CDX vs. ESHY

Last updated Jun 4, 2026

CDX (Simplify High Yield PLUS Credit Hedge ETF) and ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) are both High Yield Bonds funds. CDX is actively managed, while ESHY is passively managed. CDX charges 0.26%/yr vs 0.20%/yr for ESHY.

Performance

CDX vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify High Yield PLUS Credit Hedge ETF (CDX) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CDX

• 1D: -0.19%
• 1M: -0.71%
• YTD: -2.44%
• 6M: -2.70%
• 1Y: -1.77%
• 3Y*: 7.17%
• 5Y*: —
• 10Y*: —

ESHY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CDX vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
CDX Simplify High Yield PLUS Credit Hedge ETF	-1.63%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

CDX vs. ESHY - Sectors Allocation Comparison

Sectors	CDX	ESHY
Technology	24.6%	-
Industrials	15.1%	-
Healthcare	14.2%	-
Financial Services	10.0%	-
Consumer Cyclical	9.8%	-
Energy	6.9%	100.0%
Real Estate	4.2%	-
Communication Services	4.1%	-
Consumer Defensive	4.1%	-
Basic Materials	4.0%	-
Utilities	2.9%	-

Return for Risk

CDX vs. ESHY — Risk / Return Rank

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

CDX

CDX Risk / Return Rank: 5
CDX Sharpe Ratio Rank: 6
CDX Sortino Ratio Rank: 5
CDX Omega Ratio Rank: 5
CDX Calmar Ratio Rank: 5
CDX Martin Ratio Rank: 4

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.

CDX vs. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify High Yield PLUS Credit Hedge ETF (CDX) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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.

	CDX	ESHY	Difference
Sharpe ratio: Return per unit of total volatility	-0.31	—	—
Sortino ratio: Return per unit of downside risk	-0.40	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.43	—	—
Martin ratio: Return relative to average drawdown	-1.00	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CDX	ESHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	—	—

Drawdowns

CDX vs. ESHY - Drawdown Comparison

The maximum CDX drawdown since its inception was -13.24%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CDX and ESHY.

Drawdown Indicators

	CDX	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-13.24%	0.00%	-13.24%
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	-7.41%	0.00%	-7.41%
Average Drawdown Average peak-to-trough decline	-4.34%	0.00%	-4.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	—	—

Volatility

Volatility by Period

	CDX	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.69%	0.00%	+5.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.10%	0.00%	+11.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.10%	0.00%	+11.10%

CDX vs. ESHY - Expense Ratio Comparison

CDX has a 0.26% expense ratio, which is higher than ESHY's 0.20% 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%.

Dividends

CDX vs. ESHY - Dividend Comparison

CDX's dividend yield for the trailing twelve months is around 8.37%, while ESHY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
CDX Simplify High Yield PLUS Credit Hedge ETF	8.37%	7.18%	12.60%	5.26%	7.51%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, CDX or ESHY?

On fees, ESHY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CDX or ESHY?

ESHY is cheaper with a 0.20% expense ratio, compared with 0.26% for CDX.

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

CDX has the higher dividend yield at 8.37%, compared with 0.00% for ESHY.

What is the main difference between CDX and ESHY?

They also come from different issuers: Simplify and Deutsche Bank. Their fees differ too: 0.26% for CDX and 0.20% for ESHY.