CDXvsTBLLETF Comparison
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Simplify High Yield PLUS Credit Hedge ETF (CDX) belongs to the Alternatives segment. Invesco Treasury Collateral ETF (TBLL) is part of the Money Market Bonds segment. CDX's top 3 sector exposures are Sovereign, Government Agencies and Finance. In contrast, TBLL's top sector exposures are Sovereign. CDX is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.08% for TBLL. CDX is down -2.24% year-to-date (YTD) with -$67M in YTD flows. TBLL performs better with 2.32% YTD performance, and +$597M in YTD flows. Run a side-by-side ETF comparison of CDX and TBLL 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 TBLL 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 TBLL | +0.53%+0.29% | -0.31%+0.89% | -2.24%+2.32% | -1.64%+3.70% | +21.88%+14.16% | n/a+18.96% |
| Flows | CDX TBLL | -$17M-$31M | -$37M+$262M | -$67M+$597M | +$43M+$652M | +$355M+$1.43B | -+$2.18B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CDX TBLL | +4.23%+0.15% | +4.13%+0.13% | +5.02%+0.18% | n/a+0.24% |
| Max drawdown | CDX TBLL | -2.50%n/a | -4.34%n/a | -4.34%n/a | n/a-0.24% |
| Max drawdown duration | CDX TBLL | 76dn/a | 293dn/a | 293dn/a | n/a303d |
Trading data
CDX | TBLL | |
Last sale 9/2/2026 at 1:30 PM | $20.47 | $105.65 |
| Previous close 09/01/2026 | $20.59 | $105.63 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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CDX
is actively managed and doesn’t replicate an indexCDX | TBLL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
CDX | TBLL | |
|---|---|---|
| Last price | $20.47 | $105.65 |
| 1D performance | -0.58% | +0.02% |
| AuM | $360.38 M | $2.85 B |
| E/R | 0.5% | 0.08% |
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Exposure
Countries
CDX
USA
80.93%
Other
19.07%
TBLL
USA
100%
Other
0%
Sectors
CDX
Sovereign
46.3%
Government Agenci.
33.65%
Other
20.05%
TBLL
Sovereign
100%
Other
0%
Diversification
CDX
Total weight of top 15 holdings out of 15
43.37%
TBLL
Total weight of top 15 holdings out of 15
31.21%
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%
TBLL
USA, Bills 0% 20aug2026, USD (182D)
4.10%
USA, Bills 0% 27aug2026, USD (182D)
2.61%
USA, Bills 0% 3sep2026, USD (364D)
2.38%
USA, Bills 0% 29oct2026, USD (364D)
2.29%
USA, Bills 0% 17sep2026, USD (182D)
1.97%
USA, Notes 1.5% 15aug2026, USD (E-2026)
1.90%
USA, Bills 0% 10sep2026, USD (182D)
1.81%
USA, Notes 0.75% 31aug2026, USD (AC-2026)
1.78%
USA, Bills 0% 11aug2026, USD (119D)
1.78%
USA, Bills 0% 18aug2026, USD (119D)
1.78%
USA, Bills 0% 27nov2026, USD (364D)
1.77%
USA, Bills 0% 8oct2026, USD (182D)
1.77%
USA, Bills 0% 15oct2026, USD (182D)
1.77%
USA, Bills 0% 22oct2026, USD (182D)
1.77%
USA, Bills 0% 15sep2026, USD (119D)
1.74%
Frequently asked questions about CDX and TBLL
How have the CDX and TBLL ETFs performed in 2026?
As of August 31, 2026, CDX is down -2.24% year-to-date (YTD), while TBLL has returned 2.32%. That puts TBLL better performer ahead so far this year.
Which ETF is attracting more investor money: CDX or TBLL?
Year-to-date, the CDX ETF saw -$67M in flows, compared to +$597M for TBLL.
Which ETF is more volatile: CDX or TBLL?
Over the past year, CDX had a volatility of 4.13%, while TBLL experienced 0.13%.
Which ETF is bigger: CDX or TBLL?
As of August 31, 2026, CDX holds $360.38 M in assets under management (AUM), while TBLL manages $2.85 B.
What sectors do the CDX and TBLL ETFs invest in?
CDX leans toward sectors like Sovereign and Government Agencies. Meanwhile, TBLL focuses on Sovereign.
What are the top holdings of the CDX ETF and TBLL ETF?
CDX top holdings include USA, Bills 0% 3dec2026, USD (182D), USA, Bills 0% 31dec2026, USD (182D) and USA, Bills 0% 15oct2026, USD (182D). TBLL holds in its top three: USA, Bills 0% 20aug2026, USD (182D), USA, Bills 0% 27aug2026, USD (182D) and USA, Bills 0% 3sep2026, USD (364D).
Which ETF is more diversified: CDX or TBLL?
CDX holds 379 securities with 43.37% of its assets in the top 15. TBLL has 87 securities and a top 15 weight of 31.21%.
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