CDX vs. JBND
CDX (Simplify High Yield ETF) and JBND (Jpmorgan Active Bond ETF) are both exchange-traded funds - CDX is a High Yield Bonds fund actively managed by Simplify, while JBND is a Intermediate Core Bond fund actively managed by JPMorgan. Both are actively managed. Over the past year, CDX returned -3.26% vs 2.36% for JBND. Their 0.35 correlation means their historical movements had little consistent relationship. Both charge a 0.25% expense ratio.
Performance
CDX vs. JBND - 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 JBND's -0.46% 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%
JBND
- 1D
- -0.21%
- 1M
- -1.13%
- 6M
- -0.55%
- YTD
- -0.46%
- 1Y
- 2.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.23M | $2.17M | $2.98M | |
| $40.71M | $43.19M | $53.57M |
CDX vs. JBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CDX Simplify High Yield ETF | -3.00% | 9.51% | 7.71% | 5.93% |
JBND Jpmorgan Active Bond ETF | -0.46% | 8.21% | 3.19% | 7.43% |
Correlation
The correlation between CDX and JBND is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2023 | 0.35 |
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Return for Risk
CDX vs. JBND — Risk / Return Rank
CDX
JBND
CDX vs. JBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify High Yield ETF (CDX) and Jpmorgan Active Bond ETF (JBND). 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 | JBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.15 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 1.09 | -1.70 |
| Martin ratioReturn relative to average drawdown | -1.44 | 2.76 | -4.20 |
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Drawdowns
CDX vs. JBND - Drawdown Comparison
The maximum CDX drawdown since its inception was -13.24%, which is greater than JBND's maximum drawdown of -4.48%. Use the drawdown chart below to compare losses from any high point for CDX and JBND.
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Drawdown Indicators
| CDX | JBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -4.48% | -8.76% |
Max Drawdown (1Y)Largest decline over 1 year | -5.37% | -2.94% | -2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -8.97% | — | — |
Current DrawdownCurrent decline from peak | -7.94% | -2.41% | -5.53% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -1.18% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 1.17% | +1.07% |
Volatility
CDX vs. JBND - Volatility Comparison
Simplify High Yield ETF (CDX) has a higher volatility of 2.02% compared to Jpmorgan Active Bond ETF (JBND) at 0.89%. This indicates that CDX's price experiences larger fluctuations and is considered to be riskier than JBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDX | JBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 0.89% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 5.16% | 2.89% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.98% | 3.73% | +2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 4.79% | +6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.97% | 4.79% | +6.18% |
CDX vs. JBND - Expense Ratio Comparison
Both CDX and JBND have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CDX vs. JBND - Dividend Comparison
CDX's dividend yield for the trailing twelve months is around 8.33%, more than JBND's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CDX Simplify High Yield ETF | 8.33% | 7.18% | 12.60% | 5.26% | 7.51% |
JBND Jpmorgan Active Bond ETF | 4.07% | 4.42% | 4.58% | 1.00% | 0.00% |
Frequently Asked Questions
CDX and JBND have a correlation of 0.36, 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 JBND (0.89%). In terms of maximum drawdown, CDX dropped -13.24% vs JBND's -4.48%.
On 1-year performance, JBND leads with 2.36% vs -3.26% for CDX. Both ETFs have the same 0.25% expense ratio. On volatility, JBND has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JBND has performed better with a 2.36% return vs -3.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CDX and JBND have the same expense ratio: 0.25% per year.
CDX has the higher dividend yield at 8.33%, compared with 4.07% for JBND.
CDX is categorized as High Yield Bonds, while JBND is Intermediate Core Bond. They also come from different issuers: Simplify and JPMorgan.
JBND currently has the higher Sharpe Ratio (0.86 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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