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NMB vs CDX

Simplify National Muni Bond ETF vs Simplify High Yield ETF

NMB

Simplify National Muni Bond ETF

Simplify Asset Management

Annual cost

0.52%

Fund size

$46M

CDX

Simplify High Yield ETF

Simplify Asset Management

Annual cost

0.25%

Fund size

$440M

Key differences

  • CDX costs 0.27% less per year.
  • CDX is significantly larger than NMB — larger funds tend to be more liquid and less likely to close.
  • NMB is classified as fixed income, while CDX is alternative — different risk/return profiles.
  • NMB follows a active selection strategy; CDX uses multi strategy.

Side-by-side comparison

NMBCDX
Annual cost (TER)0.52%0.25%
Fund size (AUM)$46M$440M
Since20242022
Dividend yield5.60%8.37%
Asset classfixed incomealternative
Regionnorth americanorth america
Strategyactive selectionmulti strategy
CAGR 1Y+3.0%-0.3%
CAGR 3YN/A+7.8%
CAGR 5YN/AN/A
Sharpe 3YN/A0.42
Volatility 1Y8.41%5.69%
Max drawdown-13.69%-13.24%

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

Similar to NMB and CDX