CDC vs. FHLC
Compare and contrast key facts about VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) and Fidelity MSCI Health Care Index ETF (FHLC).
CDC and FHLC 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. FHLC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Health Care Index. It was launched on Oct 21, 2013. Both CDC and FHLC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CDC or FHLC.
Key characteristics
| CDC | FHLC | |
|---|---|---|
| YTD Return | 19.84% | 11.28% |
| 1Y Return | 23.29% | 22.71% |
| 3Y Return (Ann) | 2.72% | 3.70% |
| 5Y Return (Ann) | 10.26% | 10.70% |
| 10Y Return (Ann) | 9.74% | 10.01% |
| Sharpe Ratio | 2.33 | 2.15 |
| Sortino Ratio | 3.27 | 3.00 |
| Omega Ratio | 1.43 | 1.39 |
| Calmar Ratio | 1.15 | 1.86 |
| Martin Ratio | 14.05 | 9.85 |
| Ulcer Index | 1.68% | 2.36% |
| Daily Std Dev | 10.14% | 10.87% |
| Max Drawdown | -21.37% | -28.76% |
| Current Drawdown | -1.91% | -3.70% |
Correlation
The correlation between CDC and FHLC is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CDC vs. FHLC - Performance Comparison
In the year-to-date period, CDC achieves a 19.84% return, which is significantly higher than FHLC's 11.28% return. Both investments have delivered pretty close results over the past 10 years, with CDC having a 9.74% annualized return and FHLC not far ahead at 10.01%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CDC vs. FHLC - Expense Ratio Comparison
CDC has a 0.37% expense ratio, which is higher than FHLC's 0.08% expense ratio.
Risk-Adjusted Performance
CDC vs. FHLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) and Fidelity MSCI Health Care Index ETF (FHLC). 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.
Dividends
CDC vs. FHLC - Dividend Comparison
CDC's dividend yield for the trailing twelve months is around 3.19%, more than FHLC's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 3.19% | 4.24% | 3.48% | 2.66% | 2.49% | 3.04% | 3.37% | 2.81% | 2.99% | 3.17% | 1.20% | 0.00% |
FHLC Fidelity MSCI Health Care Index ETF | 1.34% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.14% | 1.38% | 1.40% | 2.07% | 1.03% | 0.20% |
Drawdowns
CDC vs. FHLC - Drawdown Comparison
The maximum CDC drawdown since its inception was -21.37%, smaller than the maximum FHLC drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for CDC and FHLC. For additional features, visit the drawdowns tool.
Volatility
CDC vs. FHLC - Volatility Comparison
VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) has a higher volatility of 3.69% compared to Fidelity MSCI Health Care Index ETF (FHLC) at 2.89%. This indicates that CDC's price experiences larger fluctuations and is considered to be riskier than FHLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.