CSB vs. VSDA

Last updated Jun 4, 2026

CSB (VictoryShares US Small Cap High Dividend Volatility Wtd ETF) and VSDA (VictoryShares Dividend Accelerator ETF) are both exchange-traded funds - CSB is a Small Cap Blend Equities fund tracking the Nasdaq Victory U.S. Small Cap High Dividend 100 Volatility Weighted Index, while VSDA is a Large Cap Growth Equities fund tracking the Nasdaq Victory Dividend Accelerator Index. Both are passively managed. Over the past 5 years, CSB returned 3.65%/yr vs 6.69%/yr for VSDA. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

CSB vs. VSDA - Performance Comparison

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

Returns By Period

In the year-to-date period, CSB achieves a 8.30% return, which is significantly higher than VSDA's 4.72% return.

CSB

• 1D: -1.09%
• 1M: -1.58%
• YTD: 8.30%
• 6M: 7.74%
• 1Y: 17.95%
• 3Y*: 11.48%
• 5Y*: 3.65%
• 10Y*: 9.58%

VSDA

• 1D: 0.04%
• 1M: 0.21%
• YTD: 4.72%
• 6M: 4.63%
• 1Y: 10.40%
• 3Y*: 9.81%
• 5Y*: 6.69%
• 10Y*: —

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

CSB vs. VSDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF	8.30%	2.26%	9.64%	12.60%	-13.11%	27.04%	11.30%	21.12%	-7.10%	14.32%
VSDA VictoryShares Dividend Accelerator ETF	4.72%	6.67%	9.40%	8.74%	-4.42%	21.95%	12.72%	31.39%	-1.40%	14.27%

Correlation

The correlation between CSB and VSDA is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Apr 19, 2017	0.72

The correlation between CSB and VSDA shifts across timeframes, from 0.72 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.

CSB vs. VSDA - Sectors Allocation Comparison

Sectors	CSB	VSDA
Financial Services	26.5%	21.0%
Utilities	22.0%	2.7%
Consumer Cyclical	19.0%	5.1%
Energy	11.5%	2.5%
Industrials	8.5%	16.8%
Consumer Defensive	4.4%	31.5%
Communication Services	3.6%	0.1%
Basic Materials	3.4%	8.0%
Technology	1.2%	4.7%
Healthcare	0.4%	7.6%
Real Estate	-	0.0%

Return for Risk

CSB vs. VSDA — Risk / Return Rank

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

CSB

CSB Risk / Return Rank: 40
CSB Sharpe Ratio Rank: 35
CSB Sortino Ratio Rank: 36
CSB Omega Ratio Rank: 33
CSB Calmar Ratio Rank: 51
CSB Martin Ratio Rank: 44

VSDA

VSDA Risk / Return Rank: 24
VSDA Sharpe Ratio Rank: 26
VSDA Sortino Ratio Rank: 26
VSDA Omega Ratio Rank: 23
VSDA Calmar Ratio Rank: 24
VSDA Martin Ratio Rank: 22

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.

CSB vs. VSDA - Risk-Adjusted Trends Comparison

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

	CSB	VSDA	Difference
Sharpe ratio Return per unit of total volatility	1.25	0.93	+0.32
Sortino ratio Return per unit of downside risk	1.92	1.44	+0.48
Omega ratio Gain probability vs. loss probability	1.22	1.16	+0.06
Calmar ratio Return relative to maximum drawdown	2.51	1.11	+1.41
Martin ratio Return relative to average drawdown	7.26	2.84	+4.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSB vs. VSDA - Sharpe Ratio Comparison

The current CSB Sharpe Ratio is 1.25, which is higher than the VSDA Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of CSB and VSDA, 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

	CSB	VSDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	0.93	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.48	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.66	-0.22

Drawdowns

CSB vs. VSDA - Drawdown Comparison

The maximum CSB drawdown since its inception was -42.07%, which is greater than VSDA's maximum drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for CSB and VSDA.

Drawdown Indicators

	CSB	VSDA	Difference
Max Drawdown Largest peak-to-trough decline	-42.07%	-32.12%	-9.95%
Max Drawdown (1Y) Largest decline over 1 year	-7.18%	-9.44%	+2.26%
Max Drawdown (3Y) Largest decline over 3 years	-21.82%	-15.54%	-6.28%
Max Drawdown (5Y) Largest decline over 5 years	-24.49%	-16.14%	-8.35%
Max Drawdown (10Y) Largest decline over 10 years	-42.07%	—	—
Current Drawdown Current decline from peak	-3.12%	-6.28%	+3.16%
Average Drawdown Average peak-to-trough decline	-7.14%	-3.64%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	3.67%	-1.19%

Volatility

CSB vs. VSDA - Volatility Comparison

VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) has a higher volatility of 3.59% compared to VictoryShares Dividend Accelerator ETF (VSDA) at 2.84%. This indicates that CSB's price experiences larger fluctuations and is considered to be riskier than VSDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSB	VSDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	2.84%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	8.12%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	14.54%	11.23%	+3.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.78%	14.03%	+4.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.31%	16.59%	+4.72%

CSB vs. VSDA - Expense Ratio Comparison

Both CSB and VSDA have an expense ratio of 0.35%.

Dividends

CSB vs. VSDA - Dividend Comparison

CSB's dividend yield for the trailing twelve months is around 3.26%, more than VSDA's 2.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF	3.26%	3.54%	3.12%	3.45%	3.60%	3.11%	3.70%	3.19%	3.45%	3.19%	2.85%	1.57%
VSDA VictoryShares Dividend Accelerator ETF	2.61%	2.65%	2.36%	1.92%	1.83%	1.40%	1.49%	1.36%	1.69%	1.23%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CSB and VSDA in my portfolio?

CSB and VSDA have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSB or VSDA?

CSB has higher volatility (3.59%) compared to VSDA (2.84%). In terms of maximum drawdown, CSB dropped -42.07% vs VSDA's -32.12%.

Which ETF is better, CSB or VSDA?

On 5-year performance, VSDA leads with 6.69% vs 3.65% for CSB. Both ETFs have the same 0.35% expense ratio. On volatility, VSDA has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CSB or VSDA?

Over the 5-year period, VSDA has performed better with a 6.69% return vs 3.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CSB or VSDA?

CSB and VSDA have the same expense ratio: 0.35% per year.

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

CSB has the higher dividend yield at 3.26%, compared with 2.61% for VSDA.

What is the main difference between CSB and VSDA?

CSB is categorized as Small Cap Blend Equities, while VSDA is Large Cap Growth Equities. CSB tracks Nasdaq Victory U.S. Small Cap High Dividend 100 Volatility Weighted Index, while VSDA tracks Nasdaq Victory Dividend Accelerator Index.

Which has better risk-adjusted returns?

CSB currently has the higher Sharpe Ratio (1.25 vs 0.93), 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.