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HARD vs CDX

Simplify Commodities Strategy No K-1 ETF vs Simplify High Yield ETF

HARD

Simplify Commodities Strategy No K-1 ETF

Simplify Asset Management

Annual cost

0.78%

Fund size

$118M

CDX

Simplify High Yield ETF

Simplify Asset Management

Annual cost

0.25%

Fund size

$440M

Key differences

  • CDX costs 0.53% less per year.
  • CDX is significantly larger than HARD — larger funds tend to be more liquid and less likely to close.
  • HARD is classified as commodity, while CDX is alternative — different risk/return profiles.
  • Over the last 3 years, HARD has delivered higher annualized returns.

Side-by-side comparison

HARDCDX
Annual cost (TER)0.78%0.25%
Fund size (AUM)$118M$440M
Since20232022
Dividend yield3.05%8.37%
Asset classcommodityalternative
Regionnorth america
Strategymulti strategy
CAGR 1Y+25.3%-0.3%
CAGR 3Y+14.1%+7.8%
CAGR 5YN/AN/A
Sharpe 3Y0.600.42
Volatility 1Y26.20%5.69%
Max drawdown-13.51%-13.24%

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

Similar to HARD and CDX