DEEF vs. CIL

Last updated Jun 26, 2026

DEEF (Xtrackers FTSE Developed ex US Multifactor ETF) and CIL (VictoryShares International Volatility Wtd ETF) are both Foreign Large Cap Equities funds - DEEF tracks the FTSE Developed ex US Comprehensive Factor Net Tax (US RIC) Index while CIL tracks the Nasdaq Victory International 500 Volatility Weighted Index. Both are passively managed. Over the past 10 years, DEEF returned 9.04%/yr vs 9.21%/yr for CIL. A 0.71 correlation means they provide meaningful diversification when combined. DEEF charges 0.24%/yr vs 0.45%/yr for CIL.

Performance

DEEF vs. CIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers FTSE Developed ex US Multifactor ETF (DEEF) and VictoryShares International Volatility Wtd ETF (CIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEEF achieves a 8.64% return, which is significantly higher than CIL's 5.44% return. Both investments have delivered pretty close results over the past 10 years, with DEEF having a 9.04% annualized return and CIL not far ahead at 9.21%.

DEEF

• 1D: 0.46%
• 1M: -2.50%
• YTD: 8.64%
• 6M: 8.32%
• 1Y: 20.84%
• 3Y*: 17.09%
• 5Y*: 7.34%
• 10Y*: 9.04%

CIL

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.44%
• 6M: 5.21%
• 1Y: 16.27%
• 3Y*: 15.81%
• 5Y*: 7.55%
• 10Y*: 9.21%

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

DEEF vs. CIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DEEF Xtrackers FTSE Developed ex US Multifactor ETF	8.64%	32.36%	2.77%	16.99%	-16.94%	9.22%	7.90%	19.30%	-14.50%	29.23%
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%

Correlation

The correlation between DEEF and CIL is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Nov 24, 2015	0.72

The correlation between DEEF and CIL shifts across timeframes, from 0.59 (1 year) to 0.83 (3 years), reflecting how their relationship changes across market environments.

DEEF vs. CIL - Sectors Allocation Comparison

Sectors	DEEF	CIL
Industrials	25.0%	18.4%
Financial Services	14.2%	24.8%
Consumer Cyclical	10.8%	8.2%
Consumer Defensive	10.0%	8.8%
Basic Materials	9.2%	6.6%
Utilities	6.9%	6.6%
Real Estate	5.5%	2.2%
Energy	5.1%	4.6%
Technology	4.8%	6.4%
Communication Services	4.4%	5.8%
Healthcare	4.2%	7.7%

Return for Risk

DEEF vs. CIL — Risk / Return Rank

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

DEEF

DEEF Risk / Return Rank: 47
DEEF Sharpe Ratio Rank: 49
DEEF Sortino Ratio Rank: 47
DEEF Omega Ratio Rank: 49
DEEF Calmar Ratio Rank: 44
DEEF Martin Ratio Rank: 44

CIL

CIL Risk / Return Rank: 84
CIL Sharpe Ratio Rank: 80
CIL Sortino Ratio Rank: 84
CIL Omega Ratio Rank: 91
CIL Calmar Ratio Rank: 80
CIL Martin Ratio Rank: 86

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.

DEEF vs. CIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE Developed ex US Multifactor ETF (DEEF) and VictoryShares International Volatility Wtd ETF (CIL). 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.

	DEEF	CIL	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.24	-0.73
Sortino ratio: Return per unit of downside risk	2.11	3.28	-1.18
Omega ratio: Gain probability vs. loss probability	1.28	1.52	-0.24
Calmar ratio: Return relative to maximum drawdown	1.97	3.70	-1.73
Martin ratio: Return relative to average drawdown	6.43	16.06	-9.62

DEEF vs. CIL - Sharpe Ratio Comparison

The current DEEF Sharpe Ratio is 1.51, which is lower than the CIL Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of DEEF and CIL, 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

DEEF vs. CIL - Drawdown Comparison

The maximum DEEF drawdown since its inception was -36.48%, roughly equal to the maximum CIL drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for DEEF and CIL.

Drawdown Indicators

	DEEF	CIL	Difference
Max Drawdown Largest peak-to-trough decline	-36.48%	-36.27%	-0.21%
Max Drawdown (1Y) Largest decline over 1 year	-10.64%	-4.60%	-6.04%
Max Drawdown (3Y) Largest decline over 3 years	-11.07%	-11.96%	+0.89%
Max Drawdown (5Y) Largest decline over 5 years	-31.08%	-29.89%	-1.19%
Max Drawdown (10Y) Largest decline over 10 years	-36.48%	-36.27%	-0.21%
Current Drawdown Current decline from peak	-5.03%	-0.58%	-4.45%
Average Drawdown Average peak-to-trough decline	-7.07%	-6.52%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	1.07%	+2.18%

Volatility

DEEF vs. CIL - Volatility Comparison

Xtrackers FTSE Developed ex US Multifactor ETF (DEEF) has a higher volatility of 4.03% compared to VictoryShares International Volatility Wtd ETF (CIL) at 0.00%. This indicates that DEEF's price experiences larger fluctuations and is considered to be riskier than CIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEEF	CIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	0.00%	+4.03%
Volatility (6M) Calculated over the trailing 6-month period	12.09%	3.36%	+8.73%
Volatility (1Y) Calculated over the trailing 1-year period	13.85%	7.60%	+6.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.98%	16.47%	-1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.04%	17.07%	-1.03%

DEEF vs. CIL - Expense Ratio Comparison

DEEF has a 0.24% expense ratio, which is lower than CIL's 0.45% expense ratio.

Dividends

DEEF vs. CIL - Dividend Comparison

DEEF's dividend yield for the trailing twelve months is around 3.49%, more than CIL's 1.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIL VictoryShares International Volatility Wtd ETF	1.20%	2.70%	3.46%	2.91%	2.41%	3.04%	1.73%	2.69%	2.85%	2.17%	2.34%	0.43%
DEEF Xtrackers FTSE Developed ex US Multifactor ETF	3.49%	3.63%	4.04%	3.96%	3.31%	3.84%	2.71%	3.74%	2.80%	2.61%	4.35%	0.00%

Frequently Asked Questions

Can I hold both DEEF and CIL in my portfolio?

DEEF and CIL have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEEF or CIL?

DEEF has higher volatility (4.03%) compared to CIL (0.00%). In terms of maximum drawdown, DEEF dropped -36.48% vs CIL's -36.27%.

Which ETF is better, DEEF or CIL?

On 10-year performance, CIL leads with 9.21% vs 9.04% for DEEF. On fees, DEEF is cheaper at 0.24% 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, DEEF or CIL?

Over the 10-year period, CIL has performed better with a 9.21% return vs 9.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEEF or CIL?

DEEF is cheaper with a 0.24% expense ratio, compared with 0.45% for CIL.

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

DEEF has the higher dividend yield at 3.49%, compared with 1.20% for CIL.

What is the main difference between DEEF and CIL?

DEEF tracks FTSE Developed ex US Comprehensive Factor Net Tax (US RIC) Index, while CIL tracks Nasdaq Victory International 500 Volatility Weighted Index. They also come from different issuers: Deutsche Bank and Crestview. Their fees differ too: 0.24% for DEEF and 0.45% for CIL.

Which has better risk-adjusted returns?

CIL currently has the higher Sharpe Ratio (2.24 vs 1.51), 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.