BRHY vs. SDMF

Last updated Jun 25, 2026

BRHY (iShares High Yield Active ETF) and SDMF (Simplify DBi CTA Managed Futures Index ETF) are both exchange-traded funds - BRHY is a High Yield Bonds fund actively managed by iShares, while SDMF is a Systematic Trend fund tracking the DBi CTA Managed Futures Index. BRHY is actively managed, while SDMF is passively managed. At a correlation of -0.05, they often move in opposite directions. BRHY charges 0.45%/yr vs 0.35%/yr for SDMF.

Performance

BRHY vs. SDMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares High Yield Active ETF (BRHY) and Simplify DBi CTA Managed Futures Index ETF (SDMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BRHY

• 1D: -0.02%
• 1M: 0.38%
• YTD: 1.72%
• 6M: 1.84%
• 1Y: 6.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDMF

• 1D: -0.49%
• 1M: -2.28%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRHY vs. SDMF - Yearly Performance Comparison

	2026 (YTD)
BRHY iShares High Yield Active ETF	0.92%
SDMF Simplify DBi CTA Managed Futures Index ETF	0.07%

Correlation

The correlation between BRHY and SDMF is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	-0.05

Return for Risk

BRHY vs. SDMF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRHY

BRHY Risk / Return Rank: 74
BRHY Sharpe Ratio Rank: 77
BRHY Sortino Ratio Rank: 82
BRHY Omega Ratio Rank: 82
BRHY Calmar Ratio Rank: 58
BRHY Martin Ratio Rank: 71

SDMF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRHY vs. SDMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Active ETF (BRHY) and Simplify DBi CTA Managed Futures Index ETF (SDMF). 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.

	BRHY	SDMF	Difference
Sharpe ratio: Return per unit of total volatility	2.14	—	—
Sortino ratio: Return per unit of downside risk	3.17	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	2.49	—	—
Martin ratio: Return relative to average drawdown	11.43	—	—

Drawdowns

BRHY vs. SDMF - Drawdown Comparison

The maximum BRHY drawdown since its inception was -4.42%, smaller than the maximum SDMF drawdown of -6.23%. Use the drawdown chart below to compare losses from any high point for BRHY and SDMF.

Drawdown Indicators

	BRHY	SDMF	Difference
Max Drawdown Largest peak-to-trough decline	-4.42%	-6.23%	+1.81%
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	—	—
Current Drawdown Current decline from peak	-0.37%	-3.20%	+2.83%
Average Drawdown Average peak-to-trough decline	-0.39%	-2.19%	+1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.60%	—	—

Volatility

Volatility by Period

	BRHY	SDMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.23%	13.11%	-9.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.01%	13.11%	-9.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.01%	13.11%	-9.10%

BRHY vs. SDMF - Expense Ratio Comparison

BRHY has a 0.45% expense ratio, which is higher than SDMF's 0.35% expense ratio.

Dividends

BRHY vs. SDMF - Dividend Comparison

BRHY's dividend yield for the trailing twelve months is around 7.85%, while SDMF has not paid dividends to shareholders.

Position	TTM	2025	2024
BRHY iShares High Yield Active ETF	7.85%	7.97%	4.27%
SDMF Simplify DBi CTA Managed Futures Index ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BRHY and SDMF in my portfolio?

BRHY and SDMF have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BRHY or SDMF?

On fees, SDMF is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRHY or SDMF?

SDMF is cheaper with a 0.35% expense ratio, compared with 0.45% for BRHY.

Which ETF pays a higher dividend yield, BRHY or SDMF?

BRHY has the higher dividend yield at 7.85%, compared with 0.00% for SDMF.

What is the main difference between BRHY and SDMF?

BRHY is categorized as High Yield Bonds, while SDMF is Systematic Trend. They also come from different issuers: iShares and Simplify. Their fees differ too: 0.45% for BRHY and 0.35% for SDMF.