PCR vs. CTA
PCR (Simplify VettaFi Private Credit Strategy ETF) and CTA (Simplify Managed Futures Strategy ETF) are both exchange-traded funds - PCR is a Multistrategy fund tracking the VettaFi Private Credit Index, while CTA is a Systematic Trend fund actively managed by Simplify. PCR is passively managed, while CTA is actively managed. At a correlation of -0.11, they often move in opposite directions.
Performance
PCR vs. CTA - Performance Comparison
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Returns By Period
In the year-to-date period, PCR achieves a -12.10% return, which is significantly lower than CTA's 3.23% return.
PCR
- 1D
- -1.44%
- 1M
- 0.40%
- 6M
- -13.33%
- YTD
- -12.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CTA
- 1D
- 0.85%
- 1M
- 1.05%
- 6M
- 2.11%
- YTD
- 3.23%
- 1Y
- 3.39%
- 3Y*
- 9.23%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.62%
PCR vs. CTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCR Simplify VettaFi Private Credit Strategy ETF | -12.10% | -5.73% |
CTA Simplify Managed Futures Strategy ETF | 3.23% | -1.21% |
Correlation
The correlation between PCR and CTA is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 23, 2025 | -0.11 |
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Return for Risk
PCR vs. CTA — Risk / Return Rank
PCR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CTA
PCR vs. CTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify VettaFi Private Credit Strategy ETF (PCR) 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.
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.
| PCR | CTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.05 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.17 | — |
| Martin ratioReturn relative to average drawdown | — | 0.47 | — |
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Drawdowns
PCR vs. CTA - Drawdown Comparison
The maximum PCR drawdown since its inception was -20.07%, roughly equal to the maximum CTA drawdown of -20.44%. Use the drawdown chart below to compare losses from any high point for PCR and CTA.
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Drawdown Indicators
| PCR | CTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -20.44% | +0.37% |
Max Drawdown (1Y)Largest decline over 1 year | — | -20.44% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.44% | — |
Current DrawdownCurrent decline from peak | -17.14% | -15.30% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -10.20% | -5.98% | -4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.15% | — |
Volatility
PCR vs. CTA - Volatility Comparison
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Volatility by Period
| PCR | CTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 20.77% | -2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.30% | 16.65% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.30% | 16.65% | +1.65% |
Dividends
PCR vs. CTA - Dividend Comparison
PCR's dividend yield for the trailing twelve months is around 9.06%, more than CTA's 4.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CTA Simplify Managed Futures Strategy ETF | 4.86% | 3.19% | 4.80% | 7.78% | 6.58% |
PCR Simplify VettaFi Private Credit Strategy ETF | 9.06% | 2.30% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PCR and CTA have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCR has the higher dividend yield at 9.06%, compared with 4.86% for CTA.
PCR is categorized as Multistrategy, while CTA is Systematic Trend.
Find the right allocation for PCR and CTA
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