SDMF vs. GXDW

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify DBi CTA Managed Futures Index ETF (SDMF) and Global X Dorsey Wright Thematic ETF (GXDW).

SDMF and GXDW 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. GXDW is a passively managed fund by Global X that tracks the performance of the Nasdaq Dorsey Wright Thematic Rotation Total Return Index. It was launched on Oct 25, 2019. Both SDMF and GXDW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SDMF vs. GXDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify DBi CTA Managed Futures Index ETF (SDMF) and Global X Dorsey Wright Thematic ETF (GXDW). The values are adjusted to include any dividend payments, if applicable.

SDMF vs. GXDW - Yearly Performance Comparison

	2026 (YTD)
SDMF Simplify DBi CTA Managed Futures Index ETF	0.11%
GXDW Global X Dorsey Wright Thematic ETF	-3.72%

Returns By Period

SDMF

• 1D: 1.07%
• 1M: -2.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXDW

• 1D: 1.58%
• 1M: -4.04%
• YTD: -5.33%
• 6M: -16.58%
• 1Y: 1.48%
• 3Y*: -2.35%
• 5Y*: -12.97%
• 10Y*: —

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

SDMF vs. GXDW - Expense Ratio Comparison

SDMF has a 0.35% expense ratio, which is lower than GXDW's 0.50% expense ratio.

GXDW

Global X Dorsey Wright Thematic ETF

SDMF

Simplify DBi CTA Managed Futures Index ETF

Return for Risk

SDMF vs. GXDW — Risk / Return Rank

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

GXDW

GXDW Risk / Return Rank: 13
GXDW Sharpe Ratio Rank: 13
GXDW Sortino Ratio Rank: 13
GXDW Omega Ratio Rank: 13
GXDW Calmar Ratio Rank: 12
GXDW Martin Ratio Rank: 12

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.

SDMF vs. GXDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify DBi CTA Managed Futures Index ETF (SDMF) and Global X Dorsey Wright Thematic ETF (GXDW). 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.

Sharpe Ratios by Period

	SDMF	GXDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.05	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	-0.03	+0.09

Correlation

The correlation between SDMF and GXDW is 0.31, 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. GXDW - Dividend Comparison

SDMF has not paid dividends to shareholders, while GXDW's dividend yield for the trailing twelve months is around 1.48%.

	TTM	2025	2024	2023	2022	2021	2020	2019
SDMF Simplify DBi CTA Managed Futures Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GXDW Global X Dorsey Wright Thematic ETF	1.48%	1.40%	1.08%	1.99%	1.48%	1.56%	0.48%	0.31%

Drawdowns

SDMF vs. GXDW - Drawdown Comparison

The maximum SDMF drawdown since its inception was -6.23%, smaller than the maximum GXDW drawdown of -67.81%. Use the drawdown chart below to compare losses from any high point for SDMF and GXDW.

Drawdown Indicators

	SDMF	GXDW	Difference
Max Drawdown Largest peak-to-trough decline	-6.23%	-67.81%	+61.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-61.17%	—
Current Drawdown Current decline from peak	-2.92%	-62.58%	+59.66%
Average Drawdown Average peak-to-trough decline	-2.66%	-42.77%	+40.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.86%	—

Volatility

Volatility by Period

	SDMF	GXDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.56%	27.43%	-8.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.56%	27.32%	-8.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.56%	29.53%	-10.97%