CDX vs. SVOL
Compare and contrast key facts about Simplify High Yield PLUS Credit Hedge ETF (CDX) and Simplify Volatility Premium ETF (SVOL).
CDX and SVOL 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. SVOL is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CDX or SVOL.
Key characteristics
| CDX | SVOL | |
|---|---|---|
| YTD Return | 10.32% | 9.56% |
| 1Y Return | 14.17% | 13.47% |
| Sharpe Ratio | 2.12 | 1.06 |
| Sortino Ratio | 2.96 | 1.44 |
| Omega Ratio | 1.38 | 1.26 |
| Calmar Ratio | 5.01 | 1.17 |
| Martin Ratio | 16.74 | 7.61 |
| Ulcer Index | 0.83% | 1.67% |
| Daily Std Dev | 6.55% | 11.96% |
| Max Drawdown | -13.24% | -15.68% |
| Current Drawdown | -0.53% | -0.18% |
Correlation
The correlation between CDX and SVOL is 0.40, 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.
Performance
CDX vs. SVOL - Performance Comparison
In the year-to-date period, CDX achieves a 10.32% return, which is significantly higher than SVOL's 9.56% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CDX vs. SVOL - Expense Ratio Comparison
CDX has a 0.26% expense ratio, which is lower than SVOL's 0.50% expense ratio.
Risk-Adjusted Performance
CDX vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify High Yield PLUS Credit Hedge ETF (CDX) and Simplify Volatility Premium ETF (SVOL). 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. SVOL - Dividend Comparison
CDX's dividend yield for the trailing twelve months is around 7.43%, less than SVOL's 16.31% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
CDX Simplify High Yield PLUS Credit Hedge ETF | 7.43% | 5.26% | 7.51% | 0.00% |
SVOL Simplify Volatility Premium ETF | 16.31% | 16.37% | 18.31% | 4.65% |
Drawdowns
CDX vs. SVOL - Drawdown Comparison
The maximum CDX drawdown since its inception was -13.24%, smaller than the maximum SVOL drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for CDX and SVOL. For additional features, visit the drawdowns tool.
Volatility
CDX vs. SVOL - Volatility Comparison
The current volatility for Simplify High Yield PLUS Credit Hedge ETF (CDX) is 2.68%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 3.43%. This indicates that CDX experiences smaller price fluctuations and is considered to be less risky than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.