AGGH vs. CDX
AGGH (Simplify Aggregate Bond ETF) and CDX (Simplify High Yield PLUS Credit Hedge ETF) are both exchange-traded funds - AGGH is a Intermediate Core Bond fund actively managed by Simplify, while CDX is a High Yield Bonds fund actively managed by Simplify. Both are actively managed. Over the past 3 years, AGGH returned 4.68%/yr vs 7.96%/yr for CDX. At a 0.36 correlation, their price movements are largely independent. AGGH charges 0.33%/yr vs 0.26%/yr for CDX.
Performance
AGGH vs. CDX - Performance Comparison
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Returns By Period
In the year-to-date period, AGGH achieves a 0.68% return, which is significantly higher than CDX's -1.51% return.
AGGH
- 1D
- 0.20%
- 1M
- 0.55%
- YTD
- 0.68%
- 6M
- 0.48%
- 1Y
- 7.03%
- 3Y*
- 4.68%
- 5Y*
- —
- 10Y*
- —
CDX
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- -1.51%
- 6M
- -1.29%
- 1Y
- -1.35%
- 3Y*
- 7.96%
- 5Y*
- —
- 10Y*
- —
AGGH vs. CDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AGGH Simplify Aggregate Bond ETF | 0.68% | 8.23% | 1.97% | 8.47% | -8.77% |
CDX Simplify High Yield PLUS Credit Hedge ETF | -1.51% | 9.51% | 7.71% | 12.74% | -8.26% |
Correlation
The correlation between AGGH and CDX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.36 |
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Return for Risk
AGGH vs. CDX — Risk / Return Rank
AGGH
CDX
AGGH vs. CDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Aggregate Bond ETF (AGGH) and Simplify High Yield PLUS Credit Hedge ETF (CDX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AGGH | CDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.97 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | -0.32 | +2.60 |
| Martin ratioReturn relative to average drawdown | 6.38 | -0.71 | +7.09 |
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Drawdowns
AGGH vs. CDX - Drawdown Comparison
The maximum AGGH drawdown since its inception was -13.26%, roughly equal to the maximum CDX drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for AGGH and CDX.
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Drawdown Indicators
| AGGH | CDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.26% | -13.24% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -4.18% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -8.67% | -8.88% | +0.21% |
Current DrawdownCurrent decline from peak | -1.38% | -6.53% | +5.15% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -4.36% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.90% | -0.80% |
Volatility
AGGH vs. CDX - Volatility Comparison
The current volatility for Simplify Aggregate Bond ETF (AGGH) is 1.43%, while Simplify High Yield PLUS Credit Hedge ETF (CDX) has a volatility of 1.58%. This indicates that AGGH experiences smaller price fluctuations and is considered to be less risky than CDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGGH | CDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.58% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 4.83% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.79% | 5.78% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 11.05% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.43% | 11.05% | -2.62% |
AGGH vs. CDX - Expense Ratio Comparison
AGGH has a 0.33% expense ratio, which is higher than CDX's 0.26% expense ratio.
Dividends
AGGH vs. CDX - Dividend Comparison
AGGH's dividend yield for the trailing twelve months is around 7.51%, less than CDX's 8.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AGGH Simplify Aggregate Bond ETF | 7.51% | 7.54% | 8.97% | 9.51% | 2.11% |
CDX Simplify High Yield PLUS Credit Hedge ETF | 8.29% | 7.18% | 12.60% | 5.26% | 7.51% |
Frequently Asked Questions
AGGH and CDX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDX has higher volatility (1.58%) compared to AGGH (1.43%). In terms of maximum drawdown, AGGH dropped -13.26% vs CDX's -13.24%.
On 3-year performance, CDX leads with 7.96% vs 4.68% for AGGH. On fees, CDX is cheaper at 0.26% per year. On volatility, AGGH has been the lower-risk option at 1.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CDX has performed better with a 7.96% return vs 4.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CDX is cheaper with a 0.26% expense ratio, compared with 0.33% for AGGH.
CDX has the higher dividend yield at 8.29%, compared with 7.51% for AGGH.
AGGH is categorized as Intermediate Core Bond, while CDX is High Yield Bonds. Their fees differ too: 0.33% for AGGH and 0.26% for CDX.
AGGH currently has the higher Sharpe Ratio (1.04 vs -0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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