HOMZ vs. CDL

Last updated Jun 23, 2026

HOMZ (Hoya Capital Housing ETF) and CDL (VictoryShares US Large Cap High Dividend Volatility Wtd ETF) are both exchange-traded funds - HOMZ is a Building & Construction fund tracking the Hoya Capital Housing 100 Index, while CDL is a Large Cap Value Equities fund tracking the Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index. Both are passively managed. Over the past 5 years, HOMZ returned 4.53%/yr vs 10.07%/yr for CDL. A 0.75 correlation means they provide meaningful diversification when combined. HOMZ charges 0.30%/yr vs 0.35%/yr for CDL.

Performance

HOMZ vs. CDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hoya Capital Housing ETF (HOMZ) and VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOMZ achieves a -0.05% return, which is significantly lower than CDL's 12.64% return.

HOMZ

• 1D: -1.01%
• 1M: 2.93%
• YTD: -0.05%
• 6M: -0.72%
• 1Y: 8.13%
• 3Y*: 9.35%
• 5Y*: 4.53%
• 10Y*: —

CDL

• 1D: 0.41%
• 1M: -0.23%
• YTD: 12.64%
• 6M: 12.31%
• 1Y: 20.35%
• 3Y*: 15.41%
• 5Y*: 10.07%
• 10Y*: 11.19%

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

HOMZ vs. CDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HOMZ Hoya Capital Housing ETF	-0.05%	2.72%	9.49%	36.49%	-28.14%	41.02%	15.80%	17.38%
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF	12.64%	9.04%	15.58%	3.03%	-0.45%	33.42%	-3.35%	13.37%

Correlation

The correlation between HOMZ and CDL is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Mar 20, 2019	0.75

The correlation between HOMZ and CDL has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.

HOMZ vs. CDL - Sectors Allocation Comparison

Sectors	HOMZ	CDL
Real Estate	38.9%	0.0%
Consumer Cyclical	34.7%	6.9%
Industrials	10.1%	2.2%
Financial Services	9.5%	23.1%
Basic Materials	3.9%	0.0%
Technology	1.3%	8.0%
Consumer Defensive	0.8%	15.8%
Communication Services	0.6%	4.4%
Energy	-	9.0%
Healthcare	-	6.9%
Utilities	-	23.7%

Return for Risk

HOMZ vs. CDL — Risk / Return Rank

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

HOMZ

HOMZ Risk / Return Rank: 14
HOMZ Sharpe Ratio Rank: 15
HOMZ Sortino Ratio Rank: 15
HOMZ Omega Ratio Rank: 14
HOMZ Calmar Ratio Rank: 14
HOMZ Martin Ratio Rank: 13

CDL

CDL Risk / Return Rank: 67
CDL Sharpe Ratio Rank: 65
CDL Sortino Ratio Rank: 69
CDL Omega Ratio Rank: 59
CDL Calmar Ratio Rank: 73
CDL Martin Ratio Rank: 70

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.

HOMZ vs. CDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hoya Capital Housing ETF (HOMZ) and VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL). 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.

	HOMZ	CDL	Difference
Sharpe ratio: Return per unit of total volatility	0.41	2.06	-1.65
Sortino ratio: Return per unit of downside risk	0.79	3.02	-2.22
Omega ratio: Gain probability vs. loss probability	1.09	1.35	-0.26
Calmar ratio: Return relative to maximum drawdown	0.49	3.61	-3.12
Martin ratio: Return relative to average drawdown	1.07	12.75	-11.68

HOMZ vs. CDL - Sharpe Ratio Comparison

The current HOMZ Sharpe Ratio is 0.41, which is lower than the CDL Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of HOMZ and CDL, 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

HOMZ vs. CDL - Drawdown Comparison

The maximum HOMZ drawdown since its inception was -48.10%, which is greater than CDL's maximum drawdown of -41.03%. Use the drawdown chart below to compare losses from any high point for HOMZ and CDL.

Drawdown Indicators

	HOMZ	CDL	Difference
Max Drawdown Largest peak-to-trough decline	-48.10%	-41.03%	-7.07%
Max Drawdown (1Y) Largest decline over 1 year	-16.71%	-5.66%	-11.05%
Max Drawdown (3Y) Largest decline over 3 years	-22.91%	-12.87%	-10.04%
Max Drawdown (5Y) Largest decline over 5 years	-33.76%	-17.28%	-16.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.03%	—
Current Drawdown Current decline from peak	-9.70%	-1.51%	-8.19%
Average Drawdown Average peak-to-trough decline	-9.73%	-4.33%	-5.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.62%	1.60%	+6.02%

Volatility

HOMZ vs. CDL - Volatility Comparison

Hoya Capital Housing ETF (HOMZ) has a higher volatility of 5.24% compared to VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) at 3.37%. This indicates that HOMZ's price experiences larger fluctuations and is considered to be riskier than CDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOMZ	CDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	3.37%	+1.87%
Volatility (6M) Calculated over the trailing 6-month period	14.05%	7.08%	+6.97%
Volatility (1Y) Calculated over the trailing 1-year period	19.83%	9.95%	+9.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.55%	13.85%	+7.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.97%	17.05%	+7.92%

HOMZ vs. CDL - Expense Ratio Comparison

HOMZ has a 0.30% expense ratio, which is lower than CDL's 0.35% expense ratio.

Dividends

HOMZ vs. CDL - Dividend Comparison

HOMZ's dividend yield for the trailing twelve months is around 2.68%, less than CDL's 3.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF	3.16%	3.33%	3.27%	3.61%	3.31%	2.60%	3.32%	3.04%	3.32%	2.87%	2.97%	1.28%
HOMZ Hoya Capital Housing ETF	2.68%	2.54%	2.13%	2.08%	2.03%	1.21%	3.18%	1.24%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HOMZ and CDL in my portfolio?

HOMZ and CDL have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOMZ or CDL?

HOMZ has higher volatility (5.24%) compared to CDL (3.37%). In terms of maximum drawdown, HOMZ dropped -48.10% vs CDL's -41.03%.

Which ETF is better, HOMZ or CDL?

On 5-year performance, CDL leads with 10.07% vs 4.53% for HOMZ. On fees, HOMZ is cheaper at 0.30% per year. On volatility, CDL has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOMZ or CDL?

Over the 5-year period, CDL has performed better with a 10.07% return vs 4.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOMZ or CDL?

HOMZ is cheaper with a 0.30% expense ratio, compared with 0.35% for CDL.

Which ETF pays a higher dividend yield, HOMZ or CDL?

CDL has the higher dividend yield at 3.16%, compared with 2.68% for HOMZ.

What is the main difference between HOMZ and CDL?

HOMZ is categorized as Building & Construction, while CDL is Large Cap Value Equities. HOMZ tracks Hoya Capital Housing 100 Index, while CDL tracks Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index. They also come from different issuers: Pettee Investors and Crestview. Their fees differ too: 0.30% for HOMZ and 0.35% for CDL.

Which has better risk-adjusted returns?

CDL currently has the higher Sharpe Ratio (2.06 vs 0.41), 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.