CDC vs. LGLV

Last updated Aug 6, 2026

CDC (VictoryShares US EQ Income Enhanced Volatility Wtd ETF) and LGLV (SPDR SSGA US Large Cap Low Volatility Index ETF) are both Low Volatility funds - CDC tracks the Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index while LGLV tracks the State Street U.S. Large Cap Low Volatility Index. Both are passively managed. Over the past 10 years, CDC returned 10.34%/yr vs 11.31%/yr for LGLV. Their 0.78 correlation means they have sometimes moved together and sometimes differently. CDC charges 0.37%/yr vs 0.12%/yr for LGLV.

Performance

CDC vs. LGLV - 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 SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDC achieves a 18.09% return, which is significantly higher than LGLV's 8.56% return. Over the past 10 years, CDC has underperformed LGLV with an annualized return of 10.34%, while LGLV has yielded a comparatively higher 11.31% annualized return.

CDC

• 1D: -0.61%
• 1M: 1.50%
• 6M: 8.57%
• YTD: 18.09%
• 1Y: 21.95%
• 3Y*: 14.24%
• 5Y*: 6.76%
• 10Y*: 10.34%
• ALL TIME*: 10.04%

LGLV

• 1D: -0.05%
• 1M: 2.01%
• 6M: 3.36%
• YTD: 8.56%
• 1Y: 10.36%
• 3Y*: 12.80%
• 5Y*: 8.41%
• 10Y*: 11.31%
• ALL TIME*: 12.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	$1.04M	$983.49K	$1.23M
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	$4.32M	$4.74M	$5.50M

CDC vs. LGLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	18.09%	8.96%	14.48%	-4.99%	-7.86%	33.05%	12.88%	19.64%	-5.97%	15.77%
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	8.56%	8.37%	16.22%	9.19%	-8.17%	27.95%	7.42%	30.83%	0.32%	17.84%

Correlation

The correlation between CDC and LGLV is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.80
Correlation (All Time) Calculated using the full available price history since Jul 2, 2014	0.78

The correlation between CDC and LGLV has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.

CDC vs. LGLV - Sectors Allocation Comparison

Sectors	CDC	LGLV
Utilities	24.3%	11.8%
Financial Services	24.1%	10.0%
Consumer Defensive	15.7%	5.6%
Energy	8.6%	3.5%
Healthcare	7.2%	7.3%
Consumer Cyclical	7.0%	9.1%
Technology	6.9%	9.0%
Communication Services	3.9%	3.9%
Industrials	2.3%	18.7%
Basic Materials	0.6%	3.4%
Real Estate	0.0%	17.8%

Return for Risk

CDC vs. LGLV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CDC

CDC Risk / Return Rank: 84
CDC Sharpe Ratio Rank: 83
CDC Sortino Ratio Rank: 86
CDC Omega Ratio Rank: 77
CDC Calmar Ratio Rank: 88
CDC Martin Ratio Rank: 86

LGLV

LGLV Risk / Return Rank: 35
LGLV Sharpe Ratio Rank: 36
LGLV Sortino Ratio Rank: 37
LGLV Omega Ratio Rank: 33
LGLV Calmar Ratio Rank: 38
LGLV Martin Ratio Rank: 33

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CDC vs. LGLV - 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 SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). 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.

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.

	CDC	LGLV	Difference
Sharpe ratio: Return per unit of total volatility	2.14	1.03	+1.11
Sortino ratio: Return per unit of downside risk	3.17	1.58	+1.59
Omega ratio: Gain probability vs. loss probability	1.36	1.18	+0.18
Calmar ratio: Return relative to maximum drawdown	3.89	1.52	+2.37
Martin ratio: Return relative to average drawdown	13.68	3.51	+10.17

CDC vs. LGLV - Sharpe Ratio Comparison

The current CDC Sharpe Ratio is 2.14, which is higher than the LGLV Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of CDC and LGLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CDC vs. LGLV - Drawdown Comparison

The maximum CDC drawdown since its inception was -21.37%, smaller than the maximum LGLV drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for CDC and LGLV.

Drawdown Indicators

	CDC	LGLV	Difference
Max Drawdown Largest peak-to-trough decline	-21.37%	-36.64%	+15.27%
Max Drawdown (1Y) Largest decline over 1 year	-5.67%	-6.86%	+1.19%
Max Drawdown (3Y) Largest decline over 3 years	-12.70%	-10.17%	-2.53%
Max Drawdown (5Y) Largest decline over 5 years	-21.37%	-17.49%	-3.88%
Max Drawdown (10Y) Largest decline over 10 years	-21.37%	-36.64%	+15.27%
Current Drawdown Current decline from peak	-1.72%	-1.28%	-0.44%
Average Drawdown Average peak-to-trough decline	-5.05%	-3.21%	-1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	2.95%	-1.34%

Volatility

CDC vs. LGLV - Volatility Comparison

The current volatility for VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) is 3.78%, while SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) has a volatility of 4.07%. This indicates that CDC experiences smaller price fluctuations and is considered to be less risky than LGLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDC	LGLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	4.07%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	7.78%	8.01%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	10.32%	10.10%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.56%	13.03%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.22%	16.09%	-2.87%

CDC vs. LGLV - Expense Ratio Comparison

CDC has a 0.37% expense ratio, which is higher than LGLV's 0.12% expense ratio.

Dividends

CDC vs. LGLV - Dividend Comparison

CDC's dividend yield for the trailing twelve months is around 3.05%, more than LGLV's 1.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	3.05%	3.36%	3.32%	4.24%	3.48%	2.65%	2.48%	3.04%	3.37%	2.81%	2.99%	3.17%
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	1.98%	1.94%	1.93%	2.03%	1.95%	1.65%	1.98%	1.89%	2.09%	4.39%	2.54%	2.97%

Frequently Asked Questions

Can I hold both CDC and LGLV in my portfolio?

CDC and LGLV have a correlation of 0.87, 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 LGLV?

LGLV has higher volatility (4.07%) compared to CDC (3.78%). In terms of maximum drawdown, CDC dropped -21.37% vs LGLV's -36.64%.

Which ETF is better, CDC or LGLV?

On 10-year performance, LGLV leads with 11.31% vs 10.34% for CDC. On fees, LGLV is cheaper at 0.12% per year. On volatility, CDC has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CDC or LGLV?

Over the 10-year period, LGLV has performed better with a 11.31% return vs 10.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CDC or LGLV?

LGLV is cheaper with a 0.12% expense ratio, compared with 0.37% for CDC.

Which ETF pays a higher dividend yield, CDC or LGLV?

CDC has the higher dividend yield at 3.05%, compared with 1.98% for LGLV.

What is the main difference between CDC and LGLV?

CDC tracks Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index, while LGLV tracks State Street U.S. Large Cap Low Volatility Index. They also come from different issuers: Crestview and State Street. Their fees differ too: 0.37% for CDC and 0.12% for LGLV.

Which has better risk-adjusted returns?

CDC currently has the higher Sharpe Ratio (2.14 vs 1.03), 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.