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HARD vs CTA

Simplify Commodities Strategy No K-1 ETF vs Simplify Managed Futures Strategy ETF

HARD

Simplify Commodities Strategy No K-1 ETF

Simplify Asset Management

Annual cost

0.78%

Fund size

$118M

CTA

Simplify Managed Futures Strategy ETF

Simplify Asset Management

Annual cost

0.75%

Fund size

$1.7B

Key differences

  • CTA is significantly larger than HARD — larger funds tend to be more liquid and less likely to close.
  • HARD is classified as commodity, while CTA is alternative — different risk/return profiles.

Side-by-side comparison

HARDCTA
Annual cost (TER)0.78%0.75%
Fund size (AUM)$118M$1.7B
Since20232022
Dividend yield3.05%4.03%
Asset classcommodityalternative
Region
Strategysystematic alpha
CAGR 1Y+25.3%+16.5%
CAGR 3Y+14.1%+13.4%
CAGR 5YN/AN/A
Sharpe 3Y0.600.66
Volatility 1Y26.20%19.72%
Max drawdown-13.51%-18.07%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to HARD and CTA