MMTM vs CTAP

Comparison between STATE STREET(R) SPDR(R) S&P(R) 1500 MOMENTUM TILT ETF (MMTM, ETF) and Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP, ETF).

MMTM vs CTAP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMTM(ETF)	CTAP(ETF)
Net Assets	$165M	$165M
Expense Ratio	0.12%	0.10%
Max Drawdown	34.21%	9.68%
Sharpe Ratio	1.33	1.38
5Y Beta	1.12	0.47
P/E Ratio	28.19	N/A
Forward P/E	22.31	N/A
5Y Dividends CAGR	7.14%	N/A
5Y EPS CAGR	31.27%	N/A
Debt to Equity	30.71%	N/A
P/S Ratio	3.81	N/A
P/B Ratio	5.72	N/A

Net Assets

Winner

MMTM

$165M

CTAP

$165M

Expense Ratio

MMTM

0.12%

Winner

CTAP

0.10%

Max Drawdown

MMTM

34.21%

Winner

CTAP

9.68%

Sharpe Ratio

MMTM

1.33

Winner

CTAP

1.38

5Y Beta

MMTM

1.12

Winner

CTAP

0.47

P/E Ratio

MMTM

28.19

CTAP

N/A

Forward P/E

MMTM

22.31

CTAP

N/A

5Y Dividends CAGR

MMTM

7.14%

CTAP

N/A

5Y EPS CAGR

MMTM

31.27%

CTAP

N/A

Debt to Equity

MMTM

30.71%

CTAP

N/A

P/S Ratio

MMTM

3.81

CTAP

N/A

P/B Ratio

MMTM

5.72

CTAP

N/A

MMTM vs CTAP - Holdings Comparison

MMTM and CTAP have 0 common holdings. Overlap is 0.00%

MMTM's top 25 holdings weight is 61.09%. CTAP's top 25 holdings weight is 76.59%.

Rank	MMTM	CTAP
#1	NVIDIA CORP (NVDA) - 11.01%	ISHARES CORE S&P 500 ETF (IVV) - 51.17%
#2	MICROSOFT CORP (MSFT) - 7.06%	SIMPLIFY MANAGED FUTURES STRATEGY ETF (CTA) - 25.42%
#3	BROADCOM INC (AVGO) - 5.02%	N/A
#4	APPLE INC (AAPL) - 4.72%	N/A
#5	ALPHABET INC CLASS A (GOOGL) - 4.69%	N/A
#6	ALPHABET INC CLASS C (GOOG) - 3.76%	N/A
#7	TESLA INC (TSLA) - 3.68%	N/A
#8	AMAZON.COM INC (AMZN) - 3.35%	N/A
#9	META PLATFORMS INC CLASS A (META) - 3.05%	N/A
#10	JPMORGAN CHASE & CO (JPM) - 2.26%	N/A
#11	n/a (PLTR) - 1.26%	N/A
#12	NETFLIX INC (NFLX) - 1.09%	N/A
#13	ORACLE CORP (ORCL) - 0.96%	N/A
#14	GE AEROSPACE (GE) - 0.95%	N/A
#15	MICRON TECHNOLOGY INC (MU) - 0.94%	N/A
#16	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.94%	N/A
#17	WALMART INC (WMT) - 0.88%	N/A
#18	VISA INC CLASS A (V) - 0.88%	N/A
#19	JOHNSON & JOHNSON (JNJ) - 0.74%	N/A
#20	THE GOLDMAN SACHS GROUP INC (GS) - 0.72%	N/A
#21	INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 0.64%	N/A
#22	LAM RESEARCH CORP (LRCX) - 0.63%	N/A
#23	MASTERCARD INC CLASS A (MA) - 0.63%	N/A
#24	WELLS FARGO & CO (WFC) - 0.62%	N/A
#25	BANK OF AMERICA CORP (BAC) - 0.61%	N/A
Total Holdings	1435	2

MMTM vs CTAP - Historical Returns

Returns include dividend reinvestment.

