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FDHY vs CDX

Fidelity Enhanced High Yield ETF vs Simplify High Yield ETF

FDHY

Fidelity Enhanced High Yield ETF

Fidelity Investments

Annual cost

0.35%

Fund size

$497M

CDX

Simplify High Yield ETF

Simplify Asset Management

Annual cost

0.25%

Fund size

$440M

Key differences

  • CDX costs 0.10% less per year.
  • FDHY is classified as fixed income, while CDX is alternative — different risk/return profiles.
  • FDHY follows a index tracking strategy; CDX uses multi strategy.
  • Over the last 3 years, FDHY has delivered higher annualized returns.

Side-by-side comparison

FDHYCDX
Annual cost (TER)0.35%0.25%
Fund size (AUM)$497M$440M
Since20182022
Dividend yield6.54%8.37%
Asset classfixed incomealternative
Regionnorth america
Strategyindex trackingmulti strategy
CAGR 1Y+9.3%-0.3%
CAGR 3Y+8.9%+7.8%
CAGR 5Y+4.0%N/A
Sharpe 3Y1.010.42
Volatility 1Y3.76%5.69%
Max drawdown-20.01%-13.24%

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

Similar to FDHY and CDX