PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CDL vs. DTD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CDL vs. DTD

Last updated Jun 24, 2026

CDL (VictoryShares US Large Cap High Dividend Volatility Wtd ETF) and DTD (WisdomTree U.S. Total Dividend Fund) are both Large Cap Value Equities funds - CDL tracks the Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index while DTD tracks the WisdomTree U.S. Dividend Index. Both are passively managed. Over the past 10 years, CDL returned 11.31%/yr vs 12.37%/yr for DTD. Their correlation of 0.87 suggests significant overlap in exposure. CDL charges 0.35%/yr vs 0.28%/yr for DTD.

Performance

CDL vs. DTD - 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 WisdomTree U.S. Total Dividend Fund (DTD). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, CDL achieves a 13.80% return, which is significantly higher than DTD's 10.39% return. Over the past 10 years, CDL has underperformed DTD with an annualized return of 11.31%, while DTD has yielded a comparatively higher 12.37% annualized return.

CDL

1D
1.03%
1M
0.80%
YTD
13.80%
6M
13.70%
1Y
20.88%
3Y*
15.81%
5Y*
10.12%
10Y*
11.31%

DTD

1D
0.00%
1M
0.37%
YTD
10.39%
6M
9.68%
1Y
21.29%
3Y*
17.90%
5Y*
12.14%
10Y*
12.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CDL vs. DTD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CDL
VictoryShares US Large Cap High Dividend Volatility Wtd ETF		13.80%9.04%15.58%3.03%-0.45%33.42%-3.35%26.38%-5.86%16.29%
DTD
WisdomTree U.S. Total Dividend Fund		10.39%14.25%18.56%10.63%-3.83%26.26%2.45%28.19%-6.47%17.35%

Correlation

The correlation between CDL and DTD is 0.77, 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

0.77

Correlation (3Y)
Calculated over the trailing 3-year period

0.83

Correlation (5Y)
Calculated over the trailing 5-year period

0.88

Correlation (10Y)
Calculated over the trailing 10-year period

0.88

Correlation (All Time)
Calculated using the full available price history since Jul 8, 2015

0.87

The correlation between CDL and DTD shifts across timeframes, from 0.77 (1 year) to 0.88 (10 years), reflecting how their relationship changes across market environments.

CDL vs. DTD - Sectors Allocation Comparison

Sectors
CDL
DTD

Utilities

23.7%
5.5%

Financial Services

23.1%
18.2%

Consumer Defensive

15.8%
8.4%

Energy

9.0%
7.8%

Technology

8.0%
20.9%

Healthcare

6.9%
11.5%

Consumer Cyclical

6.9%
5.5%

Communication Services

4.4%
7.2%

Industrials

2.2%
8.4%

Basic Materials

0.0%
1.5%

Real Estate

0.0%
5.1%

Utilities

CDL
23.7%
DTD
5.5%

Financial Services

CDL
23.1%
DTD
18.2%

Consumer Defensive

CDL
15.8%
DTD
8.4%

Energy

CDL
9.0%
DTD
7.8%

Technology

CDL
8.0%
DTD
20.9%

Healthcare

CDL
6.9%
DTD
11.5%

Consumer Cyclical

CDL
6.9%
DTD
5.5%

Communication Services

CDL
4.4%
DTD
7.2%

Industrials

CDL
2.2%
DTD
8.4%

Basic Materials

CDL
0.0%
DTD
1.5%

Real Estate

CDL
0.0%
DTD
5.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VictoryShares US Large Cap High Dividend Volatility Wtd ETF

WisdomTree U.S. Total Dividend Fund

Often compared with CDL:
CDL vs. SCHDCDL vs. DHSCDL vs. SPLVCDL vs. SDOGCDL vs. SPYCDL vs. VYMCDL vs. JEPIX
Often compared with DTD:
DTD vs. DLNDTD vs. SCHDDTD vs. DHSDTD vs. DGRWDTD vs. DEWDTD vs. VYMDTD vs. DIVO

Return for Risk

CDL vs. DTD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CDL
CDL Risk / Return Rank: 7171
Overall Rank
CDL Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
CDL Sortino Ratio Rank: 7474
Sortino Ratio Rank
CDL Omega Ratio Rank: 6464
Omega Ratio Rank
CDL Calmar Ratio Rank: 7777
Calmar Ratio Rank
CDL Martin Ratio Rank: 7474
Martin Ratio Rank
DTD
DTD Risk / Return Rank: 7575
Overall Rank
DTD Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
DTD Sortino Ratio Rank: 7777
Sortino Ratio Rank
DTD Omega Ratio Rank: 7474
Omega Ratio Rank
DTD Calmar Ratio Rank: 7070
Calmar Ratio Rank
DTD Martin Ratio Rank: 7777
Martin Ratio Rank
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. DTD - 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 U.S. Total Dividend Fund (DTD). 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.

