CTAP vs BITI
Comparison between Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP, ETF) and ProShares Short Bitcoin ETF (BITI, ETF).
CTAP vs BITI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
CTAP
$178M
BITI
$177M
Expense Ratio
Winner
CTAP
0.10%
BITI
1.01%
Max Drawdown
Winner
CTAP
11.49%
BITI
92.63%
Sharpe Ratio
Winner
CTAP
1.16
BITI
1.11
5Y Beta
CTAP
0.45
Winner
BITI
-1.28
CTAP vs BITI - Historical Returns
Returns include dividend reinvestment.
1M
CTAP
-11.18%
Winner
BITI
+17.39%
3M
CTAP
+6.11%
Winner
BITI
+9.12%
6M
CTAP
+14.94%
Winner
BITI
+18.83%
1Y
CTAP
N/A
BITI
+45.97%
Max(CAGR)
Winner
CTAP
+33.30%
BITI
-37.83%
CTAP vs BITI - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | CTAP | BITI |
|---|---|---|
| 2026 | +13.53% | +24.34% |
| 2025 | +2.44% | +2.65% |
| 2024 | N/A | -59.89% |
| 2023 | N/A | -66.00% |
| 2022 | N/A | -0.06% |
CTAP vs BITI Drawdown Comparison
The maximum drawdown for CTAP was -11.49%, occurring on Jun 12, 2026. This drawdown has not yet recovered.
The maximum drawdown for BITI was -92.16%, occurring on Oct 6, 2025. This drawdown has not yet recovered.
The current CTAP drawdown is -11.34%. The current BITI drawdown is -86.77%.
| Rank | CTAP | BITI |
|---|---|---|
| #1 | -11.49% May 14, 2026 - Jun 12, 2026 | -92.16% Nov 9, 2022 - Oct 6, 2025 |
| #2 | -9.02% Mar 2, 2026 - Apr 22, 2026 | -26.60% Jun 30, 2022 - Nov 9, 2022 |
| #3 | -6.04% Jan 29, 2026 - Feb 18, 2026 | -5.57% Jun 22, 2022 - Jun 30, 2022 |
| #4 | -4.04% Jan 14, 2026 - Jan 26, 2026 | N/A |
| #5 | -3.61% May 4, 2026 - May 12, 2026 | N/A |
| #6 | -3.02% Dec 26, 2025 - Jan 9, 2026 | N/A |
| #7 | -1.70% Dec 11, 2025 - Dec 19, 2025 | N/A |
| #8 | -1.14% Apr 30, 2026 - May 4, 2026 | N/A |
| #9 | -0.68% Jan 12, 2026 - Jan 14, 2026 | N/A |
| #10 | -0.38% Feb 20, 2026 - Feb 24, 2026 | N/A |
| #11 | -0.34% May 12, 2026 - May 14, 2026 | N/A |
| #12 | -0.07% Feb 25, 2026 - Feb 27, 2026 | N/A |
| #13 | -0.03% Dec 23, 2025 - Dec 26, 2025 | N/A |
Correlation
Correlation between CTAP and BITI is 0.16 which considered as a very weak or no correlation - the stocks move independently of each other.
0.16
-101
Dividend Comparison (2022 - 2026)
CTAP vs BITI dividend yield comparison.
| Year | CTAP | BITI |
|---|---|---|
| 2026 | 0.70% | 8.93% |
| 2025 | 0.00% | 1.60% |
| 2024 | 0.00% | 3.91% |
| 2023 | 0.00% | 3.33% |
| 2022 | 0.00% | 0.06% |
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