Correlation
The correlation between CFO and CFA is 0.88, 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.
CFO vs. CFA
Compare and contrast key facts about VictoryShares US 500 Enhanced Volatility Wtd ETF (CFO) and VictoryShares US 500 Volatility Wtd ETF (CFA).
CFO and CFA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CFO is a passively managed fund by Crestview that tracks the performance of the Nasdaq Victory U.S. Large Cap 500 Long/Cash Volatility Weighted Index. It was launched on Jul 2, 2014. CFA is a passively managed fund by Crestview that tracks the performance of the Nasdaq Victory U.S. Large Cap 500 Volatility Weighted Index. It was launched on Jul 2, 2014. Both CFO and CFA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CFO or CFA.
Performance
CFO vs. CFA - Performance Comparison
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Key characteristics
CFO:
0.62
CFA:
0.60
CFO:
0.91
CFA:
0.88
CFO:
1.12
CFA:
1.12
CFO:
0.55
CFA:
0.53
CFO:
1.91
CFA:
1.83
CFO:
4.93%
CFA:
4.95%
CFO:
16.65%
CFA:
16.88%
CFO:
-24.36%
CFA:
-37.74%
CFO:
-5.33%
CFA:
-5.47%
Returns By Period
In the year-to-date period, CFO achieves a 1.37% return, which is significantly higher than CFA's 1.24% return. Over the past 10 years, CFO has underperformed CFA with an annualized return of 8.14%, while CFA has yielded a comparatively higher 10.15% annualized return.
CFO
1.37%
4.21%
-5.33%
10.21%
2.42%
8.08%
8.14%
CFA
1.24%
4.08%
-5.47%
10.00%
8.50%
12.68%
10.15%
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CFO vs. CFA - Expense Ratio Comparison
Both CFO and CFA have an expense ratio of 0.35%.
Risk-Adjusted Performance
CFO vs. CFA — Risk-Adjusted Performance Rank
CFO
CFA
CFO vs. CFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US 500 Enhanced Volatility Wtd ETF (CFO) and VictoryShares US 500 Volatility Wtd ETF (CFA). 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.
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Dividends
CFO vs. CFA - Dividend Comparison
CFO's dividend yield for the trailing twelve months is around 1.33%, which matches CFA's 1.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF | 1.33% | 1.44% | 1.72% | 3.94% | 1.06% | 0.90% | 1.45% | 1.49% | 1.18% | 1.35% | 1.31% | 0.50% |
CFA VictoryShares US 500 Volatility Wtd ETF | 1.33% | 1.32% | 1.42% | 1.59% | 1.04% | 1.21% | 1.35% | 1.49% | 1.15% | 1.37% | 1.31% | 0.63% |
Drawdowns
CFO vs. CFA - Drawdown Comparison
The maximum CFO drawdown since its inception was -24.36%, smaller than the maximum CFA drawdown of -37.74%. Use the drawdown chart below to compare losses from any high point for CFO and CFA.
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Volatility
CFO vs. CFA - Volatility Comparison
VictoryShares US 500 Enhanced Volatility Wtd ETF (CFO) and VictoryShares US 500 Volatility Wtd ETF (CFA) have volatilities of 4.64% and 4.68%, 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.
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