CDLDTDDifference
Sharpe ratioReturn per unit of total volatility
2.10
2.28

-0.17

Sortino ratioReturn per unit of downside risk
3.09
3.23

-0.14

Omega ratioGain probability vs. loss probability

1.36

1.41

-0.05

Calmar ratioReturn relative to maximum drawdown

3.70

3.39

+0.31

Martin ratioReturn relative to average drawdown

13.08

14.00

-0.92

CDL vs. DTD - Sharpe Ratio Comparison

The current CDL Sharpe Ratio is 2.10, which is comparable to the DTD Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of CDL and DTD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

CDL vs. DTD - Drawdown Comparison

The maximum CDL drawdown since its inception was -41.03%, smaller than the maximum DTD drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for CDL and DTD.

Loading charts...

Drawdown Indicators

CDLDTDDifference

Max Drawdown

Largest peak-to-trough decline

-41.03%

-58.19%

+17.16%

Max Drawdown (1Y)

Largest decline over 1 year

-5.66%

-6.30%

+0.64%

Max Drawdown (3Y)

Largest decline over 3 years

-12.87%

-14.41%

+1.54%

Max Drawdown (5Y)

Largest decline over 5 years

-17.28%

-16.14%

-1.14%

Max Drawdown (10Y)

Largest decline over 10 years

-41.03%

-37.29%

-3.74%

Current Drawdown

Current decline from peak

-0.49%

-0.92%

+0.43%

Average Drawdown

Average peak-to-trough decline

-4.33%

-7.32%

+2.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.60%

1.52%

+0.08%

Volatility

CDL vs. DTD - Volatility Comparison

VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) has a higher volatility of 3.47% compared to WisdomTree U.S. Total Dividend Fund (DTD) at 2.65%. This indicates that CDL's price experiences larger fluctuations and is considered to be riskier than DTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CDLDTDDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.47%

2.65%

+0.82%

Volatility (6M)

Calculated over the trailing 6-month period

7.14%

7.13%

+0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

9.98%

9.41%

+0.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.85%

13.56%

+0.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.04%

16.19%

+0.85%

CDL vs. DTD - Expense Ratio Comparison

CDL has a 0.35% expense ratio, which is higher than DTD's 0.28% expense ratio.

Dividends

CDL vs. DTD - Dividend Comparison

CDL's dividend yield for the trailing twelve months is around 3.13%, more than DTD's 1.86% yield.

PositionTTM20252024202320222021202020192018201720162015
CDL
VictoryShares US Large Cap High Dividend Volatility Wtd ETF		3.13%3.33%3.27%3.61%3.31%2.60%3.32%3.04%3.32%2.87%2.97%1.28%
DTD
WisdomTree U.S. Total Dividend Fund		1.86%1.99%2.07%2.43%2.62%2.04%2.73%2.50%2.93%2.36%2.66%2.81%

Frequently Asked Questions

CDL and DTD have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CDL has higher volatility (3.47%) compared to DTD (2.65%). In terms of maximum drawdown, CDL dropped -41.03% vs DTD's -58.19%.

On 10-year performance, DTD leads with 12.37% vs 11.31% for CDL. On fees, DTD is cheaper at 0.28% per year. On volatility, DTD has been the lower-risk option at 2.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DTD has performed better with a 12.37% return vs 11.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DTD is cheaper with a 0.28% expense ratio, compared with 0.35% for CDL.

CDL has the higher dividend yield at 3.13%, compared with 1.86% for DTD.

CDL tracks Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index, while DTD tracks WisdomTree U.S. Dividend Index. They also come from different issuers: Crestview and WisdomTree. Their fees differ too: 0.35% for CDL and 0.28% for DTD.

DTD currently has the higher Sharpe Ratio (2.28 vs 2.10), 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.

Portfolio Optimizer

Find the right allocation for CDL and DTD

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer