RYRUX vs. CTAP

Last updated Jun 4, 2026

RYRUX (Rydex Russell 2000 2x Strategy Fund) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both funds - RYRUX is a Leveraged Equities fund managed by Rydex Funds, while CTAP is a Diversified Portfolio fund actively managed by Simplify. At a 0.15 correlation, their price movements are largely independent. RYRUX charges 1.86%/yr vs 0.10%/yr for CTAP.

Performance

RYRUX vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Russell 2000 2x Strategy Fund (RYRUX) 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, RYRUX achieves a 34.87% return, which is significantly higher than CTAP's 21.95% return.

RYRUX

• 1D: 1.80%
• 1M: 9.40%
• YTD: 34.87%
• 6M: 31.04%
• 1Y: 79.78%
• 3Y*: 25.49%
• 5Y*: 1.57%
• 10Y*: 11.45%

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)

RYRUX vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
RYRUX Rydex Russell 2000 2x Strategy Fund	34.87%	-3.94%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between RYRUX and CTAP is 0.15, 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	0.15

Return for Risk

RYRUX vs. CTAP — Risk / Return Rank

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

RYRUX

RYRUX Risk / Return Rank: 58
RYRUX Sharpe Ratio Rank: 58
RYRUX Sortino Ratio Rank: 45
RYRUX Omega Ratio Rank: 39
RYRUX Calmar Ratio Rank: 82
RYRUX Martin Ratio Rank: 68

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.

RYRUX vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Russell 2000 2x Strategy Fund (RYRUX) 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.

	RYRUX	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	2.25	—	—
Sortino ratio: Return per unit of downside risk	2.83	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.84	—	—
Martin ratio: Return relative to average drawdown	13.07	—	—
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

	RYRUX	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	2.50	-2.39

Drawdowns

RYRUX vs. CTAP - Drawdown Comparison

The maximum RYRUX drawdown since its inception was -88.49%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for RYRUX and CTAP.

Drawdown Indicators

	RYRUX	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-88.49%	-9.02%	-79.47%
Max Drawdown (1Y) Largest decline over 1 year	-22.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-49.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-62.41%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-71.68%	—	—
Current Drawdown Current decline from peak	-4.46%	-4.47%	+0.01%
Average Drawdown Average peak-to-trough decline	-31.30%	-2.18%	-29.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.56%	—	—

Volatility

Volatility by Period

	RYRUX	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.24%	23.94%	+14.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.10%	23.94%	+21.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.87%	23.94%	+22.93%

RYRUX vs. CTAP - Expense Ratio Comparison

RYRUX has a 1.86% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

RYRUX vs. CTAP - Dividend Comparison

RYRUX's dividend yield for the trailing twelve months is around 2.73%, more than CTAP's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
RYRUX Rydex Russell 2000 2x Strategy Fund	2.73%	3.68%	2.93%	0.35%	0.00%	0.20%	0.00%	0.27%	0.00%	2.57%	0.00%	28.79%

Frequently Asked Questions

Can I hold both RYRUX and CTAP in my portfolio?

RYRUX and CTAP have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.