NXTI vs. CTA

Last updated Jun 3, 2026

NXTI (Simplify NEXT Intangible Core Index ETF) and CTA (Simplify Managed Futures Strategy ETF) are both exchange-traded funds - NXTI is a Large Cap Blend Equities fund tracking the NEXT Intangible Core Index, while CTA is a Systematic Trend fund actively managed by Simplify. NXTI is passively managed, while CTA is actively managed. Over the past year, NXTI returned 18.54% vs 15.29% for CTA. At a correlation of -0.06, they often move in opposite directions. NXTI charges 0.25%/yr vs 0.78%/yr for CTA.

Performance

NXTI vs. CTA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify NEXT Intangible Core Index ETF (NXTI) and Simplify Managed Futures Strategy ETF (CTA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NXTI achieves a 8.88% return, which is significantly lower than CTA's 11.70% return.

NXTI

• 1D: -0.18%
• 1M: 11.97%
• YTD: 8.88%
• 6M: 9.23%
• 1Y: 18.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTA

• 1D: 0.54%
• 1M: -6.72%
• YTD: 11.70%
• 6M: 12.40%
• 1Y: 15.29%
• 3Y*: 11.59%
• 5Y*: —
• 10Y*: —

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

NXTI vs. CTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NXTI Simplify NEXT Intangible Core Index ETF	8.88%	16.73%	16.21%
CTA Simplify Managed Futures Strategy ETF	11.70%	0.88%	7.74%

Correlation

The correlation between NXTI and CTA is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Apr 17, 2024	-0.06

NXTI vs. CTA - Sectors Allocation Comparison

Sectors	NXTI	CTA
Technology	43.3%	-
Financial Services	11.2%	-49.1%
Healthcare	9.7%	-
Industrials	9.5%	-
Consumer Defensive	8.2%	-
Consumer Cyclical	5.0%	-
Communication Services	4.7%	-
Energy	3.6%	-
Utilities	2.0%	-
Real Estate	1.5%	-
Basic Materials	0.9%	-

Return for Risk

NXTI vs. CTA — Risk / Return Rank

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

NXTI

NXTI Risk / Return Rank: 31
NXTI Sharpe Ratio Rank: 34
NXTI Sortino Ratio Rank: 33
NXTI Omega Ratio Rank: 32
NXTI Calmar Ratio Rank: 29
NXTI Martin Ratio Rank: 27

CTA

CTA Risk / Return Rank: 24
CTA Sharpe Ratio Rank: 22
CTA Sortino Ratio Rank: 21
CTA Omega Ratio Rank: 23
CTA Calmar Ratio Rank: 29
CTA Martin Ratio Rank: 26

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.

NXTI vs. CTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify NEXT Intangible Core Index ETF (NXTI) and Simplify Managed Futures Strategy ETF (CTA). 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.

	NXTI	CTA	Difference
Sharpe ratio Return per unit of total volatility	1.27	0.76	+0.51
Sortino ratio Return per unit of downside risk	1.80	1.10	+0.70
Omega ratio Gain probability vs. loss probability	1.22	1.15	+0.07
Calmar ratio Return relative to maximum drawdown	1.46	1.40	+0.06
Martin ratio Return relative to average drawdown	3.95	3.71	+0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NXTI vs. CTA - Sharpe Ratio Comparison

The current NXTI Sharpe Ratio is 1.27, which is higher than the CTA Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of NXTI and CTA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NXTI	CTA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	0.76	+0.51
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	0.61	+0.58

Drawdowns

NXTI vs. CTA - Drawdown Comparison

The maximum NXTI drawdown since its inception was -19.65%, which is greater than CTA's maximum drawdown of -18.07%. Use the drawdown chart below to compare losses from any high point for NXTI and CTA.

Drawdown Indicators

	NXTI	CTA	Difference
Max Drawdown Largest peak-to-trough decline	-19.65%	-18.07%	-1.58%
Max Drawdown (1Y) Largest decline over 1 year	-12.99%	-11.00%	-1.99%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.23%	—
Current Drawdown Current decline from peak	-0.18%	-8.35%	+8.17%
Average Drawdown Average peak-to-trough decline	-3.23%	-5.67%	+2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.82%	4.16%	+0.66%

Volatility

NXTI vs. CTA - Volatility Comparison

The current volatility for Simplify NEXT Intangible Core Index ETF (NXTI) is 3.55%, while Simplify Managed Futures Strategy ETF (CTA) has a volatility of 8.01%. This indicates that NXTI experiences smaller price fluctuations and is considered to be less risky than CTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXTI	CTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	8.01%	-4.46%
Volatility (6M) Calculated over the trailing 6-month period	11.58%	17.30%	-5.72%
Volatility (1Y) Calculated over the trailing 1-year period	14.67%	20.12%	-5.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	16.59%	+0.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	16.59%	+0.55%

NXTI vs. CTA - Expense Ratio Comparison

NXTI has a 0.25% expense ratio, which is lower than CTA's 0.78% expense ratio.

Dividends

NXTI vs. CTA - Dividend Comparison

NXTI's dividend yield for the trailing twelve months is around 0.57%, less than CTA's 4.88% yield.

Position	TTM	2025	2024	2023	2022
CTA Simplify Managed Futures Strategy ETF	4.88%	3.19%	4.80%	7.78%	6.58%
NXTI Simplify NEXT Intangible Core Index ETF	0.57%	0.62%	3.70%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NXTI and CTA in my portfolio?

NXTI and CTA have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NXTI or CTA?

CTA has higher volatility (8.01%) compared to NXTI (3.55%). In terms of maximum drawdown, NXTI dropped -19.65% vs CTA's -18.07%.

Which ETF is better, NXTI or CTA?

On 1-year performance, NXTI leads with 18.54% vs 15.29% for CTA. On fees, NXTI is cheaper at 0.25% per year. On volatility, NXTI has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NXTI or CTA?

Over the 1-year period, NXTI has performed better with a 18.54% return vs 15.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NXTI or CTA?

NXTI is cheaper with a 0.25% expense ratio, compared with 0.78% for CTA.

Which ETF pays a higher dividend yield, NXTI or CTA?

CTA has the higher dividend yield at 4.88%, compared with 0.57% for NXTI.

What is the main difference between NXTI and CTA?

NXTI is categorized as Large Cap Blend Equities, while CTA is Systematic Trend. Their fees differ too: 0.25% for NXTI and 0.78% for CTA.

Which has better risk-adjusted returns?

NXTI currently has the higher Sharpe Ratio (1.27 vs 0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.