SEGA.L vs. CTA
SEGA.L (iShares Core Euro Government Bond UCITS ETF (Dist)) and CTA (Simplify Managed Futures Strategy ETF) are both exchange-traded funds - SEGA.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while CTA is a Systematic Trend fund actively managed by Simplify. SEGA.L is passively managed, while CTA is actively managed. Over the past 3 years, SEGA.L returned 2.02%/yr vs 8.54%/yr for CTA. At a correlation of -0.11, they often move in opposite directions. SEGA.L charges 0.09%/yr vs 0.78%/yr for CTA.
Performance
SEGA.L vs. CTA - Performance Comparison
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Different Trading Currencies
SEGA.L is traded in GBP, while CTA is traded in USD. To make them comparable, the CTA values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SEGA.L achieves a -2.14% return, which is significantly lower than CTA's 11.17% return.
SEGA.L
- 1D
- 0.21%
- 1M
- 0.89%
- YTD
- -2.14%
- 6M
- -2.17%
- 1Y
- 1.39%
- 3Y*
- 2.02%
- 5Y*
- -2.37%
- 10Y*
- 0.52%
CTA
- 1D
- -1.40%
- 1M
- -7.24%
- YTD
- 11.17%
- 6M
- 11.63%
- 1Y
- 14.96%
- 3Y*
- 8.54%
- 5Y*
- —
- 10Y*
- —
SEGA.L vs. CTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | -2.14% | 5.88% | -2.94% | 4.76% | -10.74% |
CTA Simplify Managed Futures Strategy ETF | 11.17% | -6.30% | 26.32% | -7.12% | 18.67% |
Correlation
The correlation between SEGA.L and CTA is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2022 | -0.11 |
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Return for Risk
SEGA.L vs. CTA — Risk / Return Rank
SEGA.L
CTA
SEGA.L vs. CTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) and Simplify Managed Futures Strategy ETF (CTA). 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.
| SEGA.L | CTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.14 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 1.41 | -1.14 |
| Martin ratioReturn relative to average drawdown | 0.57 | 3.55 | -2.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SEGA.L | CTA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 0.68 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.45 | -0.29 |
Drawdowns
SEGA.L vs. CTA - Drawdown Comparison
The maximum SEGA.L drawdown since its inception was -26.75%, smaller than the maximum CTA drawdown of -29.34%. Use the drawdown chart below to compare losses from any high point for SEGA.L and CTA.
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Drawdown Indicators
| SEGA.L | CTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.75% | -29.34% | +2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -5.13% | -10.64% | +5.51% |
Max Drawdown (3Y)Largest decline over 3 years | -6.26% | -17.81% | +11.55% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.75% | — | — |
Current DrawdownCurrent decline from peak | -19.89% | -8.53% | -11.36% |
Average DrawdownAverage peak-to-trough decline | -10.41% | -13.19% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 4.22% | -1.80% |
Volatility
SEGA.L vs. CTA - Volatility Comparison
The current volatility for iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) is 1.77%, while Simplify Managed Futures Strategy ETF (CTA) has a volatility of 8.63%. This indicates that SEGA.L experiences smaller price fluctuations and is considered to be less risky than CTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEGA.L | CTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 8.63% | -6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 19.10% | -14.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.55% | 22.03% | -16.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 20.53% | -13.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.50% | 20.53% | -12.03% |
SEGA.L vs. CTA - Expense Ratio Comparison
SEGA.L has a 0.09% expense ratio, which is lower than CTA's 0.78% expense ratio.
Dividends
SEGA.L vs. CTA - Dividend Comparison
SEGA.L's dividend yield for the trailing twelve months is around 1.19%, less than CTA's 4.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTA Simplify Managed Futures Strategy ETF | 4.92% | 3.19% | 4.80% | 7.78% | 6.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | 1.19% | 2.25% | 1.82% | 0.97% | 0.26% | 0.25% | 0.45% | 0.68% | 0.65% | 0.69% | 0.86% | 0.60% |
Frequently Asked Questions
SEGA.L and CTA have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEGA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEGA.L is cheaper with a 0.09% expense ratio, compared with 0.78% for CTA.
SEGA.L is categorized as European Government Bonds, while CTA is Systematic Trend. They also come from different issuers: iShares and Simplify. Their fees differ too: 0.09% for SEGA.L and 0.78% for CTA.
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