Simplify High Yield PLUS Credit Hedge ETF (CDX)
CDX is an actively managed ETF by Simplify. CDX launched on Feb 14, 2022 and has a 0.26% expense ratio.
ETF Info
| ISIN | US82889N8305 |
|---|---|
| Issuer | Simplify |
| Inception Date | Feb 14, 2022 |
| Region | North America (U.S.) |
| Category | High Yield Bonds |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
CDX has an expense ratio of 0.26%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: CDX vs. TUA, CDX vs. BUCK, CDX vs. JBND, CDX vs. CRDT, CDX vs. MTBA, CDX vs. BND, CDX vs. VOO, CDX vs. SVOL, CDX vs. TIP, CDX vs. SGOV
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.
Returns By Period
Simplify High Yield PLUS Credit Hedge ETF had a return of 10.12% year-to-date (YTD) and 13.40% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.12% | 25.45% |
| 1 month | 0.60% | 2.91% |
| 6 months | 7.45% | 14.05% |
| 1 year | 13.40% | 35.64% |
| 5 years (annualized) | N/A | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of CDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.91% | 0.77% | 0.32% | -0.02% | 0.35% | 1.60% | 1.84% | 3.54% | 0.53% | -2.19% | 10.12% | ||
| 2023 | 1.54% | -1.56% | 4.07% | 0.98% | -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% | -5.67% | 6.55% | -5.38% | -1.32% | 0.37% | 3.44% | -1.57% | -8.12% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CDX is 67, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Simplify High Yield PLUS Credit Hedge ETF (CDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Simplify High Yield PLUS Credit Hedge ETF provided a 7.44% dividend yield over the last twelve months, with an annual payout of $1.75 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $1.75 | $1.20 | $1.61 |
Dividend yield | 7.44% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.10 | $0.10 | $0.15 | $0.15 | $0.10 | $0.15 | $0.20 | $0.20 | $0.20 | $0.20 | $0.00 | $1.55 | |
| 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 | $0.80 | $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.
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 0.71%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.24% | Mar 3, 2022 | 161 | Oct 20, 2022 | 268 | Nov 14, 2023 | 429 |
| -2.77% | Oct 4, 2024 | 20 | Oct 31, 2024 | — | — | — |
| -2.41% | Mar 20, 2024 | 20 | Apr 17, 2024 | 20 | May 15, 2024 | 40 |
| -1.65% | May 16, 2024 | 9 | May 29, 2024 | 10 | Jun 12, 2024 | 19 |
| -1.28% | Dec 28, 2023 | 6 | Jan 5, 2024 | 3 | Jan 10, 2024 | 9 |
Volatility
Volatility Chart
The current Simplify High Yield PLUS Credit Hedge ETF volatility is 2.63%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.