CTAP vs MPV

Comparison between Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP, ETF) and Barings Participation Investors (MPV, ETF).

CTAP vs MPV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CTAP(ETF)	MPV(ETF)
Net Assets	$165M	$165M
Expense Ratio	0.10%	N/A
Max Drawdown	9.68%	58.06%
Sharpe Ratio	1.38	0.07
5Y Beta	0.47	0.16
5Y Dividends CAGR	N/A	18.25%

Net Assets

Winner

CTAP

$165M

MPV

$165M

Expense Ratio

CTAP

0.10%

MPV

N/A

Max Drawdown

Winner

CTAP

9.68%

MPV

58.06%

Sharpe Ratio

Winner

CTAP

1.38

MPV

0.07

5Y Beta

CTAP

0.47

Winner

MPV

0.16

5Y Dividends CAGR

CTAP

N/A

MPV

18.25%

CTAP vs MPV - Historical Returns

Returns include dividend reinvestment.

Period	CTAP	MPV
1 month	-8.18%	-1.62%
3 months	+4.90%	-10.03%
6 months	+18.12%	-11.18%
1 year	N/A	+0.85%
5 years(CAGR)	N/A	+12.68%
10 years(CAGR)	N/A	+9.43%
Max(CAGR)	+40.74%	+10.30%

CTAP

-8.18%

Winner

MPV

-1.62%

Winner

CTAP

+4.90%

MPV

-10.03%

Winner

CTAP

+18.12%

MPV

-11.18%

CTAP

N/A

MPV

+0.85%

5Y(CAGR)

CTAP

N/A

MPV

+12.68%

10Y(CAGR)

CTAP

N/A

MPV

+9.43%

Max(CAGR)

Winner

CTAP

+40.74%

MPV

+10.30%

CTAP vs MPV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CTAP	MPV
2026	+15.66%	+2.23%
2025	+2.44%	+0.65%
2024	N/A	+23.57%
2023	N/A	+38.90%
2022	N/A	-8.74%
2021	N/A	+32.50%
2020	N/A	-20.48%
2019	N/A	+13.29%
2018	N/A	+12.79%
2017	N/A	+7.17%
2016	N/A	+12.36%
2015	N/A	+12.35%
2014	N/A	+11.33%
2013	N/A	-2.17%
2012	N/A	-3.05%
2011	N/A	+22.51%
2010	N/A	+24.55%
2009	N/A	+42.89%
2008	N/A	-22.37%
2007	N/A	-4.22%
2006	N/A	+17.46%
2005	N/A	+13.65%
2004	N/A	+24.17%
2003	N/A	+37.18%
2002	N/A	+10.96%
2001	N/A	-8.20%
2000	N/A	+20.22%
1999	N/A	+1.28%

CTAP vs MPV Drawdown Comparison

The maximum drawdown for CTAP was -9.68%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for MPV was -54.02%, occurring on Mar 23, 2020. Recovery took 896 trading sessions.

The current CTAP drawdown is -9.68%. The current MPV drawdown is -14.30%.

Rank	CTAP	MPV
#1	-9.68% May 14, 2026 - Jun 5, 2026	-54.02% Feb 7, 2020 - Aug 30, 2023
#2	-9.02% Mar 2, 2026 - Apr 22, 2026	-49.97% Mar 9, 2007 - May 13, 2010
#3	-6.04% Jan 29, 2026 - Feb 18, 2026	-21.77% Aug 28, 2001 - May 16, 2003
#4	-4.04% Jan 14, 2026 - Jan 26, 2026	-21.21% Nov 19, 1999 - Aug 21, 2000
#5	-3.61% May 4, 2026 - May 12, 2026	-19.70% Nov 26, 2025 - Dec 31, 2025
#6	-3.02% Dec 26, 2025 - Jan 9, 2026	-16.94% Aug 18, 2005 - Feb 16, 2006
#7	-1.70% Dec 11, 2025 - Dec 19, 2025	-16.94% Sep 20, 2012 - Aug 15, 2014
#8	-1.14% Apr 30, 2026 - May 4, 2026	-15.21% Feb 9, 2005 - May 27, 2005
#9	-0.68% Jan 12, 2026 - Jan 14, 2026	-13.78% Feb 20, 2025 - May 27, 2025
#10	-0.38% Feb 20, 2026 - Feb 24, 2026	-13.28% Jan 20, 2012 - Sep 19, 2012
#11	-0.34% May 12, 2026 - May 14, 2026	-12.19% Sep 12, 2016 - Sep 26, 2017
#12	-0.07% Feb 25, 2026 - Feb 27, 2026	-12.14% Aug 1, 2011 - Oct 14, 2011
#13	-0.03% Dec 23, 2025 - Dec 26, 2025	-10.76% Mar 9, 2011 - Jul 8, 2011
#14	N/A	-10.70% Jan 16, 2015 - May 18, 2015
#15	N/A	-10.32% Jul 10, 2024 - Sep 16, 2024

Correlation

Correlation between CTAP and MPV is 0.19 which considered as a very weak or no correlation - the stocks move independently of each other.

0.19

-101

Dividend Comparison (2000 - 2026)

CTAP vs MPV dividend yield comparison.

Year	CTAP	MPV
2026	0.68%	2.23%
2025	0.00%	9.31%
2024	0.00%	9.19%
2023	0.00%	8.27%
2022	0.00%	6.98%
2021	0.00%	5.41%
2020	0.00%	6.73%
2019	0.00%	6.70%
2018	0.00%	7.18%
2017	0.00%	7.66%
2016	0.00%	7.61%
2015	0.00%	7.86%
2014	0.00%	8.16%
2013	0.00%	8.39%
2012	0.00%	7.76%
2011	0.00%	7.76%
2010	0.00%	7.20%
2009	0.00%	8.20%
2008	0.00%	11.05%
2007	0.00%	9.48%
2006	0.00%	8.10%
2005	0.00%	7.19%
2004	0.00%	8.26%
2003	0.00%	8.24%
2002	0.00%	9.15%
2001	0.00%	10.55%
2000	0.00%	9.41%