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HYLS vs CDX
First Trust Tactical High Yield ETF vs Simplify High Yield ETF
Key differences
- CDX costs 0.44% less per year.
- HYLS is significantly larger than CDX — larger funds tend to be more liquid and less likely to close.
- HYLS follows a long short strategy; CDX uses multi strategy.
- HYLS has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| HYLS | CDX | |
|---|---|---|
| Annual cost (TER) | 0.69% | 0.25% |
| Fund size (AUM) | $1.6B | $440M |
| Since | 2013 | 2022 |
| Dividend yield | 6.65% | 8.37% |
| Asset class | alternative | alternative |
| Region | — | north america |
| Strategy | long short | multi strategy |
| CAGR 1Y | +5.9% | -0.3% |
| CAGR 3Y | +7.9% | +7.8% |
| CAGR 5Y | +3.0% | N/A |
| Sharpe 3Y | 0.87 | 0.42 |
| Volatility 1Y | 3.56% | 5.69% |
| Max drawdown | -22.99% | -13.24% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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