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CIL vs. IDEV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CIL vs. IDEV

Last updated Aug 2, 2026
Documentation

CIL (VictoryShares International Volatility Wtd ETF) and IDEV (iShares Core MSCI International Developed Markets ETF) are both Foreign Large Cap Equities funds - CIL tracks the Nasdaq Victory International 500 Volatility Weighted Index while IDEV tracks the MSCI World ex USA Investable Market Index. Both are passively managed. Over the past 5 years, CIL returned 7.36%/yr vs 9.25%/yr for IDEV. Their 0.76 correlation means they have sometimes moved together and sometimes differently. CIL charges 0.45%/yr vs 0.05%/yr for IDEV.

Performance

CIL vs. IDEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares International Volatility Wtd ETF (CIL) and iShares Core MSCI International Developed Markets ETF (IDEV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CIL achieves a 5.44% return, which is significantly lower than IDEV's 11.37% return.

CIL

1D
0.00%
1M
0.00%
6M
0.00%
YTD
5.44%
1Y
16.21%
3Y*
14.57%
5Y*
7.36%
10Y*
8.18%
ALL TIME*
7.33%

IDEV

1D
-0.72%
1M
1.04%
6M
6.43%
YTD
11.37%
1Y
25.30%
3Y*
16.97%
5Y*
9.25%
10Y*
—
ALL TIME*
9.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

CIL

VictoryShares International Volatility Wtd ETF
$0.00$0.00$0.00

IDEV

iShares Core MSCI International Developed Markets ETF
$135.88M$124.12M$125.37M

CIL vs. IDEV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CIL
VictoryShares International Volatility Wtd ETF		5.44%32.99%3.76%16.29%-16.00%11.07%7.21%19.13%-13.34%18.64%
IDEV
iShares Core MSCI International Developed Markets ETF		11.37%32.56%4.54%17.36%-14.99%13.00%8.32%23.12%-14.10%17.43%

Correlation

The correlation between CIL and IDEV is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.57

Correlation (3Y)
Balances recent behavior with more history.

0.84

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.79

Correlation (All Time)
Calculated using the full available price history since Mar 23, 2017

0.76

The correlation between CIL and IDEV shifts across timeframes, from 0.57 (1 year) to 0.84 (3 years), reflecting how their relationship changes across market environments.

CIL vs. IDEV - Sectors Allocation Comparison

Sectors
CIL
IDEV

Financial Services

24.8%
24.8%

Industrials

18.4%
18.4%

Consumer Defensive

8.8%
6.0%

Consumer Cyclical

8.2%
7.6%

Healthcare

7.7%
8.7%

Utilities

6.6%
3.5%

Basic Materials

6.6%
7.5%

Technology

6.4%
11.9%

Communication Services

5.8%
3.9%

Energy

4.6%
5.0%

Real Estate

2.2%
2.6%

Financial Services

CIL
24.8%
IDEV
24.8%

Industrials

CIL
18.4%
IDEV
18.4%

Consumer Defensive

CIL
8.8%
IDEV
6.0%

Consumer Cyclical

CIL
8.2%
IDEV
7.6%

Healthcare

CIL
7.7%
IDEV
8.7%

Utilities

CIL
6.6%
IDEV
3.5%

Basic Materials

CIL
6.6%
IDEV
7.5%

Technology

CIL
6.4%
IDEV
11.9%

Communication Services

CIL
5.8%
IDEV
3.9%

Energy

CIL
4.6%
IDEV
5.0%

Real Estate

CIL
2.2%
IDEV
2.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VictoryShares International Volatility Wtd ETF

iShares Core MSCI International Developed Markets ETF

Often compared with CIL:
CIL vs. VYMICIL vs. OVFCIL vs. PPIECIL vs. QLTICIL vs. BKCICIL vs. VXUSCIL vs. JHID
Often compared with IDEV:
IDEV vs. VYMIIDEV vs. VEAIDEV vs. IEFAIDEV vs. IXUSIDEV vs. SCHFIDEV vs. FDEVIDEV vs. VEU

Return for Risk

CIL vs. IDEV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
CIL
CIL Risk / Return Rank: 9393
Overall Rank
CIL Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
CIL Sortino Ratio Rank: 9494
Sortino Ratio Rank
CIL Omega Ratio Rank: 9696
Omega Ratio Rank
CIL Calmar Ratio Rank: 8989
Calmar Ratio Rank
CIL Martin Ratio Rank: 9494
Martin Ratio Rank
IDEV
IDEV Risk / Return Rank: 7171
Overall Rank
IDEV Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IDEV Sortino Ratio Rank: 7373
Sortino Ratio Rank
IDEV Omega Ratio Rank: 7272
Omega Ratio Rank
IDEV Calmar Ratio Rank: 6565
Calmar Ratio Rank
IDEV Martin Ratio Rank: 7272
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CIL vs. IDEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Volatility Wtd ETF (CIL) and iShares Core MSCI International Developed Markets ETF (IDEV). 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.

