CDX Simplify High Yield ETF
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Simplify High Yield ETF (CDX) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2022-02-14
- Has Options
- No
- Expense ratio
- 0.25% prospectus, filed Oct 31, 2025
- Assets
- $394M SEC filing, Jun 30, 2026
- Trailing yield
- 8.26% paid monthly
- Average daily volume
- $2.5M 30 sessions
- Holdings
- 15 top 10 are 100.4%
- Listed
- Feb 14, 2022 NYSE Arca
- Last fee change
- -1 bp filed Oct 28, 2024
Moves with. Long Treasuries (12% of its variance, beta 0.26); Developed markets ex-US over US (6% of its variance, beta 0.13); Emerging markets over US (5% of its variance, beta 0.05); US large-cap stocks (5% of its variance, beta 0.06). These factors explain 32% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. Investment Objective: Simplify High Yield ETF (the Fund or CDX) seeks to maximize total return. (from the fund's prospectus)
All 15 holdingsFlow historyOverlap toolAll High Yield Bond ETFs
- Jun 2026
- −$11M latest reported month
- Latest 3 months
- −$59M −15.0% of assets
- Latest 12 months
- +$190M +48.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | −$11M |
| May 2026 | −$29M |
| Apr 2026 | −$20M |
| Mar 2026 | −$16M |
| Feb 2026 | +$6.6M |
| Jan 2026 | +$27M |
| Dec 2025 | −$1.1M |
| Nov 2025 | +$58M |
| Oct 2025 | +$24M |
| Sep 2025 | +$30M |
| Aug 2025 | +$56M |
| Jul 2025 | +$65M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 54 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| USHYiShares Broad USD High Yield Corporate Bond ETF | — | 0.08% | $25.8B | −5.5% | compare |
| HYGiShares iBoxx $ High Yield Corporate Bond ETF | — | 0.49% | $16.5B | −4.8% | compare |
| SPHYState Street SPDR Portfolio High Yield Bond ETF | — | 0.05% | $11.7B | −5.6% | compare |
| SHYGiShares 0-5 Year High Yield Corporate Bond ETF | — | 0.30% | $7.6B | −4.7% | compare |
| JNKState Street SPDR Bloomberg High Yield Bond ETF | — | 0.40% | $5.5B | −5.2% | compare |
The largest other funds in the High Yield Bond category.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | SBILSIMPLIFY EXCHANGE TRADED FUNDS | — | 49.75% | — |
1 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 71.6%. Full holdings and history
- Authorized participants
- 5 active of 16 with agreements; top 3 did 89%
- Created · redeemed
- $303M · $113M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 25,000 shares
- Securities lending
- not authorized
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-25 | 2026-09-30 | $0.1300 | CD |
| 2026-08-26 | 2026-08-31 | $0.1300 | CD |
| 2026-07-28 | 2026-07-31 | $0.1300 | CD |
| 2026-06-25 | 2026-06-30 | $0.1300 | CD |
| 2026-05-26 | 2026-05-29 | $0.1200 | CD |
| 2026-04-27 | 2026-04-30 | $0.1400 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| SBIL | SIMPLIFY EXCHANGE TRADED FUNDS | 49.75% | Equity (common) | US |
| TUA | Simplify Exchange Traded Funds | 24.85% | Equity (common) | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 8.19% | Debt | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 5.93% | Debt | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 5.20% | Debt | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 4.68% | Debt | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 1.52% | Debt | US |
| — | DREYFUS TRSY OBLIG CASH M | 0.34% | Short-term investment | US |
| — | UBS SECURITIES LLC | 0.32% | Derivative (equity) | US |
| — | NOMURA INTERNATIONAL PLC | -0.06% | Derivative (equity) | GB |
| — | MORGAN STANLEY & CO. LLC | -0.08% | Derivative (equity) | US |
| — | CITIBANK, NATIONAL ASSOCIATION | -0.08% | Derivative (equity) | US |
| — | UBS SECURITIES LLC | -0.60% | Derivative (equity) | US |
| — | GOLDMAN SACHS & CO. LLC | -0.71% | Derivative (credit) | US |
| — | GOLDMAN SACHS & CO. LLC | -1.13% | Derivative (credit) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| US Treasury | 25.51% | $100.4M | 5 |
| Short-term investment | 0.34% | $1.4M | 1 |
| Derivative (equity) | -0.49% | $-1945742 | 5 |
| Derivative (credit) | -1.84% | $-7247227 | 2 |
| Month | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|
| Jan | -- | 0.64% | 0.49% | 1.59% | -0.29% | 0.61% |
| Feb | 0.96% | -3.14% | -0.31% | 2.05% | -0.66% | -0.22% |
| Mar | -2.47% | 4.28% | -0.50% | -1.04% | -2.51% | -0.45% |
| Apr | -4.22% | 0.52% | 0.22% | -0.48% | -0.06% | -0.80% |
| May | 1.20% | -0.49% | -0.48% | 0.52% | -0.94% | -0.04% |
| Jun | -5.34% | -0.64% | 1.17% | 0.56% | 0.48% | -0.75% |
| Jul | 5.06% | -0.14% | 0.65% | -0.65% | -1.39% | 0.71% |
| Aug | -5.40% | 0.74% | 1.71% | -1.17% | -0.14% | -0.85% |
| Sep | -2.56% | -1.41% | -0.18% | 0.26% | -2.04% | -1.19% |
| Oct | -0.58% | 0.50% | -3.34% | -0.74% | 0.79%* | -0.67% |
| Nov | 2.77% | 2.80% | 0.47% | -0.31% | -- | 1.43% |
| Dec | -5.57% | 0.97% | -5.99% | -0.71% | -- | -2.83% |
| Total | -15.58% | 4.53% | -6.16% | -0.18% | -6.61% | -4.80% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Technical indicators are neutral, with a bearish MACD signal but a low RSI reading
- Volatility is low, indicating a stable market environment
- No recent news headlines available to impact the stock price
Primary Risks:
- Potential for a bearish breakout if the MACD signal continues to decline
- Low volatility may lead to consolidation rather than significant price movements
Investment Thesis: CDX appears to be in a neutral phase, with neither bullish nor bearish momentum driving the stock. The low volatility suggests a stable market environment, but the absence of recent news headlines makes it challenging to make a confident investment decision.
Recent News Sentiment Impact: N/A (No recent news available)
Technical Analysis
Trend Direction: Short-term: NEUTRAL, Medium-term: BEARISH, Long-term: NEUTRAL
Support/Resistance Levels: SMA 20 ($20.71) and SMA 50 ($20.78) serve as short-term support levels.
Momentum Signals:
- RSI (14): 40.96 (neutral)
- MACD signal: -0.07 (bearish)
- Bollinger Bands: Neutral, with the price trading within the middle band
Volume Analysis: Low volume and a negative OBV indicate bearish sentiment.
News & Sentiment Analysis
Recent Headlines Summary: N/A (No recent news available)
Sentiment Assessment: N/A (No recent news available)
Catalyst Identification: None identified
Market Narrative: The lack of recent news headlines makes it challenging to determine a clear market narrative. However, the neutral technical signals suggest that CDX may be consolidating before resuming its trend.
Risk & Volatility Assessment
Beta Interpretation: 0.18 (low volatility)
Volatility Regime: Low volatility regime
Options Market Signals: N/A (No options data available)
Downside Protection: SMA 20 ($20.71) and SMA 50 ($20.78) serve as short-term support levels.
Market Context & Positioning
Sector Performance: CDX is underperforming its sector peers.
Institutional Activity: Low institutional interest, with a negative OBV indicating bearish sentiment.
Correlation Analysis: 0.36 (correlated with the market)
Relative Valuation: Neutral, trading within its historical range.
Key Levels & Action Items
- Critical Price Levels: SMA 20 ($20.71) and SMA 50 ($20.78)
- Breakout/Breakdown Levels: None identified
- Time-Sensitive Catalysts: Earnings release (no date available)
- Risk Management: Consider a stop-loss at the SMA 20 or SMA 50 levels.
By analyzing CDX's technical indicators, news sentiment, and risk metrics, it appears to be in a neutral phase. The absence of recent news headlines makes it challenging to make a confident investment decision. However, the low volatility and stable market environment suggest that CDX may be consolidating before resuming its trend. Further analysis is required to determine the direction of the stock price.
CDX Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Low volatility - stock moves less than market
CDX Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
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