LDUR vs. CDX

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO Enhanced Low Duration Active ETF (LDUR) and Simplify High Yield PLUS Credit Hedge ETF (CDX).

LDUR and CDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LDUR is an actively managed fund by PIMCO. It was launched on Jan 22, 2014. CDX is an actively managed fund by Simplify. It was launched on Feb 14, 2022.

Performance

LDUR vs. CDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Enhanced Low Duration Active ETF (LDUR) and Simplify High Yield PLUS Credit Hedge ETF (CDX). The values are adjusted to include any dividend payments, if applicable.

LDUR vs. CDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LDUR PIMCO Enhanced Low Duration Active ETF	0.52%	5.76%	5.14%	4.78%	-2.89%
CDX Simplify High Yield PLUS Credit Hedge ETF	-2.19%	9.51%	7.71%	12.74%	-8.12%

Returns By Period

In the year-to-date period, LDUR achieves a 0.52% return, which is significantly higher than CDX's -2.19% return.

LDUR

• 1D: 0.18%
• 1M: -0.36%
• YTD: 0.52%
• 6M: 1.83%
• 1Y: 4.39%
• 3Y*: 4.99%
• 5Y*: 2.18%
• 10Y*: 2.52%

CDX

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

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

LDUR vs. CDX - Expense Ratio Comparison

LDUR has a 0.54% expense ratio, which is higher than CDX's 0.26% expense ratio.

LDUR

PIMCO Enhanced Low Duration Active ETF

CDX

Simplify High Yield PLUS Credit Hedge ETF

Return for Risk

LDUR vs. CDX — Risk / Return Rank

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

LDUR

LDUR Risk / Return Rank: 96
LDUR Sharpe Ratio Rank: 95
LDUR Sortino Ratio Rank: 97
LDUR Omega Ratio Rank: 95
LDUR Calmar Ratio Rank: 94
LDUR Martin Ratio Rank: 96

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

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.

LDUR vs. CDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Low Duration Active ETF (LDUR) 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.

	LDUR	CDX	Difference
Sharpe ratio Return per unit of total volatility	2.38	0.04	+2.33
Sortino ratio Return per unit of downside risk	3.58	0.19	+3.40
Omega ratio Gain probability vs. loss probability	1.47	1.04	+0.43
Calmar ratio Return relative to maximum drawdown	3.72	0.13	+3.59
Martin ratio Return relative to average drawdown	17.85	0.21	+17.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LDUR vs. CDX - Sharpe Ratio Comparison

The current LDUR Sharpe Ratio is 2.38, which is higher than the CDX Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of LDUR and CDX, 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

	LDUR	CDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	0.04	+2.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.40	+0.47

Correlation

The correlation between LDUR and CDX is 0.28, 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

LDUR vs. CDX - Dividend Comparison

LDUR's dividend yield for the trailing twelve months is around 4.47%, less than CDX's 8.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LDUR PIMCO Enhanced Low Duration Active ETF	4.47%	4.60%	4.77%	4.11%	2.22%	0.90%	2.15%	3.14%	2.66%	2.08%	1.85%	2.92%
CDX Simplify High Yield PLUS Credit Hedge ETF	8.43%	7.18%	12.60%	5.26%	7.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

LDUR vs. CDX - Drawdown Comparison

The maximum LDUR drawdown since its inception was -8.68%, smaller than the maximum CDX drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for LDUR and CDX.

Drawdown Indicators

	LDUR	CDX	Difference
Max Drawdown Largest peak-to-trough decline	-8.68%	-13.24%	+4.56%
Max Drawdown (1Y) Largest decline over 1 year	-1.17%	-8.88%	+7.71%
Max Drawdown (5Y) Largest decline over 5 years	-6.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-8.68%	—	—
Current Drawdown Current decline from peak	-0.36%	-7.17%	+6.81%
Average Drawdown Average peak-to-trough decline	-0.86%	-4.24%	+3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.24%	5.46%	-5.22%

Volatility

LDUR vs. CDX - Volatility Comparison

The current volatility for PIMCO Enhanced Low Duration Active ETF (LDUR) is 0.75%, while Simplify High Yield PLUS Credit Hedge ETF (CDX) has a volatility of 3.07%. This indicates that LDUR 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.

Volatility by Period

	LDUR	CDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.75%	3.07%	-2.32%
Volatility (6M) Calculated over the trailing 6-month period	1.12%	4.14%	-3.02%
Volatility (1Y) Calculated over the trailing 1-year period	1.86%	16.11%	-14.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.02%	11.24%	-9.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.79%	11.24%	-8.45%