Simplify High Yield ETF
$20.00−0.19 (−0.94%)
- 0.50%
- $304M
- −3.7%
- 8.22%
- 122K sh
- low $20.05high $22.88
The ETF.net CDX Grade
C
Score 28 out of 100
- 75 of 85
Score 28 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.D35 out of 100Rank 53 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.D27 out of 100Rank 70 of 77Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F11 out of 100Rank 83 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 51 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F9 out of 100Rank 85 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C49 out of 100Rank 51 of 85
Our read on CDX
In short
CMost high yield ETFs buy the bonds. Simplify's CDX rents the exposure through swaps and layers a quality-versus-junk hedge on top. An active, derivatives-first route into junk credit, priced like one.
Stated mandate
Effective September 2, 2025, the fund's stated objective is to maximize total return. Its strategy continues to obtain primarily high-yield bond exposure through swaps and a credit-hedge derivatives approach.
Why people hold it
Worth knowing
CDX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
CDX$9,628
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CDX |
|---|---|
| Year to date | −3.3% |
| 1 month | +0.7% |
| 3 months | −0.4% |
| 1 year | −3.7% |
| 3 years | +6.5% |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CDX |
|---|---|---|
| 2026 YTD | −3.3% | |
| 2025 | +9.5% | |
| 2024 | +7.7% | |
| 2023 | +12.8% | |
| 2022 | −8.1% |
CDX in the news
CDX Dividends
- 8.22%
- $1.66
- $0.13 per share
- Monthly
CDX Risk
- 5.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.38
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −13.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.56
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
CDX Cost
Overpaying vs SCYB, cheapest in US High Yield
$9,341
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
CDX 0.50%
$9,979
SCYB 0.03% Cheapest
$638
Cost over time
Year by year
| Year | CDX | SCYB | Overpaying |
|---|---|---|---|
| 10 | $900 | $55 | $845 |
| 20 | $3,460 | $216 | $3,244 |
| 30 | $9,979 | $638 | $9,341 |
Other funds in US High Yield
- DTFLRT. Rowe Price Floating Rate ETFExpense ratio 0.61%1 year return +4.0%
- DHYHGProShares High Yield - Interest Rate HedgedExpense ratio 0.50%1 year return +3.6%
- DDYLDLeaderShares Dynamic Yield ETFExpense ratio 0.75%1 year return +1.3%
- DHYBXTCW High Yield Bond ETFExpense ratio 0.50%1 year return +2.7%
- DMANIMan Active Income ETFExpense ratio 0.85%1 year return +8.7%
