NTSE vs. CTAP

Last updated Jun 4, 2026

NTSE (WisdomTree Emerging Markets Efficient Core Fund) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. NTSE charges 0.38%/yr vs 0.10%/yr for CTAP.

Performance

NTSE vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Efficient Core Fund (NTSE) 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, NTSE achieves a 32.02% return, which is significantly higher than CTAP's 21.95% return.

NTSE

• 1D: -1.17%
• 1M: 11.32%
• YTD: 32.02%
• 6M: 34.98%
• 1Y: 64.08%
• 3Y*: 25.03%
• 5Y*: 6.43%
• 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)

NTSE vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
NTSE WisdomTree Emerging Markets Efficient Core Fund	32.02%	2.36%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between NTSE and CTAP is 0.12, 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	0.12

NTSE vs. CTAP - Sectors Allocation Comparison

Sectors	NTSE	CTAP
Consumer Cyclical	2.2%	-
Financial Services	2.1%	49.3%
Communication Services	1.8%	-
Technology	0.8%	-
Basic Materials	0.5%	-
Consumer Defensive	0.3%	-
Industrials	0.2%	-
Healthcare	0.2%	-
Energy	0.1%	-
Real Estate	0.1%	-
Utilities	0.0%	-

Return for Risk

NTSE vs. CTAP — Risk / Return Rank

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

NTSE

NTSE Risk / Return Rank: 87
NTSE Sharpe Ratio Rank: 90
NTSE Sortino Ratio Rank: 88
NTSE Omega Ratio Rank: 89
NTSE Calmar Ratio Rank: 83
NTSE Martin Ratio Rank: 84

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.

NTSE vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Efficient Core Fund (NTSE) 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.

	NTSE	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	3.11	—	—
Sortino ratio: Return per unit of downside risk	4.07	—	—
Omega ratio: Gain probability vs. loss probability	1.57	—	—
Calmar ratio: Return relative to maximum drawdown	4.54	—	—
Martin ratio: Return relative to average drawdown	17.57	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NTSE	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.11	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	2.50	-2.12

Drawdowns

NTSE vs. CTAP - Drawdown Comparison

The maximum NTSE drawdown since its inception was -42.84%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for NTSE and CTAP.

Drawdown Indicators

	NTSE	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-42.84%	-9.02%	-33.82%
Max Drawdown (1Y) Largest decline over 1 year	-14.20%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.84%	—	—
Current Drawdown Current decline from peak	-1.17%	-4.47%	+3.30%
Average Drawdown Average peak-to-trough decline	-19.74%	-2.18%	-17.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	—	—

Volatility

Volatility by Period

	NTSE	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.73%	23.94%	-3.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.26%	23.94%	-4.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.23%	23.94%	-4.71%

NTSE vs. CTAP - Expense Ratio Comparison

NTSE has a 0.38% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

NTSE vs. CTAP - Dividend Comparison

NTSE's dividend yield for the trailing twelve months is around 2.51%, more than CTAP's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%
NTSE WisdomTree Emerging Markets Efficient Core Fund	2.51%	3.35%	3.23%	2.44%	3.22%	2.10%

Frequently Asked Questions

Can I hold both NTSE and CTAP in my portfolio?

NTSE and CTAP have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NTSE 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, NTSE or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.38% for NTSE.

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

NTSE has the higher dividend yield at 2.51%, compared with 0.65% for CTAP.

What is the main difference between NTSE and CTAP?

They also come from different issuers: WisdomTree and Simplify. Their fees differ too: 0.38% for NTSE and 0.10% for CTAP.