RISN vs. CTAP

Last updated Jun 4, 2026

RISN (Inspire Tactical Balanced ESG ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. RISN charges 0.82%/yr vs 0.10%/yr for CTAP.

Performance

RISN vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire Tactical Balanced ESG ETF (RISN) 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, RISN achieves a 6.51% return, which is significantly lower than CTAP's 21.95% return.

RISN

• 1D: -0.29%
• 1M: 4.49%
• YTD: 6.51%
• 6M: 4.83%
• 1Y: 15.61%
• 3Y*: 12.08%
• 5Y*: 4.57%
• 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)

RISN vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
RISN Inspire Tactical Balanced ESG ETF	6.51%	-1.25%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between RISN and CTAP is 0.14, 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	0.14

RISN vs. CTAP - Sectors Allocation Comparison

Sectors	RISN	CTAP
Industrials	27.1%	-
Financial Services	22.2%	49.3%
Technology	18.6%	-
Consumer Cyclical	10.9%	-
Energy	6.8%	-
Healthcare	4.5%	-
Communication Services	4.0%	-
Basic Materials	2.7%	-
Consumer Defensive	2.6%	-
Real Estate	-	-
Utilities	-	-

Return for Risk

RISN vs. CTAP — Risk / Return Rank

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

RISN

RISN Risk / Return Rank: 39
RISN Sharpe Ratio Rank: 37
RISN Sortino Ratio Rank: 37
RISN Omega Ratio Rank: 33
RISN Calmar Ratio Rank: 43
RISN Martin Ratio Rank: 44

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.

RISN vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire Tactical Balanced ESG ETF (RISN) 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.

	RISN	CTAP	Difference
Sharpe ratio Return per unit of total volatility	1.32	—	—
Sortino ratio Return per unit of downside risk	1.92	—	—
Omega ratio Gain probability vs. loss probability	1.23	—	—
Calmar ratio Return relative to maximum drawdown	2.11	—	—
Martin ratio Return relative to average drawdown	7.14	—	—
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

	RISN	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	2.50	-1.85

Drawdowns

RISN vs. CTAP - Drawdown Comparison

The maximum RISN drawdown since its inception was -21.88%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for RISN and CTAP.

Drawdown Indicators

	RISN	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-21.88%	-9.02%	-12.86%
Max Drawdown (1Y) Largest decline over 1 year	-7.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.88%	—	—
Current Drawdown Current decline from peak	-0.29%	-4.47%	+4.18%
Average Drawdown Average peak-to-trough decline	-7.52%	-2.18%	-5.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	—	—

Volatility

Volatility by Period

	RISN	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.90%	23.94%	-12.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.18%	23.94%	-12.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.34%	23.94%	-12.60%

RISN vs. CTAP - Expense Ratio Comparison

RISN has a 0.82% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

RISN vs. CTAP - Dividend Comparison

RISN's dividend yield for the trailing twelve months is around 1.03%, more than CTAP's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RISN Inspire Tactical Balanced ESG ETF	1.03%	0.98%	1.39%	2.05%	1.27%	9.74%	4.71%

Frequently Asked Questions

Can I hold both RISN and CTAP in my portfolio?

RISN and CTAP have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RISN 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, RISN or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.82% for RISN.

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

RISN has the higher dividend yield at 1.03%, compared with 0.65% for CTAP.

What is the main difference between RISN and CTAP?

They also come from different issuers: Inspire and Simplify. Their fees differ too: 0.82% for RISN and 0.10% for CTAP.