(CDX) Simplify High Yield - Overview
ETF Category: High Yield Bond | Exchange: NYSE (USA) | Market Cap: 411m USD | Total Return: -1.6% in 12m
Avg Turnover: 2.62M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The Simplify High Yield ETF (CDX) is an actively managed fund focused on the high-yield bond market, commonly referred to as junk bonds. These securities are issued by companies with credit ratings below investment grade, typically offering higher interest rates to compensate for increased default risk. The fund maintains a core position of at least 80% in high-yield assets, primarily through other exchange-traded funds.
To manage downside risk, the adviser utilizes a credit hedge derivatives strategy, which may comprise up to 20% of the portfolio. This approach aims to mitigate the volatility inherent in the high-yield sector, where prices are sensitive to both interest rate shifts and corporate credit cycles. Investors can find deeper analysis of these hedging mechanics on ValueRay. Since its inception in early 2022, the fund has operated within the small-cap ETF space with a current market capitalization of approximately $411 million.
- Credit spread compression increases underlying high yield bond valuations
- Federal Reserve interest rate policy shifts drive net asset value volatility
- Credit default swap hedge performance mitigates downside during market stress
- High yield issuer default rates impact underlying ETF constituent pricing
As of June 07, 2026, the stock is trading at USD 21.09 with a total of 238,593 shares traded.
Over the past week, the price has changed by -0.26%,
over one month by -0.63%,
over three months by -1.54% and
over the past year by -1.55%.
Simplify High Yield has no consensus analysts rating.