PortfoliosLab logo
CDX vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CDX and BND is 0.21, 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.


-0.50.00.51.0
Correlation: 0.2

Performance

CDX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify High Yield PLUS Credit Hedge ETF (CDX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%20.00%25.00%30.00%NovemberDecember2025FebruaryMarchApril
19.32%
-0.24%
CDX
BND

Key characteristics

Sharpe Ratio

CDX:

0.78

BND:

1.33

Sortino Ratio

CDX:

1.24

BND:

1.93

Omega Ratio

CDX:

1.26

BND:

1.23

Calmar Ratio

CDX:

1.46

BND:

0.52

Martin Ratio

CDX:

6.54

BND:

3.43

Ulcer Index

CDX:

1.99%

BND:

2.05%

Daily Std Dev

CDX:

16.74%

BND:

5.31%

Max Drawdown

CDX:

-13.24%

BND:

-18.84%

Current Drawdown

CDX:

-7.31%

BND:

-6.87%

Returns By Period

In the year-to-date period, CDX achieves a 6.95% return, which is significantly higher than BND's 2.74% return.


CDX

YTD

6.95%

1M

1.05%

6M

5.41%

1Y

12.69%

5Y*

N/A

10Y*

N/A

BND

YTD

2.74%

1M

0.67%

6M

1.94%

1Y

7.62%

5Y*

-0.84%

10Y*

1.43%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


CDX vs. BND - Expense Ratio Comparison

CDX has a 0.26% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for CDX: current value is 0.26%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CDX: 0.26%
Expense ratio chart for BND: current value is 0.03%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BND: 0.03%

Risk-Adjusted Performance

CDX vs. BND — Risk-Adjusted Performance Rank

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

CDX
The Risk-Adjusted Performance Rank of CDX is 8282
Overall Rank
The Sharpe Ratio Rank of CDX is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of CDX is 7474
Sortino Ratio Rank
The Omega Ratio Rank of CDX is 8686
Omega Ratio Rank
The Calmar Ratio Rank of CDX is 8989
Calmar Ratio Rank
The Martin Ratio Rank of CDX is 8888
Martin Ratio Rank

BND
The Risk-Adjusted Performance Rank of BND is 7979
Overall Rank
The Sharpe Ratio Rank of BND is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of BND is 8787
Sortino Ratio Rank
The Omega Ratio Rank of BND is 8484
Omega Ratio Rank
The Calmar Ratio Rank of BND is 6262
Calmar Ratio Rank
The Martin Ratio Rank of BND is 7676
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CDX vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify High Yield PLUS Credit Hedge ETF (CDX) and Vanguard Total Bond Market ETF (BND). 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.


The chart of Sharpe ratio for CDX, currently valued at 0.78, compared to the broader market-1.000.001.002.003.004.00
CDX: 0.78
BND: 1.33
The chart of Sortino ratio for CDX, currently valued at 1.24, compared to the broader market-2.000.002.004.006.008.00
CDX: 1.24
BND: 1.93
The chart of Omega ratio for CDX, currently valued at 1.26, compared to the broader market0.501.001.502.002.50
CDX: 1.26
BND: 1.23
The chart of Calmar ratio for CDX, currently valued at 1.46, compared to the broader market0.002.004.006.008.0010.0012.00
CDX: 1.46
BND: 0.81
The chart of Martin ratio for CDX, currently valued at 6.54, compared to the broader market0.0020.0040.0060.00
CDX: 6.54
BND: 3.43

The current CDX Sharpe Ratio is 0.78, which is lower than the BND Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of CDX and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50NovemberDecember2025FebruaryMarchApril
0.78
1.33
CDX
BND

Dividends

CDX vs. BND - Dividend Comparison

CDX's dividend yield for the trailing twelve months is around 10.82%, more than BND's 3.69% yield.


TTM20242023202220212020201920182017201620152014
CDX
Simplify High Yield PLUS Credit Hedge ETF
10.82%12.60%5.26%7.51%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BND
Vanguard Total Bond Market ETF
3.69%3.67%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%

Drawdowns

CDX vs. BND - Drawdown Comparison

The maximum CDX drawdown since its inception was -13.24%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for CDX and BND. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-7.31%
-1.76%
CDX
BND

Volatility

CDX vs. BND - Volatility Comparison

Simplify High Yield PLUS Credit Hedge ETF (CDX) has a higher volatility of 15.43% compared to Vanguard Total Bond Market ETF (BND) at 2.19%. This indicates that CDX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
15.43%
2.19%
CDX
BND