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KVLE vs. CDC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KVLE vs. CDC

Last updated Jun 24, 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 10.02%/yr vs 6.51%/yr for CDC. A 0.75 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

In the year-to-date period, KVLE achieves a 9.27% return, which is significantly lower than CDC's 13.97% return.

KVLE

1D
-0.36%
1M
0.18%
YTD
9.27%
6M
8.32%
1Y
17.71%
3Y*
14.36%
5Y*
10.02%
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)

KVLE vs. CDC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
KVLE
KFA Value Liner Dynamic Core Equity Index ETF		9.27%9.34%18.25%10.49%-5.96%28.01%1.71%
CDC
VictoryShares US EQ Income Enhanced Volatility Wtd ETF		13.97%8.96%14.48%-4.99%-7.86%33.05%3.29%

Correlation

The correlation between KVLE and CDC is 0.56, 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

0.56

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

0.62

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

0.74

Correlation (All Time)
Calculated using the full available price history since Nov 24, 2020

0.75

The correlation between KVLE and CDC shifts across timeframes, from 0.56 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

KVLE vs. CDC - Sectors Allocation Comparison

Sectors
KVLE
CDC

Technology

31.4%
5.0%

Financial Services

12.2%
24.0%

Real Estate

11.8%
0.0%

Consumer Cyclical

9.4%
7.0%

Healthcare

9.3%
6.9%

Industrials

8.9%
4.4%

Consumer Defensive

6.6%
15.1%

Energy

4.4%
8.8%

Communication Services

4.1%
4.0%

Basic Materials

1.3%
0.0%

Utilities

0.6%
23.9%

Technology

KVLE
31.4%
CDC
5.0%

Financial Services

KVLE
12.2%
CDC
24.0%

Real Estate

KVLE
11.8%
CDC
0.0%

Consumer Cyclical

KVLE
9.4%
CDC
7.0%

Healthcare

KVLE
9.3%
CDC
6.9%

Industrials

KVLE
8.9%
CDC
4.4%

Consumer Defensive

KVLE
6.6%
CDC
15.1%

Energy

KVLE
4.4%
CDC
8.8%

Communication Services

KVLE
4.1%
CDC
4.0%

Basic Materials

KVLE
1.3%
CDC
0.0%

Utilities

KVLE
0.6%
CDC
23.9%

Compare stocks, funds, or ETFs

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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. KBAKVLE vs. KLIP
Often compared with CDC:
CDC vs. SCHDCDC vs. FNDBCDC vs. VSDACDC vs. VOOCDC vs. DIACDC vs. JEPICDC 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: 4646
Overall Rank
KVLE Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
KVLE Sortino Ratio Rank: 4949
Sortino Ratio Rank
KVLE Omega Ratio Rank: 4747
Omega Ratio Rank
KVLE Calmar Ratio Rank: 3939
Calmar Ratio Rank
KVLE Martin Ratio Rank: 4646
Martin Ratio Rank
CDC
CDC Risk / Return Rank: 7272
Overall Rank
CDC Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
CDC Sortino Ratio Rank: 7474
Sortino Ratio Rank
CDC Omega Ratio Rank: 6464
Omega Ratio Rank
CDC Calmar Ratio Rank: 7777
Calmar Ratio Rank
CDC Martin Ratio Rank: 7474
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.

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.

KVLECDCDifference
Sharpe ratioReturn per unit of total volatility
1.58
2.12

-0.54

Sortino ratioReturn per unit of downside risk
2.25
3.09

-0.84

Omega ratioGain probability vs. loss probability

1.28

1.36

-0.08

Calmar ratioReturn relative to maximum drawdown

1.85

3.73

-1.88

Martin ratioReturn relative to average drawdown

7.07

13.12

-6.04

KVLE vs. CDC - Sharpe Ratio Comparison

The current KVLE Sharpe Ratio is 1.58, which is comparable to the CDC Sharpe Ratio of 2.12. 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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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

-1.76%

-0.49%

-1.27%

Average Drawdown

Average peak-to-trough decline

-3.19%

-5.09%

+1.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

1.61%

+0.90%

Volatility

KVLE vs. CDC - Volatility Comparison

KFA Value Liner Dynamic Core Equity Index ETF (KVLE) has a higher volatility of 3.68% compared to VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) at 3.44%. This indicates that KVLE'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.

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Volatility by Period

KVLECDCDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.68%

3.44%

+0.24%

Volatility (6M)

Calculated over the trailing 6-month period

8.73%

7.13%

+1.60%

Volatility (1Y)

Calculated over the trailing 1-year period

11.25%

9.99%

+1.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.53%

12.52%

+2.01%

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 7.37%, more than CDC's 3.14% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
KVLE
KFA Value Liner Dynamic Core Equity Index ETF		7.37%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 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KVLE has higher volatility (3.68%) compared to CDC (3.44%). In terms of maximum drawdown, KVLE dropped -18.38% vs CDC's -21.37%.

On 5-year performance, KVLE leads with 10.02% vs 6.51% for CDC. On fees, CDC is cheaper at 0.37% 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.

Over the 5-year period, KVLE has performed better with a 10.02% return vs 6.51%. 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 7.37%, compared with 3.14% 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 (2.12 vs 1.58), 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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