DIVI vs. CIL

Last updated Jun 26, 2026

DIVI (Franklin International Core Dividend Tilt Index ETF) and CIL (VictoryShares International Volatility Wtd ETF) are both Foreign Large Cap Equities funds - DIVI tracks the Morningstar Developed Markets ex-North America Dividend Enhanced Select Index while CIL tracks the Nasdaq Victory International 500 Volatility Weighted Index. Both are passively managed. Over the past 10 years, DIVI returned 11.87%/yr vs 9.21%/yr for CIL. A 0.67 correlation means they provide meaningful diversification when combined. DIVI charges 0.09%/yr vs 0.45%/yr for CIL.

Performance

DIVI vs. CIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin International Core Dividend Tilt Index ETF (DIVI) 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, DIVI achieves a 11.46% return, which is significantly higher than CIL's 5.44% return. Over the past 10 years, DIVI has outperformed CIL with an annualized return of 11.87%, while CIL has yielded a comparatively lower 9.21% annualized return.

DIVI

• 1D: 0.98%
• 1M: -0.51%
• YTD: 11.46%
• 6M: 10.92%
• 1Y: 26.73%
• 3Y*: 18.43%
• 5Y*: 13.38%
• 10Y*: 11.87%

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)

DIVI vs. CIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVI Franklin International Core Dividend Tilt Index ETF	11.46%	34.86%	1.77%	18.97%	-1.21%	16.95%	1.29%	22.98%	-6.73%	13.65%
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 DIVI and CIL is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jun 3, 2016	0.67

The correlation between DIVI and CIL shifts across timeframes, from 0.64 (1 year) to 0.86 (3 years), reflecting how their relationship changes across market environments.

DIVI vs. CIL - Sectors Allocation Comparison

Sectors	DIVI	CIL
Financial Services	29.7%	24.8%
Industrials	17.3%	18.4%
Technology	12.2%	6.4%
Healthcare	7.3%	7.7%
Consumer Cyclical	7.1%	8.2%
Consumer Defensive	6.4%	8.8%
Basic Materials	5.2%	6.6%
Utilities	4.8%	6.6%
Communication Services	4.1%	5.8%
Energy	3.2%	4.6%
Real Estate	2.1%	2.2%

Return for Risk

DIVI vs. CIL — Risk / Return Rank

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

DIVI

DIVI Risk / Return Rank: 60
DIVI Sharpe Ratio Rank: 61
DIVI Sortino Ratio Rank: 60
DIVI Omega Ratio Rank: 58
DIVI Calmar Ratio Rank: 60
DIVI Martin Ratio Rank: 63

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.

DIVI vs. CIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin International Core Dividend Tilt Index ETF (DIVI) 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.

	DIVI	CIL	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.24	-0.48
Sortino ratio: Return per unit of downside risk	2.45	3.28	-0.83
Omega ratio: Gain probability vs. loss probability	1.31	1.52	-0.21
Calmar ratio: Return relative to maximum drawdown	2.55	3.70	-1.15
Martin ratio: Return relative to average drawdown	9.78	16.06	-6.28

DIVI vs. CIL - Sharpe Ratio Comparison

The current DIVI Sharpe Ratio is 1.76, which is comparable to the CIL Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of DIVI 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

DIVI vs. CIL - Drawdown Comparison

The maximum DIVI drawdown since its inception was -27.76%, smaller than the maximum CIL drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for DIVI and CIL.

Drawdown Indicators

	DIVI	CIL	Difference
Max Drawdown Largest peak-to-trough decline	-27.76%	-36.27%	+8.51%
Max Drawdown (1Y) Largest decline over 1 year	-10.54%	-4.60%	-5.94%
Max Drawdown (3Y) Largest decline over 3 years	-14.58%	-11.96%	-2.62%
Max Drawdown (5Y) Largest decline over 5 years	-18.53%	-29.89%	+11.36%
Max Drawdown (10Y) Largest decline over 10 years	-27.76%	-36.27%	+8.51%
Current Drawdown Current decline from peak	-1.35%	-0.58%	-0.77%
Average Drawdown Average peak-to-trough decline	-3.62%	-6.52%	+2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	1.07%	+1.67%

Volatility

DIVI vs. CIL - Volatility Comparison

Franklin International Core Dividend Tilt Index ETF (DIVI) has a higher volatility of 5.16% compared to VictoryShares International Volatility Wtd ETF (CIL) at 0.00%. This indicates that DIVI'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

	DIVI	CIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	0.00%	+5.16%
Volatility (6M) Calculated over the trailing 6-month period	12.97%	3.36%	+9.61%
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	7.60%	+7.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.43%	16.47%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.35%	17.07%	-0.72%

DIVI vs. CIL - Expense Ratio Comparison

DIVI has a 0.09% expense ratio, which is lower than CIL's 0.45% expense ratio.

Dividends

DIVI vs. CIL - Dividend Comparison

DIVI's dividend yield for the trailing twelve months is around 2.04%, 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%
DIVI Franklin International Core Dividend Tilt Index ETF	2.04%	3.76%	4.39%	3.17%	6.03%	2.77%	8.04%	1.61%	5.67%	5.22%	11.56%	0.00%

Frequently Asked Questions

Can I hold both DIVI and CIL in my portfolio?

DIVI and CIL have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVI or CIL?

DIVI has higher volatility (5.16%) compared to CIL (0.00%). In terms of maximum drawdown, DIVI dropped -27.76% vs CIL's -36.27%.

Which ETF is better, DIVI or CIL?

On 10-year performance, DIVI leads with 11.87% vs 9.21% for CIL. On fees, DIVI is cheaper at 0.09% 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, DIVI or CIL?

Over the 10-year period, DIVI has performed better with a 11.87% return vs 9.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVI or CIL?

DIVI is cheaper with a 0.09% expense ratio, compared with 0.45% for CIL.

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

DIVI has the higher dividend yield at 2.04%, compared with 1.20% for CIL.

What is the main difference between DIVI and CIL?

DIVI tracks Morningstar Developed Markets ex-North America Dividend Enhanced Select Index, while CIL tracks Nasdaq Victory International 500 Volatility Weighted Index. They also come from different issuers: Franklin Templeton and Crestview. Their fees differ too: 0.09% for DIVI and 0.45% for CIL.

Which has better risk-adjusted returns?

CIL currently has the higher Sharpe Ratio (2.24 vs 1.76), 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.