ATLASSimplify High Yield ETF (CDX): outlook, holdings and fees
Simplify High Yield ETF (CDX) is an exchange-traded fund and is managed by Simplify Asset Management. The expense ratio is 0.26% and the yield is 8.63%. The ten largest holdings are 76% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on CDX
| Last price | $20.22 (+0.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 61% |
| Likely 1-month range (50%) | $20.05 – $20.61 |
| Normal 1-day range (±1σ) | ±0.5% |
| Distribution yield | 8.63% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
CDX fund facts
| Issuer | Simplify Asset Management |
|---|---|
| Theme | High-yield bonds |
| Assets under management | $320M |
| Expense ratio | 0.26% |
| Number of holdings | 38 |
| Portfolio turnover | 0% |
| Inception | Feb 14, 2022 |
| Exchange | NYSE |
The adviser seeks to achieve the fund"s investment objective by investing in high yield bonds also known as "junk bonds" primarily by purchasing exchange traded funds and applying a credit hedge derivatives strategy to the fund"s investments. Under normal circumstances, the fund will invest at least 80% of its net assets in high yield securities. The fund may invest up to 20% of its portfolio in derivatives.
CDX top holdings
| Holding | Sector | Weight |
|---|---|---|
| Simplify Government Money Market ETF SBIL | – | 73.12% |
| Synopsys Inc SNPS | Technology | 0.30% |
| NetApp Inc NTAP | Technology | 0.29% |
| Cadence Design Systems Inc CDNS | Technology | 0.28% |
| Cboe Global Markets Inc CBOE | Financial Services | 0.28% |
| Cisco Systems Inc CSCO | Technology | 0.27% |
| Microsoft Corporation MSFT | Technology | 0.27% |
| Applied Materials Inc AMAT | Technology | 0.26% |
| Autodesk Inc ADSK | Technology | 0.26% |
| Gartner Inc IT | Technology | 0.26% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
CDX sector breakdown
| Sector | Weight |
|---|---|
| Technology | 33.5% |
| Healthcare | 16.0% |
| Industrials | 14.8% |
| Financial Services | 11.1% |
| Consumer Cyclicals | 5.9% |
| Energy | 5.8% |
| Basic Materials | 4.2% |
| Consumer Defensive | 3.0% |
| Communication Services | 2.9% |
| Real Estate | 1.8% |
| Utilities | 1.0% |
By region: North America 99.1%, Europe Developed 0.9%.
CDX returns and risk
| Year to date | -3.3% |
|---|---|
| 1 year | -3.4% |
| 3 years (annualised) | +6.6% |
| 5 years (annualised) | 0.0% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 4.7% |
| Sharpe ratio (3 years) | 0.45 |
Past returns do not guarantee future results.
CDX: frequently asked questions
What does CDX invest in?
Simplify High Yield ETF invests in a portfolio of securities. Its largest holdings are Simplify Government Money Market ETF (73.1%), Synopsys Inc (0.3%), NetApp Inc (0.3%), Cadence Design Systems Inc (0.3%), Cboe Global Markets Inc (0.3%).
What is the CDX expense ratio?
0.26% a year: about $26.00 for every $10,000 invested.
What is the CDX dividend yield?
8.63%. ATLAS does not hold the exact distribution dates for ETFs.
Will CDX go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 61%, with a likely range (50%) of $20.05 to $20.61 from $20.22 today. It is a probability, not a prediction.
How has CDX performed?
Year to date -3.3%, one year -3.4%, three years +6.6% a year, five years 0.0% a year. Past returns do not guarantee future results.
Similar ETFs: High-yield bonds
- Xtrackers USD High Yield Corporate Bond ETF (HYLB)
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- FlexShares High Yield Value-Scored Bond Index Fund (HYGV)
- Fidelity Enhanced High Yield ETF (FDHY)
- VanEck Emerging Markets High Yield Bond ETF (HYEM)
- ProShares High Yield—Interest Rate Hedged ETF (HYHG)
- Xtrackers Short Duration High Yield Bond ETF (SHYL)
- iShares € High Yield Corp Bond UCITS ETF (HYXU)
Educational information, not investment advice. Disclaimer