MPV vs CTAP

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

MPV vs CTAP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

MPV

$165M

Winner

CTAP

$165M

Expense Ratio

MPV

N/A

CTAP

0.10%

Max Drawdown

MPV

58.06%

Winner

CTAP

9.68%

Sharpe Ratio

MPV

0.07

Winner

CTAP

1.38

5Y Beta

Winner

MPV

0.16

CTAP

0.47

5Y Dividends CAGR

MPV

18.25%

CTAP

N/A

MPV vs CTAP - Historical Returns

Returns include dividend reinvestment.

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

Winner

MPV

-1.62%

CTAP

-8.18%

MPV

-10.03%

Winner

CTAP

+4.90%

MPV

-11.18%

Winner

CTAP

+18.12%

MPV

+0.85%

CTAP

N/A

5Y(CAGR)

MPV

+12.68%

CTAP

N/A

10Y(CAGR)

MPV

+9.43%

CTAP

N/A

Max(CAGR)

MPV

+10.30%

Winner

CTAP

+40.74%

MPV vs CTAP - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

MPV vs CTAP Drawdown Comparison

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

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

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

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

Correlation

Correlation between MPV and CTAP 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)

MPV vs CTAP dividend yield comparison.

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