CFO vs. SPLV
Compare and contrast key facts about VictoryShares US 500 Enhanced Volatility Wtd ETF (CFO) and Invesco S&P 500® Low Volatility ETF (SPLV).
CFO and SPLV 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. SPLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Index. It was launched on May 5, 2011. Both CFO and SPLV 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 SPLV.
Key characteristics
| CFO | SPLV | |
|---|---|---|
| YTD Return | 4.17% | 2.47% |
| 1Y Return | 3.59% | 2.68% |
| 3Y Return (Ann) | -1.48% | 4.02% |
| 5Y Return (Ann) | 7.26% | 5.80% |
| Sharpe Ratio | 0.23 | 0.18 |
| Daily Std Dev | 9.99% | 9.57% |
| Max Drawdown | -24.35% | -36.26% |
| Current Drawdown | -14.20% | -3.78% |
Correlation
The correlation between CFO and SPLV is 0.76, 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.
Performance
CFO vs. SPLV - Performance Comparison
In the year-to-date period, CFO achieves a 4.17% return, which is significantly higher than SPLV's 2.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CFO vs. SPLV - Expense Ratio Comparison
CFO has a 0.35% expense ratio, which is higher than SPLV's 0.25% expense ratio.
Risk-Adjusted Performance
CFO vs. SPLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US 500 Enhanced Volatility Wtd ETF (CFO) and Invesco S&P 500® Low Volatility ETF (SPLV). 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.
Dividends
CFO vs. SPLV - Dividend Comparison
CFO's dividend yield for the trailing twelve months is around 1.88%, less than SPLV's 2.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF | 1.88% | 1.72% | 3.95% | 1.06% | 0.90% | 1.44% | 1.49% | 1.18% | 1.35% | 1.31% | 0.50% | 0.00% |
SPLV Invesco S&P 500® Low Volatility ETF | 2.40% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% | 2.20% | 2.60% |
Drawdowns
CFO vs. SPLV - Drawdown Comparison
The maximum CFO drawdown since its inception was -24.35%, smaller than the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for CFO and SPLV. For additional features, visit the drawdowns tool.
Volatility
CFO vs. SPLV - Volatility Comparison
VictoryShares US 500 Enhanced Volatility Wtd ETF (CFO) has a higher volatility of 3.15% compared to Invesco S&P 500® Low Volatility ETF (SPLV) at 2.77%. This indicates that CFO's price experiences larger fluctuations and is considered to be riskier than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.