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MSTI vs CDX

Madison Short-Term Strategic Income ETF vs Simplify High Yield ETF

MSTI

Madison Short-Term Strategic Income ETF

Madison Asset Management, LLC

Annual cost

0.36%

Fund size

$51M

CDX

Simplify High Yield ETF

Simplify Asset Management

Annual cost

0.25%

Fund size

$440M

Key differences

  • CDX costs 0.11% less per year.
  • CDX is significantly larger than MSTI — larger funds tend to be more liquid and less likely to close.
  • MSTI is classified as fixed income, while CDX is alternative — different risk/return profiles.
  • MSTI follows a index tracking strategy; CDX uses multi strategy.

Side-by-side comparison

MSTICDX
Annual cost (TER)0.36%0.25%
Fund size (AUM)$51M$440M
Since20232022
Dividend yield5.35%8.37%
Asset classfixed incomealternative
Regionnorth americanorth america
Strategyindex trackingmulti strategy
CAGR 1Y+4.6%-0.3%
CAGR 3YN/A+7.8%
CAGR 5YN/AN/A
Sharpe 3YN/A0.42
Volatility 1Y2.52%5.69%
Max drawdown-1.47%-13.24%

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

Similar to MSTI and CDX