(CDX) Simplify Exchange Traded - Ratings and Ratios
HighYieldBonds, CreditDerivatives, ExchangeTradedFunds
Description: CDX Simplify Exchange Traded
The Simplify Exchange Traded Funds (CDX) is a high-yield bond ETF that aims to achieve its investment objective by investing in high-yield bonds, also known as junk bonds, primarily through the purchase of exchange-traded funds and applying a credit hedge derivatives strategy. This approach allows the fund to potentially mitigate risks associated with high-yield investments.
The funds investment strategy is centered around allocating at least 80% of its net assets to high-yield securities, indicating a significant exposure to this asset class. The remaining 20% can be invested in derivatives, which can be used to hedge against potential losses or to speculate on market movements. Key Performance Indicators (KPIs) to monitor for this fund include the yield to maturity, average credit quality, and the funds expense ratio.
From a risk management perspective, its essential to track the funds credit risk, interest rate risk, and liquidity risk. The credit hedge derivatives strategy employed by the fund can help mitigate credit risk, but its crucial to monitor the effectiveness of this strategy. Additionally, the funds AUM of $252.84M USD indicates a relatively modest size, which can impact liquidity. Other relevant KPIs include the funds tracking error, Sharpe ratio, and the average duration of its holdings.
To evaluate the funds performance, investors should consider its returns relative to its benchmark, as well as its risk-adjusted returns. The funds yield and distribution coverage are also important metrics to assess its income generation capabilities. By analyzing these KPIs, investors can gain a more comprehensive understanding of the funds strengths and weaknesses and make informed investment decisions.
Additional Sources for CDX ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
CDX ETF Overview
Market Cap in USD | 253m |
Category | High Yield Bond |
TER | 0.26% |
IPO / Inception | 2022-02-14 |
CDX ETF Ratings
Growth Rating | 53.0 |
Fundamental | - |
Dividend Rating | 86.9 |
Rel. Strength | 15.2 |
Analysts | - |
Fair Price Momentum | 24.72 USD |
Fair Price DCF | - |
CDX Dividends
Dividend Yield 12m | 12.12% |
Yield on Cost 5y | 14.22% |
Annual Growth 5y | 19.59% |
Payout Consistency | 92.7% |
Payout Ratio | % |
CDX Growth Ratios
Growth Correlation 3m | 85.4% |
Growth Correlation 12m | 87.9% |
Growth Correlation 5y | 89.7% |
CAGR 5y | 5.63% |
CAGR/Max DD 5y | 0.43 |
Sharpe Ratio 12m | 0.45 |
Alpha | 3.12 |
Beta | 0.334 |
Volatility | 7.63% |
Current Volume | 176.5k |
Average Volume 20d | 183.1k |
Stop Loss | 22.2 (-2.8%) |
As of July 16, 2025, the stock is trading at USD 22.85 with a total of 176,472 shares traded.
Over the past week, the price has changed by -0.57%, over one month by -0.53%, over three months by +1.74% and over the past year by +9.98%.
Partly, yes. Based on ValueRay´s Analyses, Simplify Exchange Traded (NYSE ARCA:CDX) is currently (July 2025) ok to buy, but has to be watched. It has a Growth Technical Rating of 53.00 and therefor an somewhat technical positive rating according to historical growth.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CDX is around 24.72 USD . This means that CDX is currently overvalued and has a potential downside of 8.18%.
Simplify Exchange Traded has no consensus analysts rating.
According to our own proprietary Forecast Model, CDX Simplify Exchange Traded will be worth about 27.1 in July 2026. The stock is currently trading at 22.85. This means that the stock has a potential upside of +18.6%.
Issuer | Target | Up/Down from current |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 27.1 | 18.6% |