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CDX vs HYLS
Simplify High Yield ETF vs First Trust Tactical High Yield ETF
Key differences
- CDX costs 0.44% less per year.
- HYLS is significantly larger than CDX — larger funds tend to be more liquid and less likely to close.
- CDX follows a multi strategy strategy; HYLS uses long short.
- HYLS has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| CDX | HYLS | |
|---|---|---|
| Annual cost (TER) | 0.25% | 0.69% |
| Fund size (AUM) | $440M | $1.6B |
| Since | 2022 | 2013 |
| Dividend yield | 8.37% | 6.65% |
| Asset class | alternative | alternative |
| Region | north america | — |
| Strategy | multi strategy | long short |
| CAGR 1Y | -0.3% | +5.9% |
| CAGR 3Y | +7.8% | +7.9% |
| CAGR 5Y | N/A | +3.0% |
| Sharpe 3Y | 0.42 | 0.87 |
| Volatility 1Y | 5.69% | 3.56% |
| Max drawdown | -13.24% | -22.99% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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