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CDX vs. BND
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Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.

-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
6.48%
3.22%
CDX
BND

Returns By Period

In the year-to-date period, CDX achieves a 9.60% return, which is significantly higher than BND's 1.66% return.


CDX

YTD

9.60%

1M

0.34%

6M

6.48%

1Y

12.12%

5Y (annualized)

N/A

10Y (annualized)

N/A

BND

YTD

1.66%

1M

-0.79%

6M

3.22%

1Y

6.06%

5Y (annualized)

-0.33%

10Y (annualized)

1.39%

Key characteristics


CDXBND
Sharpe Ratio1.931.09
Sortino Ratio2.721.59
Omega Ratio1.341.19
Calmar Ratio4.480.42
Martin Ratio14.643.51
Ulcer Index0.85%1.75%
Daily Std Dev6.43%5.65%
Max Drawdown-13.24%-18.84%
Current Drawdown-1.17%-9.11%

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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%.


CDX
Simplify High Yield PLUS Credit Hedge ETF
Expense ratio chart for CDX: current value at 0.26% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.26%
Expense ratio chart for BND: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Correlation

-0.50.00.51.00.5

The correlation between CDX and BND is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for CDX, currently valued at 1.93, compared to the broader market0.002.004.001.931.09
The chart of Sortino ratio for CDX, currently valued at 2.72, compared to the broader market-2.000.002.004.006.008.0010.0012.002.721.59
The chart of Omega ratio for CDX, currently valued at 1.34, compared to the broader market0.501.001.502.002.503.001.341.19
The chart of Calmar ratio for CDX, currently valued at 4.48, compared to the broader market0.005.0010.0015.004.480.61
The chart of Martin ratio for CDX, currently valued at 14.64, compared to the broader market0.0020.0040.0060.0080.00100.0014.643.51
CDX
BND

The current CDX Sharpe Ratio is 1.93, which is higher than the BND Sharpe Ratio of 1.09. 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 Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.93
1.09
CDX
BND

Dividends

CDX vs. BND - Dividend Comparison

CDX's dividend yield for the trailing twelve months is around 7.48%, more than BND's 3.57% yield.


TTM20232022202120202019201820172016201520142013
CDX
Simplify High Yield PLUS Credit Hedge ETF
7.48%5.26%7.51%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BND
Vanguard Total Bond Market ETF
3.57%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%2.78%

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%JuneJulyAugustSeptemberOctoberNovember
-1.17%
-4.11%
CDX
BND

Volatility

CDX vs. BND - Volatility Comparison

Simplify High Yield PLUS Credit Hedge ETF (CDX) has a higher volatility of 1.94% compared to Vanguard Total Bond Market ETF (BND) at 1.52%. 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.


1.00%1.50%2.00%2.50%JuneJulyAugustSeptemberOctoberNovember
1.94%
1.52%
CDX
BND