CDX vs. LDRH
CDX (Simplify High Yield PLUS Credit Hedge ETF) and LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) are both High Yield Bonds funds. CDX is actively managed, while LDRH is passively managed. Over the past year, CDX returned -1.35% vs 5.98% for LDRH. At a 0.48 correlation, their price movements are largely independent. CDX charges 0.26%/yr vs 0.35%/yr for LDRH.
Performance
CDX vs. LDRH - Performance Comparison
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Returns By Period
In the year-to-date period, CDX achieves a -1.51% return, which is significantly lower than LDRH's 1.98% return.
CDX
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- -1.51%
- 6M
- -1.29%
- 1Y
- -1.35%
- 3Y*
- 7.96%
- 5Y*
- —
- 10Y*
- —
LDRH
- 1D
- -0.10%
- 1M
- 0.33%
- YTD
- 1.98%
- 6M
- 2.22%
- 1Y
- 5.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CDX vs. LDRH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CDX Simplify High Yield PLUS Credit Hedge ETF | -1.51% | 9.51% | -2.15% |
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 1.98% | 7.18% | 0.21% |
Correlation
The correlation between CDX and LDRH is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.48 |
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Return for Risk
CDX vs. LDRH — Risk / Return Rank
CDX
LDRH
CDX vs. LDRH - 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 1-5 Year High Yield and Income Ladder ETF (LDRH). 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 | LDRH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -4.02 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.45 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 4.88 | -5.20 |
| Martin ratioReturn relative to average drawdown | -0.71 | 20.18 | -20.89 |
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Drawdowns
CDX vs. LDRH - Drawdown Comparison
The maximum CDX drawdown since its inception was -13.24%, which is greater than LDRH's maximum drawdown of -3.17%. Use the drawdown chart below to compare losses from any high point for CDX and LDRH.
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Drawdown Indicators
| CDX | LDRH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -3.17% | -10.07% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -1.23% | -2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -8.88% | — | — |
Current DrawdownCurrent decline from peak | -6.53% | -0.26% | -6.27% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -0.24% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 0.30% | +1.60% |
Volatility
CDX vs. LDRH - Volatility Comparison
Simplify High Yield PLUS Credit Hedge ETF (CDX) has a higher volatility of 1.58% compared to iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) at 0.61%. This indicates that CDX's price experiences larger fluctuations and is considered to be riskier than LDRH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDX | LDRH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 0.61% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 4.83% | 1.97% | +2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.78% | 2.61% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.05% | 3.48% | +7.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.05% | 3.48% | +7.57% |
CDX vs. LDRH - Expense Ratio Comparison
CDX has a 0.26% expense ratio, which is lower than LDRH's 0.35% expense ratio.
Dividends
CDX vs. LDRH - Dividend Comparison
CDX's dividend yield for the trailing twelve months is around 8.29%, more than LDRH's 6.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CDX Simplify High Yield PLUS Credit Hedge ETF | 8.29% | 7.18% | 12.60% | 5.26% | 7.51% |
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 6.99% | 6.41% | 1.13% | 0.00% | 0.00% |
Frequently Asked Questions
CDX and LDRH have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDX has higher volatility (1.58%) compared to LDRH (0.61%). In terms of maximum drawdown, CDX dropped -13.24% vs LDRH's -3.17%.
On 1-year performance, LDRH leads with 5.98% vs -1.35% for CDX. On fees, CDX is cheaper at 0.26% per year. On volatility, LDRH has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LDRH has performed better with a 5.98% return vs -1.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CDX is cheaper with a 0.26% expense ratio, compared with 0.35% for LDRH.
CDX has the higher dividend yield at 8.29%, compared with 6.99% for LDRH.
They also come from different issuers: Simplify and iShares. Their fees differ too: 0.26% for CDX and 0.35% for LDRH.
LDRH currently has the higher Sharpe Ratio (2.31 vs -0.23), 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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