CDX vs. EVTR
CDX (Simplify High Yield ETF) and EVTR (Eaton Vance Total Return Bond ETF) are both exchange-traded funds - CDX is a High Yield Bonds fund actively managed by Simplify, while EVTR is a Intermediate Core-Plus Bond fund actively managed by Eaton Vance. Both are actively managed. Over the past year, CDX returned -3.26% vs 2.53% for EVTR. Their 0.34 correlation means their historical movements had little consistent relationship. CDX charges 0.25%/yr vs 0.32%/yr for EVTR.
Performance
CDX vs. EVTR - Performance Comparison
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Returns By Period
In the year-to-date period, CDX achieves a -3.00% return, which is significantly lower than EVTR's -0.42% return.
CDX
- 1D
- 0.10%
- 1M
- -0.57%
- 6M
- -3.06%
- YTD
- -3.00%
- 1Y
- -3.26%
- 3Y*
- 7.17%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.85%
EVTR
- 1D
- -0.28%
- 1M
- -1.24%
- 6M
- -0.76%
- YTD
- -0.42%
- 1Y
- 2.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.23M | $2.17M | $2.98M | |
| $24.87M | $22.94M | $25.52M |
CDX vs. EVTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CDX Simplify High Yield ETF | -3.00% | 9.51% | 4.85% |
EVTR Eaton Vance Total Return Bond ETF | -0.42% | 8.10% | 4.03% |
Correlation
The correlation between CDX and EVTR is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2024 | 0.34 |
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Return for Risk
CDX vs. EVTR — Risk / Return Rank
CDX
EVTR
CDX vs. EVTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify High Yield ETF (CDX) and Eaton Vance Total Return Bond ETF (EVTR). 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.
| CDX | EVTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.15 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 1.12 | -1.72 |
| Martin ratioReturn relative to average drawdown | -1.44 | 3.02 | -4.46 |
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Drawdowns
CDX vs. EVTR - Drawdown Comparison
The maximum CDX drawdown since its inception was -13.24%, which is greater than EVTR's maximum drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for CDX and EVTR.
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Drawdown Indicators
| CDX | EVTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -4.08% | -9.16% |
Max Drawdown (1Y)Largest decline over 1 year | -5.37% | -2.86% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -8.97% | — | — |
Current DrawdownCurrent decline from peak | -7.94% | -2.14% | -5.80% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -0.99% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 1.06% | +1.18% |
Volatility
CDX vs. EVTR - Volatility Comparison
Simplify High Yield ETF (CDX) has a higher volatility of 2.02% compared to Eaton Vance Total Return Bond ETF (EVTR) at 1.08%. This indicates that CDX's price experiences larger fluctuations and is considered to be riskier than EVTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDX | EVTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 1.08% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 5.16% | 3.11% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.98% | 3.76% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 4.30% | +6.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.97% | 4.30% | +6.67% |
CDX vs. EVTR - Expense Ratio Comparison
CDX has a 0.25% expense ratio, which is lower than EVTR's 0.32% expense ratio.
Dividends
CDX vs. EVTR - Dividend Comparison
CDX's dividend yield for the trailing twelve months is around 8.33%, more than EVTR's 4.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CDX Simplify High Yield ETF | 8.33% | 7.18% | 12.60% | 5.26% | 7.51% |
EVTR Eaton Vance Total Return Bond ETF | 4.81% | 4.51% | 4.26% | 0.00% | 0.00% |
Frequently Asked Questions
CDX and EVTR have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDX has higher volatility (2.02%) compared to EVTR (1.08%). In terms of maximum drawdown, CDX dropped -13.24% vs EVTR's -4.08%.
On 1-year performance, EVTR leads with 2.53% vs -3.26% for CDX. On fees, CDX is cheaper at 0.25% per year. On volatility, EVTR has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVTR has performed better with a 2.53% return vs -3.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CDX is cheaper with a 0.25% expense ratio, compared with 0.32% for EVTR.
CDX has the higher dividend yield at 8.33%, compared with 4.81% for EVTR.
CDX is categorized as High Yield Bonds, while EVTR is Intermediate Core-Plus Bond. They also come from different issuers: Simplify and Eaton Vance. Their fees differ too: 0.25% for CDX and 0.32% for EVTR.
EVTR currently has the higher Sharpe Ratio (0.85 vs -0.54), 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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