Simplify High Yield ETF (CDX) Performance
CDX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.1% since Dec 31, 2025
- 1 year
- −3.8% total return
- 3 years
- +7.0% a year
- Since first price
- +3.7% a year since 2022
CDX trailing returns vs AGG, TLT, SPY
| Period | CDX total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.3% | −0.3% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.5% | −2.4% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.9% | −5.5% | −1.5% | −3.8% | +7.8% |
| YTD | −3.1% | −8.5% | −1.0% | −3.4% | +12.3% |
| 1 year | −3.8% | −11.0% | −1.1% | −6.9% | +14.4% |
| 3 years | +22.4%+7.0%/yr | −5.7% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionFeb 15, 2022 | +18.4%+3.7%/yr | −18.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CDX vs AGG
From Feb 15, 2022: CDX grew to $11,840, AGG to $10,303.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CDX returns by calendar year
3 of 3 full years positive. Best 2023 (+12.7%), worst 2024 (+7.7%). 2026 is year to date.
CDX annual returns table
| Year | CDX | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −3.1% | −4.8% | −1.0% | −3.4% | +12.3% |
| 2025 | +9.5% | −8.9% | +7.2% | +4.3% | +17.7% |
| 2024 | +7.7% | −3.1% | +1.3% | −8.1% | +24.9% |
| 2023 | +12.7% | −4.2% | +5.7% | +2.8% | +26.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CDX largest drawdowns
Now 8.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 2, 2022 | −13.2% | Oct 20, 2022 | Nov 14, 2023 | 8 months | 1.7 years |
| Apr 9, 2025 | −9.0% | Jul 29, 2026 | not yet | 1.3 years | 1.5 years so far |
| Apr 2, 2025 | −6.7% | Apr 4, 2025 | Apr 9, 2025 | 2 days | 7 days |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
CDX risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +6.6% | +3.3% |
| Volatility (annualized) | 5.2% | 7.5% |
| Sharpe ratio | 0.42 | -0.05 |
| Sortino ratio | 0.69 | -0.07 |
| Best month | +4.1% | +6.6% |
| Worst month | −2.2% | −5.7% |
| Best 12 months | +18.0% | +18.0% |
| Worst 12 months | −4.9% | −9.0% |
| Positive months | 67% | 60% |
| Beta vs S&P 500 | 0.20 | — |
| Correlation with S&P 500 | 0.47 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CDX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 45 | −9.0% | +8.5% | +18.0% | 82% |
| 3-year (a year) | 21 | +5.3% | +7.9% | +11.1% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
CDX performance overview
Simplify High Yield ETF (CDX) returned −3.8% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +3.7% a year, turning $10,000 into about $11,840. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −13.2%, from Mar 2, 2022 to Oct 20, 2022, and it took 1.1 years to get back to the old high. CDX finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+12.7%) and the worst 2024 (+7.7%). Volatility has been 7.5% a year.
Related: CDX chart, CDX dividends, CDX bond profile. See the CDX overview for the latest quote and fund facts.
CDX performance FAQ
What is the CDX return over the past year?
CDX returned −3.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 11.0%.
How much would $10,000 invested in CDX be worth?
$10,000 invested in CDX at its first recorded close on February 15, 2022 would be worth about $11,840 on October 23, 2026 with distributions reinvested.
What was the worst year for CDX?
The worst calendar year was 2024, with a total return of +7.7%. The best was 2023 at +12.7%.
What is the biggest drawdown of CDX?
The largest peak-to-trough decline was −13.2% between March 2, 2022 and October 20, 2022. It recovered to the old high on November 14, 2023, 1.1 years after the bottom.
How volatile is CDX?
Over the past 3 years CDX had an annualized volatility of 5.2% and a Sharpe ratio of 0.42 (excess return over 1–3 month T-bills per unit of risk).