THRV vs. CTAP

Last updated Jun 23, 2026

THRV (Prospera Income ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. THRV charges 1.80%/yr vs 0.10%/yr for CTAP.

Performance

THRV vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Prospera Income ETF (THRV) 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, THRV achieves a 1.79% return, which is significantly lower than CTAP's 8.42% return.

THRV

• 1D: -0.04%
• 1M: -0.33%
• YTD: 1.79%
• 6M: 1.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTAP

• 1D: -1.08%
• 1M: -12.31%
• YTD: 8.42%
• 6M: 7.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

THRV vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
THRV Prospera Income ETF	1.79%	0.07%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	8.42%	2.22%

Correlation

The correlation between THRV and CTAP is 0.28, 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 9, 2025	0.28

Return for Risk

THRV vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Prospera Income ETF (THRV) 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

THRV vs. CTAP - Drawdown Comparison

The maximum THRV drawdown since its inception was -1.50%, smaller than the maximum CTAP drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for THRV and CTAP.

Drawdown Indicators

	THRV	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-1.50%	-15.19%	+13.69%
Current Drawdown Current decline from peak	-0.58%	-15.07%	+14.49%
Average Drawdown Average peak-to-trough decline	-0.44%	-2.99%	+2.55%

Volatility

Volatility by Period

	THRV	CTAP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.96%	24.37%	-21.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.96%	24.37%	-21.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.96%	24.37%	-21.41%

THRV vs. CTAP - Expense Ratio Comparison

THRV has a 1.80% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

THRV vs. CTAP - Dividend Comparison

THRV's dividend yield for the trailing twelve months is around 5.40%, more than CTAP's 0.73% yield.

Position	TTM	2025
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.73%	0.00%
THRV Prospera Income ETF	5.40%	1.67%

Frequently Asked Questions

Can I hold both THRV and CTAP in my portfolio?

THRV 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.

Which ETF is better, THRV 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, THRV or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 1.80% for THRV.

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

THRV has the higher dividend yield at 5.40%, compared with 0.73% for CTAP.

What is the main difference between THRV and CTAP?

They also come from different issuers: Prospera Funds and Simplify. Their fees differ too: 1.80% for THRV and 0.10% for CTAP.