CDX vs. THY

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify High Yield PLUS Credit Hedge ETF (CDX) and Agility Shares Dynamic Tactical Income ETF (THY).

CDX and THY 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. THY is an actively managed fund by Toews Corp.. It was launched on Jun 25, 2020.

Performance

CDX vs. THY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify High Yield PLUS Credit Hedge ETF (CDX) and Agility Shares Dynamic Tactical Income ETF (THY). The values are adjusted to include any dividend payments, if applicable.

CDX vs. THY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CDX Simplify High Yield PLUS Credit Hedge ETF	-2.19%	9.51%	7.71%	12.74%	-8.12%
THY Agility Shares Dynamic Tactical Income ETF	0.26%	4.44%	5.38%	4.97%	-4.43%

Returns By Period

In the year-to-date period, CDX achieves a -2.19% return, which is significantly lower than THY's 0.26% return.

CDX

• 1D: 0.52%
• 1M: -2.16%
• YTD: -2.19%
• 6M: -3.01%
• 1Y: 0.72%
• 3Y*: 7.73%
• 5Y*: —
• 10Y*: —

THY

• 1D: -0.02%
• 1M: -0.45%
• YTD: 0.26%
• 6M: -0.36%
• 1Y: 5.67%
• 3Y*: 4.80%
• 5Y*: 1.78%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CDX vs. THY - Expense Ratio Comparison

CDX has a 0.26% expense ratio, which is lower than THY's 1.36% expense ratio.

THY

Agility Shares Dynamic Tactical Income ETF

CDX

Simplify High Yield PLUS Credit Hedge ETF

Return for Risk

CDX vs. THY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CDX

CDX Risk / Return Rank: 14
CDX Sharpe Ratio Rank: 13
CDX Sortino Ratio Rank: 13
CDX Omega Ratio Rank: 16
CDX Calmar Ratio Rank: 15
CDX Martin Ratio Rank: 14

THY

THY Risk / Return Rank: 88
THY Sharpe Ratio Rank: 87
THY Sortino Ratio Rank: 93
THY Omega Ratio Rank: 87
THY Calmar Ratio Rank: 93
THY Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CDX vs. THY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify High Yield PLUS Credit Hedge ETF (CDX) and Agility Shares Dynamic Tactical Income ETF (THY). 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.

	CDX	THY	Difference
Sharpe ratio Return per unit of total volatility	0.04	1.79	-1.75
Sortino ratio Return per unit of downside risk	0.19	2.79	-2.60
Omega ratio Gain probability vs. loss probability	1.04	1.35	-0.31
Calmar ratio Return relative to maximum drawdown	0.13	3.57	-3.44
Martin ratio Return relative to average drawdown	0.21	9.21	-9.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDX vs. THY - Sharpe Ratio Comparison

The current CDX Sharpe Ratio is 0.04, which is lower than the THY Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of CDX and THY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CDX	THY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	1.79	-1.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.48	-0.09

Correlation

The correlation between CDX and THY is 0.36, 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.

Dividends

CDX vs. THY - Dividend Comparison

CDX's dividend yield for the trailing twelve months is around 8.43%, more than THY's 5.48% yield.

	TTM	2025	2024	2023	2022	2021	2020
CDX Simplify High Yield PLUS Credit Hedge ETF	8.43%	7.18%	12.60%	5.26%	7.51%	0.00%	0.00%
THY Agility Shares Dynamic Tactical Income ETF	5.48%	6.00%	5.09%	4.59%	2.56%	3.46%	2.53%

Drawdowns

CDX vs. THY - Drawdown Comparison

The maximum CDX drawdown since its inception was -13.24%, which is greater than THY's maximum drawdown of -8.56%. Use the drawdown chart below to compare losses from any high point for CDX and THY.

Drawdown Indicators

	CDX	THY	Difference
Max Drawdown Largest peak-to-trough decline	-13.24%	-8.56%	-4.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-1.60%	-7.28%
Max Drawdown (5Y) Largest decline over 5 years	—	-8.56%	—
Current Drawdown Current decline from peak	-7.17%	-0.83%	-6.34%
Average Drawdown Average peak-to-trough decline	-4.24%	-2.68%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.46%	0.62%	+4.84%

Volatility

CDX vs. THY - Volatility Comparison

Simplify High Yield PLUS Credit Hedge ETF (CDX) has a higher volatility of 3.07% compared to Agility Shares Dynamic Tactical Income ETF (THY) at 0.79%. This indicates that CDX's price experiences larger fluctuations and is considered to be riskier than THY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDX	THY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	0.79%	+2.28%
Volatility (6M) Calculated over the trailing 6-month period	4.14%	1.96%	+2.18%
Volatility (1Y) Calculated over the trailing 1-year period	16.11%	3.18%	+12.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.24%	4.52%	+6.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.24%	4.51%	+6.73%