Correlation
The correlation between XHYH and CDX is 0.48, 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.
XHYH vs. CDX
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XHYH or CDX.
Performance
XHYH vs. CDX - Performance Comparison
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Key characteristics
XHYH:
1.21
CDX:
0.90
XHYH:
1.84
CDX:
1.42
XHYH:
1.32
CDX:
1.30
XHYH:
2.27
CDX:
1.71
XHYH:
9.34
CDX:
5.40
XHYH:
1.00%
CDX:
2.81%
XHYH:
7.77%
CDX:
16.72%
XHYH:
-17.84%
CDX:
-13.24%
XHYH:
0.00%
CDX:
-5.53%
Returns By Period
In the year-to-date period, XHYH achieves a 3.61% return, which is significantly lower than CDX's 9.00% return.
XHYH
3.61%
1.75%
2.68%
9.37%
5.86%
N/A
N/A
CDX
9.00%
1.93%
6.67%
14.91%
8.28%
N/A
N/A
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XHYH vs. CDX - Expense Ratio Comparison
XHYH has a 0.35% expense ratio, which is higher than CDX's 0.26% expense ratio.
Risk-Adjusted Performance
XHYH vs. CDX — Risk-Adjusted Performance Rank
XHYH
CDX
XHYH vs. CDX - Risk-Adjusted Performance 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.
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Dividends
XHYH vs. CDX - Dividend Comparison
XHYH's dividend yield for the trailing twelve months is around 7.01%, less than CDX's 11.62% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
XHYH BondBloxx US High Yield Healthcare Sector ETF | 7.01% | 6.95% | 7.73% | 6.99% |
CDX Simplify High Yield PLUS Credit Hedge ETF | 11.62% | 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.
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Volatility
XHYH vs. CDX - Volatility Comparison
The current volatility for BondBloxx US High Yield Healthcare Sector ETF (XHYH) is 1.05%, while Simplify High Yield PLUS Credit Hedge ETF (CDX) has a volatility of 2.03%. 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.
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