CDX vs. FLRT
CDX (Simplify High Yield ETF) and FLRT (Pacific Global Senior Loan ETF) are both High Yield Bonds funds. Both are actively managed. Over the past 3 years, CDX returned 7.14%/yr vs 8.10%/yr for FLRT. At a 0.20 correlation, their price movements are largely independent. CDX charges 0.25%/yr vs 0.69%/yr for FLRT.
Performance
CDX vs. FLRT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CDX achieves a -2.68% return, which is significantly lower than FLRT's 2.10% return.
CDX
- 1D
- -0.38%
- 1M
- -1.14%
- 6M
- -2.81%
- YTD
- -2.68%
- 1Y
- -1.92%
- 3Y*
- 7.14%
- 5Y*
- —
- 10Y*
- —
FLRT
- 1D
- -0.02%
- 1M
- 0.26%
- 6M
- 1.71%
- YTD
- 2.10%
- 1Y
- 5.11%
- 3Y*
- 8.10%
- 5Y*
- 5.98%
- 10Y*
- 4.79%
CDX vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CDX Simplify High Yield ETF | -2.68% | 9.51% | 7.71% | 12.74% | -8.26% |
FLRT Pacific Global Senior Loan ETF | 2.10% | 6.24% | 9.18% | 14.59% | -2.67% |
Correlation
The correlation between CDX and FLRT is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.20 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CDX vs. FLRT — Risk / Return Rank
CDX
FLRT
CDX vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify High Yield ETF (CDX) and Pacific Global Senior Loan ETF (FLRT). 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 | FLRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.82 | ||
| Sortino ratioReturn per unit of downside risk | -5.67 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.78 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 2.89 | -3.35 |
| Martin ratioReturn relative to average drawdown | -0.96 | 10.60 | -11.56 |
Loading charts...
Drawdowns
CDX vs. FLRT - Drawdown Comparison
The maximum CDX drawdown since its inception was -13.24%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for CDX and FLRT.
Loading charts...
Drawdown Indicators
| CDX | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -20.96% | +7.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -1.78% | -2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -8.88% | -2.87% | -6.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.96% | — |
Current DrawdownCurrent decline from peak | -7.63% | -0.02% | -7.61% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -1.40% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.48% | +1.54% |
Volatility
CDX vs. FLRT - Volatility Comparison
Simplify High Yield ETF (CDX) has a higher volatility of 1.79% compared to Pacific Global Senior Loan ETF (FLRT) at 0.30%. This indicates that CDX's price experiences larger fluctuations and is considered to be riskier than FLRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CDX | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 0.30% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 4.98% | 1.22% | +3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 1.47% | +4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.01% | 2.30% | +8.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.01% | 6.11% | +4.90% |
CDX vs. FLRT - Expense Ratio Comparison
CDX has a 0.25% expense ratio, which is lower than FLRT's 0.69% expense ratio.
Dividends
CDX vs. FLRT - Dividend Comparison
CDX's dividend yield for the trailing twelve months is around 8.35%, more than FLRT's 6.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDX Simplify High Yield ETF | 8.35% | 7.18% | 12.60% | 5.26% | 7.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLRT Pacific Global Senior Loan ETF | 6.76% | 6.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
Frequently Asked Questions
CDX and FLRT have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDX has higher volatility (1.79%) compared to FLRT (0.30%). In terms of maximum drawdown, CDX dropped -13.24% vs FLRT's -20.96%.
On 3-year performance, FLRT leads with 8.10% vs 7.14% for CDX. On fees, CDX is cheaper at 0.25% per year. On volatility, FLRT has been the lower-risk option at 0.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FLRT has performed better with a 8.10% return vs 7.14%. 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 0.69% for FLRT.
CDX has the higher dividend yield at 8.35%, compared with 6.76% for FLRT.
They also come from different issuers: Simplify and Pacific Life. Their fees differ too: 0.25% for CDX and 0.69% for FLRT.
FLRT currently has the higher Sharpe Ratio (3.49 vs -0.33), 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.
Find the right allocation for CDX and FLRT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer