CFO vs. IFLO

Last updated Jul 14, 2026

CFO (VictoryShares US 500 Enhanced Volatility Weighted ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both exchange-traded funds - CFO is a Large Cap Blend Equities fund tracking the Nasdaq Victory U.S. Large Cap 500 Long/Cash Volatility Weighted Index, while IFLO is a Foreign Large Cap Equities fund managed by VictoryShares. Over the past year, CFO returned 13.61% vs 31.49% for IFLO. A 0.64 correlation means they provide meaningful diversification when combined. CFO charges 0.35%/yr vs 0.56%/yr for IFLO.

Performance

CFO vs. IFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US 500 Enhanced Volatility Weighted ETF (CFO) and VictoryShares International Free Cash Flow ETF (IFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CFO achieves a 9.90% return, which is significantly lower than IFLO's 18.32% return.

CFO

• 1D: -0.04%
• 1M: 1.64%
• 6M: 6.79%
• YTD: 9.90%
• 1Y: 13.61%
• 3Y*: 10.61%
• 5Y*: 4.37%
• 10Y*: 9.44%

IFLO

• 1D: -0.65%
• 1M: -0.87%
• 6M: 14.97%
• YTD: 18.32%
• 1Y: 31.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CFO vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
CFO VictoryShares US 500 Enhanced Volatility Weighted ETF	9.90%	6.17%
IFLO VictoryShares International Free Cash Flow ETF	18.32%	13.12%

Correlation

The correlation between CFO and IFLO is 0.65, 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	0.65
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.64

The correlation between CFO and IFLO has been stable across timeframes, ranging from 0.64 to 0.65 - a consistent structural relationship.

CFO vs. IFLO - Sectors Allocation Comparison

Sectors	CFO	IFLO
Industrials	18.1%	18.1%
Financial Services	17.8%	1.1%
Technology	17.1%	21.5%
Consumer Cyclical	9.6%	13.8%
Healthcare	9.6%	11.7%
Utilities	8.5%	1.0%
Consumer Defensive	6.7%	2.8%
Energy	5.1%	12.1%
Basic Materials	3.6%	11.3%
Communication Services	3.6%	6.7%
Real Estate	0.4%	0.0%

Return for Risk

CFO vs. IFLO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CFO

CFO Risk / Return Rank: 47
CFO Sharpe Ratio Rank: 45
CFO Sortino Ratio Rank: 46
CFO Omega Ratio Rank: 42
CFO Calmar Ratio Rank: 48
CFO Martin Ratio Rank: 53

IFLO

IFLO Risk / Return Rank: 87
IFLO Sharpe Ratio Rank: 85
IFLO Sortino Ratio Rank: 87
IFLO Omega Ratio Rank: 82
IFLO Calmar Ratio Rank: 93
IFLO Martin Ratio Rank: 91

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.

CFO vs. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US 500 Enhanced Volatility Weighted ETF (CFO) and VictoryShares International Free Cash Flow ETF (IFLO). 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.

	CFO	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	1.27	2.16	-0.89
Sortino ratio: Return per unit of downside risk	1.87	3.13	-1.26
Omega ratio: Gain probability vs. loss probability	1.22	1.39	-0.16
Calmar ratio: Return relative to maximum drawdown	1.93	4.91	-2.99
Martin ratio: Return relative to average drawdown	7.12	16.50	-9.38

CFO vs. IFLO - Sharpe Ratio Comparison

The current CFO Sharpe Ratio is 1.27, which is lower than the IFLO Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of CFO and IFLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CFO vs. IFLO - Drawdown Comparison

The maximum CFO drawdown since its inception was -24.35%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for CFO and IFLO.

Drawdown Indicators

	CFO	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-24.35%	-6.44%	-17.91%
Max Drawdown (1Y) Largest decline over 1 year	-7.10%	-6.44%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-17.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.35%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.35%	—	—
Current Drawdown Current decline from peak	-0.30%	-2.22%	+1.92%
Average Drawdown Average peak-to-trough decline	-5.58%	-1.29%	-4.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.91%	+0.01%

Volatility

CFO vs. IFLO - Volatility Comparison

The current volatility for VictoryShares US 500 Enhanced Volatility Weighted ETF (CFO) is 2.60%, while VictoryShares International Free Cash Flow ETF (IFLO) has a volatility of 4.77%. This indicates that CFO experiences smaller price fluctuations and is considered to be less risky than IFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CFO	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.60%	4.77%	-2.17%
Volatility (6M) Calculated over the trailing 6-month period	7.86%	12.05%	-4.19%
Volatility (1Y) Calculated over the trailing 1-year period	10.82%	14.71%	-3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.31%	14.61%	-1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.16%	14.61%	-1.45%

CFO vs. IFLO - Expense Ratio Comparison

CFO has a 0.35% expense ratio, which is lower than IFLO's 0.56% expense ratio.

Dividends

CFO vs. IFLO - Dividend Comparison

CFO's dividend yield for the trailing twelve months is around 1.22%, less than IFLO's 1.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFO VictoryShares US 500 Enhanced Volatility Weighted ETF	1.22%	1.32%	1.44%	1.72%	3.95%	1.06%	0.90%	1.44%	1.49%	1.18%	1.35%	1.31%
IFLO VictoryShares International Free Cash Flow ETF	1.57%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CFO and IFLO in my portfolio?

CFO and IFLO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CFO or IFLO?

IFLO has higher volatility (4.77%) compared to CFO (2.60%). In terms of maximum drawdown, CFO dropped -24.35% vs IFLO's -6.44%.

Which ETF is better, CFO or IFLO?

On 1-year performance, IFLO leads with 31.49% vs 13.61% for CFO. On fees, CFO is cheaper at 0.35% per year. On volatility, CFO has been the lower-risk option at 2.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CFO or IFLO?

Over the 1-year period, IFLO has performed better with a 31.49% return vs 13.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CFO or IFLO?

CFO is cheaper with a 0.35% expense ratio, compared with 0.56% for IFLO.

Which ETF pays a higher dividend yield, CFO or IFLO?

IFLO has the higher dividend yield at 1.57%, compared with 1.22% for CFO.

What is the main difference between CFO and IFLO?

CFO is categorized as Large Cap Blend Equities, while IFLO is Foreign Large Cap Equities. Their fees differ too: 0.35% for CFO and 0.56% for IFLO.

Which has better risk-adjusted returns?

IFLO currently has the higher Sharpe Ratio (2.16 vs 1.27), 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.