- ISIN
- US82889N8305
- Issuer
- Simplify
- Inception Date
- Feb 14, 2022
- Region
- North America (U.S.)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $398M
Share Price Chart
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Performance
CDX Performance Chart
Simplify High Yield PLUS Credit Hedge ETF (CDX) is down 1.5% since the beginning of the year. CDX is currently trading at $21 per share.
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Returns By Period
Simplify High Yield PLUS Credit Hedge ETF (CDX) has returned -1.51% so far this year and -1.35% over the past 12 months.
Simplify High Yield PLUS Credit Hedge ETF
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- -1.51%
- 6M
- -1.29%
- 1Y
- -1.35%
- 3Y*
- 7.96%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
CDX Monthly Returns History
Based on dividend-adjusted daily data since Feb 15, 2022, CDX's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 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 50% 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% | 1.01% | -0.74% | 0.43% | -1.51% | ||||||
| 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 | 0.80% | -2.14% | -3.92% | 0.91% | -5.66% | 6.55% | -5.38% | -1.32% | 0.37% | 3.44% | -1.56% | -8.26% |
Benchmark Metrics
Simplify High Yield PLUS Credit Hedge ETF has an annualized alpha of 0.14%, beta of 0.35, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since February 15, 2022.
- This ETF participated in 31.35% of S&P 500 Index downside but only 25.66% 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
- 0.14%
- Beta
- 0.35
- R²
- 0.31
- Upside Capture
- 25.66%
- Downside Capture
- 31.35%
Expense Ratio
CDX has an expense ratio of 0.26%, which is considered low.
Return for Risk
Risk / Return Rank
CDX ranks 6 for risk / return — in the bottom 6% 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 S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.32 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 2.46 | -2.78 |
| Martin ratioReturn relative to average drawdown | -0.71 | 10.92 | -11.63 |
Dividends
Dividend History
Simplify High Yield PLUS Credit Hedge ETF provided a 8.29% dividend yield over the last twelve months, with an annual payout of $1.76 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.76 | $1.60 | $2.75 | $1.20 | $1.61 |
Dividend yield | 8.29% | 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 | $0.14 | $0.12 | $0.00 | $0.71 | ||||||
| 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 6.53%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -13.24%Oct 2022 | 7mo 21d | 1y 25d | 1y 8moMar 2022 - Nov 2023 |
2025 selloff2025 | -8.88%Apr 2025 | 1d | — | 1y 2moApr 2025 - now |
2025 selloff2025 | -6.73%Apr 2025 | 1d | 5d | 6dApr 2025 - Apr 2025 |
2024 pullback2024 | -3.15%Dec 2024 | 2mo 16d | 1mo 3d | 3mo 19dOct 2024 - Jan 2025 |
2024 pullback2024 | -2.41%Apr 2024 | 28d | 28d | 1mo 26dMar 2024 - May 2024 |
Drawdown Indicators
| CDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -56.78% | +43.54% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -9.10% | +4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -8.88% | -18.90% | +10.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.53% | -3.21% | -3.32% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -10.71% | +6.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.04% | -0.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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