CDL vs. HIGH
CDL (VictoryShares US Large Cap High Dividend Volatility Wtd ETF) and HIGH (Simplify Enhanced Income ETF) are both exchange-traded funds - CDL is a Dividend fund tracking the Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index, while HIGH is a Derivative Income fund actively managed by Simplify. CDL is passively managed, while HIGH is actively managed. Over the past 3 years, CDL returned 14.61%/yr vs 2.43%/yr for HIGH. Their 0.14 correlation means their historical movements had little consistent relationship. CDL charges 0.35%/yr vs 0.50%/yr for HIGH.
Performance
CDL vs. HIGH - Performance Comparison
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Returns By Period
In the year-to-date period, CDL achieves a 17.17% return, which is significantly higher than HIGH's -1.00% return.
CDL
- 1D
- -0.51%
- 1M
- 0.29%
- 6M
- 10.38%
- YTD
- 17.17%
- 1Y
- 22.30%
- 3Y*
- 14.61%
- 5Y*
- 10.44%
- 10Y*
- 11.17%
- ALL TIME*
- 11.29%
HIGH
- 1D
- 0.30%
- 1M
- -0.44%
- 6M
- -0.14%
- YTD
- -1.00%
- 1Y
- -1.25%
- 3Y*
- 2.43%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $504.48K | $625.50K | $553.90K | |
| $264.89K | $245.02K | $537.34K |
CDL vs. HIGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 17.17% | 9.04% | 15.58% | 3.03% | 4.23% |
HIGH Simplify Enhanced Income ETF | -1.00% | 4.35% | 1.52% | 7.70% | 0.47% |
Correlation
The correlation between CDL and HIGH is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.14 |
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Return for Risk
CDL vs. HIGH — Risk / Return Rank
CDL
HIGH
CDL vs. HIGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) and Simplify Enhanced Income ETF (HIGH). 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.
| CDL | HIGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.34 | ||
| Sortino ratioReturn per unit of downside risk | +3.43 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.97 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | -0.21 | +4.09 |
| Martin ratioReturn relative to average drawdown | 13.78 | -0.34 | +14.12 |
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Drawdowns
CDL vs. HIGH - Drawdown Comparison
The maximum CDL drawdown since its inception was -41.03%, which is greater than HIGH's maximum drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for CDL and HIGH.
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Drawdown Indicators
| CDL | HIGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.03% | -9.50% | -31.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -7.08% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -12.87% | -9.50% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -17.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.03% | — | — |
Current DrawdownCurrent decline from peak | -2.35% | -7.69% | +5.34% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -2.59% | -1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 4.46% | -2.87% |
Volatility
CDL vs. HIGH - Volatility Comparison
VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) has a higher volatility of 4.20% compared to Simplify Enhanced Income ETF (HIGH) at 2.16%. This indicates that CDL's price experiences larger fluctuations and is considered to be riskier than HIGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDL | HIGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 2.16% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 3.90% | +3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.34% | 7.23% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 9.46% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 9.46% | +7.58% |
CDL vs. HIGH - Expense Ratio Comparison
CDL has a 0.35% expense ratio, which is lower than HIGH's 0.50% expense ratio.
Dividends
CDL vs. HIGH - Dividend Comparison
CDL's dividend yield for the trailing twelve months is around 3.06%, less than HIGH's 6.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 3.06% | 3.33% | 3.27% | 3.61% | 3.31% | 2.60% | 3.32% | 3.04% | 3.32% | 2.87% | 2.97% | 1.28% |
HIGH Simplify Enhanced Income ETF | 6.88% | 7.71% | 8.34% | 9.40% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CDL and HIGH have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDL has higher volatility (4.20%) compared to HIGH (2.16%). In terms of maximum drawdown, CDL dropped -41.03% vs HIGH's -9.50%.
On 3-year performance, CDL leads with 14.61% vs 2.43% for HIGH. On fees, CDL is cheaper at 0.35% per year. On volatility, HIGH has been the lower-risk option at 2.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CDL has performed better with a 14.61% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CDL is cheaper with a 0.35% expense ratio, compared with 0.50% for HIGH.
HIGH has the higher dividend yield at 6.88%, compared with 3.06% for CDL.
CDL is categorized as Dividend, while HIGH is Derivative Income. They also come from different issuers: Crestview and Simplify. Their fees differ too: 0.35% for CDL and 0.50% for HIGH.
CDL currently has the higher Sharpe Ratio (2.13 vs -0.21), 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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