CILIDEVDifference
Sharpe ratioReturn per unit of total volatility
2.51
1.66

+0.85

Sortino ratioReturn per unit of downside risk
3.80
2.34

+1.46

Omega ratioGain probability vs. loss probability

1.67

1.30

+0.37

Calmar ratioReturn relative to maximum drawdown

3.69

2.24

+1.44

Martin ratioReturn relative to average drawdown

18.41

8.85

+9.56

CIL vs. IDEV - Sharpe Ratio Comparison

The current CIL Sharpe Ratio is 2.51, which is higher than the IDEV Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of CIL and IDEV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CIL vs. IDEV - Drawdown Comparison

The maximum CIL drawdown since its inception was -36.27%, roughly equal to the maximum IDEV drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for CIL and IDEV.

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Drawdown Indicators

CILIDEVDifference

Max Drawdown

Largest peak-to-trough decline

-36.27%

-34.77%

-1.50%

Max Drawdown (1Y)

Largest decline over 1 year

-4.60%

-11.20%

+6.60%

Max Drawdown (3Y)

Largest decline over 3 years

-11.29%

-13.41%

+2.12%

Max Drawdown (5Y)

Largest decline over 5 years

-29.89%

-29.15%

-0.74%

Max Drawdown (10Y)

Largest decline over 10 years

-36.27%

—

—

Current Drawdown

Current decline from peak

-0.58%

-0.72%

+0.14%

Average Drawdown

Average peak-to-trough decline

-6.47%

-6.47%

0.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.03%

2.83%

-1.80%

Volatility

CIL vs. IDEV - Volatility Comparison

The current volatility for VictoryShares International Volatility Wtd ETF (CIL) is 0.00%, while iShares Core MSCI International Developed Markets ETF (IDEV) has a volatility of 4.44%. This indicates that CIL experiences smaller price fluctuations and is considered to be less risky than IDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CILIDEVDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

4.44%

-4.44%

Volatility (6M)

Calculated over the trailing 6-month period

2.31%

13.19%

-10.88%

Volatility (1Y)

Calculated over the trailing 1-year period

6.80%

15.21%

-8.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.39%

16.36%

+0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.74%

17.25%

-0.51%

CIL vs. IDEV - Expense Ratio Comparison

CIL has a 0.45% expense ratio, which is higher than IDEV's 0.05% expense ratio.

Dividends

CIL vs. IDEV - Dividend Comparison

CIL's dividend yield for the trailing twelve months is around 1.05%, less than IDEV's 3.18% yield.

PositionTTM20252024202320222021202020192018201720162015
CIL
VictoryShares International Volatility Wtd ETF		1.05%2.70%3.46%2.91%2.41%3.04%1.73%2.69%2.85%2.17%2.34%0.43%
IDEV
iShares Core MSCI International Developed Markets ETF		3.18%3.40%3.30%3.07%2.69%3.05%2.00%3.18%3.16%1.54%0.00%0.00%

Frequently Asked Questions

CIL and IDEV have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IDEV has higher volatility (4.44%) compared to CIL (0.00%). In terms of maximum drawdown, CIL dropped -36.27% vs IDEV's -34.77%.

On 5-year performance, IDEV leads with 9.25% vs 7.36% for CIL. On fees, IDEV is cheaper at 0.05% 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.

Over the 5-year period, IDEV has performed better with a 9.25% return vs 7.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IDEV is cheaper with a 0.05% expense ratio, compared with 0.45% for CIL.

IDEV has the higher dividend yield at 3.18%, compared with 1.05% for CIL.

CIL tracks Nasdaq Victory International 500 Volatility Weighted Index, while IDEV tracks MSCI World ex USA Investable Market Index. They also come from different issuers: Crestview and iShares. Their fees differ too: 0.45% for CIL and 0.05% for IDEV.

CIL currently has the higher Sharpe Ratio (2.51 vs 1.66), 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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