CDX vs. LDRH
CDX (Simplify High Yield 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 -3.26% vs 5.24% for LDRH. Their 0.46 correlation means their historical movements had little consistent relationship. CDX charges 0.25%/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 -3.00% return, which is significantly lower than LDRH's 2.08% 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%
LDRH
- 1D
- 0.01%
- 1M
- -0.13%
- 6M
- 1.69%
- YTD
- 2.08%
- 1Y
- 5.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.23M | $2.17M | $2.98M | |
| $113.03K | $140.69K | $306.49K |
CDX vs. LDRH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CDX Simplify High Yield ETF | -3.00% | 9.51% | -2.15% |
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 2.08% | 7.18% | 0.21% |
Correlation
The correlation between CDX and LDRH is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.46 |
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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 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 | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.97 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.39 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 4.29 | -4.90 |
| Martin ratioReturn relative to average drawdown | -1.44 | 17.11 | -18.55 |
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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 | -5.37% | -1.23% | -4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -8.97% | — | — |
Current DrawdownCurrent decline from peak | -7.94% | -0.25% | -7.69% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -0.24% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 0.31% | +1.93% |
Volatility
CDX vs. LDRH - Volatility Comparison
Simplify High Yield ETF (CDX) has a higher volatility of 2.02% compared to iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) at 0.52%. 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 | 2.02% | 0.52% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 5.16% | 1.97% | +3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.98% | 2.60% | +3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 3.39% | +7.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.97% | 3.39% | +7.58% |
CDX vs. LDRH - Expense Ratio Comparison
CDX has a 0.25% 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 8.33%, more than LDRH's 6.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CDX Simplify High Yield ETF | 8.33% | 7.18% | 12.60% | 5.26% | 7.51% |
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 6.96% | 6.41% | 1.13% | 0.00% | 0.00% |
Frequently Asked Questions
CDX and LDRH have a correlation of 0.42, 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 LDRH (0.52%). In terms of maximum drawdown, CDX dropped -13.24% vs LDRH's -3.17%.
On 1-year performance, LDRH leads with 5.24% vs -3.26% for CDX. On fees, CDX is cheaper at 0.25% per year. On volatility, LDRH has been the lower-risk option at 0.52%. 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 5.24% 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 0.35% for LDRH.
CDX has the higher dividend yield at 8.33%, compared with 6.96% for LDRH.
They also come from different issuers: Simplify and iShares. Their fees differ too: 0.25% for CDX and 0.35% for LDRH.
LDRH currently has the higher Sharpe Ratio (2.03 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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