CDX vs. IBHD
CDX (Simplify High Yield PLUS Credit Hedge ETF) and IBHD (iShares iBonds 2024 Term High Yield & Income ETF) are both High Yield Bonds funds. CDX is actively managed, while IBHD is passively managed. CDX charges 0.26%/yr vs 0.35%/yr for IBHD.
Performance
CDX vs. IBHD - Performance Comparison
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Returns By Period
CDX
- 1D
- -0.19%
- 1M
- -0.71%
- YTD
- -2.44%
- 6M
- -2.70%
- 1Y
- -1.77%
- 3Y*
- 7.17%
- 5Y*
- —
- 10Y*
- —
IBHD
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CDX vs. IBHD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CDX Simplify High Yield PLUS Credit Hedge ETF | -1.63% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 0.00% |
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Return for Risk
CDX vs. IBHD — Risk / Return Rank
CDX
IBHD
CDX vs. IBHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify High Yield PLUS Credit Hedge ETF (CDX) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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 | IBHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.95 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | — | — |
| Martin ratioReturn 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. | |||
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Sharpe Ratios by Period
| CDX | IBHD | 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. IBHD - Drawdown Comparison
The maximum CDX drawdown since its inception was -13.24%, which is greater than IBHD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CDX and IBHD.
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Drawdown Indicators
| CDX | IBHD | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -7.41% | 0.00% | -7.41% |
Average DrawdownAverage peak-to-trough decline | -4.34% | 0.00% | -4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | — | — |
Volatility
CDX vs. IBHD - Volatility Comparison
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Volatility by Period
| CDX | IBHD | 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. IBHD - Expense Ratio Comparison
CDX has a 0.26% expense ratio, which is lower than IBHD's 0.35% expense ratio.
Dividends
CDX vs. IBHD - Dividend Comparison
CDX's dividend yield for the trailing twelve months is around 8.37%, while IBHD 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% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
On fees, CDX is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CDX is cheaper with a 0.26% expense ratio, compared with 0.35% for IBHD.
CDX has the higher dividend yield at 8.37%, compared with 0.00% for IBHD.
They also come from different issuers: Simplify and iShares. Their fees differ too: 0.26% for CDX and 0.35% for IBHD.
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