CDC vs. IAG

Last updated Jun 4, 2026

CDC (VictoryShares US EQ Income Enhanced Volatility Wtd ETF) is Large Cap Value Equities fund tracking the Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index, while IAG (IAMGOLD Corporation) is a stock. Over the past 10 years, CDC returned 10.03%/yr vs 16.17%/yr for IAG. At a 0.13 correlation, their price movements are largely independent.

Performance

CDC vs. IAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) and IAMGOLD Corporation (IAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDC achieves a 10.57% return, which is significantly higher than IAG's 2.06% return. Over the past 10 years, CDC has underperformed IAG with an annualized return of 10.03%, while IAG has yielded a comparatively higher 16.17% annualized return.

CDC

• 1D: -0.57%
• 1M: -0.39%
• YTD: 10.57%
• 6M: 10.29%
• 1Y: 18.16%
• 3Y*: 11.97%
• 5Y*: 5.08%
• 10Y*: 10.03%

IAG

• 1D: -3.77%
• 1M: 3.19%
• YTD: 2.06%
• 6M: 11.98%
• 1Y: 123.80%
• 3Y*: 80.96%
• 5Y*: 35.39%
• 10Y*: 16.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CDC vs. IAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	10.57%	8.96%	14.48%	-4.99%	-7.86%	33.05%	12.88%	19.64%	-5.97%	15.77%
IAG IAMGOLD Corporation	2.06%	219.57%	103.95%	-1.94%	-17.57%	-14.71%	-1.61%	1.36%	-36.88%	51.43%

Correlation

The correlation between CDC and IAG is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jul 3, 2014	0.13

The correlation between CDC and IAG shifts across timeframes, from 0.13 (all time) to 0.24 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

CDC vs. IAG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CDC

CDC Risk / Return Rank: 58
CDC Sharpe Ratio Rank: 54
CDC Sortino Ratio Rank: 58
CDC Omega Ratio Rank: 50
CDC Calmar Ratio Rank: 65
CDC Martin Ratio Rank: 63

IAG

IAG Risk / Return Rank: 84
IAG Sharpe Ratio Rank: 88
IAG Sortino Ratio Rank: 82
IAG Omega Ratio Rank: 81
IAG Calmar Ratio Rank: 85
IAG Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CDC vs. IAG - 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 IAMGOLD Corporation (IAG). 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	IAG	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.06	-0.19
Sortino ratio: Return per unit of downside risk	2.78	2.46	+0.32
Omega ratio: Gain probability vs. loss probability	1.32	1.32	0.00
Calmar ratio: Return relative to maximum drawdown	3.22	3.60	-0.38
Martin ratio: Return relative to average drawdown	11.37	8.46	+2.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDC vs. IAG - Sharpe Ratio Comparison

The current CDC Sharpe Ratio is 1.87, which is comparable to the IAG Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of CDC and IAG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CDC	IAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	2.06	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.59	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.28	+0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.11	+0.64

Drawdowns

CDC vs. IAG - Drawdown Comparison

The maximum CDC drawdown since its inception was -21.37%, smaller than the maximum IAG drawdown of -95.55%. Use the drawdown chart below to compare losses from any high point for CDC and IAG.

Drawdown Indicators

	CDC	IAG	Difference
Max Drawdown Largest peak-to-trough decline	-21.37%	-95.55%	+74.18%
Max Drawdown (1Y) Largest decline over 1 year	-5.67%	-34.60%	+28.93%
Max Drawdown (3Y) Largest decline over 3 years	-12.70%	-34.60%	+21.90%
Max Drawdown (5Y) Largest decline over 5 years	-21.37%	-74.25%	+52.88%
Max Drawdown (10Y) Largest decline over 10 years	-21.37%	-86.46%	+65.09%
Current Drawdown Current decline from peak	-2.20%	-31.50%	+29.30%
Average Drawdown Average peak-to-trough decline	-5.09%	-56.22%	+51.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	14.70%	-13.10%

Volatility

CDC vs. IAG - Volatility Comparison

The current volatility for VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) is 2.66%, while IAMGOLD Corporation (IAG) has a volatility of 19.64%. This indicates that CDC experiences smaller price fluctuations and is considered to be less risky than IAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDC	IAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	19.64%	-16.98%
Volatility (6M) Calculated over the trailing 6-month period	6.84%	47.15%	-40.31%
Volatility (1Y) Calculated over the trailing 1-year period	9.77%	60.49%	-50.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.54%	60.24%	-47.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.21%	58.52%	-45.31%

Dividends

CDC vs. IAG - Dividend Comparison

CDC's dividend yield for the trailing twelve months is around 3.18%, while IAG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	3.18%	3.36%	3.32%	4.24%	3.48%	2.65%	2.48%	3.04%	3.37%	2.81%	2.99%	3.17%
IAG IAMGOLD Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CDC and IAG in my portfolio?

CDC and IAG have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDC or IAG?

IAG has higher volatility (19.64%) compared to CDC (2.66%). In terms of maximum drawdown, CDC dropped -21.37% vs IAG's -95.55%.

Which has better risk-adjusted returns?

IAG currently has the higher Sharpe Ratio (2.06 vs 1.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.