CDX vs IVV
Simplify High Yield ETF vs iShares Core S&P 500 ETF
Which is better, CDX or IVV?
High Yield Bond against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CDX | IVV |
|---|---|---|
| Expense Ratio | 0.25% | 0.03%Best |
| AUM | $357M | $876.4B |
| Dividend Yield | 8.22% | 1.06% |
| Holdings | 229 | 508 |
| YTD Return | -4.12% | +12.98%Best |
| 1Y Return | -4.98% | +16.69%Best |
| 3Y Return (annualized) | +6.47% | +23.02%Best |
| 5Y Return (annualized) | - | +13.61% |
| Volatility (annualized) | 7.5%Best | 15.7% |
| Max Drawdown | -13.2%Best | -22.1% |
| $10,000 over 4.6 years | $11,673 | $18,301Best |
| Fund Family | Simplify Exchange Traded Funds | iShares by BlackRock (US) |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Blend |
| Inception | Feb 14, 2022 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 15, 2022 to Sep 28, 2026 (4.6 years).
CDX vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.6 years both funds cover.
CDX vs IVV Performance
Simplify High Yield ETF (CDX) is an ETF from Simplify Exchange Traded Funds and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year CDX returned -4.98% while IVV returned +16.69%. Year to date, CDX is down 4.12% versus a gain of 12.98% for IVV.
Over three years, CDX compounded at +6.47% per year against +23.02% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 7.5% for CDX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.2% for CDX and -22.1% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CDX charges 0.25% per year while IVV charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, CDX currently yields 8.22% against 1.06% for IVV.
Holdings Overlap
At least 37.9% of IVV's money is in holdings CDX also owns.
Only one direction is shown: for CDX, our book for it lists positions totalling 120.6% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
The two portfolios partly overlap.
105 positions in common, counted across the 209 positions we hold weights for in CDX and 490 in IVV, against full books of 229 and 508.
Top Shared Holdings
| Stock | Weight in CDX | Weight in IVV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 0.22% | 7.02% | 6.80% |
| MSFTMicrosoft Corp | 0.28% | 5.69% | 5.41% |
| GOOGLAlphabet Inc,class A | 0.10% | 3.00% | 2.90% |
| AVGOBroadcom Inc | 0.20% | 2.65% | 2.45% |
| GOOGAlphabet Inc | 0.10% | 2.39% | 2.29% |
| METAMeta Platforms Inc | 0.21% | 1.90% | 1.69% |
| VVisa Inc Class A | 0.24% | 0.95% | 0.71% |
| MAMastercard Inc | 0.25% | 0.72% | 0.47% |
| ABBVAbbvie Inc. | 0.22% | 0.68% | 0.46% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.19% | 0.66% | 0.47% |
37.9% of IVV is already inside CDX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CDX or IVV?
CDX has an expense ratio of 0.25% while IVV charges 0.03%. IVV is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, CDX or IVV?
Over the past year CDX returned -4.98% vs +16.69% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CDX or IVV?
IVV has been the more volatile fund at 15.7% annualized versus 7.5% for CDX. Worst drawdown: CDX -13.2% vs IVV -22.1%.
Should I hold both CDX and IVV?
CDX and IVV have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CDX and IVV?
At least 37.9% of IVV's money is in holdings CDX also owns. Our book for CDX is partial, so the real figure is this or higher. They hold 105 positions in common, counted across the 209 positions we hold weights for in CDX and 490 in IVV.
Which pays a higher dividend, CDX or IVV?
CDX yields 8.22% while IVV yields 1.06%, so CDX currently pays the higher dividend yield.
Is IVV better than CDX?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.