CDX vs. SGOV
Compare and contrast key facts about Simplify High Yield PLUS Credit Hedge ETF (CDX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
CDX and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CDX is an actively managed fund by Simplify. It was launched on Feb 14, 2022. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CDX or SGOV.
Performance
CDX vs. SGOV - Performance Comparison
Returns By Period
In the year-to-date period, CDX achieves a 9.61% return, which is significantly higher than SGOV's 4.75% return.
CDX
9.61%
0.81%
6.64%
12.13%
N/A
N/A
SGOV
4.75%
0.38%
2.53%
5.31%
N/A
N/A
Key characteristics
| CDX | SGOV | |
|---|---|---|
| Sharpe Ratio | 1.89 | 21.74 |
| Sortino Ratio | 2.66 | 523.74 |
| Omega Ratio | 1.33 | 524.74 |
| Calmar Ratio | 4.37 | 537.55 |
| Martin Ratio | 14.24 | 8,533.31 |
| Ulcer Index | 0.85% | 0.00% |
| Daily Std Dev | 6.43% | 0.25% |
| Max Drawdown | -13.24% | -0.03% |
| Current Drawdown | -1.17% | 0.00% |
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CDX vs. SGOV - Expense Ratio Comparison
CDX has a 0.26% expense ratio, which is higher than SGOV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between CDX and SGOV is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
CDX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify High Yield PLUS Credit Hedge ETF (CDX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
Dividends
CDX vs. SGOV - Dividend Comparison
CDX's dividend yield for the trailing twelve months is around 7.48%, more than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
CDX Simplify High Yield PLUS Credit Hedge ETF | 7.48% | 5.26% | 7.51% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% |
Drawdowns
CDX vs. SGOV - Drawdown Comparison
The maximum CDX drawdown since its inception was -13.24%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for CDX and SGOV. For additional features, visit the drawdowns tool.
Volatility
CDX vs. SGOV - Volatility Comparison
Simplify High Yield PLUS Credit Hedge ETF (CDX) has a higher volatility of 1.93% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.09%. This indicates that CDX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.