CDL vs. UITB
CDL (VictoryShares US Large Cap High Dividend Volatility Wtd ETF) and UITB (VictoryShares Core Intermediate Bond 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 UITB is a Intermediate Core Bond fund actively managed by Victory Capital. CDL is passively managed, while UITB is actively managed. Over the past 5 years, CDL returned 10.85%/yr vs 0.30%/yr for UITB. At a 0.06 correlation, their price movements are largely independent. CDL charges 0.35%/yr vs 0.38%/yr for UITB.
Performance
CDL vs. UITB - Performance Comparison
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Returns By Period
In the year-to-date period, CDL achieves a 18.31% return, which is significantly higher than UITB's 0.25% return.
CDL
- 1D
- 1.78%
- 1M
- 3.68%
- 6M
- 13.91%
- YTD
- 18.31%
- 1Y
- 23.34%
- 3Y*
- 16.00%
- 5Y*
- 10.85%
- 10Y*
- 11.14%
UITB
- 1D
- -0.01%
- 1M
- -0.43%
- 6M
- -0.07%
- YTD
- 0.25%
- 1Y
- 4.21%
- 3Y*
- 4.28%
- 5Y*
- 0.30%
- 10Y*
- —
CDL vs. UITB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 18.31% | 9.04% | 15.58% | 3.03% | -0.45% | 33.42% | -3.35% | 26.38% | -5.86% | 4.27% |
UITB VictoryShares Core Intermediate Bond ETF | 0.25% | 7.32% | 1.81% | 6.49% | -12.23% | -0.88% | 7.99% | 11.40% | -1.31% | 0.85% |
Correlation
The correlation between CDL and UITB is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.06 |
The correlation between CDL and UITB shifts across timeframes, from 0.06 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CDL vs. UITB — Risk / Return Rank
CDL
UITB
CDL vs. UITB - 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 VictoryShares Core Intermediate Bond ETF (UITB). 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 | UITB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.21 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 1.51 | +2.63 |
| Martin ratioReturn relative to average drawdown | 14.63 | 4.16 | +10.47 |
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Drawdowns
CDL vs. UITB - Drawdown Comparison
The maximum CDL drawdown since its inception was -41.03%, which is greater than UITB's maximum drawdown of -17.02%. Use the drawdown chart below to compare losses from any high point for CDL and UITB.
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Drawdown Indicators
| CDL | UITB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.03% | -17.02% | -24.01% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -2.80% | -2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -12.87% | -5.44% | -7.43% |
Max Drawdown (5Y)Largest decline over 5 years | -17.28% | -17.02% | -0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -41.03% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.53% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -4.31% | -4.31% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.01% | +0.59% |
Volatility
CDL vs. UITB - Volatility Comparison
VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) has a higher volatility of 4.14% compared to VictoryShares Core Intermediate Bond ETF (UITB) at 1.09%. This indicates that CDL's price experiences larger fluctuations and is considered to be riskier than UITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDL | UITB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 1.09% | +3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.63% | 2.78% | +4.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.20% | 3.60% | +6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.89% | 5.65% | +8.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 4.96% | +12.07% |
CDL vs. UITB - Expense Ratio Comparison
CDL has a 0.35% expense ratio, which is lower than UITB's 0.38% expense ratio.
Dividends
CDL vs. UITB - Dividend Comparison
CDL's dividend yield for the trailing twelve months is around 3.03%, less than UITB's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 3.03% | 3.33% | 3.27% | 3.61% | 3.31% | 2.60% | 3.32% | 3.04% | 3.32% | 2.87% | 2.97% | 1.28% |
UITB VictoryShares Core Intermediate Bond ETF | 4.22% | 4.04% | 3.89% | 3.14% | 2.32% | 1.95% | 2.79% | 3.01% | 2.99% | 0.50% | 0.00% | 0.00% |
Frequently Asked Questions
CDL and UITB have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDL has higher volatility (4.14%) compared to UITB (1.09%). In terms of maximum drawdown, CDL dropped -41.03% vs UITB's -17.02%.
On 5-year performance, CDL leads with 10.85% vs 0.30% for UITB. On fees, CDL is cheaper at 0.35% per year. On volatility, UITB has been the lower-risk option at 1.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CDL has performed better with a 10.85% return vs 0.30%. 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 0.38% for UITB.
UITB has the higher dividend yield at 4.22%, compared with 3.03% for CDL.
CDL is categorized as Large Cap Value Equities, while UITB is Intermediate Core Bond. They also come from different issuers: Crestview and Victory Capital. Their fees differ too: 0.35% for CDL and 0.38% for UITB.
CDL currently has the higher Sharpe Ratio (2.30 vs 1.17), 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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