- ISIN
- US92647N7820
- CUSIP
- 92647N782
- Issuer
- VictoryShares
- Inception Date
- Jul 2, 2014
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Nasdaq Victory U.S. Large Cap 500 Long/Cash Volatility Weighted Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $406M
Share Price Chart
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Performance
CFO Performance Chart
VictoryShares US 500 Enhanced Volatility Weighted ETF (CFO) is up 6.7% since the beginning of the year. CFO is currently trading at $78 per share. Investors who bought $1,000 worth of CFO shares 5 years ago would now be looking at an investment worth $1,210.
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Returns By Period
VictoryShares US 500 Enhanced Volatility Weighted ETF (CFO) has returned 6.66% so far this year and 13.59% over the past 12 months. Over the last ten years, CFO has returned 9.36% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
VictoryShares US 500 Enhanced Volatility Weighted ETF
- 1D
- -0.30%
- 1M
- 1.87%
- YTD
- 6.66%
- 6M
- 6.96%
- 1Y
- 13.59%
- 3Y*
- 10.44%
- 5Y*
- 3.88%
- 10Y*
- 9.36%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
CFO Monthly Returns History
Based on dividend-adjusted daily data since Jul 2, 2014, CFO's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +11.1%, while the worst month was Dec 2018 at -9.9%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CFO closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +7.1%, while the worst single day was Apr 4, 2025 at -5.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.00% | 3.30% | -5.28% | 4.87% | 0.74% | 0.19% | 6.66% | ||||||
| 2025 | 3.93% | -0.78% | -3.27% | -2.48% | 4.21% | 2.76% | 0.62% | 2.33% | 0.87% | -1.15% | 1.71% | -0.15% | 8.60% |
| 2024 | 0.41% | 4.62% | 4.07% | -4.53% | 2.87% | -0.47% | 4.12% | 2.69% | 1.93% | -0.97% | 7.11% | -6.60% | 15.37% |
| 2023 | 1.50% | -3.81% | 0.01% | 0.46% | -3.74% | 2.65% | 2.83% | -2.18% | -4.42% | -3.41% | 2.67% | 4.34% | -3.56% |
| 2022 | -5.56% | -1.64% | 2.81% | -6.40% | 0.44% | -7.54% | 3.09% | -0.68% | -2.10% | 4.25% | 3.53% | -4.78% | -14.46% |
| 2021 | -1.43% | 3.56% | 5.66% | 4.99% | 1.08% | 0.32% | 2.46% | 2.39% | -4.66% | 5.58% | -2.27% | 6.34% | 26.02% |
Benchmark Metrics
VictoryShares US 500 Enhanced Volatility Weighted ETF has an annualized alpha of 0.92%, beta of 0.65, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since July 03, 2014.
- This ETF participated in 84.02% of S&P 500 Index downside but only 74.37% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.65 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.92%
- Beta
- 0.65
- R²
- 0.73
- Upside Capture
- 74.37%
- Downside Capture
- 84.02%
Expense Ratio
CFO has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CFO ranks 38 for risk / return — below 38% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VictoryShares US 500 Enhanced Volatility Weighted ETF (CFO) and compare them to S&P 500 Index.
| CFO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.41 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.93 | -1.01 |
| Martin ratioReturn relative to average drawdown | 7.10 | 13.52 | -6.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
VictoryShares US 500 Enhanced Volatility Weighted ETF provided a 1.24% dividend yield over the last twelve months, with an annual payout of $0.97 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.97 | $0.97 | $0.99 | $1.04 | $2.53 | $0.82 | $0.56 | $0.76 | $0.65 | $0.57 | $0.54 | $0.47 |
Dividend yield | 1.24% | 1.32% | 1.44% | 1.72% | 3.95% | 1.06% | 0.90% | 1.44% | 1.49% | 1.18% | 1.35% | 1.31% |
Monthly Dividends
The table displays the monthly dividend distributions for VictoryShares US 500 Enhanced Volatility Weighted 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 | $0.11 | $0.04 | $0.12 | $0.08 | $0.03 | $0.00 | $0.38 | ||||||
| 2025 | $0.11 | $0.05 | $0.10 | $0.10 | $0.03 | $0.11 | $0.09 | $0.04 | $0.12 | $0.09 | $0.04 | $0.11 | $0.97 |
| 2024 | $0.20 | $0.04 | $0.12 | $0.06 | $0.03 | $0.11 | $0.06 | $0.04 | $0.12 | $0.07 | $0.04 | $0.09 | $0.99 |
| 2023 | $0.00 | $0.08 | $0.12 | $0.09 | $0.03 | $0.12 | $0.17 | $0.08 | $0.09 | $0.11 | $0.07 | $0.10 | $1.04 |
| 2022 | $0.01 | $0.03 | $0.13 | $0.09 | $0.02 | $0.01 | $0.12 | $0.05 | $0.11 | $0.10 | $0.10 | $1.75 | $2.53 |
| 2021 | $0.00 | $0.04 | $0.07 | $0.07 | $0.04 | $0.06 | $0.08 | $0.04 | $0.08 | $0.08 | $0.04 | $0.22 | $0.82 |
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 500 Enhanced Volatility Weighted 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 500 Enhanced Volatility Weighted ETF was 24.35%, occurring on Oct 27, 2023. Recovery took 261 trading sessions.
The current VictoryShares US 500 Enhanced Volatility Weighted ETF drawdown is 0.30%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -24.35%Oct 2023 | 1y 9mo | 1y 16d | 2y 10moJan 2022 - Nov 2024 |
Rate-hike selloffLate 2018 | -20.79%Dec 2018 | 3mo 1d | 11mo 7d | 1y 2moSep 2018 - Nov 2019 |
2025 selloff2025 | -17.25%Apr 2025 | 4mo 7d | 4mo 16d | 8mo 23dDec 2024 - Aug 2025 |
COVID crash2020 | -16.57%Mar 2020 | 1mo 2d | 4mo 15d | 5mo 17dFeb 2020 - Aug 2020 |
2016 correction2016 | -14.37%Feb 2016 | 7mo 22d | 2mo 16d | 10mo 8dJun 2015 - Apr 2016 |
Drawdown Indicators
| CFO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.35% | -56.78% | +32.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -9.10% | +2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -17.25% | -18.90% | +1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -24.35% | -25.43% | +1.08% |
Max Drawdown (10Y)Largest decline over 10 years | -24.35% | -33.92% | +9.57% |
Current DrawdownCurrent decline from peak | -0.30% | -0.74% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -10.72% | +5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.97% | -0.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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