CDL vs. ALTY
CDL (VictoryShares US Large Cap High Dividend Volatility Wtd ETF) and ALTY (Global X Alternative Income ETF) are both exchange-traded funds - CDL is a Dividend fund tracking the Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index, while ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index. Both are passively managed. Over the past 10 years, CDL returned 11.17%/yr vs 5.63%/yr for ALTY. Their 0.61 correlation means they have sometimes moved together and sometimes differently. CDL charges 0.35%/yr vs 0.50%/yr for ALTY.
Performance
CDL vs. ALTY - Performance Comparison
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Returns By Period
In the year-to-date period, CDL achieves a 17.17% return, which is significantly higher than ALTY's 7.43% return. Over the past 10 years, CDL has outperformed ALTY with an annualized return of 11.17%, while ALTY has yielded a comparatively lower 5.63% annualized return.
CDL
- 1D
- -0.51%
- 1M
- 0.29%
- 6M
- 10.38%
- YTD
- 17.17%
- 1Y
- 22.30%
- 3Y*
- 14.61%
- 5Y*
- 10.44%
- 10Y*
- 11.17%
- ALL TIME*
- 11.29%
ALTY
- 1D
- -0.06%
- 1M
- 0.20%
- 6M
- 4.38%
- YTD
- 7.43%
- 1Y
- 14.09%
- 3Y*
- 10.77%
- 5Y*
- 5.56%
- 10Y*
- 5.63%
- ALL TIME*
- 6.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $136.24K | $196.63K | $163.35K | |
| $504.48K | $625.50K | $553.90K |
CDL vs. ALTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 17.17% | 9.04% | 15.58% | 3.03% | -0.45% | 33.42% | -3.35% | 26.38% | -5.86% | 16.29% |
ALTY Global X Alternative Income ETF | 7.43% | 11.07% | 10.88% | 10.58% | -11.92% | 23.08% | -12.82% | 21.44% | -6.18% | 10.82% |
Correlation
The correlation between CDL and ALTY is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2015 | 0.61 |
The correlation between CDL and ALTY has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.
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Return for Risk
CDL vs. ALTY — Risk / Return Rank
CDL
ALTY
CDL vs. ALTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) and Global X Alternative Income ETF (ALTY). 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.
| CDL | ALTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.44 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 3.19 | +0.68 |
| Martin ratioReturn relative to average drawdown | 13.78 | 14.62 | -0.84 |
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Drawdowns
CDL vs. ALTY - Drawdown Comparison
The maximum CDL drawdown since its inception was -41.03%, smaller than the maximum ALTY drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for CDL and ALTY.
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Drawdown Indicators
| CDL | ALTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.03% | -51.47% | +10.44% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -4.34% | -1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -12.87% | -10.08% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -17.28% | -18.48% | +1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -41.03% | -51.47% | +10.44% |
Current DrawdownCurrent decline from peak | -2.35% | -0.88% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -6.65% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 0.95% | +0.64% |
Volatility
CDL vs. ALTY - Volatility Comparison
VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) has a higher volatility of 4.20% compared to Global X Alternative Income ETF (ALTY) at 1.47%. This indicates that CDL's price experiences larger fluctuations and is considered to be riskier than ALTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDL | ALTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 1.47% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 4.61% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.34% | 5.93% | +4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 10.47% | +3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 16.49% | +0.55% |
CDL vs. ALTY - Expense Ratio Comparison
CDL has a 0.35% expense ratio, which is lower than ALTY's 0.50% expense ratio.
Dividends
CDL vs. ALTY - Dividend Comparison
CDL's dividend yield for the trailing twelve months is around 3.06%, less than ALTY's 7.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.48% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 3.06% | 3.33% | 3.27% | 3.61% | 3.31% | 2.60% | 3.32% | 3.04% | 3.32% | 2.87% | 2.97% | 1.28% |
Frequently Asked Questions
CDL and ALTY have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDL has higher volatility (4.20%) compared to ALTY (1.47%). In terms of maximum drawdown, CDL dropped -41.03% vs ALTY's -51.47%.
On 10-year performance, CDL leads with 11.17% vs 5.63% for ALTY. On fees, CDL is cheaper at 0.35% per year. On volatility, ALTY has been the lower-risk option at 1.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, CDL has performed better with a 11.17% return vs 5.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CDL is cheaper with a 0.35% expense ratio, compared with 0.50% for ALTY.
ALTY has the higher dividend yield at 7.48%, compared with 3.06% for CDL.
CDL is categorized as Dividend, while ALTY is Global Allocation. CDL tracks Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index, while ALTY tracks Indxx SuperDividend Alternatives Index. They also come from different issuers: Crestview and Global X. Their fees differ too: 0.35% for CDL and 0.50% for ALTY.
ALTY currently has the higher Sharpe Ratio (2.34 vs 2.13), 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.
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