(CDX) Simplify Exchange Traded - Overview
Etf: High-Yield Bonds, ETF, Derivatives, Credit Hedge
Dividends
| Dividend Yield | 7.48% |
| Yield on Cost 5y | 9.39% |
| Yield CAGR 5y | -0.12% |
| Payout Consistency | 85.3% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 7.23% |
| Relative Tail Risk | -1.71% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.11 |
| Alpha | -5.02 |
| Character TTM | |
|---|---|
| Beta | 0.542 |
| Beta Downside | 0.627 |
| Drawdowns 3y | |
|---|---|
| Max DD | 8.88% |
| CAGR/Max DD | 1.07 |
Description: CDX Simplify Exchange Traded January 02, 2026
The Simplify Exchange Traded Fund (NYSE ARCA: CDX) targets high-yield (“junk”) bonds, allocating at least 80 % of net assets to these securities while using up to 20 % of the portfolio for credit-hedge derivatives to manage default risk.
As of the latest filing, CDX carries an expense ratio of roughly 0.30 % and manages about $1.2 billion in assets, with an average portfolio yield near 6.5 % and a weighted-average spread of ~350 bps over U.S. Treasuries, indicating a relatively aggressive credit stance.
Key drivers for CDX’s performance include the Federal Reserve’s policy path (higher rates compress high-yield spreads), the U.S. economic slowdown risk that can raise default rates, and sector concentration in energy and consumer discretionary, which historically dominate the high-yield market.
For a deeper, data-rich analysis of CDX’s risk-adjusted returns, you might find ValueRay’s toolkit useful for independent verification.
What is the price of CDX shares?
Over the past week, the price has changed by -0.88%, over one month by -0.33%, over three months by -1.52% and over the past year by +4.72%.
Is CDX a buy, sell or hold?
What are the forecasts/targets for the CDX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 25.2 | 14.8% |
CDX Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 486.1m USD (486.1m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 486.1m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 486.1m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 7.91% (E(486.1m)/V(486.1m) * Re(7.91%) + (debt-free company))
Discount Rate = 7.91% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)