Period	MMTM	CTAP
1 month	+1.81%	-8.18%
3 months	+8.63%	+4.90%
6 months	+8.25%	+18.12%
1 year	+25.07%	N/A
5 years(CAGR)	+13.42%	N/A
10 years(CAGR)	+15.00%	N/A
Max(CAGR)	+14.70%	+40.74%

Winner

MMTM

+1.81%

CTAP

-8.18%

Winner

MMTM

+8.63%

CTAP

+4.90%

MMTM

+8.25%

Winner

CTAP

+18.12%

MMTM

+25.07%

CTAP

N/A

5Y(CAGR)

MMTM

+13.42%

CTAP

N/A

10Y(CAGR)

MMTM

+15.00%

CTAP

N/A

Max(CAGR)

MMTM

+14.70%

Winner

CTAP

+40.74%

MMTM vs CTAP - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	MMTM	CTAP
2026	+8.55%	+15.66%
2025	+13.57%	+2.44%
2024	+31.51%	N/A
2023	+23.41%	N/A
2022	-16.80%	N/A
2021	+28.24%	N/A
2020	+18.52%	N/A
2019	+29.95%	N/A
2018	-4.81%	N/A
2017	+23.42%	N/A
2016	+11.02%	N/A
2015	+5.47%	N/A
2014	+14.69%	N/A
2013	+32.28%	N/A
2012	+1.62%	N/A

MMTM vs CTAP Drawdown Comparison

The maximum drawdown for MMTM was -33.84%, occurring on Mar 23, 2020. Recovery took 115 trading sessions.

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

The current MMTM drawdown is -1.79%. The current CTAP drawdown is -9.68%.

Rank	MMTM	CTAP
#1	-33.84% Feb 19, 2020 - Aug 3, 2020	-9.68% May 14, 2026 - Jun 5, 2026
#2	-23.73% Jan 4, 2022 - Dec 14, 2023	-9.02% Mar 2, 2026 - Apr 22, 2026
#3	-22.08% Feb 19, 2025 - Jul 25, 2025	-6.04% Jan 29, 2026 - Feb 18, 2026
#4	-21.38% Oct 1, 2018 - Jun 18, 2019	-4.04% Jan 14, 2026 - Jan 26, 2026
#5	-15.75% Dec 29, 2015 - Jul 12, 2016	-3.61% May 4, 2026 - May 12, 2026
#6	-11.43% Jul 20, 2015 - Dec 29, 2015	-3.02% Dec 26, 2025 - Jan 9, 2026
#7	-10.95% Jul 10, 2024 - Sep 24, 2024	-1.70% Dec 11, 2025 - Dec 19, 2025
#8	-10.89% Sep 2, 2020 - Dec 8, 2020	-1.14% Apr 30, 2026 - May 4, 2026
#9	-9.90% Feb 25, 2026 - Apr 13, 2026	-0.68% Jan 12, 2026 - Jan 14, 2026
#10	-9.63% Jan 23, 2018 - Jun 13, 2018	-0.38% Feb 20, 2026 - Feb 24, 2026
#11	-8.26% Sep 18, 2014 - Nov 5, 2014	-0.34% May 12, 2026 - May 14, 2026
#12	-7.31% Feb 12, 2021 - Apr 5, 2021	-0.07% Feb 25, 2026 - Feb 27, 2026
#13	-6.71% Mar 22, 2024 - May 15, 2024	-0.03% Dec 23, 2025 - Dec 26, 2025
#14	-6.69% Oct 29, 2025 - Jan 9, 2026	N/A
#15	-5.41% Jul 26, 2019 - Oct 28, 2019	N/A

Correlation

Correlation between MMTM and CTAP is 0.75 which considered as a strong positive correlation - the stocks tend to move together.

0.75

-101

Dividend Comparison (2012 - 2026)

MMTM vs CTAP dividend yield comparison.

Year	MMTM	CTAP
2026	0.19%	0.68%
2025	0.86%	0.00%
2024	0.83%	0.00%
2023	1.16%	0.00%
2022	1.67%	0.00%
2021	0.95%	0.00%
2020	1.14%	0.00%
2019	1.55%	0.00%
2018	1.64%	0.00%
2017	1.52%	0.00%
2016	1.98%	0.00%
2015	1.68%	0.00%
2014	1.54%	0.00%
2013	1.74%	0.00%
2012	0.51%	0.00%