XHYH vs. CDX

Last updated Apr 2, 2026

Compare and contrast key facts about BondBloxx US High Yield Healthcare Sector ETF (XHYH) and Simplify High Yield PLUS Credit Hedge ETF (CDX).

XHYH and CDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHYH is a passively managed fund by BondBloxx that tracks the performance of the ICE Diversified US Cash Pay High Yield Healthcare Index. It was launched on Feb 15, 2022. CDX is an actively managed fund by Simplify. It was launched on Feb 14, 2022.

Performance

XHYH vs. CDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx US High Yield Healthcare Sector ETF (XHYH) and Simplify High Yield PLUS Credit Hedge ETF (CDX). The values are adjusted to include any dividend payments, if applicable.

XHYH vs. CDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XHYH BondBloxx US High Yield Healthcare Sector ETF	0.14%	10.30%	9.65%	12.93%	-12.71%
CDX Simplify High Yield PLUS Credit Hedge ETF	-1.78%	9.51%	7.71%	12.74%	-8.46%

Returns By Period

In the year-to-date period, XHYH achieves a 0.14% return, which is significantly higher than CDX's -1.78% return.

XHYH

• 1D: 0.47%
• 1M: -0.80%
• YTD: 0.14%
• 6M: 1.93%
• 1Y: 9.21%
• 3Y*: 9.08%
• 5Y*: —
• 10Y*: —

CDX

• 1D: 0.42%
• 1M: -1.42%
• YTD: -1.78%
• 6M: -2.26%
• 1Y: 0.75%
• 3Y*: 7.88%
• 5Y*: —
• 10Y*: —

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

XHYH vs. CDX - Expense Ratio Comparison

XHYH has a 0.35% expense ratio, which is higher than CDX's 0.26% expense ratio.

XHYH

BondBloxx US High Yield Healthcare Sector ETF

CDX

Simplify High Yield PLUS Credit Hedge ETF

Return for Risk

XHYH vs. CDX — Risk / Return Rank

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

XHYH

XHYH Risk / Return Rank: 76
XHYH Sharpe Ratio Rank: 65
XHYH Sortino Ratio Rank: 71
XHYH Omega Ratio Rank: 84
XHYH Calmar Ratio Rank: 78
XHYH Martin Ratio Rank: 83

CDX

CDX Risk / Return Rank: 13
CDX Sharpe Ratio Rank: 12
CDX Sortino Ratio Rank: 12
CDX Omega Ratio Rank: 14
CDX Calmar Ratio Rank: 14
CDX Martin Ratio Rank: 13

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.

XHYH vs. CDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Healthcare Sector ETF (XHYH) 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.

	XHYH	CDX	Difference
Sharpe ratio Return per unit of total volatility	1.20	0.05	+1.15
Sortino ratio Return per unit of downside risk	1.88	0.19	+1.69
Omega ratio Gain probability vs. loss probability	1.35	1.04	+0.30
Calmar ratio Return relative to maximum drawdown	2.35	0.13	+2.22
Martin ratio Return relative to average drawdown	10.16	0.21	+9.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XHYH vs. CDX - Sharpe Ratio Comparison

The current XHYH Sharpe Ratio is 1.20, which is higher than the CDX Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of XHYH 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

	XHYH	CDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	0.05	+1.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.40	+0.11

Correlation

The correlation between XHYH and CDX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XHYH vs. CDX - Dividend Comparison

XHYH's dividend yield for the trailing twelve months is around 7.28%, less than CDX's 8.40% yield.

	TTM	2025	2024	2023	2022
XHYH BondBloxx US High Yield Healthcare Sector ETF	7.28%	6.95%	6.95%	7.73%	6.99%
CDX Simplify High Yield PLUS Credit Hedge ETF	8.40%	7.18%	12.60%	5.26%	7.51%

Drawdowns

XHYH vs. CDX - Drawdown Comparison

The maximum XHYH drawdown since its inception was -17.84%, which is greater than CDX's maximum drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for XHYH and CDX.

Drawdown Indicators

	XHYH	CDX	Difference
Max Drawdown Largest peak-to-trough decline	-17.84%	-13.24%	-4.60%
Max Drawdown (1Y) Largest decline over 1 year	-4.11%	-8.88%	+4.77%
Current Drawdown Current decline from peak	-1.18%	-6.78%	+5.60%
Average Drawdown Average peak-to-trough decline	-4.75%	-4.24%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	5.48%	-4.53%

Volatility

XHYH vs. CDX - Volatility Comparison

The current volatility for BondBloxx US High Yield Healthcare Sector ETF (XHYH) is 2.12%, while Simplify High Yield PLUS Credit Hedge ETF (CDX) has a volatility of 3.10%. This indicates that XHYH 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

	XHYH	CDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	3.10%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	3.23%	4.15%	-0.92%
Volatility (1Y) Calculated over the trailing 1-year period	7.75%	16.10%	-8.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.66%	11.24%	-2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.66%	11.24%	-2.58%