RAAX vs. CTAP

Last updated Jun 4, 2026

RAAX (VanEck Inflation Allocation ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. A 0.50 correlation means they provide meaningful diversification when combined. RAAX charges 0.78%/yr vs 0.10%/yr for CTAP.

Performance

RAAX vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Inflation Allocation ETF (RAAX) 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, RAAX achieves a 19.15% return, which is significantly lower than CTAP's 21.95% return.

RAAX

• 1D: 0.39%
• 1M: -1.28%
• YTD: 19.15%
• 6M: 19.65%
• 1Y: 37.19%
• 3Y*: 22.13%
• 5Y*: 13.54%
• 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)

RAAX vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
RAAX VanEck Inflation Allocation ETF	19.15%	1.07%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between RAAX and CTAP is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025	0.50

RAAX vs. CTAP - Sectors Allocation Comparison

Sectors	RAAX	CTAP
Energy	32.6%	-
Industrials	28.6%	-
Basic Materials	17.4%	-
Utilities	13.0%	-
Real Estate	5.0%	-
Technology	1.7%	-
Consumer Cyclical	1.0%	-
Consumer Defensive	0.5%	-
Healthcare	0.2%	-
Communication Services	0.1%	-
Financial Services	0.0%	49.3%

Return for Risk

RAAX vs. CTAP — Risk / Return Rank

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

RAAX

RAAX Risk / Return Rank: 85
RAAX Sharpe Ratio Rank: 83
RAAX Sortino Ratio Rank: 78
RAAX Omega Ratio Rank: 82
RAAX Calmar Ratio Rank: 90
RAAX Martin Ratio Rank: 90

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.

RAAX vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Inflation Allocation ETF (RAAX) 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.

	RAAX	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	2.75	—	—
Sortino ratio: Return per unit of downside risk	3.57	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	5.64	—	—
Martin ratio: Return relative to average drawdown	21.06	—	—
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

	RAAX	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	2.50	-1.88

Drawdowns

RAAX vs. CTAP - Drawdown Comparison

The maximum RAAX drawdown since its inception was -33.91%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for RAAX and CTAP.

Drawdown Indicators

	RAAX	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-33.91%	-9.02%	-24.89%
Max Drawdown (1Y) Largest decline over 1 year	-6.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.55%	—	—
Current Drawdown Current decline from peak	-2.53%	-4.47%	+1.94%
Average Drawdown Average peak-to-trough decline	-6.78%	-2.18%	-4.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	—	—

Volatility

Volatility by Period

	RAAX	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.60%	23.94%	-10.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.60%	23.94%	-8.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.76%	23.94%	-8.18%

RAAX vs. CTAP - Expense Ratio Comparison

RAAX has a 0.78% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

RAAX vs. CTAP - Dividend Comparison

RAAX's dividend yield for the trailing twelve months is around 1.96%, more than CTAP's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RAAX VanEck Inflation Allocation ETF	1.96%	2.34%	1.91%	3.66%	1.53%	8.72%	6.27%	2.37%	0.56%

Frequently Asked Questions

Can I hold both RAAX and CTAP in my portfolio?

RAAX and CTAP have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RAAX 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, RAAX or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.78% for RAAX.

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

RAAX has the higher dividend yield at 1.96%, compared with 0.65% for CTAP.

What is the main difference between RAAX and CTAP?

They also come from different issuers: VanEck and Simplify. Their fees differ too: 0.78% for RAAX and 0.10% for CTAP.