SDMF vs. CDX
Compare and contrast key facts about Simplify DBi CTA Managed Futures Index ETF (SDMF) and Simplify High Yield PLUS Credit Hedge ETF (CDX).
SDMF and CDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SDMF is a passively managed fund by Simplify that tracks the performance of the DBi CTA Managed Futures Index. It was launched on Feb 17, 2026. CDX is an actively managed fund by Simplify. It was launched on Feb 14, 2022.
Performance
SDMF vs. CDX - Performance Comparison
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SDMF vs. CDX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SDMF Simplify DBi CTA Managed Futures Index ETF | -0.70% |
CDX Simplify High Yield PLUS Credit Hedge ETF | -1.46% |
Returns By Period
SDMF
- 1D
- -0.81%
- 1M
- -3.29%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CDX
- 1D
- 0.42%
- 1M
- -1.42%
- YTD
- -1.78%
- 6M
- -2.26%
- 1Y
- 0.75%
- 3Y*
- 7.88%
- 5Y*
- —
- 10Y*
- —
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SDMF vs. CDX - Expense Ratio Comparison
SDMF has a 0.35% expense ratio, which is higher than CDX's 0.26% expense ratio.
Return for Risk
SDMF vs. CDX — Risk / Return Rank
SDMF
CDX
SDMF vs. CDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify DBi CTA Managed Futures Index ETF (SDMF) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| SDMF | CDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | 0.40 | -0.73 |
Correlation
The correlation between SDMF and CDX is 0.14, 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
SDMF vs. CDX - Dividend Comparison
SDMF has not paid dividends to shareholders, while CDX's dividend yield for the trailing twelve months is around 8.40%.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SDMF Simplify DBi CTA Managed Futures Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CDX Simplify High Yield PLUS Credit Hedge ETF | 8.40% | 7.18% | 12.60% | 5.26% | 7.51% |
Drawdowns
SDMF vs. CDX - Drawdown Comparison
The maximum SDMF drawdown since its inception was -6.23%, smaller than the maximum CDX drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for SDMF and CDX.
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Drawdown Indicators
| SDMF | CDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.23% | -13.24% | +7.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.88% | — |
Current DrawdownCurrent decline from peak | -3.71% | -6.78% | +3.07% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -4.24% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.48% | — |
Volatility
SDMF vs. CDX - Volatility Comparison
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Volatility by Period
| SDMF | CDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.38% | 16.10% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 11.24% | +7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 11.24% | +7.14% |