TUGN vs. CTAP

Last updated Jun 4, 2026

TUGN (STF Tactical Growth & Income ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.23 correlation, their price movements are largely independent. TUGN charges 0.65%/yr vs 0.10%/yr for CTAP.

Performance

TUGN vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in STF Tactical Growth & Income ETF (TUGN) 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, TUGN achieves a 19.35% return, which is significantly lower than CTAP's 21.95% return.

TUGN

• 1D: -0.29%
• 1M: 11.07%
• YTD: 19.35%
• 6M: 17.92%
• 1Y: 36.99%
• 3Y*: 22.84%
• 5Y*: —
• 10Y*: —

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)

TUGN vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
TUGN STF Tactical Growth & Income ETF	19.35%	-1.51%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between TUGN and CTAP is 0.23, 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	0.23

TUGN vs. CTAP - Sectors Allocation Comparison

Sectors	TUGN	CTAP
Technology	53.8%	-
Communication Services	15.6%	-
Consumer Cyclical	11.8%	-
Consumer Defensive	7.9%	-
Healthcare	4.3%	-
Industrials	3.2%	-
Utilities	1.3%	-
Basic Materials	1.2%	-
Energy	0.7%	-
Financial Services	0.2%	49.3%
Real Estate	0.1%	-

Return for Risk

TUGN vs. CTAP — Risk / Return Rank

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

TUGN

TUGN Risk / Return Rank: 66
TUGN Sharpe Ratio Rank: 74
TUGN Sortino Ratio Rank: 69
TUGN Omega Ratio Rank: 71
TUGN Calmar Ratio Rank: 58
TUGN Martin Ratio Rank: 57

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.

TUGN vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for STF Tactical Growth & Income ETF (TUGN) 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.

	TUGN	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	2.44	—	—
Sortino ratio: Return per unit of downside risk	3.19	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	2.87	—	—
Martin ratio: Return relative to average drawdown	10.00	—	—
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

	TUGN	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	2.50	-1.53

Drawdowns

TUGN vs. CTAP - Drawdown Comparison

The maximum TUGN drawdown since its inception was -23.45%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for TUGN and CTAP.

Drawdown Indicators

	TUGN	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-23.45%	-9.02%	-14.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.60%	—	—
Current Drawdown Current decline from peak	-0.29%	-4.47%	+4.18%
Average Drawdown Average peak-to-trough decline	-6.43%	-2.18%	-4.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	—	—

Volatility

Volatility by Period

	TUGN	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	23.94%	-8.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	23.94%	-6.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.03%	23.94%	-6.91%

TUGN vs. CTAP - Expense Ratio Comparison

TUGN has a 0.65% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

TUGN vs. CTAP - Dividend Comparison

TUGN's dividend yield for the trailing twelve months is around 10.50%, more than CTAP's 0.65% yield.

Position	TTM	2025	2024	2023	2022
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%	0.00%	0.00%	0.00%
TUGN STF Tactical Growth & Income ETF	10.50%	11.50%	11.84%	10.83%	7.58%

Frequently Asked Questions

Can I hold both TUGN and CTAP in my portfolio?

TUGN and CTAP have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TUGN 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, TUGN or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 0.65% for TUGN.

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

TUGN has the higher dividend yield at 10.50%, compared with 0.65% for CTAP.

What is the main difference between TUGN and CTAP?

They also come from different issuers: STF and Simplify. Their fees differ too: 0.65% for TUGN and 0.10% for CTAP.