CDXvsSBILETF Comparison
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Simplify High Yield PLUS Credit Hedge ETF (CDX) belongs to the Alternatives segment. Simplify Government Money Market ETF (SBIL) is part of the Money Market Bonds segment. CDX's top 3 sector exposures are Sovereign, Government Agencies and Finance. In contrast, SBIL's top sector exposures are Government Agencies and Sovereign. CDX is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.15% for SBIL. CDX is down -2.24% year-to-date (YTD) with -$67M in YTD flows. SBIL performs better with 2.38% YTD performance, and +$421M in YTD flows. Run a side-by-side ETF comparison of CDX and SBIL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CDX vs SBIL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CDX SBIL | +0.53%+0.30% | -0.31%+0.90% | -2.24%+2.38% | -1.64%+3.73% | +21.88%n/a | n/an/a |
| Flows | CDX SBIL | -$17M-$147M | -$37M-$100M | -$67M+$421M | +$43M+$2.05B | +$355M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CDX SBIL | +4.23%+0.13% | +4.13%+0.12% | +5.02%n/a | n/an/a |
| Max drawdown | CDX SBIL | -2.50%n/a | -4.34%n/a | -4.34%n/a | n/an/a |
| Max drawdown duration | CDX SBIL | 76dn/a | 293dn/a | 293dn/a | n/an/a |
Trading data
CDX | SBIL | |
Last sale 9/2/2026 at 1:30 PM | $20.47 | $100.09 |
| Previous close 09/01/2026 | $20.59 | $100.06 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
CDX | SBIL | |
|---|---|---|
| Last price | $20.47 | $100.09 |
| 1D performance | -0.58% | +0.03% |
| AuM | $360.38 M | $4.82 B |
| E/R | 0.5% | 0.15% |
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Exposure
Countries
CDX
USA
80.93%
Other
19.07%
SBIL
USA
70.59%
Other
29.41%
Sectors
CDX
Sovereign
46.3%
Government Agenci.
33.65%
Other
20.05%
SBIL
Government Agenci.
45.9%
Sovereign
24.69%
Other
29.41%
Diversification
CDX
Total weight of top 15 holdings out of 15
43.37%
SBIL
Total weight of top 15 holdings out of 15
25.05%
Top 15 holdings
Data as of July 31, 2026
CDX
USA, Bills 0% 3dec2026, USD (182D)
9.96%
USA, Bills 0% 31dec2026, USD (182D)
7.65%
USA, Bills 0% 15oct2026, USD (182D)
5.55%
USA, Bills 0% 1sep2026, USD (119D)
5.05%
Freddie Mac, FRN 22sep2027, USD
2.13%
USA, Notes FRN 31jul2026, USD (BF-2026)
1.85%
USA, Notes FRN 31jul2027, USD (BF-2027)
1.48%
FHLB, 0% 7aug2026, USD (365D)
1.48%
FHLB, 0% 21aug2026, USD (365D)
1.47%
FHLB, 0% 27aug2026, USD (365D)
1.47%
FHLB, 0% 3sep2026, USD (365D)
1.18%
USA, Notes FRN 31oct2027, USD (BK-2027)
1.04%
FHLB, 0% 28aug2026, USD (365D)
1.03%
USA, Bills 0% 8oct2026, USD (182D)
1.03%
USA, Bills 0% 20oct2026, USD (119D)
1.02%
SBIL
Freddie Mac, FRN 22sep2027, USD
2.90%
USA, Notes FRN 31jul2026, USD (BF-2026)
2.52%
USA, Notes FRN 31jul2027, USD (BF-2027)
2.02%
FHLB, 0% 7aug2026, USD (365D)
2.01%
FHLB, 0% 21aug2026, USD (365D)
2.01%
FHLB, 0% 27aug2026, USD (365D)
2.01%
FHLB, 0% 3sep2026, USD (365D)
1.61%
USA, Notes FRN 31oct2027, USD (BK-2027)
1.41%
FHLB, 0% 28aug2026, USD (365D)
1.41%
USA, Bills 0% 8oct2026, USD (182D)
1.40%
USA, Notes FRN 30apr2027, USD (BB-2027)
1.27%
US313313F450
1.20%
US313589C353
1.13%
US313589B447
1.09%
FHLB, 0% 31jul2026, USD (365D)
1.06%
Frequently asked questions about CDX and SBIL
How have the CDX and SBIL ETFs performed in 2026?
As of August 31, 2026, CDX is down -2.24% year-to-date (YTD), while SBIL has returned 2.38%. That puts SBIL better performer ahead so far this year.
Which ETF is attracting more investor money: CDX or SBIL?
Year-to-date, the CDX ETF saw -$67M in flows, compared to +$421M for SBIL.
Which ETF is more volatile: CDX or SBIL?
Over the past year, CDX had a volatility of 4.13%, while SBIL experienced 0.12%.
Which ETF is bigger: CDX or SBIL?
As of August 31, 2026, CDX holds $360.38 M in assets under management (AUM), while SBIL manages $4.82 B.
What sectors do the CDX and SBIL ETFs invest in?
CDX leans toward sectors like Sovereign and Government Agencies. Meanwhile, SBIL focuses on Government Agencies and Sovereign.
What are the top holdings of the CDX ETF and SBIL ETF?
CDX top holdings include USA, Bills 0% 3dec2026, USD (182D), USA, Bills 0% 31dec2026, USD (182D) and USA, Bills 0% 15oct2026, USD (182D). SBIL holds in its top three: Freddie Mac, FRN 22sep2027, USD, USA, Notes FRN 31jul2026, USD (BF-2026) and USA, Notes FRN 31jul2027, USD (BF-2027).
Which ETF is more diversified: CDX or SBIL?
CDX holds 379 securities with 43.37% of its assets in the top 15. SBIL has 167 securities and a top 15 weight of 25.05%.
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