PRAE vs. CTAP

Last updated Jun 4, 2026

PRAE (PlanRock Alternative Growth ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. PRAE charges 1.43%/yr vs 0.10%/yr for CTAP.

Performance

PRAE vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PlanRock Alternative Growth ETF (PRAE) 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, PRAE achieves a 12.14% return, which is significantly lower than CTAP's 21.95% return.

PRAE

• 1D: -0.42%
• 1M: 4.32%
• YTD: 12.14%
• 6M: 12.91%
• 1Y: 34.75%
• 3Y*: —
• 5Y*: —
• 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)

PRAE vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
PRAE PlanRock Alternative Growth ETF	12.14%	0.41%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between PRAE and CTAP is 0.44, 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	0.44

PRAE vs. CTAP - Sectors Allocation Comparison

Sectors	PRAE	CTAP
Industrials	18.9%	-
Financial Services	18.4%	49.3%
Technology	15.2%	-
Energy	10.3%	-
Consumer Cyclical	9.4%	-
Healthcare	7.0%	-
Basic Materials	6.5%	-
Consumer Defensive	4.6%	-
Communication Services	4.4%	-
Real Estate	2.8%	-
Utilities	2.4%	-

Return for Risk

PRAE vs. CTAP — Risk / Return Rank

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

PRAE

PRAE Risk / Return Rank: 70
PRAE Sharpe Ratio Rank: 73
PRAE Sortino Ratio Rank: 65
PRAE Omega Ratio Rank: 72
PRAE Calmar Ratio Rank: 73
PRAE Martin Ratio Rank: 69

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.

PRAE vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PlanRock Alternative Growth ETF (PRAE) 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.

	PRAE	CTAP	Difference
Sharpe ratio Return per unit of total volatility	2.34	—	—
Sortino ratio Return per unit of downside risk	2.97	—	—
Omega ratio Gain probability vs. loss probability	1.43	—	—
Calmar ratio Return relative to maximum drawdown	3.57	—	—
Martin ratio Return relative to average drawdown	12.50	—	—
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

	PRAE	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	2.50	-1.52

Drawdowns

PRAE vs. CTAP - Drawdown Comparison

The maximum PRAE drawdown since its inception was -17.67%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for PRAE and CTAP.

Drawdown Indicators

	PRAE	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-17.67%	-9.02%	-8.65%
Max Drawdown (1Y) Largest decline over 1 year	-9.77%	—	—
Current Drawdown Current decline from peak	-0.42%	-4.47%	+4.05%
Average Drawdown Average peak-to-trough decline	-4.13%	-2.18%	-1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	—	—

Volatility

Volatility by Period

	PRAE	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.90%	23.94%	-9.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.82%	23.94%	-9.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.82%	23.94%	-9.12%

PRAE vs. CTAP - Expense Ratio Comparison

PRAE has a 1.43% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

PRAE vs. CTAP - Dividend Comparison

PRAE's dividend yield for the trailing twelve months is around 0.47%, less than CTAP's 0.65% yield.

Position	TTM	2025	2024
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%	0.00%
PRAE PlanRock Alternative Growth ETF	0.47%	0.18%	0.99%

Frequently Asked Questions

Can I hold both PRAE and CTAP in my portfolio?

PRAE and CTAP have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRAE 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, PRAE or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 1.43% for PRAE.

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

CTAP has the higher dividend yield at 0.65%, compared with 0.47% for PRAE.

What is the main difference between PRAE and CTAP?

They also come from different issuers: PlanRock and Simplify. Their fees differ too: 1.43% for PRAE and 0.10% for CTAP.