CDX vs. VEMY
CDX (Simplify High Yield PLUS Credit Hedge ETF) and VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) are both exchange-traded funds - CDX is a High Yield Bonds fund actively managed by Simplify, while VEMY is a Emerging Markets Bonds fund actively managed by Virtus. Both are actively managed. Over the past 3 years, CDX returned 7.17%/yr vs 15.75%/yr for VEMY. At a 0.40 correlation, their price movements are largely independent. CDX charges 0.26%/yr vs 0.58%/yr for VEMY.
Performance
CDX vs. VEMY - Performance Comparison
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Returns By Period
In the year-to-date period, CDX achieves a -2.44% return, which is significantly lower than VEMY's 5.89% return.
CDX
- 1D
- -0.19%
- 1M
- -0.71%
- YTD
- -2.44%
- 6M
- -2.70%
- 1Y
- -1.77%
- 3Y*
- 7.17%
- 5Y*
- —
- 10Y*
- —
VEMY
- 1D
- -0.17%
- 1M
- 1.68%
- YTD
- 5.89%
- 6M
- 6.65%
- 1Y
- 18.61%
- 3Y*
- 15.75%
- 5Y*
- —
- 10Y*
- —
CDX vs. VEMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CDX Simplify High Yield PLUS Credit Hedge ETF | -2.44% | 9.51% | 7.71% | 12.74% | -2.75% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 5.89% | 15.27% | 13.48% | 14.45% | -1.08% |
Correlation
The correlation between CDX and VEMY is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2022 | 0.40 |
The correlation between CDX and VEMY shifts across timeframes, from 0.29 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CDX vs. VEMY — Risk / Return Rank
CDX
VEMY
CDX vs. VEMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify High Yield PLUS Credit Hedge ETF (CDX) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). 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 | VEMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.40 | ||
| Sortino ratioReturn per unit of downside risk | -5.15 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.63 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 4.67 | -5.09 |
| Martin ratioReturn relative to average drawdown | -1.00 | 22.18 | -23.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CDX | VEMY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 3.09 | -3.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 1.83 | -1.45 |
Drawdowns
CDX vs. VEMY - Drawdown Comparison
The maximum CDX drawdown since its inception was -13.24%, which is greater than VEMY's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for CDX and VEMY.
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Drawdown Indicators
| CDX | VEMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -8.77% | -4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -4.00% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -8.88% | -6.57% | -2.31% |
Current DrawdownCurrent decline from peak | -7.41% | -0.17% | -7.24% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -1.30% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 0.84% | +0.93% |
Volatility
CDX vs. VEMY - Volatility Comparison
Simplify High Yield PLUS Credit Hedge ETF (CDX) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) have volatilities of 1.61% and 1.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDX | VEMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.60% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.72% | 4.65% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.69% | 6.05% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.10% | 7.63% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.10% | 7.63% | +3.47% |
CDX vs. VEMY - Expense Ratio Comparison
CDX has a 0.26% expense ratio, which is lower than VEMY's 0.58% expense ratio.
Dividends
CDX vs. VEMY - Dividend Comparison
CDX's dividend yield for the trailing twelve months is around 8.37%, which matches VEMY's 8.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CDX Simplify High Yield PLUS Credit Hedge ETF | 8.37% | 7.18% | 12.60% | 5.26% | 7.51% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 8.38% | 8.89% | 10.28% | 9.55% | 0.00% |
Frequently Asked Questions
CDX and VEMY have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDX has higher volatility (1.61%) compared to VEMY (1.60%). In terms of maximum drawdown, CDX dropped -13.24% vs VEMY's -8.77%.
On 3-year performance, VEMY leads with 15.75% vs 7.17% for CDX. On fees, CDX is cheaper at 0.26% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VEMY has performed better with a 15.75% return vs 7.17%. 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 0.58% for VEMY.
VEMY has the higher dividend yield at 8.38%, compared with 8.37% for CDX.
CDX is categorized as High Yield Bonds, while VEMY is Emerging Markets Bonds. They also come from different issuers: Simplify and Virtus. Their fees differ too: 0.26% for CDX and 0.58% for VEMY.
VEMY currently has the higher Sharpe Ratio (3.09 vs -0.31), 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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