SSS vs. CTAP

Last updated Jul 16, 2026

SSS (CYBER HORNET S&P 500 and Solana 75/25 Strategy ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. SSS is passively managed, while CTAP is actively managed. At a 0.17 correlation, their price movements are largely independent. SSS charges 0.95%/yr vs 0.10%/yr for CTAP.

Performance

SSS vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CYBER HORNET S&P 500 and Solana 75/25 Strategy ETF (SSS) and Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SSS

• 1D: 0.19%
• 1M: 1.31%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTAP

• 1D: 0.13%
• 1M: -3.19%
• 6M: 4.75%
• YTD: 9.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SSS vs. CTAP - Yearly Performance Comparison

	2026 (YTD)
SSS CYBER HORNET S&P 500 and Solana 75/25 Strategy ETF	-2.33%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	1.18%

Correlation

The correlation between SSS and CTAP is 0.17, 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 Jan 30, 2026	0.17

Return for Risk

SSS vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CYBER HORNET S&P 500 and Solana 75/25 Strategy ETF (SSS) 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.

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

Drawdowns

SSS vs. CTAP - Drawdown Comparison

The maximum SSS drawdown since its inception was -14.64%, smaller than the maximum CTAP drawdown of -20.48%. Use the drawdown chart below to compare losses from any high point for SSS and CTAP.

Drawdown Indicators

	SSS	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-14.64%	-20.48%	+5.84%
Current Drawdown Current decline from peak	-3.13%	-14.17%	+11.04%
Average Drawdown Average peak-to-trough decline	-6.59%	-4.54%	-2.05%

Volatility

Volatility by Period

	SSS	CTAP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.52%	24.36%	-0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.52%	24.36%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.52%	24.36%	-0.84%

SSS vs. CTAP - Expense Ratio Comparison

SSS has a 0.95% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

SSS vs. CTAP - Dividend Comparison

SSS's dividend yield for the trailing twelve months is around 0.09%, less than CTAP's 1.82% yield.

Position	TTM
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	1.82%
SSS CYBER HORNET S&P 500 and Solana 75/25 Strategy ETF	0.09%

Frequently Asked Questions

Can I hold both SSS and CTAP in my portfolio?

SSS and CTAP have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SSS 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, SSS or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.95% for SSS.

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

CTAP has the higher dividend yield at 1.82%, compared with 0.09% for SSS.

What is the main difference between SSS and CTAP?

They also come from different issuers: CYBER HORNET and Simplify. Their fees differ too: 0.95% for SSS and 0.10% for CTAP.