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KVLE vs. CDC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KVLE vs. CDC

Last updated Jun 4, 2026

KVLE (KFA Value Liner Dynamic Core Equity Index ETF) and CDC (VictoryShares US EQ Income Enhanced Volatility Wtd ETF) are both Large Cap Value Equities funds - KVLE tracks the 3D/L Value Line Dynamic Core Equity Index 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 5 years, KVLE returned 9.67%/yr vs 5.08%/yr for CDC. A 0.76 correlation means they provide meaningful diversification when combined. KVLE charges 0.56%/yr vs 0.37%/yr for CDC.

Performance

KVLE vs. CDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KFA Value Liner Dynamic Core Equity Index ETF (KVLE) and VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with KVLE having a 10.22% return and CDC slightly higher at 10.57%.

KVLE

1D
-0.91%
1M
4.69%
YTD
10.22%
6M
9.55%
1Y
18.85%
3Y*
14.93%
5Y*
9.67%
10Y*
—

CDC

1D
-0.57%
1M
-0.39%
YTD
10.57%
6M
10.29%
1Y
18.16%
3Y*
11.97%
5Y*
5.08%
10Y*
10.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KVLE vs. CDC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
KVLE
KFA Value Liner Dynamic Core Equity Index ETF		10.22%9.34%18.25%10.49%-5.96%28.01%1.36%
CDC
VictoryShares US EQ Income Enhanced Volatility Wtd ETF		10.57%8.96%14.48%-4.99%-7.86%33.05%1.03%

Correlation

The correlation between KVLE and CDC is 0.62, 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

0.62

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

0.64

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

0.75

Correlation (All Time)
Calculated using the full available price history since Nov 25, 2020

0.76

The correlation between KVLE and CDC shifts across timeframes, from 0.62 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

KVLE vs. CDC - Sectors Allocation Comparison

Sectors
KVLE
CDC

Technology

27.0%
6.9%

Industrials

12.6%
2.3%

Financial Services

12.2%
23.4%

Real Estate

12.0%
0.0%

Healthcare

9.3%
6.8%

Consumer Cyclical

9.2%
6.6%

Consumer Defensive

6.8%
15.9%

Energy

4.6%
9.5%

Communication Services

3.9%
4.4%

Basic Materials

1.3%
0.0%

Utilities

0.7%
24.3%

Technology

KVLE
27.0%
CDC
6.9%

Industrials

KVLE
12.6%
CDC
2.3%

Financial Services

KVLE
12.2%
CDC
23.4%

Real Estate

KVLE
12.0%
CDC
0.0%

Healthcare

KVLE
9.3%
CDC
6.8%

Consumer Cyclical

KVLE
9.2%
CDC
6.6%

Consumer Defensive

KVLE
6.8%
CDC
15.9%

Energy

KVLE
4.6%
CDC
9.5%

Communication Services

KVLE
3.9%
CDC
4.4%

Basic Materials

KVLE
1.3%
CDC
0.0%

Utilities

KVLE
0.7%
CDC
24.3%

Compare stocks, funds, or ETFs

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

KFA Value Liner Dynamic Core Equity Index ETF

VictoryShares US EQ Income Enhanced Volatility Wtd ETF

Often compared with KVLE:
KVLE vs. SPYKVLE vs. SCHDKVLE vs. VTVKVLE vs. VOOKVLE vs. DOGGKVLE vs. KLIPKVLE vs. KBA
Often compared with CDC:
CDC vs. SCHDCDC vs. FNDBCDC vs. VSDACDC vs. VOOCDC vs. JEPICDC vs. DIACDC vs. JNK

Return for Risk

KVLE vs. CDC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KVLE
KVLE Risk / Return Rank: 4747
Overall Rank
KVLE Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
KVLE Sortino Ratio Rank: 5151
Sortino Ratio Rank
KVLE Omega Ratio Rank: 4949
Omega Ratio Rank
KVLE Calmar Ratio Rank: 4040
Calmar Ratio Rank
KVLE Martin Ratio Rank: 4646
Martin Ratio Rank
CDC
CDC Risk / Return Rank: 5858
Overall Rank
CDC Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
CDC Sortino Ratio Rank: 5858
Sortino Ratio Rank
CDC Omega Ratio Rank: 5050
Omega Ratio Rank
CDC Calmar Ratio Rank: 6565
Calmar Ratio Rank
CDC Martin Ratio Rank: 6363
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.

