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CDX vs GSY

Simplify High Yield ETF vs Invesco Ultra Short Duration ETF

CDX

Simplify High Yield ETF

Simplify Asset Management

Annual cost

0.25%

Fund size

$440M

GSY

Invesco Ultra Short Duration ETF

Invesco

Annual cost

0.22%

Fund size

$3.5B

Key differences

  • GSY is significantly larger than CDX — larger funds tend to be more liquid and less likely to close.
  • CDX is classified as alternative, while GSY is fixed income — different risk/return profiles.
  • CDX follows a multi strategy strategy; GSY uses index tracking.
  • Over the last 3 years, CDX has delivered higher annualized returns.
  • GSY has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

CDXGSY
Annual cost (TER)0.25%0.22%
Fund size (AUM)$440M$3.5B
Since20222008
Dividend yield8.37%4.38%
Asset classalternativefixed income
Regionnorth americanorth america
Strategymulti strategyindex tracking
CAGR 1Y-0.3%+4.6%
CAGR 3Y+7.8%+5.4%
CAGR 5YN/A+3.6%
Sharpe 3Y0.423.35
Volatility 1Y5.69%0.40%
Max drawdown-13.24%-5.25%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to CDX and GSY