(CDX) Simplify Exchange Traded - Ratings and Ratios

Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US82889N8305

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

News: Wall Street Journal | Benzinga | Yahoo Finance
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%)
What is the price of CDX shares?
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%.
Is Simplify Exchange Traded a good stock to buy?
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%.
Is CDX a buy, sell or hold?
Simplify Exchange Traded has no consensus analysts rating.
What are the forecasts for CDX share price target?
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%