RAA vs. CTAP

Last updated Jun 23, 2026

RAA (SMI 3Fourteen REAL Asset Allocation ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.38 correlation, their price movements are largely independent. RAA charges 0.85%/yr vs 0.10%/yr for CTAP.

Performance

RAA vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SMI 3Fourteen REAL Asset Allocation ETF (RAA) and Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with RAA having a 8.82% return and CTAP slightly lower at 8.42%.

RAA

• 1D: -0.16%
• 1M: -0.64%
• YTD: 8.82%
• 6M: 8.51%
• 1Y: 21.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTAP

• 1D: -1.08%
• 1M: -12.31%
• YTD: 8.42%
• 6M: 7.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RAA vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
RAA SMI 3Fourteen REAL Asset Allocation ETF	8.82%	0.38%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	8.42%	2.22%

Correlation

The correlation between RAA and CTAP is 0.38, 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	0.38

Return for Risk

RAA vs. CTAP — Risk / Return Rank

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

RAA

RAA Risk / Return Rank: 69
RAA Sharpe Ratio Rank: 67
RAA Sortino Ratio Rank: 64
RAA Omega Ratio Rank: 68
RAA Calmar Ratio Rank: 74
RAA Martin Ratio Rank: 74

CTAP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

RAA vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SMI 3Fourteen REAL Asset Allocation ETF (RAA) 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.

	RAA	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	2.12	—	—
Sortino ratio: Return per unit of downside risk	2.86	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.62	—	—
Martin ratio: Return relative to average drawdown	13.63	—	—

Drawdowns

RAA vs. CTAP - Drawdown Comparison

The maximum RAA drawdown since its inception was -11.96%, smaller than the maximum CTAP drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for RAA and CTAP.

Drawdown Indicators

	RAA	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-11.96%	-15.19%	+3.23%
Max Drawdown (1Y) Largest decline over 1 year	-5.91%	—	—
Current Drawdown Current decline from peak	-2.39%	-15.07%	+12.68%
Average Drawdown Average peak-to-trough decline	-1.48%	-2.99%	+1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	—	—

Volatility

Volatility by Period

	RAA	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.11%	24.37%	-14.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.86%	24.37%	-11.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.86%	24.37%	-11.51%

RAA vs. CTAP - Expense Ratio Comparison

RAA has a 0.85% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

RAA vs. CTAP - Dividend Comparison

RAA's dividend yield for the trailing twelve months is around 2.11%, more than CTAP's 0.73% yield.

Position	TTM	2025
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.73%	0.00%
RAA SMI 3Fourteen REAL Asset Allocation ETF	2.11%	2.14%

Frequently Asked Questions

Can I hold both RAA and CTAP in my portfolio?

RAA and CTAP have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RAA 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, RAA or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.85% for RAA.

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

RAA has the higher dividend yield at 2.11%, compared with 0.73% for CTAP.

What is the main difference between RAA and CTAP?

They also come from different issuers: SMI Advisory Services and Simplify. Their fees differ too: 0.85% for RAA and 0.10% for CTAP.