CARY vs. CDX
Compare and contrast key facts about Angel Oak Income ETF (CARY) and Simplify High Yield PLUS Credit Hedge ETF (CDX).
CARY and CDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CARY is an actively managed fund by Angel Oak. It was launched on Nov 7, 2022. CDX is an actively managed fund by Simplify. It was launched on Feb 14, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CARY or CDX.
Correlation
The correlation between CARY and CDX is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CARY vs. CDX - Performance Comparison
Key characteristics
CARY:
3.14
CDX:
0.80
CARY:
5.16
CDX:
1.27
CARY:
1.64
CDX:
1.26
CARY:
5.21
CDX:
1.50
CARY:
13.84
CDX:
7.93
CARY:
0.63%
CDX:
1.68%
CARY:
2.79%
CDX:
16.68%
CARY:
-1.68%
CDX:
-13.24%
CARY:
-0.74%
CDX:
-7.51%
Returns By Period
In the year-to-date period, CARY achieves a 1.64% return, which is significantly lower than CDX's 6.71% return.
CARY
1.64%
-0.44%
1.57%
8.41%
N/A
N/A
CDX
6.71%
0.52%
4.87%
13.49%
N/A
N/A
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CARY vs. CDX - Expense Ratio Comparison
CARY has a 0.80% expense ratio, which is higher than CDX's 0.26% expense ratio.
Risk-Adjusted Performance
CARY vs. CDX — Risk-Adjusted Performance Rank
CARY
CDX
CARY vs. CDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak Income ETF (CARY) 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.
Dividends
CARY vs. CDX - Dividend Comparison
CARY's dividend yield for the trailing twelve months is around 6.57%, less than CDX's 11.50% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
CARY Angel Oak Income ETF | 6.57% | 6.70% | 6.38% | 0.48% |
CDX Simplify High Yield PLUS Credit Hedge ETF | 11.50% | 12.60% | 5.26% | 7.51% |
Drawdowns
CARY vs. CDX - Drawdown Comparison
The maximum CARY drawdown since its inception was -1.68%, smaller than the maximum CDX drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for CARY and CDX. For additional features, visit the drawdowns tool.
Volatility
CARY vs. CDX - Volatility Comparison
The current volatility for Angel Oak Income ETF (CARY) is 0.93%, while Simplify High Yield PLUS Credit Hedge ETF (CDX) has a volatility of 15.40%. This indicates that CARY 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.