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HDAW vs. CIL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HDAW vs. CIL

Last updated Jun 5, 2026

HDAW (Xtrackers MSCI All World ex US High Dividend Yield Equity ETF) and CIL (VictoryShares International Volatility Wtd ETF) are both Foreign Large Cap Equities funds - HDAW tracks the MSCI ACWI ex USA High Dividend Yield US Dollar Hedged Index while CIL tracks the Nasdaq Victory International 500 Volatility Weighted Index. Both are passively managed. A 0.55 correlation means they provide meaningful diversification when combined. HDAW charges 0.20%/yr vs 0.45%/yr for CIL.

Performance

HDAW vs. CIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI All World ex US High Dividend Yield Equity ETF (HDAW) and VictoryShares International Volatility Wtd ETF (CIL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

HDAW

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

CIL

1D
0.00%
1M
0.00%
YTD
5.44%
6M
7.75%
1Y
16.45%
3Y*
15.79%
5Y*
7.45%
10Y*
8.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HDAW vs. CIL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HDAW
Xtrackers MSCI All World ex US High Dividend Yield Equity ETF		0.00%0.00%6.53%16.58%-5.74%9.73%-3.67%22.40%-13.63%13.22%
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 HDAW and CIL is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.57

Correlation (10Y)
Calculated over the trailing 10-year period

0.57

Correlation (All Time)
Calculated using the full available price history since Aug 21, 2015

0.55

The correlation between HDAW and CIL shifts across timeframes, from 0.47 (3 years) to 0.57 (10 years), reflecting how their relationship changes across market environments.

HDAW vs. CIL - Sectors Allocation Comparison

Sectors
HDAW
CIL

Financial Services

25.2%
24.8%

Basic Materials

12.4%
6.6%

Healthcare

12.3%
7.7%

Consumer Defensive

10.1%
8.8%

Energy

9.1%
4.6%

Consumer Cyclical

7.5%
8.2%

Industrials

6.6%
18.4%

Technology

6.3%
6.4%

Communication Services

4.7%
5.8%

Utilities

4.0%
6.6%

Real Estate

1.8%
2.2%

Financial Services

HDAW
25.2%
CIL
24.8%

Basic Materials

HDAW
12.4%
CIL
6.6%

Healthcare

HDAW
12.3%
CIL
7.7%

Consumer Defensive

HDAW
10.1%
CIL
8.8%

Energy

HDAW
9.1%
CIL
4.6%

Consumer Cyclical

HDAW
7.5%
CIL
8.2%

Industrials

HDAW
6.6%
CIL
18.4%

Technology

HDAW
6.3%
CIL
6.4%

Communication Services

HDAW
4.7%
CIL
5.8%

Utilities

HDAW
4.0%
CIL
6.6%

Real Estate

HDAW
1.8%
CIL
2.2%

Compare stocks, funds, or ETFs

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

Xtrackers MSCI All World ex US High Dividend Yield Equity ETF

VictoryShares International Volatility Wtd ETF

Often compared with HDAW:
HDAW vs. SCHDHDAW vs. VYMIHDAW vs. DIVOHDAW vs. WDIVHDAW vs. IDVHDAW vs. VOOHDAW vs. JEPI
Often compared with CIL:
CIL vs. VYMICIL vs. OVFCIL vs. VXUSCIL vs. PPIECIL vs. BKCICIL vs. QLTICIL vs. ACWX

Return for Risk

HDAW vs. CIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HDAW
CIL
CIL Risk / Return Rank: 7474
Overall Rank
CIL Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
CIL Sortino Ratio Rank: 6767
Sortino Ratio Rank
CIL Omega Ratio Rank: 7979
Omega Ratio Rank
CIL Calmar Ratio Rank: 7575
Calmar Ratio Rank
CIL Martin Ratio Rank: 8181
Martin Ratio Rank
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.

HDAW vs. CIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI All World ex US High Dividend Yield Equity ETF (HDAW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HDAW vs. CIL - Sharpe Ratio Comparison

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Sharpe Ratios by Period

HDAWCILDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

2.13

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.46

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.48

—

Sharpe Ratio (All Time)

Calculated using the full available price history

—

0.43

—

Drawdowns

HDAW vs. CIL - Drawdown Comparison

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Drawdown Indicators

HDAWCILDifference

Max Drawdown

Largest peak-to-trough decline

—

-36.27%

—

Max Drawdown (1Y)

Largest decline over 1 year

—

-4.60%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-11.96%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-29.89%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.27%

—

Current Drawdown

Current decline from peak

—

-0.58%

—

Average Drawdown

Average peak-to-trough decline

—

-6.55%

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

1.07%

—

Volatility

HDAW vs. CIL - Volatility Comparison

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Volatility by Period

HDAWCILDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

0.00%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

4.08%

—

Volatility (1Y)

Calculated over the trailing 1-year period

—

8.12%

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

—

16.49%

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

—

17.17%

—

HDAW vs. CIL - Expense Ratio Comparison

HDAW has a 0.20% expense ratio, which is lower than CIL's 0.45% expense ratio.

Dividends

HDAW vs. CIL - Dividend Comparison

HDAW has not paid dividends to shareholders, while CIL's dividend yield for the trailing twelve months is around 1.67%.

PositionTTM20252024202320222021202020192018201720162015
CIL
VictoryShares International Volatility Wtd ETF		1.67%2.70%3.46%2.91%2.41%3.04%1.73%2.69%2.85%2.17%2.34%0.43%
HDAW
Xtrackers MSCI All World ex US High Dividend Yield Equity ETF		0.00%0.00%2.68%4.85%7.00%4.84%4.27%3.95%4.02%4.09%2.92%1.18%

Frequently Asked Questions

HDAW and CIL have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HDAW is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HDAW is cheaper with a 0.20% expense ratio, compared with 0.45% for CIL.

CIL has the higher dividend yield at 1.67%, compared with 0.00% for HDAW.

HDAW tracks MSCI ACWI ex USA High Dividend Yield US Dollar Hedged 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: 0.20% for HDAW and 0.45% for CIL.

Portfolio Optimizer

Find the right allocation for HDAW and CIL

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