CIL vs. CSB

Last updated Jun 3, 2026

CIL (VictoryShares International Volatility Wtd ETF) and CSB (VictoryShares US Small Cap High Dividend Volatility Wtd ETF) are both exchange-traded funds - CIL is a Foreign Large Cap Equities fund tracking the Nasdaq Victory International 500 Volatility Weighted Index, while CSB is a Small Cap Blend Equities fund tracking the Nasdaq Victory U.S. Small Cap High Dividend 100 Volatility Weighted Index. Both are passively managed. Over the past 10 years, CIL returned 8.21%/yr vs 9.70%/yr for CSB. At a 0.48 correlation, their price movements are largely independent. CIL charges 0.45%/yr vs 0.35%/yr for CSB.

Performance

CIL vs. CSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares International Volatility Wtd ETF (CIL) and VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CIL achieves a 5.44% return, which is significantly lower than CSB's 9.49% return. Over the past 10 years, CIL has underperformed CSB with an annualized return of 8.21%, while CSB has yielded a comparatively higher 9.70% annualized return.

CIL

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.44%
• 6M: 8.27%
• 1Y: 16.20%
• 3Y*: 15.59%
• 5Y*: 7.45%
• 10Y*: 8.21%

CSB

• 1D: 0.91%
• 1M: -1.67%
• YTD: 9.49%
• 6M: 10.26%
• 1Y: 21.07%
• 3Y*: 11.89%
• 5Y*: 3.93%
• 10Y*: 9.70%

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

CIL vs. CSB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CIL VictoryShares International Volatility Wtd ETF	5.44%	32.99%	3.76%	16.29%	-16.00%	11.07%	7.21%	19.13%	-13.34%	27.67%
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF	9.49%	2.26%	9.64%	12.60%	-13.11%	27.04%	11.30%	21.12%	-7.10%	11.32%

Correlation

The correlation between CIL and CSB is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Aug 21, 2015	0.48

The correlation between CIL and CSB shifts across timeframes, from 0.40 (1 year) to 0.56 (3 years), reflecting how their relationship changes across market environments.

CIL vs. CSB - Sectors Allocation Comparison

Sectors	CIL	CSB
Financial Services	24.8%	26.5%
Industrials	18.4%	8.5%
Consumer Defensive	8.8%	4.4%
Consumer Cyclical	8.2%	19.0%
Healthcare	7.7%	0.4%
Utilities	6.6%	22.0%
Basic Materials	6.6%	3.4%
Technology	6.4%	1.2%
Communication Services	5.8%	3.6%
Energy	4.6%	11.5%
Real Estate	2.2%	-

Return for Risk

CIL vs. CSB — Risk / Return Rank

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

CIL

CIL Risk / Return Rank: 73
CIL Sharpe Ratio Rank: 61
CIL Sortino Ratio Rank: 62
CIL Omega Ratio Rank: 73
CIL Calmar Ratio Rank: 81
CIL Martin Ratio Rank: 86

CSB

CSB Risk / Return Rank: 46
CSB Sharpe Ratio Rank: 41
CSB Sortino Ratio Rank: 44
CSB Omega Ratio Rank: 40
CSB Calmar Ratio Rank: 56
CSB Martin Ratio Rank: 48

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.

CIL vs. CSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Volatility Wtd ETF (CIL) and VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB). 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.

	CIL	CSB	Difference
Sharpe ratio Return per unit of total volatility	2.07	1.46	+0.61
Sortino ratio Return per unit of downside risk	2.96	2.22	+0.74
Omega ratio Gain probability vs. loss probability	1.45	1.26	+0.18
Calmar ratio Return relative to maximum drawdown	4.32	2.81	+1.51
Martin ratio Return relative to average drawdown	18.62	8.15	+10.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CIL vs. CSB - Sharpe Ratio Comparison

The current CIL Sharpe Ratio is 2.07, which is higher than the CSB Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of CIL and CSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CIL	CSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.46	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.21	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.46	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.45	-0.02

Drawdowns

CIL vs. CSB - Drawdown Comparison

The maximum CIL drawdown since its inception was -36.27%, smaller than the maximum CSB drawdown of -42.07%. Use the drawdown chart below to compare losses from any high point for CIL and CSB.

Drawdown Indicators

	CIL	CSB	Difference
Max Drawdown Largest peak-to-trough decline	-36.27%	-42.07%	+5.80%
Max Drawdown (1Y) Largest decline over 1 year	-4.60%	-7.18%	+2.58%
Max Drawdown (3Y) Largest decline over 3 years	-11.96%	-21.82%	+9.86%
Max Drawdown (5Y) Largest decline over 5 years	-29.89%	-24.49%	-5.40%
Max Drawdown (10Y) Largest decline over 10 years	-36.27%	-42.07%	+5.80%
Current Drawdown Current decline from peak	-0.58%	-2.05%	+1.47%
Average Drawdown Average peak-to-trough decline	-6.56%	-7.14%	+0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	2.47%	-1.40%

Volatility

CIL vs. CSB - Volatility Comparison

The current volatility for VictoryShares International Volatility Wtd ETF (CIL) is 0.00%, while VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) has a volatility of 3.62%. This indicates that CIL experiences smaller price fluctuations and is considered to be less risky than CSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIL	CSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	3.62%	-3.62%
Volatility (6M) Calculated over the trailing 6-month period	4.42%	9.12%	-4.70%
Volatility (1Y) Calculated over the trailing 1-year period	8.26%	14.52%	-6.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.49%	18.78%	-2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.18%	21.31%	-4.13%

CIL vs. CSB - Expense Ratio Comparison

CIL has a 0.45% expense ratio, which is higher than CSB's 0.35% expense ratio.

Dividends

CIL vs. CSB - Dividend Comparison

CIL's dividend yield for the trailing twelve months is around 1.67%, less than CSB's 3.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIL VictoryShares International Volatility Wtd ETF	1.67%	2.70%	3.46%	2.91%	2.41%	3.04%	1.73%	2.69%	2.85%	2.17%	2.34%	0.43%
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF	3.23%	3.54%	3.12%	3.45%	3.60%	3.11%	3.70%	3.19%	3.45%	3.19%	2.85%	1.57%

Frequently Asked Questions

Can I hold both CIL and CSB in my portfolio?

CIL and CSB have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CIL or CSB?

CSB has higher volatility (3.62%) compared to CIL (0.00%). In terms of maximum drawdown, CIL dropped -36.27% vs CSB's -42.07%.

Which ETF is better, CIL or CSB?

On 10-year performance, CSB leads with 9.70% vs 8.21% for CIL. On fees, CSB is cheaper at 0.35% per year. On volatility, CIL has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CIL or CSB?

Over the 10-year period, CSB has performed better with a 9.70% return vs 8.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CIL or CSB?

CSB is cheaper with a 0.35% expense ratio, compared with 0.45% for CIL.

Which ETF pays a higher dividend yield, CIL or CSB?

CSB has the higher dividend yield at 3.23%, compared with 1.67% for CIL.

What is the main difference between CIL and CSB?

CIL is categorized as Foreign Large Cap Equities, while CSB is Small Cap Blend Equities. CIL tracks Nasdaq Victory International 500 Volatility Weighted Index, while CSB tracks Nasdaq Victory U.S. Small Cap High Dividend 100 Volatility Weighted Index. Their fees differ too: 0.45% for CIL and 0.35% for CSB.

Which has better risk-adjusted returns?

CIL currently has the higher Sharpe Ratio (2.07 vs 1.46), 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.