CCOM vs. CDX

Last updated Jun 24, 2026

CCOM (Simplify Chinese Commodities Strategy No K-1 ETF) and CDX (Simplify High Yield PLUS Credit Hedge ETF) are both exchange-traded funds - CCOM is a Commodities fund actively managed by Simplify, while CDX is a High Yield Bonds fund actively managed by Simplify. Both are actively managed. At a 0.04 correlation, their price movements are largely independent. CCOM charges 0.99%/yr vs 0.26%/yr for CDX.

Performance

CCOM vs. CDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Chinese Commodities Strategy No K-1 ETF (CCOM) and Simplify High Yield PLUS Credit Hedge ETF (CDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CCOM

• 1D: -0.82%
• 1M: -1.39%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CDX

• 1D: 0.00%
• 1M: 0.19%
• YTD: -1.51%
• 6M: -1.29%
• 1Y: -1.35%
• 3Y*: 7.96%
• 5Y*: —
• 10Y*: —

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

CCOM vs. CDX - Yearly Performance Comparison

	2026 (YTD)
CCOM Simplify Chinese Commodities Strategy No K-1 ETF	-2.80%
CDX Simplify High Yield PLUS Credit Hedge ETF	-2.08%

Correlation

The correlation between CCOM and CDX is 0.04, 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 Jan 27, 2026	0.04

Return for Risk

CCOM vs. CDX — Risk / Return Rank

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

CCOM

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

CDX

CDX Risk / Return Rank: 6
CDX Sharpe Ratio Rank: 7
CDX Sortino Ratio Rank: 6
CDX Omega Ratio Rank: 6
CDX Calmar Ratio Rank: 6
CDX Martin Ratio Rank: 6

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.

CCOM vs. CDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Chinese Commodities Strategy No K-1 ETF (CCOM) 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.

	CCOM	CDX	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.23	—
Sortino ratio: Return per unit of downside risk	—	-0.29	—
Omega ratio: Gain probability vs. loss probability	—	0.97	—
Calmar ratio: Return relative to maximum drawdown	—	-0.32	—
Martin ratio: Return relative to average drawdown	—	-0.71	—

Drawdowns

CCOM vs. CDX - Drawdown Comparison

The maximum CCOM drawdown since its inception was -6.38%, smaller than the maximum CDX drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for CCOM and CDX.

Drawdown Indicators

	CCOM	CDX	Difference
Max Drawdown Largest peak-to-trough decline	-6.38%	-13.24%	+6.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.88%	—
Current Drawdown Current decline from peak	-4.78%	-6.53%	+1.75%
Average Drawdown Average peak-to-trough decline	-2.62%	-4.36%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.90%	—

Volatility

Volatility by Period

	CCOM	CDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.37%	5.78%	+7.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.37%	11.05%	+2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.37%	11.05%	+2.32%

CCOM vs. CDX - Expense Ratio Comparison

CCOM has a 0.99% expense ratio, which is higher than CDX's 0.26% expense ratio.

Dividends

CCOM vs. CDX - Dividend Comparison

CCOM's dividend yield for the trailing twelve months is around 0.83%, less than CDX's 8.29% yield.

Position	TTM	2025	2024	2023	2022
CCOM Simplify Chinese Commodities Strategy No K-1 ETF	0.83%	0.00%	0.00%	0.00%	0.00%
CDX Simplify High Yield PLUS Credit Hedge ETF	8.29%	7.18%	12.60%	5.26%	7.51%

Frequently Asked Questions

Can I hold both CCOM and CDX in my portfolio?

CCOM and CDX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CCOM or CDX?

On fees, CDX is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CCOM or CDX?

CDX is cheaper with a 0.26% expense ratio, compared with 0.99% for CCOM.

Which ETF pays a higher dividend yield, CCOM or CDX?

CDX has the higher dividend yield at 8.29%, compared with 0.83% for CCOM.

What is the main difference between CCOM and CDX?

CCOM is categorized as Commodities, while CDX is High Yield Bonds. Their fees differ too: 0.99% for CCOM and 0.26% for CDX.