CDC vs. DIVZ
Compare and contrast key facts about VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) and Opal Dividend Income ETF (DIVZ).
CDC and DIVZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CDC is a passively managed fund by Crestview that tracks the performance of the Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index. It was launched on Jul 2, 2014. DIVZ is an actively managed fund by TrueShares. It was launched on Jan 27, 2021.
Performance
CDC vs. DIVZ - Performance Comparison
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CDC vs. DIVZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 9.03% | 8.96% | 14.48% | -4.99% | -7.86% | 31.17% |
DIVZ Opal Dividend Income ETF | 3.04% | 16.72% | 18.44% | -0.51% | 3.51% | 19.74% |
Returns By Period
In the year-to-date period, CDC achieves a 9.03% return, which is significantly higher than DIVZ's 3.04% return.
CDC
- 1D
- 0.77%
- 1M
- -2.88%
- YTD
- 9.03%
- 6M
- 8.89%
- 1Y
- 12.52%
- 3Y*
- 9.63%
- 5Y*
- 6.27%
- 10Y*
- 10.00%
DIVZ
- 1D
- 0.18%
- 1M
- -4.56%
- YTD
- 3.04%
- 6M
- 3.75%
- 1Y
- 12.65%
- 3Y*
- 13.65%
- 5Y*
- 9.87%
- 10Y*
- —
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CDC vs. DIVZ - Expense Ratio Comparison
CDC has a 0.37% expense ratio, which is lower than DIVZ's 0.65% expense ratio.
Return for Risk
CDC vs. DIVZ — Risk / Return Rank
CDC
DIVZ
CDC vs. DIVZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) and Opal Dividend Income ETF (DIVZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CDC | DIVZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.06 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.47 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.58 | -0.35 |
Martin ratioReturn relative to average drawdown | 4.90 | 6.66 | -1.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CDC | DIVZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.06 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.79 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.92 | -0.17 |
Correlation
The correlation between CDC and DIVZ is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CDC vs. DIVZ - Dividend Comparison
CDC's dividend yield for the trailing twelve months is around 3.19%, more than DIVZ's 2.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 3.19% | 3.36% | 3.32% | 4.24% | 3.48% | 2.65% | 2.48% | 3.04% | 3.37% | 2.81% | 2.99% | 3.17% |
DIVZ Opal Dividend Income ETF | 2.68% | 2.60% | 2.63% | 3.66% | 3.23% | 3.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CDC vs. DIVZ - Drawdown Comparison
The maximum CDC drawdown since its inception was -21.37%, which is greater than DIVZ's maximum drawdown of -15.42%. Use the drawdown chart below to compare losses from any high point for CDC and DIVZ.
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Drawdown Indicators
| CDC | DIVZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.37% | -15.42% | -5.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.27% | -8.47% | -2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.37% | -15.42% | -5.95% |
Max Drawdown (10Y)Largest decline over 10 years | -21.37% | — | — |
Current DrawdownCurrent decline from peak | -3.07% | -4.56% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -3.47% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.06% | +0.78% |
Volatility
CDC vs. DIVZ - Volatility Comparison
VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) has a higher volatility of 2.97% compared to Opal Dividend Income ETF (DIVZ) at 2.80%. This indicates that CDC's price experiences larger fluctuations and is considered to be riskier than DIVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDC | DIVZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 2.80% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.03% | 6.57% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.63% | 12.04% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.56% | 12.58% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.22% | 12.61% | +0.61% |