USAF vs. CTAP
USAF (Atlas America Fund) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. USAF charges 0.89%/yr vs 0.10%/yr for CTAP.
Performance
USAF vs. CTAP - Performance Comparison
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Returns By Period
In the year-to-date period, USAF achieves a 2.08% return, which is significantly lower than CTAP's 21.95% return.
USAF
- 1D
- -0.37%
- 1M
- -0.68%
- YTD
- 2.08%
- 6M
- 2.69%
- 1Y
- 6.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CTAP
- 1D
- -0.32%
- 1M
- -3.24%
- YTD
- 21.95%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USAF vs. CTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
USAF Atlas America Fund | 2.08% | 0.42% |
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 21.95% | 2.44% |
Correlation
The correlation between USAF and CTAP is 0.43, 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 | 0.43 |
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Return for Risk
USAF vs. CTAP — Risk / Return Rank
USAF
CTAP
USAF vs. CTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Atlas America Fund (USAF) 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.
| USAF | CTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | — | — |
| Martin ratioReturn relative to average drawdown | 3.27 | — | — |
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
| USAF | CTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 2.50 | -1.18 |
Drawdowns
USAF vs. CTAP - Drawdown Comparison
The maximum USAF drawdown since its inception was -4.46%, smaller than the maximum CTAP drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for USAF and CTAP.
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Drawdown Indicators
| USAF | CTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.46% | -9.02% | +4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.46% | — | — |
Current DrawdownCurrent decline from peak | -3.41% | -4.47% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -2.18% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | — | — |
Volatility
USAF vs. CTAP - Volatility Comparison
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Volatility by Period
| USAF | CTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.74% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 23.94% | -17.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 23.94% | -18.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.69% | 23.94% | -18.25% |
USAF vs. CTAP - Expense Ratio Comparison
USAF has a 0.89% expense ratio, which is higher than CTAP's 0.10% expense ratio.
Dividends
USAF vs. CTAP - Dividend Comparison
USAF's dividend yield for the trailing twelve months is around 2.45%, more than CTAP's 0.65% yield.
| Position | TTM | 2025 |
|---|---|---|
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF | 0.65% | 0.00% |
USAF Atlas America Fund | 2.45% | 2.50% |
Frequently Asked Questions
USAF and CTAP have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CTAP is cheaper with a 0.10% expense ratio, compared with 0.89% for USAF.
USAF has the higher dividend yield at 2.45%, compared with 0.65% for CTAP.
They also come from different issuers: Atlas and Simplify. Their fees differ too: 0.89% for USAF and 0.10% for CTAP.
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