YYY vs. CTAP

Last updated Jun 4, 2026

YYY (Amplify CEF High Income ETF) and CTAP (Simplify US Equity PLUS Managed Futures Strategy ETF) are both Diversified Portfolio funds. YYY is passively managed, while CTAP is actively managed. At a 0.20 correlation, their price movements are largely independent. YYY charges 3.23%/yr vs 0.10%/yr for CTAP.

Performance

YYY vs. CTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CEF High Income ETF (YYY) 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, YYY achieves a 3.82% return, which is significantly lower than CTAP's 21.95% return.

YYY

• 1D: -1.31%
• 1M: -0.45%
• YTD: 3.82%
• 6M: 3.82%
• 1Y: 11.25%
• 3Y*: 12.56%
• 5Y*: 2.92%
• 10Y*: 5.57%

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)

YYY vs. CTAP - Yearly Performance Comparison

	2026 (YTD)	2025
YYY Amplify CEF High Income ETF	3.82%	0.30%
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	21.95%	2.44%

Correlation

The correlation between YYY and CTAP is 0.20, 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	0.20

YYY vs. CTAP - Sectors Allocation Comparison

Sectors	YYY	CTAP
Financial Services	24.6%	49.3%
Healthcare	17.1%	-
Energy	13.1%	-
Real Estate	12.5%	-
Technology	10.2%	-
Utilities	7.8%	-
Industrials	5.1%	-
Communication Services	3.3%	-
Consumer Cyclical	3.2%	-
Consumer Defensive	1.8%	-
Basic Materials	1.3%	-

Return for Risk

YYY vs. CTAP — Risk / Return Rank

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

YYY

YYY Risk / Return Rank: 35
YYY Sharpe Ratio Rank: 36
YYY Sortino Ratio Rank: 35
YYY Omega Ratio Rank: 38
YYY Calmar Ratio Rank: 28
YYY Martin Ratio Rank: 38

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.

YYY vs. CTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CEF High Income ETF (YYY) 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.

	YYY	CTAP	Difference
Sharpe ratio: Return per unit of total volatility	1.32	—	—
Sortino ratio: Return per unit of downside risk	1.91	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.40	—	—
Martin ratio: Return relative to average drawdown	6.19	—	—
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

	YYY	CTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	2.50	-2.07

Drawdowns

YYY vs. CTAP - Drawdown Comparison

The maximum YYY drawdown since its inception was -42.52%, which is greater than CTAP's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for YYY and CTAP.

Drawdown Indicators

	YYY	CTAP	Difference
Max Drawdown Largest peak-to-trough decline	-42.52%	-9.02%	-33.50%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.92%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.52%	—	—
Current Drawdown Current decline from peak	-1.90%	-4.47%	+2.57%
Average Drawdown Average peak-to-trough decline	-6.84%	-2.18%	-4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	—	—

Volatility

Volatility by Period

	YYY	CTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.56%	23.94%	-15.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.36%	23.94%	-12.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.90%	23.94%	-10.04%

YYY vs. CTAP - Expense Ratio Comparison

YYY has a 3.23% expense ratio, which is higher than CTAP's 0.10% expense ratio.

Dividends

YYY vs. CTAP - Dividend Comparison

YYY's dividend yield for the trailing twelve months is around 12.70%, more than CTAP's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CTAP Simplify US Equity PLUS Managed Futures Strategy ETF	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YYY Amplify CEF High Income ETF	12.70%	12.51%	12.50%	12.39%	12.36%	9.08%	9.79%	9.10%	9.73%	8.16%	10.34%	10.77%

Frequently Asked Questions

Can I hold both YYY and CTAP in my portfolio?

YYY and CTAP have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YYY 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, YYY or CTAP?

CTAP is cheaper with a 0.10% expense ratio, compared with 3.23% for YYY.

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

YYY has the higher dividend yield at 12.70%, compared with 0.65% for CTAP.

What is the main difference between YYY and CTAP?

They also come from different issuers: Amplify and Simplify. Their fees differ too: 3.23% for YYY and 0.10% for CTAP.