- ISIN
- US92647N8653
- CUSIP
- 92647N865
- Issuer
- Crestview
- Inception Date
- Jul 8, 2015
- Region
- North America (U.S.)
- Category
- Large Cap Value Equities, Dividend
- Leveraged
- 1x (No leverage)
- Index Tracked
- Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Value
- Assets Under Management
- $391M
Share Price Chart
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Performance
CDL Performance Chart
VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) is up 12.6% since the beginning of the year. CDL is currently trading at $76 per share. Investors who bought $1,000 worth of CDL shares 5 years ago would now be looking at an investment worth $1,616.
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Returns By Period
VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) has returned 12.64% so far this year and 20.35% over the past 12 months. Over the last ten years, CDL has returned 11.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
VictoryShares US Large Cap High Dividend Volatility Wtd ETF
- 1D
- 0.41%
- 1M
- -0.23%
- YTD
- 12.64%
- 6M
- 12.31%
- 1Y
- 20.35%
- 3Y*
- 15.41%
- 5Y*
- 10.07%
- 10Y*
- 11.19%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CDL Monthly Returns History
Based on dividend-adjusted daily data since Jul 8, 2015, CDL's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +13.4%, while the worst month was Mar 2020 at -18.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CDL closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +9.9%, while the worst single day was Mar 16, 2020 at -10.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.15% | 5.64% | -2.91% | 3.47% | -1.10% | 1.10% | 12.64% | ||||||
| 2025 | 2.73% | 3.40% | -0.77% | -4.74% | 1.06% | 1.89% | 1.41% | 2.98% | 0.91% | -1.96% | 3.17% | -1.07% | 9.04% |
| 2024 | -0.42% | 1.29% | 6.15% | -2.61% | 3.20% | -1.52% | 6.19% | 3.61% | 1.85% | -0.53% | 5.03% | -6.84% | 15.58% |
| 2023 | 4.67% | -3.81% | -2.46% | 0.79% | -6.28% | 4.98% | 4.32% | -3.34% | -4.08% | -2.64% | 6.99% | 5.01% | 3.03% |
| 2022 | 0.31% | -0.26% | 3.74% | -3.04% | 3.26% | -7.39% | 3.71% | -1.36% | -10.11% | 9.78% | 5.87% | -3.22% | -0.45% |
| 2021 | -0.16% | 6.97% | 9.25% | 3.92% | 2.46% | -2.26% | 1.28% | 2.37% | -2.42% | 3.10% | -1.94% | 7.42% | 33.42% |
Benchmark Metrics
VictoryShares US Large Cap High Dividend Volatility Wtd ETF has an annualized alpha of 2.02%, beta of 0.74, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since July 08, 2015.
- This ETF participated in 79.22% of S&P 500 Index downside but only 78.10% of its upside - more exposed to losses than it benefited from rallies.
- This ETF generated an annualized alpha of 2.02% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.02%
- Beta
- 0.74
- R²
- 0.63
- Upside Capture
- 78.10%
- Downside Capture
- 79.22%
Expense Ratio
CDL has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CDL ranks 67 for risk / return — better than 67% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CDL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 2.78 | +0.83 |
| Martin ratioReturn relative to average drawdown | 12.75 | 12.44 | +0.31 |
Dividends
Dividend History
VictoryShares US Large Cap High Dividend Volatility Wtd ETF provided a 3.16% dividend yield over the last twelve months, with an annual payout of $2.42 per share. The fund has been increasing its distributions for 10 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.42 | $2.29 | $2.14 | $2.11 | $1.95 | $1.59 | $1.56 | $1.54 | $1.37 | $1.30 | $1.19 | $0.44 |
Dividend yield | 3.16% | 3.33% | 3.27% | 3.61% | 3.31% | 2.60% | 3.32% | 3.04% | 3.32% | 2.87% | 2.97% | 1.28% |
Monthly Dividends
The table displays the monthly dividend distributions for VictoryShares US Large Cap High Dividend Volatility Wtd ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.14 | $0.26 | $0.22 | $0.11 | $0.29 | $1.06 | ||||||
| 2025 | $0.01 | $0.14 | $0.22 | $0.23 | $0.09 | $0.26 | $0.20 | $0.11 | $0.26 | $0.22 | $0.11 | $0.46 | $2.29 |
| 2024 | $0.04 | $0.11 | $0.27 | $0.17 | $0.07 | $0.23 | $0.15 | $0.14 | $0.26 | $0.16 | $0.12 | $0.43 | $2.14 |
| 2023 | $0.02 | $0.10 | $0.20 | $0.19 | $0.08 | $0.19 | $0.18 | $0.12 | $0.17 | $0.26 | $0.13 | $0.46 | $2.11 |
| 2022 | $0.02 | $0.07 | $0.23 | $0.19 | $0.05 | $0.18 | $0.16 | $0.12 | $0.22 | $0.15 | $0.11 | $0.45 | $1.95 |
| 2021 | $0.01 | $0.10 | $0.13 | $0.18 | $0.10 | $0.02 | $0.15 | $0.11 | $0.16 | $0.17 | $0.08 | $0.38 | $1.59 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VictoryShares US Large Cap High Dividend Volatility Wtd ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VictoryShares US Large Cap High Dividend Volatility Wtd ETF was 41.03%, occurring on Mar 23, 2020. Recovery took 206 trading sessions.
The current VictoryShares US Large Cap High Dividend Volatility Wtd ETF drawdown is 1.51%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.03%Mar 2020 | 2mo 2d | 9mo 27d | 11mo 29dJan 2020 - Jan 2021 |
Bear market2022 | -17.28%Oct 2022 | 5mo 24d | 1y 5mo | 1y 11moApr 2022 - Mar 2024 |
Rate-hike selloffLate 2018 | -15.22%Dec 2018 | 3mo 8d | 3mo 8d | 6mo 16dSep 2018 - Apr 2019 |
2025 selloff2025 | -12.87%Apr 2025 | 4mo 7d | 4mo 7d | 8mo 14dDec 2024 - Aug 2025 |
2016 pullback2016 | -9.66%Jan 2016 | 2mo 18d | 1mo 14d | 4mo 2dNov 2015 - Mar 2016 |
Drawdown Indicators
| CDL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.03% | -56.78% | +15.75% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -9.10% | +3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -12.87% | -18.90% | +6.03% |
Max Drawdown (5Y)Largest decline over 5 years | -17.28% | -25.43% | +8.15% |
Max Drawdown (10Y)Largest decline over 10 years | -41.03% | -33.92% | -7.11% |
Current DrawdownCurrent decline from peak | -1.51% | -1.80% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -10.71% | +6.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 2.03% | -0.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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