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CDX vs SJNK

Simplify High Yield ETF vs State Street SPDR Bloomberg Short Term High Yield Bond ETF

CDX

Simplify High Yield ETF

Simplify Asset Management

Annual cost

0.25%

Fund size

$440M

SJNK

State Street SPDR Bloomberg Short Term High Yield Bond ETF

State Street Investment Management

Annual cost

0.40%

Fund size

$4.8B

Key differences

  • CDX costs 0.15% less per year.
  • SJNK is significantly larger than CDX — larger funds tend to be more liquid and less likely to close.
  • CDX is classified as alternative, while SJNK is fixed income — different risk/return profiles.
  • CDX follows a multi strategy strategy; SJNK uses index tracking.
  • SJNK has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

CDXSJNK
Annual cost (TER)0.25%0.40%
Fund size (AUM)$440M$4.8B
Since20222012
Dividend yield8.37%7.06%
Asset classalternativefixed income
Regionnorth americanorth america
Strategymulti strategyindex tracking
CAGR 1Y-0.3%+7.3%
CAGR 3Y+7.8%+8.5%
CAGR 5YN/A+4.9%
Sharpe 3Y0.421.06
Volatility 1Y5.69%3.22%
Max drawdown-13.24%-19.74%

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

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