RPHS vs. CTAP
RPHS (Regents Park Hedged Market Strategy ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. Their 0.28 correlation means their historical movements had little consistent relationship. RPHS charges 0.75%/yr vs 0.10%/yr for CTAP.
Performance
RPHS vs. CTAP - Performance Comparison
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Returns By Period
In the year-to-date period, RPHS achieves a 5.19% return, which is significantly lower than CTAP's 8.91% return.
RPHS
- 1D
- 0.00%
- 1M
- -0.05%
- 6M
- 4.63%
- YTD
- 5.19%
- 1Y
- 13.74%
- 3Y*
- 13.17%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.44%
CTAP
- 1D
- 1.11%
- 1M
- 4.75%
- 6M
- 4.96%
- YTD
- 8.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.32M | $7.01M | $3.57M |
RPHS vs. CTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RPHS Regents Park Hedged Market Strategy ETF | 5.19% | -0.04% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 8.91% | 2.22% |
Correlation
The correlation between RPHS and CTAP is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025 | 0.28 |
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Return for Risk
RPHS vs. CTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Regents Park Hedged Market Strategy ETF (RPHS) 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.
| RPHS | CTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | — | — |
| Martin ratioReturn relative to average drawdown | 6.35 | — | — |
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Drawdowns
RPHS vs. CTAP - Drawdown Comparison
The maximum RPHS drawdown since its inception was -16.51%, smaller than the maximum CTAP drawdown of -20.48%. Use the drawdown chart below to compare losses from any high point for RPHS and CTAP.
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Drawdown Indicators
| RPHS | CTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.51% | -20.48% | +3.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.81% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -10.84% | — | — |
Current DrawdownCurrent decline from peak | -1.94% | -14.68% | +12.74% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -5.27% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | — | — |
Volatility
RPHS vs. CTAP - Volatility Comparison
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Volatility by Period
| RPHS | CTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.69% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.57% | 24.78% | -14.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.39% | 24.78% | -13.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.39% | 24.78% | -13.39% |
RPHS vs. CTAP - Expense Ratio Comparison
RPHS has a 0.75% expense ratio, which is higher than CTAP's 0.10% expense ratio.
Dividends
RPHS vs. CTAP - Dividend Comparison
RPHS has not paid dividends to shareholders, while CTAP's dividend yield for the trailing twelve months is around 1.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% |
RPHS Regents Park Hedged Market Strategy ETF | 34.69% | 11.13% | 3.68% | 5.23% | 1.29% |
Frequently Asked Questions
RPHS and CTAP have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CTAP is cheaper with a 0.10% expense ratio, compared with 0.75% for RPHS.
RPHS has the higher dividend yield at 34.69%, compared with 1.83% for CTAP.
They also come from different issuers: Regents Park and Simplify. Their fees differ too: 0.75% for RPHS and 0.10% for CTAP.
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