have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MVFD 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, MVFD or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 1.19% for MVFD.

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

MVFD has the higher dividend yield at 1.47%, compared with 0.73% for CTAP.

What is the main difference between MVFD and CTAP?

They also come from different issuers: Monarch and Simplify. Their fees differ too: 1.19% for MVFD and 0.10% for CTAP.