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CDX vs SPD

Simplify High Yield ETF vs Simplify US Equity PLUS Downside Convexity ETF

CDX

Simplify High Yield ETF

Simplify Asset Management

Annual cost

0.25%

Fund size

$440M

SPD

Simplify US Equity PLUS Downside Convexity ETF

Simplify Asset Management

Annual cost

0.53%

Fund size

$109M

Key differences

  • CDX costs 0.28% less per year.
  • CDX is significantly larger than SPD — larger funds tend to be more liquid and less likely to close.
  • CDX follows a multi strategy strategy; SPD uses option income.
  • Over the last 3 years, SPD has delivered higher annualized returns.

Side-by-side comparison

CDXSPD
Annual cost (TER)0.25%0.53%
Fund size (AUM)$440M$109M
Since20222020
Dividend yield8.37%1.00%
Asset classalternativealternative
Regionnorth americanorth america
Strategymulti strategyoption income
CAGR 1Y-0.6%+15.3%
CAGR 3Y+7.6%+18.4%
CAGR 5YN/A+8.3%
Sharpe 3Y0.400.87
Volatility 1Y5.68%13.38%
Max drawdown-13.24%-27.38%

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

Similar to CDX and SPD