QVOY vs. CTAP

Last updated Jun 4, 2026

QVOY (Q3 All-Season Active Rotation ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. QVOY charges 1.30%/yr vs 0.10%/yr for CTAP.

Performance

QVOY vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Q3 All-Season Active Rotation ETF (QVOY) 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, QVOY achieves a 17.87% return, which is significantly lower than CTAP's 21.95% return.

QVOY

• 1D: -0.40%
• 1M: 7.72%
• YTD: 17.87%
• 6M: 19.53%
• 1Y: 36.83%
• 3Y*: 15.66%
• 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)

QVOY vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
QVOY Q3 All-Season Active Rotation ETF	17.87%	1.76%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between QVOY and CTAP is 0.37, 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	0.37

QVOY vs. CTAP - Sectors Allocation Comparison

Sectors	QVOY	CTAP
Energy	19.3%	-
Utilities	18.7%	-
Technology	15.3%	-
Financial Services	11.4%	49.3%
Industrials	9.9%	-
Consumer Cyclical	6.5%	-
Healthcare	5.8%	-
Consumer Defensive	3.6%	-
Real Estate	3.5%	-
Communication Services	3.1%	-
Basic Materials	3.0%	-

Return for Risk

QVOY vs. CTAP — Risk / Return Rank

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

QVOY

QVOY Risk / Return Rank: 70
QVOY Sharpe Ratio Rank: 72
QVOY Sortino Ratio Rank: 63
QVOY Omega Ratio Rank: 71
QVOY Calmar Ratio Rank: 78
QVOY Martin Ratio Rank: 67

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.

QVOY vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Q3 All-Season Active Rotation ETF (QVOY) 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.

	QVOY	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	2.33	—	—
Sortino ratio: Return per unit of downside risk	2.90	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	3.94	—	—
Martin ratio: Return relative to average drawdown	12.07	—	—
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

	QVOY	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	2.50	-1.49

Drawdowns

QVOY vs. CTAP - Drawdown Comparison

The maximum QVOY drawdown since its inception was -17.05%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for QVOY and CTAP.

Drawdown Indicators

	QVOY	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-17.05%	-9.02%	-8.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.05%	—	—
Current Drawdown Current decline from peak	-0.40%	-4.47%	+4.07%
Average Drawdown Average peak-to-trough decline	-3.74%	-2.18%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	—	—

Volatility

Volatility by Period

	QVOY	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.90%	23.94%	-8.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.93%	23.94%	-9.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.93%	23.94%	-9.01%

QVOY vs. CTAP - Expense Ratio Comparison

QVOY has a 1.30% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

QVOY vs. CTAP - Dividend Comparison

QVOY's dividend yield for the trailing twelve months is around 7.89%, more than CTAP's 0.65% yield.

Position	TTM	2025	2024	2023	2022
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%	0.00%	0.00%	0.00%
QVOY Q3 All-Season Active Rotation ETF	7.89%	9.30%	10.88%	6.03%	0.46%

Frequently Asked Questions

Can I hold both QVOY and CTAP in my portfolio?

QVOY and CTAP have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QVOY 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, QVOY or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 1.30% for QVOY.

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

QVOY has the higher dividend yield at 7.89%, compared with 0.65% for CTAP.

What is the main difference between QVOY and CTAP?

They also come from different issuers: Q3 and Simplify. Their fees differ too: 1.30% for QVOY and 0.10% for CTAP.