SPQ vs. CTA

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify US Equity Plus QIS ETF (SPQ) and Simplify Managed Futures Strategy ETF (CTA).

SPQ and CTA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPQ is an actively managed fund by Simplify. It was launched on Nov 13, 2023. CTA is an actively managed fund by Simplify. It was launched on Mar 7, 2022.

Performance

SPQ vs. CTA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity Plus QIS ETF (SPQ) and Simplify Managed Futures Strategy ETF (CTA). The values are adjusted to include any dividend payments, if applicable.

SPQ vs. CTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPQ Simplify US Equity Plus QIS ETF	0.00%	-4.67%	20.38%	5.51%
CTA Simplify Managed Futures Strategy ETF	12.39%	0.88%	24.15%	-2.03%

Returns By Period

SPQ

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTA

• 1D: -1.31%
• 1M: 0.45%
• YTD: 12.39%
• 6M: 10.76%
• 1Y: 6.40%
• 3Y*: 15.19%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPQ vs. CTA - Expense Ratio Comparison

SPQ has a 1.00% expense ratio, which is higher than CTA's 0.78% expense ratio.

SPQ

Simplify US Equity Plus QIS ETF

CTA

Simplify Managed Futures Strategy ETF

Return for Risk

SPQ vs. CTA — Risk / Return Rank

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

CTA

CTA Risk / Return Rank: 25
CTA Sharpe Ratio Rank: 25
CTA Sortino Ratio Rank: 24
CTA Omega Ratio Rank: 23
CTA Calmar Ratio Rank: 29
CTA Martin Ratio Rank: 21

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.

SPQ vs. CTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity Plus QIS ETF (SPQ) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPQ	CTA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.69	—

Correlation

The correlation between SPQ and CTA is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

SPQ vs. CTA - Dividend Comparison

SPQ has not paid dividends to shareholders, while CTA's dividend yield for the trailing twelve months is around 3.81%.

	TTM	2025	2024	2023	2022
SPQ Simplify US Equity Plus QIS ETF	0.00%	0.31%	17.17%	1.68%	0.00%
CTA Simplify Managed Futures Strategy ETF	3.81%	3.19%	4.80%	7.78%	6.58%

Drawdowns

Drawdown Indicators

	SPQ	CTA	Difference
Max Drawdown Largest peak-to-trough decline	—	-18.07%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.68%	—
Current Drawdown Current decline from peak	—	-1.47%	—
Average Drawdown Average peak-to-trough decline	—	-5.74%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.16%	—

Volatility

Volatility by Period

	SPQ	CTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.05%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.58%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.58%	—