GVUS vs. CDC

Last updated Jun 24, 2026

GVUS (Goldman Sachs MarketBeta Russell 1000 Value Equity ETF) and CDC (VictoryShares US EQ Income Enhanced Volatility Wtd ETF) are both Large Cap Value Equities funds - GVUS tracks the Russell 1000 Value 40 Act Daily Capped Index - Benchmark TR Gross while CDC tracks the Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index. Both are passively managed. Over the past year, GVUS returned 28.38% vs 21.05% for CDC. A 0.77 correlation means they provide meaningful diversification when combined. GVUS charges 0.12%/yr vs 0.37%/yr for CDC.

Performance

GVUS vs. CDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) and VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GVUS achieves a 15.43% return, which is significantly higher than CDC's 13.97% return.

GVUS

• 1D: -0.93%
• 1M: 2.38%
• YTD: 15.43%
• 6M: 14.79%
• 1Y: 28.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CDC

• 1D: 1.02%
• 1M: 0.81%
• YTD: 13.97%
• 6M: 13.78%
• 1Y: 21.05%
• 3Y*: 12.98%
• 5Y*: 6.51%
• 10Y*: 10.51%

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

GVUS vs. CDC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GVUS Goldman Sachs MarketBeta Russell 1000 Value Equity ETF	15.43%	15.90%	14.08%	5.51%
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	13.97%	8.96%	14.48%	1.73%

Correlation

The correlation between GVUS and CDC is 0.66, 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	0.66
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.77

The correlation between GVUS and CDC shifts across timeframes, from 0.66 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

GVUS vs. CDC - Sectors Allocation Comparison

Sectors	GVUS	CDC
Technology	18.7%	5.0%
Financial Services	18.4%	24.0%
Industrials	12.6%	4.4%
Healthcare	10.6%	6.9%
Communication Services	8.1%	4.0%
Consumer Cyclical	7.2%	7.0%
Consumer Defensive	6.7%	15.1%
Energy	6.3%	8.8%
Utilities	4.0%	23.9%
Real Estate	3.9%	0.0%
Basic Materials	3.6%	0.0%

Return for Risk

GVUS vs. CDC — Risk / Return Rank

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

GVUS

GVUS Risk / Return Rank: 86
GVUS Sharpe Ratio Rank: 86
GVUS Sortino Ratio Rank: 88
GVUS Omega Ratio Rank: 84
GVUS Calmar Ratio Rank: 85
GVUS Martin Ratio Rank: 88

CDC

CDC Risk / Return Rank: 72
CDC Sharpe Ratio Rank: 70
CDC Sortino Ratio Rank: 74
CDC Omega Ratio Rank: 64
CDC Calmar Ratio Rank: 77
CDC Martin Ratio Rank: 74

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.

GVUS vs. CDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) and VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC). 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.

	GVUS	CDC	Difference
Sharpe ratio: Return per unit of total volatility	2.54	2.12	+0.42
Sortino ratio: Return per unit of downside risk	3.57	3.09	+0.48
Omega ratio: Gain probability vs. loss probability	1.46	1.36	+0.09
Calmar ratio: Return relative to maximum drawdown	4.27	3.73	+0.54
Martin ratio: Return relative to average drawdown	17.63	13.12	+4.51

GVUS vs. CDC - Sharpe Ratio Comparison

The current GVUS Sharpe Ratio is 2.54, which is comparable to the CDC Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of GVUS and CDC, 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

GVUS vs. CDC - Drawdown Comparison

The maximum GVUS drawdown since its inception was -15.82%, smaller than the maximum CDC drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for GVUS and CDC.

Drawdown Indicators

	GVUS	CDC	Difference
Max Drawdown Largest peak-to-trough decline	-15.82%	-21.37%	+5.55%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-5.67%	-1.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-21.37%	—
Current Drawdown Current decline from peak	-1.00%	-0.49%	-0.51%
Average Drawdown Average peak-to-trough decline	-1.98%	-5.09%	+3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	1.61%	0.00%

Volatility

GVUS vs. CDC - Volatility Comparison

Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) has a higher volatility of 3.89% compared to VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) at 3.44%. This indicates that GVUS's price experiences larger fluctuations and is considered to be riskier than CDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GVUS	CDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	3.44%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	8.65%	7.13%	+1.52%
Volatility (1Y) Calculated over the trailing 1-year period	11.24%	9.99%	+1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.33%	12.52%	+0.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.33%	13.21%	+0.12%

GVUS vs. CDC - Expense Ratio Comparison

GVUS has a 0.12% expense ratio, which is lower than CDC's 0.37% expense ratio.

Dividends

GVUS vs. CDC - Dividend Comparison

GVUS's dividend yield for the trailing twelve months is around 1.56%, less than CDC's 3.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	3.14%	3.36%	3.32%	4.24%	3.48%	2.65%	2.48%	3.04%	3.37%	2.81%	2.99%	3.17%
GVUS Goldman Sachs MarketBeta Russell 1000 Value Equity ETF	1.56%	1.77%	2.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GVUS and CDC in my portfolio?

GVUS and CDC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GVUS or CDC?

GVUS has higher volatility (3.89%) compared to CDC (3.44%). In terms of maximum drawdown, GVUS dropped -15.82% vs CDC's -21.37%.

Which ETF is better, GVUS or CDC?

On 1-year performance, GVUS leads with 28.38% vs 21.05% for CDC. On fees, GVUS is cheaper at 0.12% per year. On volatility, CDC has been the lower-risk option at 3.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GVUS or CDC?

Over the 1-year period, GVUS has performed better with a 28.38% return vs 21.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GVUS or CDC?

GVUS is cheaper with a 0.12% expense ratio, compared with 0.37% for CDC.

Which ETF pays a higher dividend yield, GVUS or CDC?

CDC has the higher dividend yield at 3.14%, compared with 1.56% for GVUS.

What is the main difference between GVUS and CDC?

GVUS tracks Russell 1000 Value 40 Act Daily Capped Index - Benchmark TR Gross, while CDC tracks Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index. They also come from different issuers: Goldman Sachs and Crestview. Their fees differ too: 0.12% for GVUS and 0.37% for CDC.

Which has better risk-adjusted returns?

GVUS currently has the higher Sharpe Ratio (2.54 vs 2.12), 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.