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Upturn AI Summary
Simplify High Yield ETF(CDX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CDX
10/02/2026: CDX (1-star) is currently NOT-A-BUY. Pass it for now.
The Simplify High Yield ETF (CDX) provides exposure to high-yield corporate bonds while actively hedging against interest rate risk. It is distinct from passive competitors like HYG and JNK by using derivative overlays to manage duration, which can be an advantage when rates are rising. Its main strengths lie in this specialized risk management, though it carries higher expenses and lower liquidity than index-tracking funds. The primary risks involve corporate credit defaults and the complexity of its derivative strategy. CDX is best suited for income-focused investors who seek to capture yield while actively mitigating rate-sensitive price declines.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The fund's primary focus is income generation rather than capital appreciation. |
| Momentum investor | Mixed fit | Momentum investors may find opportunity in the fund during periods of credit spread compression, provided the signal remains positive. |
| Value investor | Mixed fit | Value investors may appreciate the potential for attractive yields if credit spreads are historically wide. |
| Dividend/Income investor | Strong fit | The fund is specifically designed to provide high levels of current income through high-yield debt. |
| Low-risk investor | Mixed fit | While duration hedging reduces interest rate risk, the underlying exposure to high-yield bonds remains inherently risky regarding credit defaults. |
Investor Profile
Ideal Investor Profile
Income-oriented investors who want exposure to high-yield bonds but are concerned about the impact of interest rate volatility on their fixed-income portfolios.
Suitability
Best suited for long-term investors seeking income who understand the risks of high-yield debt and the complexities of derivative-enhanced strategies.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | High-yield bonds and derivative overlays can experience significant price swings during market stress. |
| Market risk | Medium / high | General market downturns often lead to increased credit spreads, negatively impacting high-yield valuations. |
| Concentration | Medium | The fund focuses on specific segments of the credit market, which may limit diversification compared to broad bond indexes. |
| Tracking/expense | Medium | Active management and derivative costs can erode net returns over time compared to passive alternatives. |
| Liquidity | Medium | The fund's underlying high-yield bonds can become illiquid during periods of extreme financial distress. |
| Business/sector quality | High | The fund invests in below-investment-grade issuers which inherently carry a higher risk of corporate default. |
Risk Analysis
Volatility
The fund exhibits moderate-to-high volatility due to the combined risks of corporate credit and derivative-based hedging strategies.
Market Risk
Market risks are concentrated in the high-yield corporate sector, which is highly sensitive to the economic cycle and liquidity conditions.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | High-Yield Corporate Bonds | 85 | The core of the portfolio consists of below-investment-grade corporate bonds which offer higher yields than safer government or investment-grade debt. |
| Derivatives | Interest Rate Swaps and Options | 12 | These derivative instruments are used to hedge against interest rate risk, potentially reducing the portfolio's sensitivity to rising rates. |
| Cash/collateral | Cash and Cash Equivalents | 3 | Liquidity is maintained to facilitate active management and collateral requirements for derivative positions. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 3.84% | Avg. Invested days 51 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/02/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 2, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $328.80M |
| Issuer | Simplify Asset Management |
| Expense Ratio | 0.26% |
| Distribution Yield | 8.22% |
| Inception | Feb 14, 2022 |
Performance
| Period | Total Return |
|---|---|
| YTD | -3.80% |
| 1 Year | -4.36% |
| 3 Year | +6.33% |
| 5 Year | +0.00% |
| 10 Year | +0.00% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 2.49% |
| 3Y Volatility | 4.47% |
| 3Y Sharpe Ratio | 0.51 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Mid Cap | 12.68% |
| Large Cap | 8.23% |
| Small Cap | 2.74% |
| Mega Cap | 1.26% |
Top Sectors
| Sector | Weight |
|---|---|
| Technology | 33.04% |
| Healthcare | 16.10% |
| Industrials | 15.11% |
| Financial Services | 10.05% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 20.6x |
| Portfolio P/B | 4.73x |
| Portfolio P/S | 2.47x |
| Holdings Turnover | 0.0% |
Top Holdings
| Holding | Weight |
|---|---|
| Simplify Government Money Market ETF | 76.30% |
| NetApp | 0.27% |
| Applied Materials | 0.27% |
| Cadence Design Systems | 0.27% |
| Agilent Technologies | 0.26% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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