PBL vs. CTAP
PBL (PGIM Portfolio Ballast ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. PBL charges 0.45%/yr vs 0.10%/yr for CTAP.
Performance
PBL vs. CTAP - Performance Comparison
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Returns By Period
In the year-to-date period, PBL achieves a 6.03% return, which is significantly higher than CTAP's 5.23% return.
PBL
- 1D
- -1.04%
- 1M
- -0.32%
- YTD
- 6.03%
- 6M
- 5.25%
- 1Y
- 16.68%
- 3Y*
- 14.00%
- 5Y*
- —
- 10Y*
- —
CTAP
- 1D
- -2.94%
- 1M
- -14.89%
- YTD
- 5.23%
- 6M
- 3.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBL vs. CTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBL PGIM Portfolio Ballast ETF | 6.03% | -0.10% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 5.23% | 2.22% |
Correlation
The correlation between PBL and CTAP is 0.28, 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 | 0.28 |
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Return for Risk
PBL vs. CTAP — Risk / Return Rank
PBL
CTAP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBL vs. CTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Portfolio Ballast ETF (PBL) 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.
| PBL | CTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | — | — |
| Martin ratioReturn relative to average drawdown | 11.25 | — | — |
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Drawdowns
PBL vs. CTAP - Drawdown Comparison
The maximum PBL drawdown since its inception was -11.69%, smaller than the maximum CTAP drawdown of -17.57%. Use the drawdown chart below to compare losses from any high point for PBL and CTAP.
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Drawdown Indicators
| PBL | CTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -17.57% | +5.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.69% | — | — |
Current DrawdownCurrent decline from peak | -1.93% | -17.57% | +15.64% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -3.10% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | — | — |
Volatility
PBL vs. CTAP - Volatility Comparison
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Volatility by Period
| PBL | CTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.38% | 24.63% | -15.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.92% | 24.63% | -14.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.92% | 24.63% | -14.71% |
PBL vs. CTAP - Expense Ratio Comparison
PBL has a 0.45% expense ratio, which is higher than CTAP's 0.10% expense ratio.
Dividends
PBL vs. CTAP - Dividend Comparison
PBL's dividend yield for the trailing twelve months is around 2.09%, more than CTAP's 0.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% |
PBL PGIM Portfolio Ballast ETF | 2.09% | 2.21% | 6.89% | 7.92% | 0.16% |
Frequently Asked Questions
PBL and CTAP have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CTAP is cheaper with a 0.10% expense ratio, compared with 0.45% for PBL.
PBL has the higher dividend yield at 2.09%, compared with 0.75% for CTAP.
They also come from different issuers: PGIM and Simplify. Their fees differ too: 0.45% for PBL and 0.10% for CTAP.
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