CDL vs. FAI
CDL (VictoryShares US Large Cap High Dividend Volatility Wtd ETF) and FAI (First Trust Bloomberg Artificial Intelligence ETF) are both exchange-traded funds - CDL is a Large Cap Value Equities fund tracking the Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index, while FAI is a Technology Equities fund tracking the Bloomberg Artificial Intelligence Index. Both are passively managed. Over the past year, CDL returned 20.88% vs 56.66% for FAI. At a 0.05 correlation, their price movements are largely independent. CDL charges 0.35%/yr vs 0.65%/yr for FAI.
Performance
CDL vs. FAI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CDL achieves a 13.80% return, which is significantly lower than FAI's 27.58% 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%
FAI
- 1D
- -4.82%
- 1M
- 1.99%
- YTD
- 27.58%
- 6M
- 26.62%
- 1Y
- 56.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CDL vs. FAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 13.80% | 9.04% | -4.18% |
FAI First Trust Bloomberg Artificial Intelligence ETF | 27.58% | 33.37% | 2.28% |
Correlation
The correlation between CDL and FAI is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024 | 0.05 |
The correlation between CDL and FAI shifts across timeframes, from -0.08 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CDL vs. FAI — Risk / Return Rank
CDL
FAI
CDL vs. FAI - 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 First Trust Bloomberg Artificial Intelligence ETF (FAI). 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 | FAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 3.02 | +0.68 |
| Martin ratioReturn relative to average drawdown | 13.08 | 9.38 | +3.70 |
Loading charts...
Drawdowns
CDL vs. FAI - Drawdown Comparison
The maximum CDL drawdown since its inception was -41.03%, which is greater than FAI's maximum drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for CDL and FAI.
Loading charts...
Drawdown Indicators
| CDL | FAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.03% | -27.82% | -13.21% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -18.84% | +13.18% |
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 DrawdownCurrent decline from peak | -0.49% | -9.38% | +8.89% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -5.37% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 6.06% | -4.46% |
Volatility
CDL vs. FAI - Volatility Comparison
The current volatility for VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) is 3.47%, while First Trust Bloomberg Artificial Intelligence ETF (FAI) has a volatility of 14.67%. This indicates that CDL experiences smaller price fluctuations and is considered to be less risky than FAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CDL | FAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 14.67% | -11.20% |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | 22.72% | -15.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.98% | 27.43% | -17.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 31.12% | -17.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 31.12% | -14.08% |
CDL vs. FAI - Expense Ratio Comparison
CDL has a 0.35% expense ratio, which is lower than FAI's 0.65% expense ratio.
Dividends
CDL vs. FAI - Dividend Comparison
CDL's dividend yield for the trailing twelve months is around 3.13%, while FAI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FAI First Trust Bloomberg Artificial Intelligence ETF | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CDL and FAI have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAI has higher volatility (14.67%) compared to CDL (3.47%). In terms of maximum drawdown, CDL dropped -41.03% vs FAI's -27.82%.
On 1-year performance, FAI leads with 56.66% vs 20.88% for CDL. On fees, CDL is cheaper at 0.35% per year. On volatility, CDL has been the lower-risk option at 3.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FAI has performed better with a 56.66% return vs 20.88%. 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 0.65% for FAI.
CDL has the higher dividend yield at 3.13%, compared with 0.00% for FAI.
CDL is categorized as Large Cap Value Equities, while FAI is Technology Equities. CDL tracks Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index, while FAI tracks Bloomberg Artificial Intelligence Index. They also come from different issuers: Crestview and First Trust. Their fees differ too: 0.35% for CDL and 0.65% for FAI.
CDL currently has the higher Sharpe Ratio (2.10 vs 2.08), 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.
Find the right allocation for CDL and FAI
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