CDX vs VOO
CDX vs VOO
Simplify High Yield ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CDX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $377M | $979.0B | |
| Dividend Yield | 8.31% | 1.09% | |
| Holdings | 227 | 509 | |
| YTD Return | -1.94% | +13.80% | |
| 1Y Return | -3.14% | +23.71% | |
| 3Y Return (annualized) | +7.23% | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 7.5% | 14.1% | |
| Max Drawdown | -13.2% | -34.3% | |
| Fund Family | Simplify Exchange Traded Funds | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 14, 2022 | Sep 7, 2010 |
CDX vs VOO Performance
Simplify High Yield ETF (CDX) is a ETF from Simplify Exchange Traded Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CDX returned -3.14% while VOO returned +23.71%. Year to date, CDX is down 1.94% versus a gain of 13.80% for VOO.
Over three years, CDX compounded at +7.23% per year against +21.50% for VOO. Across the full 5-year window we track, VOO has the edge at +13.58% annualized vs +4.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CDX charges 0.25% per year while VOO 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 8.31% against 1.09% for VOO.
Holdings Overlap
CDX and VOO share 46 holdings out of 615 unique holdings combined, representing a 4.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CDX | Weight in VOO | Difference |
|---|---|---|---|
| META | 0.28% | 1.92% | 1.64% |
| JNJ | 0.27% | 0.95% | 0.68% |
| LRCX | 0.23% | 0.84% | 0.61% |
| PM | Pro | Pro | Pro |
| IBM | Pro | Pro | Pro |
| ABT | Pro | Pro | Pro |
| DELL | Pro | Pro | Pro |
| TT | Pro | Pro | Pro |
| BKNG | Pro | Pro | Pro |
| SBUX | Pro | Pro | Pro |
See all 10 holdings CDX shares with VOO Exact weights in each fund and the difference, for every overlapping position. X-ray my whole portfolio$99/yr Pro · 7-day refund | |||
Frequently Asked Questions
Which is cheaper, CDX or VOO?
CDX has an expense ratio of 0.25% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, CDX or VOO?
Over the past year CDX returned -3.14% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), CDX annualized +4.05% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, CDX or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 7.5% for CDX. Worst drawdown: CDX -13.2% vs VOO -34.3%.
Should I hold both CDX and VOO?
CDX and VOO have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CDX and VOO?
CDX and VOO share 46 common holdings with a 4.5% weight overlap. Combined, they hold 615 unique securities.
Which pays a higher dividend, CDX or VOO?
CDX yields 8.31% while VOO yields 1.09%, so CDX currently pays the higher dividend yield.
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