LGLV vs. CDC

Last updated Aug 2, 2026

LGLV (SPDR SSGA US Large Cap Low Volatility Index ETF) and CDC (VictoryShares US EQ Income Enhanced Volatility Wtd ETF) are both Low Volatility funds - LGLV tracks the State Street U.S. Large Cap Low Volatility 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 10 years, LGLV returned 11.19%/yr vs 10.37%/yr for CDC. Their 0.78 correlation means they have sometimes moved together and sometimes differently. LGLV charges 0.12%/yr vs 0.37%/yr for CDC.

Performance

LGLV vs. CDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) and VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGLV achieves a 7.61% return, which is significantly lower than CDC's 17.48% return. Over the past 10 years, LGLV has outperformed CDC with an annualized return of 11.19%, while CDC has yielded a comparatively lower 10.37% annualized return.

LGLV

• 1D: 0.02%
• 1M: 0.47%
• 6M: 3.70%
• YTD: 7.61%
• 1Y: 10.51%
• 3Y*: 11.84%
• 5Y*: 8.32%
• 10Y*: 11.19%
• ALL TIME*: 11.95%

CDC

• 1D: -0.37%
• 1M: 0.43%
• 6M: 10.50%
• YTD: 17.48%
• 1Y: 22.44%
• 3Y*: 13.45%
• 5Y*: 6.78%
• 10Y*: 10.37%
• ALL TIME*: 10.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	$1.05M	$965.48K	$1.21M
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	$5.56M	$4.60M	$5.45M

LGLV vs. CDC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	7.61%	8.37%	16.22%	9.19%	-8.17%	27.95%	7.42%	30.83%	0.32%	17.84%
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	17.48%	8.96%	14.48%	-4.99%	-7.86%	33.05%	12.88%	19.64%	-5.97%	15.77%

Correlation

The correlation between LGLV and CDC is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.80
Correlation (All Time) Calculated using the full available price history since Jul 2, 2014	0.78

The correlation between LGLV and CDC has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.

LGLV vs. CDC - Sectors Allocation Comparison

Sectors	LGLV	CDC
Industrials	18.7%	2.3%
Real Estate	17.8%	0.0%
Utilities	11.8%	24.3%
Financial Services	10.0%	24.1%
Consumer Cyclical	9.1%	7.0%
Technology	9.0%	6.9%
Healthcare	7.3%	7.2%
Consumer Defensive	5.6%	15.7%
Communication Services	3.9%	3.9%
Energy	3.5%	8.6%
Basic Materials	3.4%	0.6%

Return for Risk

LGLV vs. CDC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LGLV

LGLV Risk / Return Rank: 39
LGLV Sharpe Ratio Rank: 40
LGLV Sortino Ratio Rank: 41
LGLV Omega Ratio Rank: 37
LGLV Calmar Ratio Rank: 42
LGLV Martin Ratio Rank: 35

CDC

CDC Risk / Return Rank: 89
CDC Sharpe Ratio Rank: 88
CDC Sortino Ratio Rank: 90
CDC Omega Ratio Rank: 84
CDC Calmar Ratio Rank: 90
CDC Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LGLV vs. CDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) 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.

	LGLV	CDC	Difference
Sharpe ratio: Return per unit of total volatility	0.99	2.14	-1.15
Sortino ratio: Return per unit of downside risk	1.53	3.18	-1.65
Omega ratio: Gain probability vs. loss probability	1.17	1.36	-0.19
Calmar ratio: Return relative to maximum drawdown	1.47	3.90	-2.43
Martin ratio: Return relative to average drawdown	3.41	13.80	-10.39

LGLV vs. CDC - Sharpe Ratio Comparison

The current LGLV Sharpe Ratio is 0.99, which is lower than the CDC Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of LGLV 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.

Drawdowns

LGLV vs. CDC - Drawdown Comparison

The maximum LGLV drawdown since its inception was -36.64%, which is greater than CDC's maximum drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for LGLV and CDC.

Drawdown Indicators

	LGLV	CDC	Difference
Max Drawdown Largest peak-to-trough decline	-36.64%	-21.37%	-15.27%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-5.67%	-1.19%
Max Drawdown (3Y) Largest decline over 3 years	-10.17%	-12.70%	+2.53%
Max Drawdown (5Y) Largest decline over 5 years	-17.49%	-21.37%	+3.88%
Max Drawdown (10Y) Largest decline over 10 years	-36.64%	-21.37%	-15.27%
Current Drawdown Current decline from peak	-2.14%	-2.22%	+0.08%
Average Drawdown Average peak-to-trough decline	-3.21%	-5.05%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	1.60%	+1.35%

Volatility

LGLV vs. CDC - Volatility Comparison

SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) has a higher volatility of 4.53% compared to VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) at 4.16%. This indicates that LGLV'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.

Volatility by Period

	LGLV	CDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	4.16%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	7.99%	7.81%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	10.33%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.03%	12.57%	+0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.09%	13.21%	+2.88%

LGLV vs. CDC - Expense Ratio Comparison

LGLV has a 0.12% expense ratio, which is lower than CDC's 0.37% expense ratio.

Dividends

LGLV vs. CDC - Dividend Comparison

LGLV's dividend yield for the trailing twelve months is around 1.99%, less than CDC's 3.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	3.06%	3.36%	3.32%	4.24%	3.48%	2.65%	2.48%	3.04%	3.37%	2.81%	2.99%	3.17%
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	1.99%	1.94%	1.93%	2.03%	1.95%	1.65%	1.98%	1.89%	2.09%	4.39%	2.54%	2.97%

Frequently Asked Questions

Can I hold both LGLV and CDC in my portfolio?

LGLV and CDC have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGLV or CDC?

LGLV has higher volatility (4.53%) compared to CDC (4.16%). In terms of maximum drawdown, LGLV dropped -36.64% vs CDC's -21.37%.

Which ETF is better, LGLV or CDC?

On 10-year performance, LGLV leads with 11.19% vs 10.37% for CDC. On fees, LGLV is cheaper at 0.12% per year. On volatility, CDC has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGLV or CDC?

Over the 10-year period, LGLV has performed better with a 11.19% return vs 10.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGLV or CDC?

LGLV is cheaper with a 0.12% expense ratio, compared with 0.37% for CDC.

Which ETF pays a higher dividend yield, LGLV or CDC?

CDC has the higher dividend yield at 3.06%, compared with 1.99% for LGLV.

What is the main difference between LGLV and CDC?

LGLV tracks State Street U.S. Large Cap Low Volatility Index, while CDC tracks Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index. They also come from different issuers: State Street and Crestview. Their fees differ too: 0.12% for LGLV and 0.37% for CDC.

Which has better risk-adjusted returns?

CDC currently has the higher Sharpe Ratio (2.14 vs 0.99), 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.