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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Simplify High Yield PLUS Credit Hedge ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Simplify High Yield PLUS Credit Hedge ETF (CDX) has returned -2.19% so far this year and 0.72% over the past 12 months.
Simplify High Yield PLUS Credit Hedge ETF
- 1D
- 0.52%
- 1M
- -2.16%
- YTD
- -2.19%
- 6M
- -3.01%
- 1Y
- 0.72%
- 3Y*
- 7.73%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Feb 15, 2022, CDX's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, your investment would double in approximately 15.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Jul 2022 with a return of +6.6%, while the worst month was Jun 2022 at -5.7%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 2 months.
On a daily basis, CDX closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +11.0%, while the worst single day was Apr 10, 2025 at -8.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.06% | -0.09% | -2.16% | -2.19% | |||||||||
| 2025 | 2.48% | 3.05% | 0.70% | 0.56% | 1.92% | 1.12% | -0.43% | -0.48% | 1.10% | -0.44% | 0.22% | -0.62% | 9.51% |
| 2024 | 0.90% | 0.78% | 0.32% | -0.02% | 0.35% | 1.60% | 1.85% | 3.54% | 0.53% | -2.19% | 2.08% | -2.14% | 7.71% |
| 2023 | 1.54% | -1.57% | 4.07% | 0.99% | -0.41% | 0.35% | -0.01% | 1.01% | -0.69% | 1.16% | 4.13% | 1.63% | 12.74% |
| 2022 | 0.96% | -2.14% | -3.92% | 0.91% | -5.66% | 6.55% | -5.38% | -1.32% | 0.37% | 3.44% | -1.56% | -8.12% |
Benchmark Metrics
Simplify High Yield PLUS Credit Hedge ETF has an annualized alpha of 1.16%, beta of 0.35, and R² of 0.31 versus S&P 500 Index. Calculated based on daily prices since February 16, 2022.
- This ETF participated in 32.43% of S&P 500 Index downside but only 29.44% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.35 may look defensive, but with R² of 0.31 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.31 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.16%
- Beta
- 0.35
- R²
- 0.31
- Upside Capture
- 29.44%
- Downside Capture
- 32.43%
Expense Ratio
CDX has an expense ratio of 0.26%, which is considered low.
Return for Risk
Risk / Return Rank
CDX ranks 13 for risk / return — in the bottom 13% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Simplify High Yield PLUS Credit Hedge ETF (CDX) and compare them to a chosen benchmark (S&P 500 Index).
| CDX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.04 | 0.90 | -0.85 |
Sortino ratioReturn per unit of downside risk | 0.19 | 1.39 | -1.20 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.21 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.13 | 1.40 | -1.27 |
Martin ratioReturn relative to average drawdown | 0.21 | 6.61 | -6.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore CDX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Simplify High Yield PLUS Credit Hedge ETF provided a 8.43% dividend yield over the last twelve months, with an annual payout of $1.80 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.80 | $1.60 | $2.75 | $1.20 | $1.61 |
Dividend yield | 8.43% | 7.18% | 12.60% | 5.26% | 7.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify High Yield PLUS Credit Hedge ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.15 | $0.15 | $0.15 | $0.45 | |||||||||
| 2025 | $0.05 | $0.05 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $1.60 |
| 2024 | $0.10 | $0.10 | $0.15 | $0.15 | $0.10 | $0.15 | $0.20 | $0.20 | $0.20 | $0.20 | $0.25 | $0.95 | $2.75 |
| 2023 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.20 |
| 2022 | $0.06 | $0.09 | $0.10 | $0.10 | $0.06 | $0.10 | $0.10 | $0.10 | $0.10 | $0.79 | $1.61 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Simplify High Yield PLUS Credit Hedge ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Simplify High Yield PLUS Credit Hedge ETF was 13.24%, occurring on Oct 20, 2022. Recovery took 268 trading sessions.
The current Simplify High Yield PLUS Credit Hedge ETF drawdown is 7.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.24% | Mar 3, 2022 | 161 | Oct 20, 2022 | 268 | Nov 14, 2023 | 429 |
| -8.88% | Apr 10, 2025 | 2 | Apr 11, 2025 | — | — | — |
| -6.73% | Apr 3, 2025 | 2 | Apr 4, 2025 | 3 | Apr 9, 2025 | 5 |
| -3.15% | Oct 4, 2024 | 54 | Dec 19, 2024 | 19 | Jan 21, 2025 | 73 |
| -2.41% | Mar 20, 2024 | 20 | Apr 17, 2024 | 20 | May 15, 2024 | 40 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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