NTSX vs. CTAP

Last updated Jun 4, 2026

NTSX (WisdomTree U.S. Efficient Core Fund) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.20 correlation, their price movements are largely independent. NTSX charges 0.20%/yr vs 0.10%/yr for CTAP.

Performance

NTSX vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Efficient Core Fund (NTSX) 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, NTSX achieves a 8.62% return, which is significantly lower than CTAP's 21.95% return.

NTSX

• 1D: -1.05%
• 1M: 4.37%
• YTD: 8.62%
• 6M: 7.83%
• 1Y: 25.27%
• 3Y*: 19.38%
• 5Y*: 9.69%
• 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)

NTSX vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
NTSX WisdomTree U.S. Efficient Core Fund	8.62%	0.21%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between NTSX and CTAP is 0.20, 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	0.20

NTSX vs. CTAP - Sectors Allocation Comparison

Sectors	NTSX	CTAP
Technology	35.1%	-
Communication Services	12.5%	-
Financial Services	12.3%	49.3%
Consumer Cyclical	10.1%	-
Healthcare	8.4%	-
Industrials	7.7%	-
Consumer Defensive	5.5%	-
Energy	3.5%	-
Utilities	2.1%	-
Real Estate	1.5%	-
Basic Materials	1.4%	-

Return for Risk

NTSX vs. CTAP — Risk / Return Rank

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

NTSX

NTSX Risk / Return Rank: 60
NTSX Sharpe Ratio Rank: 60
NTSX Sortino Ratio Rank: 58
NTSX Omega Ratio Rank: 59
NTSX Calmar Ratio Rank: 55
NTSX Martin Ratio Rank: 66

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.

NTSX vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Efficient Core Fund (NTSX) 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.

	NTSX	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	2.06	—	—
Sortino ratio: Return per unit of downside risk	2.81	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.77	—	—
Martin ratio: Return relative to average drawdown	12.25	—	—
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

	NTSX	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	2.50	-1.79

Drawdowns

NTSX vs. CTAP - Drawdown Comparison

The maximum NTSX drawdown since its inception was -31.34%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for NTSX and CTAP.

Drawdown Indicators

	NTSX	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-9.02%	-22.32%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.34%	—	—
Current Drawdown Current decline from peak	-1.05%	-4.47%	+3.42%
Average Drawdown Average peak-to-trough decline	-6.79%	-2.18%	-4.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	—	—

Volatility

Volatility by Period

	NTSX	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	23.94%	-11.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.04%	23.94%	-6.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	23.94%	-5.67%

NTSX vs. CTAP - Expense Ratio Comparison

NTSX has a 0.20% expense ratio, which is higher than CTAP's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

NTSX vs. CTAP - Dividend Comparison

NTSX's dividend yield for the trailing twelve months is around 1.08%, more than CTAP's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NTSX WisdomTree U.S. Efficient Core Fund	1.08%	1.14%	1.14%	1.21%	1.36%	0.82%	0.92%	1.42%	0.62%

Frequently Asked Questions

Can I hold both NTSX and CTAP in my portfolio?

NTSX and CTAP have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NTSX 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, NTSX or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.20% for NTSX.

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

NTSX has the higher dividend yield at 1.08%, compared with 0.65% for CTAP.

What is the main difference between NTSX and CTAP?

They also come from different issuers: WisdomTree and Simplify. Their fees differ too: 0.20% for NTSX and 0.10% for CTAP.