CDX vs. ESHY

Last updated Apr 2, 2026

Compare and contrast key facts about Simplify High Yield PLUS Credit Hedge ETF (CDX) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY).

CDX and ESHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CDX is an actively managed fund by Simplify. It was launched on Feb 14, 2022. ESHY is a passively managed fund by Deutsche Bank that tracks the performance of the JPMorgan ESG DM Corporate High Yield USD Index. It was launched on Mar 3, 2015.

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.

CDX vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
CDX Simplify High Yield PLUS Credit Hedge ETF	-0.97%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

Returns By Period

CDX

• 1D: 0.42%
• 1M: -1.42%
• YTD: -1.78%
• 6M: -2.26%
• 1Y: 0.75%
• 3Y*: 7.88%
• 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 - 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%.

CDX

Simplify High Yield PLUS Credit Hedge ETF

ESHY

Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF

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: 13
CDX Sharpe Ratio Rank: 12
CDX Sortino Ratio Rank: 12
CDX Omega Ratio Rank: 14
CDX Calmar Ratio Rank: 14
CDX Martin Ratio Rank: 13

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	0.05	—	—
Sortino ratio Return per unit of downside risk	0.19	—	—
Omega ratio Gain probability vs. loss probability	1.04	—	—
Calmar ratio Return relative to maximum drawdown	0.13	—	—
Martin ratio Return relative to average drawdown	0.21	—	—
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	0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	—	—

Dividends

CDX vs. ESHY - Dividend Comparison

CDX's dividend yield for the trailing twelve months is around 8.40%, while ESHY has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022
CDX Simplify High Yield PLUS Credit Hedge ETF	8.40%	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%

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	-8.88%	—	—
Current Drawdown Current decline from peak	-6.78%	0.00%	-6.78%
Average Drawdown Average peak-to-trough decline	-4.24%	0.00%	-4.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.48%	—	—

Volatility

Volatility by Period

	CDX	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.10%	0.00%	+16.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.24%	0.00%	+11.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.24%	0.00%	+11.24%