CDL vs. DHS
Compare and contrast key facts about VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) and WisdomTree US High Dividend Fund (DHS).
CDL and DHS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CDL is a passively managed fund by Crestview that tracks the performance of the Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index. It was launched on Jul 8, 2015. DHS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. High Dividend Index. It was launched on Jun 16, 2006. Both CDL and DHS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CDL vs. DHS - Performance Comparison
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CDL vs. DHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 8.87% | 9.04% | 15.58% | 3.03% | -0.45% | 33.42% | -3.35% | 26.38% | -5.86% | 16.29% |
DHS WisdomTree US High Dividend Fund | 8.00% | 12.87% | 18.02% | -0.19% | 7.97% | 23.20% | -5.70% | 22.59% | -7.41% | 11.69% |
Returns By Period
In the year-to-date period, CDL achieves a 8.87% return, which is significantly higher than DHS's 8.00% return. Over the past 10 years, CDL has outperformed DHS with an annualized return of 10.80%, while DHS has yielded a comparatively lower 9.56% annualized return.
CDL
- 1D
- 0.78%
- 1M
- -2.91%
- YTD
- 8.87%
- 6M
- 8.94%
- 1Y
- 12.62%
- 3Y*
- 12.90%
- 5Y*
- 9.94%
- 10Y*
- 10.80%
DHS
- 1D
- 0.91%
- 1M
- -2.77%
- YTD
- 8.00%
- 6M
- 10.21%
- 1Y
- 14.07%
- 3Y*
- 14.13%
- 5Y*
- 11.42%
- 10Y*
- 9.56%
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CDL vs. DHS - Expense Ratio Comparison
CDL has a 0.35% expense ratio, which is lower than DHS's 0.38% expense ratio.
Return for Risk
CDL vs. DHS — Risk / Return Rank
CDL
DHS
CDL vs. DHS - 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 WisdomTree US High Dividend Fund (DHS). 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 | DHS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.06 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.49 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.34 | -0.10 |
Martin ratioReturn relative to average drawdown | 5.03 | 5.00 | +0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CDL | DHS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.06 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.83 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.60 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.40 | +0.24 |
Correlation
The correlation between CDL and DHS is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CDL vs. DHS - Dividend Comparison
CDL's dividend yield for the trailing twelve months is around 3.18%, less than DHS's 3.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 3.18% | 3.33% | 3.27% | 3.61% | 3.31% | 2.60% | 3.32% | 3.04% | 3.32% | 2.87% | 2.97% | 1.28% |
DHS WisdomTree US High Dividend Fund | 3.23% | 3.32% | 3.66% | 4.31% | 3.42% | 3.29% | 4.14% | 3.69% | 3.76% | 3.00% | 3.25% | 3.53% |
Drawdowns
CDL vs. DHS - Drawdown Comparison
The maximum CDL drawdown since its inception was -41.03%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for CDL and DHS.
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Drawdown Indicators
| CDL | DHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.03% | -67.25% | +26.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -10.84% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -17.28% | -15.28% | -2.00% |
Max Drawdown (10Y)Largest decline over 10 years | -41.03% | -37.35% | -3.68% |
Current DrawdownCurrent decline from peak | -3.07% | -3.23% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -9.62% | +5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 3.10% | -0.31% |
Volatility
CDL vs. DHS - Volatility Comparison
The current volatility for VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) is 2.95%, while WisdomTree US High Dividend Fund (DHS) has a volatility of 3.13%. This indicates that CDL experiences smaller price fluctuations and is considered to be less risky than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDL | DHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 3.13% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 6.97% | 7.12% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 13.35% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.87% | 13.87% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 16.06% | +0.99% |