KVLE vs. CDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KFA Value Liner Dynamic Core Equity Index ETF (KVLE) 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.

KVLECDCDifference

Sharpe ratio

Return per unit of total volatility

1.72

1.87

-0.15

Sortino ratio

Return per unit of downside risk

2.45

2.78

-0.33

Omega ratio

Gain probability vs. loss probability

1.31

1.32

-0.01

Calmar ratio

Return relative to maximum drawdown

1.97

3.22

-1.24

Martin ratio

Return relative to average drawdown

7.57

11.37

-3.80

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KVLE vs. CDC - Sharpe Ratio Comparison

The current KVLE Sharpe Ratio is 1.72, which is comparable to the CDC Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of KVLE 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.

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Sharpe Ratios by Period

KVLECDCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.72

1.87

-0.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.41

+0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.76

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.88

0.74

+0.14

Drawdowns

KVLE vs. CDC - Drawdown Comparison

The maximum KVLE drawdown since its inception was -18.38%, smaller than the maximum CDC drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for KVLE and CDC.

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Drawdown Indicators

KVLECDCDifference

Max Drawdown

Largest peak-to-trough decline

-18.38%

-21.37%

+2.99%

Max Drawdown (1Y)

Largest decline over 1 year

-9.59%

-5.67%

-3.92%

Max Drawdown (3Y)

Largest decline over 3 years

-16.39%

-12.70%

-3.69%

Max Drawdown (5Y)

Largest decline over 5 years

-18.38%

-21.37%

+2.99%

Max Drawdown (10Y)

Largest decline over 10 years

—

-21.37%

—

Current Drawdown

Current decline from peak

-0.91%

-2.20%

+1.29%

Average Drawdown

Average peak-to-trough decline

-3.21%

-5.09%

+1.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.50%

1.60%

+0.90%

Volatility

KVLE vs. CDC - Volatility Comparison

KFA Value Liner Dynamic Core Equity Index ETF (KVLE) and VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) have volatilities of 2.64% and 2.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KVLECDCDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.64%

2.66%

-0.02%

Volatility (6M)

Calculated over the trailing 6-month period

8.35%

6.84%

+1.51%

Volatility (1Y)

Calculated over the trailing 1-year period

11.04%

9.77%

+1.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.51%

12.54%

+1.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.33%

13.21%

+1.12%

KVLE vs. CDC - Expense Ratio Comparison

KVLE has a 0.56% expense ratio, which is higher than CDC's 0.37% expense ratio.

Dividends

KVLE vs. CDC - Dividend Comparison

KVLE's dividend yield for the trailing twelve months is around 7.30%, more than CDC's 3.18% yield.

PositionTTM20252024202320222021202020192018201720162015
CDC
VictoryShares US EQ Income Enhanced Volatility Wtd ETF		3.18%3.36%3.32%4.24%3.48%2.65%2.48%3.04%3.37%2.81%2.99%3.17%
KVLE
KFA Value Liner Dynamic Core Equity Index ETF		7.30%7.90%7.99%2.53%5.78%9.51%0.35%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

KVLE and CDC have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CDC has higher volatility (2.66%) compared to KVLE (2.64%). In terms of maximum drawdown, KVLE dropped -18.38% vs CDC's -21.37%.

On 5-year performance, KVLE leads with 9.67% vs 5.08% for CDC. On fees, CDC is cheaper at 0.37% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, KVLE has performed better with a 9.67% return vs 5.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

CDC is cheaper with a 0.37% expense ratio, compared with 0.56% for KVLE.

KVLE has the higher dividend yield at 7.30%, compared with 3.18% for CDC.

KVLE tracks 3D/L Value Line Dynamic Core Equity Index, while CDC tracks Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index. They also come from different issuers: CICC and Crestview. Their fees differ too: 0.56% for KVLE and 0.37% for CDC.

CDC currently has the higher Sharpe Ratio (1.87 vs 1.72), 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.

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