Data as of Nov 4, 2026.
ASMF vs CTA: Correlation to the S&P 500
Over the year to Nov 4, 2026, CTA moved less with the S&P 500 than ASMF: correlation −0.14 against +0.40.
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Net assets: $30m on Jul 31, 2026 for Virtus AlphaSimplex Managed Futures ETF, and $1.3bn on Nov 3, 2026 for Simplify Managed Futures Strategy ETF.
ASMF in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ASMF −0.49%.
CTA in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, CTA −0.06%.
Pair scorecard
ASMF costs 0.06 points a year less; their one-year returns differ by 8.6 points.
| Measure | ASMF | CTA |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.2% | +4.6% |
| Against its benchmark | ||
| Treasury bills, 52 weeks | +3.7% | |
| Cost and size | ||
| Expense ratio | 0.80% | 0.86% |
| Net assets, ASMF as of Jul 31, 2026 and CTA as of Nov 3, 2026 | $30m | $1.3bn |
| Holdings | ||
| Holdings in common | not published | |
| Risk | ||
| Beta to the S&P 500 | +0.32: about 0.32% for each 1% | −0.30: about 0.30% for each 1% |
| Its average week when the S&P 500 fell | fell 0.49% | fell 0.06% |
How much it diversifies a stock portfolio, ranked against 17 systematic trend alternatives ETFs with a full year. 100 is best. How it is computed
One year of weekly moves against the S&P 500, within one strategy; it ignores what the fund returned. All alternatives ETFs ranked by it →
Window by window
| Total return | ||
|---|---|---|
| Window | ASMF | CTA |
| 3 months | +2.5% | +6.2% |
| 6 months | +1.1% | −10.8% |
| 1 year | +13.2% | +4.6% |
| 3 years | – | +22.3% |
| Since launchNot the same days: ASMF May 2024 · CTA Mar 2022 | +6.6% | +37.8% |
– means no data for this window. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
One strategy, two funds
ASMF and CTA both run a managed futures strategy. Over the same 52 weeks to Nov 4, 2026, ASMF’s weekly returns had a correlation of +0.40 with the S&P 500 and CTA’s −0.14. In the 26 weeks the index fell, by 1.07% a week on average, ASMF averaged −0.49% and CTA −0.06%. Over the same weeks, ASMF finished 9.2 percentage points ahead of cash and CTA finished level with cash.
ASMF
ASMF is a managed futures fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.40 with the S&P 500’s and a beta of +0.32, so for each 1% the index moved it moved about 0.32% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks ASMF fell 0.49% on average, a down-week capture of 45.9%. Over the same 52 weeks ASMF returned +12.9% and a Treasury bill fund +3.7%, so it finished 9.2 percentage points ahead of cash.
CTA
CTA is a managed futures fund. Over the year to Nov 4, 2026, its weekly returns had a correlation of −0.14 with the S&P 500’s and a beta of −0.30, so for each 1% the index moved it moved about 0.30% the other way. In the same weeks CTA fell 0.06% on average, a down-week capture of 5.3%. Over the same 52 weeks CTA returned +3.6% and a Treasury bill fund +3.7%, so it finished level with cash.
Questions people ask
- Which moved less with the S&P 500, ASMF or CTA?
- Over the 52 weeks to Nov 4, 2026, ASMF’s weekly returns had a correlation of +0.40 with the S&P 500 and CTA’s −0.14, so CTA moved less with the index.
- Which did better when the S&P 500 fell, ASMF or CTA?
- In the 26 weeks the S&P 500 fell, by 1.07% a week on average, ASMF averaged −0.49% and CTA −0.06%, so CTA returned more in those weeks.
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How this is computed
It is a place in a set, not a rating or a recommendation.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, ASMF against CTA, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/asmf-vs-cta
ETFIQ. (Nov 4, 2026). ASMF against CTA. Retrieved from https://etfiq.com/compare/alternatives/asmf-vs-cta
[ASMF against CTA (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/alternatives/asmf-vs-cta)
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