IFLO vs. CFA

Last updated Jul 14, 2026

IFLO (VictoryShares International Free Cash Flow ETF) and CFA (VictoryShares US 500 Volatility Weighted ETF) are both exchange-traded funds - IFLO is a Foreign Large Cap Equities fund managed by VictoryShares, while CFA is a Large Cap Blend Equities fund tracking the Nasdaq Victory U.S. Large Cap 500 Volatility Weighted Index. Over the past year, IFLO returned 31.49% vs 13.74% for CFA. A 0.64 correlation means they provide meaningful diversification when combined. IFLO charges 0.56%/yr vs 0.35%/yr for CFA.

Performance

IFLO vs. CFA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares International Free Cash Flow ETF (IFLO) and VictoryShares US 500 Volatility Weighted ETF (CFA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IFLO achieves a 18.32% return, which is significantly higher than CFA's 9.92% return.

IFLO

• 1D: -0.65%
• 1M: -0.87%
• 6M: 14.97%
• YTD: 18.32%
• 1Y: 31.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CFA

• 1D: -0.02%
• 1M: 1.67%
• 6M: 6.90%
• YTD: 9.92%
• 1Y: 13.74%
• 3Y*: 12.92%
• 5Y*: 8.29%
• 10Y*: 11.49%

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

IFLO vs. CFA - Yearly Performance Comparison

	2026 (YTD)	2025
IFLO VictoryShares International Free Cash Flow ETF	18.32%	13.12%
CFA VictoryShares US 500 Volatility Weighted ETF	9.92%	6.14%

Correlation

The correlation between IFLO and CFA is 0.65, 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	0.65
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.64

The correlation between IFLO and CFA has been stable across timeframes, ranging from 0.64 to 0.65 - a consistent structural relationship.

IFLO vs. CFA - Sectors Allocation Comparison

Sectors	IFLO	CFA
Technology	21.5%	17.1%
Industrials	18.1%	18.1%
Consumer Cyclical	13.8%	9.6%
Energy	12.1%	5.1%
Healthcare	11.7%	9.6%
Basic Materials	11.3%	3.6%
Communication Services	6.7%	3.6%
Consumer Defensive	2.8%	6.7%
Financial Services	1.1%	17.8%
Utilities	1.0%	8.5%
Real Estate	0.0%	0.4%

Return for Risk

IFLO vs. CFA — Risk / Return Rank

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

IFLO

IFLO Risk / Return Rank: 87
IFLO Sharpe Ratio Rank: 85
IFLO Sortino Ratio Rank: 87
IFLO Omega Ratio Rank: 82
IFLO Calmar Ratio Rank: 93
IFLO Martin Ratio Rank: 91

CFA

CFA Risk / Return Rank: 47
CFA Sharpe Ratio Rank: 46
CFA Sortino Ratio Rank: 47
CFA Omega Ratio Rank: 43
CFA Calmar Ratio Rank: 48
CFA Martin Ratio Rank: 53

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.

IFLO vs. CFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Free Cash Flow ETF (IFLO) and VictoryShares US 500 Volatility Weighted ETF (CFA). 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.

	IFLO	CFA	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.28	+0.88
Sortino ratio: Return per unit of downside risk	3.13	1.89	+1.24
Omega ratio: Gain probability vs. loss probability	1.39	1.23	+0.16
Calmar ratio: Return relative to maximum drawdown	4.91	1.93	+2.98
Martin ratio: Return relative to average drawdown	16.50	7.17	+9.34

IFLO vs. CFA - Sharpe Ratio Comparison

The current IFLO Sharpe Ratio is 2.16, which is higher than the CFA Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of IFLO and CFA, 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

IFLO vs. CFA - Drawdown Comparison

The maximum IFLO drawdown since its inception was -6.44%, smaller than the maximum CFA drawdown of -37.74%. Use the drawdown chart below to compare losses from any high point for IFLO and CFA.

Drawdown Indicators

	IFLO	CFA	Difference
Max Drawdown Largest peak-to-trough decline	-6.44%	-37.74%	+31.30%
Max Drawdown (1Y) Largest decline over 1 year	-6.44%	-7.13%	+0.69%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.28%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.88%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.74%	—
Current Drawdown Current decline from peak	-2.22%	-0.27%	-1.95%
Average Drawdown Average peak-to-trough decline	-1.29%	-4.14%	+2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.92%	-0.01%

Volatility

IFLO vs. CFA - Volatility Comparison

VictoryShares International Free Cash Flow ETF (IFLO) has a higher volatility of 4.77% compared to VictoryShares US 500 Volatility Weighted ETF (CFA) at 2.59%. This indicates that IFLO's price experiences larger fluctuations and is considered to be riskier than CFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IFLO	CFA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	2.59%	+2.18%
Volatility (6M) Calculated over the trailing 6-month period	12.05%	7.89%	+4.16%
Volatility (1Y) Calculated over the trailing 1-year period	14.71%	10.81%	+3.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.61%	15.06%	-0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.61%	17.13%	-2.52%

IFLO vs. CFA - Expense Ratio Comparison

IFLO has a 0.56% expense ratio, which is higher than CFA's 0.35% expense ratio.

Dividends

IFLO vs. CFA - Dividend Comparison

IFLO's dividend yield for the trailing twelve months is around 1.57%, more than CFA's 1.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFA VictoryShares US 500 Volatility Weighted ETF	1.22%	1.29%	1.32%	1.42%	1.59%	1.04%	1.21%	1.35%	1.50%	1.15%	1.37%	1.31%
IFLO VictoryShares International Free Cash Flow ETF	1.57%	0.73%	0.00%	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 IFLO and CFA in my portfolio?

IFLO and CFA have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IFLO or CFA?

IFLO has higher volatility (4.77%) compared to CFA (2.59%). In terms of maximum drawdown, IFLO dropped -6.44% vs CFA's -37.74%.

Which ETF is better, IFLO or CFA?

On 1-year performance, IFLO leads with 31.49% vs 13.74% for CFA. On fees, CFA is cheaper at 0.35% per year. On volatility, CFA has been the lower-risk option at 2.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IFLO or CFA?

Over the 1-year period, IFLO has performed better with a 31.49% return vs 13.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IFLO or CFA?

CFA is cheaper with a 0.35% expense ratio, compared with 0.56% for IFLO.

Which ETF pays a higher dividend yield, IFLO or CFA?

IFLO has the higher dividend yield at 1.57%, compared with 1.22% for CFA.

What is the main difference between IFLO and CFA?

IFLO is categorized as Foreign Large Cap Equities, while CFA is Large Cap Blend Equities. Their fees differ too: 0.56% for IFLO and 0.35% for CFA.

Which has better risk-adjusted returns?

IFLO currently has the higher Sharpe Ratio (2.16 vs 1.28), 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.