CDL vs. BGIG

Last updated Jun 4, 2026

CDL (VictoryShares US Large Cap High Dividend Volatility Wtd ETF) and BGIG (Bahl & Gaynor Income Growth ETF) are both Large Cap Value Equities funds. CDL is passively managed, while BGIG is actively managed. Over the past year, CDL returned 18.04% vs 19.51% for BGIG. A 0.77 correlation means they provide meaningful diversification when combined. CDL charges 0.35%/yr vs 0.45%/yr for BGIG.

Performance

CDL vs. BGIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) and Bahl & Gaynor Income Growth ETF (BGIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDL achieves a 10.43% return, which is significantly higher than BGIG's 9.84% return.

CDL

• 1D: -0.61%
• 1M: -0.38%
• YTD: 10.43%
• 6M: 10.31%
• 1Y: 18.04%
• 3Y*: 14.68%
• 5Y*: 8.68%
• 10Y*: 10.83%

BGIG

• 1D: -0.23%
• 1M: 1.82%
• YTD: 9.84%
• 6M: 9.56%
• 1Y: 19.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CDL vs. BGIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF	10.43%	9.04%	15.58%	4.66%
BGIG Bahl & Gaynor Income Growth ETF	9.84%	12.49%	16.84%	4.55%

Correlation

The correlation between CDL and BGIG is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023	0.77

The correlation between CDL and BGIG has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

CDL vs. BGIG - Sectors Allocation Comparison

Sectors	CDL	BGIG
Utilities	24.3%	7.9%
Financial Services	23.4%	14.8%
Consumer Defensive	15.9%	6.9%
Energy	9.5%	11.2%
Technology	6.9%	24.6%
Healthcare	6.8%	14.6%
Consumer Cyclical	6.6%	5.4%
Communication Services	4.4%	-
Industrials	2.3%	10.6%
Basic Materials	0.0%	0.6%
Real Estate	0.0%	3.5%

Return for Risk

CDL vs. BGIG — Risk / Return Rank

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

CDL

CDL Risk / Return Rank: 58
CDL Sharpe Ratio Rank: 54
CDL Sortino Ratio Rank: 58
CDL Omega Ratio Rank: 50
CDL Calmar Ratio Rank: 64
CDL Martin Ratio Rank: 63

BGIG

BGIG Risk / Return Rank: 68
BGIG Sharpe Ratio Rank: 66
BGIG Sortino Ratio Rank: 69
BGIG Omega Ratio Rank: 65
BGIG Calmar Ratio Rank: 68
BGIG Martin Ratio Rank: 70

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.

CDL vs. BGIG - 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 Bahl & Gaynor Income Growth ETF (BGIG). 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.

	CDL	BGIG	Difference
Sharpe ratio Return per unit of total volatility	1.86	2.18	-0.32
Sortino ratio Return per unit of downside risk	2.77	3.13	-0.36
Omega ratio Gain probability vs. loss probability	1.32	1.39	-0.07
Calmar ratio Return relative to maximum drawdown	3.20	3.37	-0.17
Martin ratio Return relative to average drawdown	11.35	12.97	-1.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDL vs. BGIG - Sharpe Ratio Comparison

The current CDL Sharpe Ratio is 1.86, which is comparable to the BGIG Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of CDL and BGIG, 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

	CDL	BGIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	2.18	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.38	-0.74

Drawdowns

CDL vs. BGIG - Drawdown Comparison

The maximum CDL drawdown since its inception was -41.03%, which is greater than BGIG's maximum drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for CDL and BGIG.

Drawdown Indicators

	CDL	BGIG	Difference
Max Drawdown Largest peak-to-trough decline	-41.03%	-13.24%	-27.79%
Max Drawdown (1Y) Largest decline over 1 year	-5.66%	-5.81%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	-12.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.03%	—	—
Current Drawdown Current decline from peak	-2.19%	-0.28%	-1.91%
Average Drawdown Average peak-to-trough decline	-4.35%	-1.70%	-2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	1.51%	+0.08%

Volatility

CDL vs. BGIG - Volatility Comparison

VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) and Bahl & Gaynor Income Growth ETF (BGIG) have volatilities of 2.66% and 2.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDL	BGIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	2.57%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	6.86%	6.72%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	9.75%	9.00%	+0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.85%	11.94%	+1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	11.94%	+5.10%

CDL vs. BGIG - Expense Ratio Comparison

CDL has a 0.35% expense ratio, which is lower than BGIG's 0.45% expense ratio.

Dividends

CDL vs. BGIG - Dividend Comparison

CDL's dividend yield for the trailing twelve months is around 3.17%, more than BGIG's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGIG Bahl & Gaynor Income Growth ETF	1.75%	1.89%	2.02%	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF	3.17%	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

Can I hold both CDL and BGIG in my portfolio?

CDL and BGIG have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDL or BGIG?

CDL has higher volatility (2.66%) compared to BGIG (2.57%). In terms of maximum drawdown, CDL dropped -41.03% vs BGIG's -13.24%.

Which ETF is better, CDL or BGIG?

On 1-year performance, BGIG leads with 19.51% vs 18.04% for CDL. On fees, CDL is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CDL or BGIG?

Over the 1-year period, BGIG has performed better with a 19.51% return vs 18.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CDL or BGIG?

CDL is cheaper with a 0.35% expense ratio, compared with 0.45% for BGIG.

Which ETF pays a higher dividend yield, CDL or BGIG?

CDL has the higher dividend yield at 3.17%, compared with 1.75% for BGIG.

What is the main difference between CDL and BGIG?

They also come from different issuers: Crestview and Bahl & Gaynor. Their fees differ too: 0.35% for CDL and 0.45% for BGIG.

Which has better risk-adjusted returns?

BGIG currently has the higher Sharpe Ratio (2.18 vs 1.86), 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.