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CDX vs ODHY

Simplify High Yield ETF vs Obra Defensive High Yield ETF

CDX

Simplify High Yield ETF

Simplify Asset Management

Annual cost

0.25%

Fund size

$440M

ODHY

Obra Defensive High Yield ETF

Obra Fund Management, LLC

Annual cost

0.50%

Fund size

$5M

Key differences

  • CDX costs 0.25% less per year.
  • CDX is significantly larger than ODHY — larger funds tend to be more liquid and less likely to close.
  • CDX is classified as alternative, while ODHY is fixed income — different risk/return profiles.
  • CDX follows a multi strategy strategy; ODHY uses active selection.

Side-by-side comparison

CDXODHY
Annual cost (TER)0.25%0.50%
Fund size (AUM)$440M$5M
Since20222025
Dividend yield8.37%
Asset classalternativefixed income
Regionnorth americanorth america
Strategymulti strategyactive selection
CAGR 1Y-0.3%N/A
CAGR 3Y+7.8%N/A
CAGR 5YN/AN/A
Sharpe 3Y0.42N/A
Volatility 1Y5.69%
Max drawdown-13.24%-1.96%

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

Similar to CDX and ODHY