EVTR vs. CDX
Compare and contrast key facts about Eaton Vance Total Return Bond ETF (EVTR) and Simplify High Yield PLUS Credit Hedge ETF (CDX).
EVTR and CDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVTR is an actively managed fund by Eaton Vance. It was launched on Nov 14, 1984. CDX is an actively managed fund by Simplify. It was launched on Feb 14, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVTR or CDX.
Correlation
The correlation between EVTR and CDX is 0.18, 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
EVTR vs. CDX - Performance Comparison
Key characteristics
EVTR:
1.79
CDX:
0.80
EVTR:
2.69
CDX:
1.27
EVTR:
1.33
CDX:
1.26
EVTR:
2.05
CDX:
1.51
EVTR:
5.01
CDX:
6.00
EVTR:
1.67%
CDX:
2.24%
EVTR:
4.67%
CDX:
16.78%
EVTR:
-4.08%
CDX:
-13.24%
EVTR:
-1.05%
CDX:
-6.55%
Returns By Period
In the year-to-date period, EVTR achieves a 2.28% return, which is significantly lower than CDX's 7.83% return.
EVTR
2.28%
-0.97%
1.99%
7.42%
N/A
N/A
CDX
7.83%
6.85%
7.36%
12.83%
N/A
N/A
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EVTR vs. CDX - Expense Ratio Comparison
EVTR has a 0.32% expense ratio, which is higher than CDX's 0.26% expense ratio.
Risk-Adjusted Performance
EVTR vs. CDX — Risk-Adjusted Performance Rank
EVTR
CDX
EVTR vs. CDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Total Return Bond ETF (EVTR) and Simplify High Yield PLUS Credit Hedge ETF (CDX). 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
EVTR vs. CDX - Dividend Comparison
EVTR's dividend yield for the trailing twelve months is around 4.84%, less than CDX's 11.45% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
EVTR Eaton Vance Total Return Bond ETF | 4.84% | 4.26% | 0.00% | 0.00% |
CDX Simplify High Yield PLUS Credit Hedge ETF | 11.45% | 12.60% | 5.26% | 7.51% |
Drawdowns
EVTR vs. CDX - Drawdown Comparison
The maximum EVTR drawdown since its inception was -4.08%, smaller than the maximum CDX drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for EVTR and CDX. For additional features, visit the drawdowns tool.
Volatility
EVTR vs. CDX - Volatility Comparison
The current volatility for Eaton Vance Total Return Bond ETF (EVTR) is 1.86%, while Simplify High Yield PLUS Credit Hedge ETF (CDX) has a volatility of 15.24%. This indicates that EVTR experiences smaller price fluctuations and is considered to be less risky than CDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.