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ETFs

Simplify High Yield PLUS Credit Hedge ETF

CDX
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Feb 14, 2022
Expense Ratio
0.25%
Type
US Bonds
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$173,333
AUM
$46,558,771
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

B 0 12/28/23
B 12/21/23 Govt
57.24%
B 10/03/23 Govt
B 10/03/23 Govt
36.02%
—
Cash
1.97%
CBOE
Cboe Global Markets Inc.
0.3%
UNH
Unitedhealth Group Inc
0.29%
TPL
Texas Pacific Land Corporation
0.29%
LOPE
Grand Canyon Education Inc
0.29%
TYL
Tyler Technologies, Inc.
0.29%
CI
Cigna Group (The)
0.29%
MOH
Molina Healthcare Inc
0.29%
Invest with CDX
Trade CDX Options

What is CDX?

The Simplify High Yield PLUS Credit Hedge ETF (CDX) seeks to maximize current income by investing primarily in high-yield bonds while mitigating credit risk. The fund is actively-managed is subject to the risk that the strategy may not produce the intended results.

1M
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6M
YTD
1Y
3Y
Max
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CDX
Performance Measures**

for the time period Feb 15, 2022 to Dec 4, 2025

Returns

1M Trailing Return: 0.5%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 0.6%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -13.2%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 11.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.53

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.42

The annualized return divided by the max drawdown for the selected time period.

ETFs related toCDX

ETFs correlated to CDX include HYDW, HYLB, HYBB

CDX
Simplify Exchange Traded Funds - Simplify High Yield PLUS Credit Hedge ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

CDX is a US Bonds ETF. The Simplify High Yield PLUS Credit Hedge ETF (CDX) seeks to maximize current income by investing primarily in high-yield bonds while mitigating credit risk. The fund is actively-managed is subject to the risk that the strategy may not produce the intended results.

Yes, CDX is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CDX is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CDX is 0.0078%. This is the percent change in the value of CDX over the most recent 1-month period. The 3-month return on CDX is 0.0166%. This is the percent change in the value of CDX over the most recent 3-month period.

The standard deviation of CDX for the past year is 0.1094%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CDX include GVI, BLV, and BSV.

ETFs correlated to CDX include HYDW, HYLB, and HYBB.

ETFs that are inversely correlated to CDX include SJB, SPXU, and SPDN.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.