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TUA vs. CDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

TUA vs. CDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Short Term Treasury Futures Strategy ETF (TUA) and Simplify High Yield PLUS Credit Hedge ETF (CDX). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
3.32%
6.63%
TUA
CDX

Returns By Period

In the year-to-date period, TUA achieves a -4.46% return, which is significantly lower than CDX's 9.61% return.


TUA

YTD

-4.46%

1M

-2.97%

6M

3.31%

1Y

0.96%

5Y (annualized)

N/A

10Y (annualized)

N/A

CDX

YTD

9.61%

1M

0.57%

6M

6.64%

1Y

12.19%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


TUACDX
Sharpe Ratio0.101.89
Sortino Ratio0.212.66
Omega Ratio1.021.33
Calmar Ratio0.064.37
Martin Ratio0.1914.24
Ulcer Index5.00%0.85%
Daily Std Dev9.95%6.43%
Max Drawdown-15.85%-13.24%
Current Drawdown-12.18%-1.17%

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TUA vs. CDX - Expense Ratio Comparison

TUA has a 0.16% expense ratio, which is lower than CDX's 0.26% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


CDX
Simplify High Yield PLUS Credit Hedge ETF
Expense ratio chart for CDX: current value at 0.26% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.26%
Expense ratio chart for TUA: current value at 0.16% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.16%

Correlation

-0.50.00.51.00.3

The correlation between TUA and CDX is 0.30, 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.

Risk-Adjusted Performance

TUA vs. CDX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Short Term Treasury Futures Strategy ETF (TUA) 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.


Sharpe ratio
The chart of Sharpe ratio for TUA, currently valued at 0.10, compared to the broader market0.002.004.006.000.101.89
The chart of Sortino ratio for TUA, currently valued at 0.21, compared to the broader market-2.000.002.004.006.008.0010.0012.000.212.66
The chart of Omega ratio for TUA, currently valued at 1.02, compared to the broader market0.501.001.502.002.503.001.021.33
The chart of Calmar ratio for TUA, currently valued at 0.06, compared to the broader market0.005.0010.0015.0020.000.064.37
The chart of Martin ratio for TUA, currently valued at 0.19, compared to the broader market0.0020.0040.0060.0080.00100.00120.000.1914.24
TUA
CDX

The current TUA Sharpe Ratio is 0.10, which is lower than the CDX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of TUA 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.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
0.10
1.89
TUA
CDX

Dividends

TUA vs. CDX - Dividend Comparison

TUA's dividend yield for the trailing twelve months is around 5.27%, less than CDX's 7.48% yield.


TTM20232022
TUA
Simplify Short Term Treasury Futures Strategy ETF
5.27%4.83%0.15%
CDX
Simplify High Yield PLUS Credit Hedge ETF
7.48%5.26%7.51%

Drawdowns

TUA vs. CDX - Drawdown Comparison

The maximum TUA drawdown since its inception was -15.85%, which is greater than CDX's maximum drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for TUA and CDX. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-12.18%
-1.17%
TUA
CDX

Volatility

TUA vs. CDX - Volatility Comparison

Simplify Short Term Treasury Futures Strategy ETF (TUA) and Simplify High Yield PLUS Credit Hedge ETF (CDX) have volatilities of 1.96% and 1.93%, 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.


1.50%2.00%2.50%3.00%3.50%4.00%JuneJulyAugustSeptemberOctoberNovember
1.96%
1.93%
TUA
CDX