PIEL vs. CIL

Last updated Jul 12, 2026

PIEL (Pacer International Export Leaders ETF) and CIL (VictoryShares International Volatility Wtd ETF) are both Foreign Large Cap Equities funds - PIEL tracks the Pacer International Export Leaders Index while CIL tracks the Nasdaq Victory International 500 Volatility Weighted Index. Both are passively managed. At a 0.21 correlation, their price movements are largely independent. PIEL charges 0.60%/yr vs 0.45%/yr for CIL.

Performance

PIEL vs. CIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer International Export Leaders ETF (PIEL) and VictoryShares International Volatility Wtd ETF (CIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PIEL achieves a 14.89% return, which is significantly higher than CIL's 5.44% return.

PIEL

• 1D: -0.23%
• 1M: -0.18%
• 6M: 9.81%
• YTD: 14.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CIL

• 1D: 0.00%
• 1M: 0.00%
• 6M: 3.07%
• YTD: 5.44%
• 1Y: 14.79%
• 3Y*: 15.45%
• 5Y*: 7.84%
• 10Y*: 8.79%

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

PIEL vs. CIL - Yearly Performance Comparison

	2026 (YTD)	2025
PIEL Pacer International Export Leaders ETF	14.89%	-0.43%
CIL VictoryShares International Volatility Wtd ETF	5.44%	0.47%

Correlation

The correlation between PIEL and CIL is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 23, 2025	0.21

Return for Risk

PIEL vs. CIL — Risk / Return Rank

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

PIEL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CIL

CIL Risk / Return Rank: 82
CIL Sharpe Ratio Rank: 76
CIL Sortino Ratio Rank: 81
CIL Omega Ratio Rank: 91
CIL Calmar Ratio Rank: 77
CIL Martin Ratio Rank: 85

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.

PIEL vs. CIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer International Export Leaders ETF (PIEL) and VictoryShares International Volatility Wtd ETF (CIL). 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.

	PIEL	CIL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.94	—
Sortino ratio: Return per unit of downside risk	—	2.87	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	3.15	—
Martin ratio: Return relative to average drawdown	—	13.82	—

Drawdowns

PIEL vs. CIL - Drawdown Comparison

The maximum PIEL drawdown since its inception was -14.67%, smaller than the maximum CIL drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for PIEL and CIL.

Drawdown Indicators

	PIEL	CIL	Difference
Max Drawdown Largest peak-to-trough decline	-14.67%	-36.27%	+21.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.27%	—
Current Drawdown Current decline from peak	-3.89%	-0.58%	-3.31%
Average Drawdown Average peak-to-trough decline	-3.42%	-6.50%	+3.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.04%	—

Volatility

Volatility by Period

	PIEL	CIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.81%	7.46%	+17.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.81%	16.45%	+8.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.81%	16.79%	+8.02%

PIEL vs. CIL - Expense Ratio Comparison

PIEL has a 0.60% expense ratio, which is higher than CIL's 0.45% expense ratio.

Dividends

PIEL vs. CIL - Dividend Comparison

PIEL has not paid dividends to shareholders, while CIL's dividend yield for the trailing twelve months is around 1.05%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIL VictoryShares International Volatility Wtd ETF	1.05%	2.70%	3.46%	2.91%	2.41%	3.04%	1.73%	2.69%	2.85%	2.17%	2.34%	0.43%
PIEL Pacer International Export Leaders ETF	0.00%	0.00%	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 PIEL and CIL in my portfolio?

PIEL and CIL have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PIEL or CIL?

On fees, CIL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PIEL or CIL?

CIL is cheaper with a 0.45% expense ratio, compared with 0.60% for PIEL.

Which ETF pays a higher dividend yield, PIEL or CIL?

CIL has the higher dividend yield at 1.05%, compared with 0.00% for PIEL.

What is the main difference between PIEL and CIL?

PIEL tracks Pacer International Export Leaders Index, while CIL tracks Nasdaq Victory International 500 Volatility Weighted Index. They also come from different issuers: Pacer and Crestview. Their fees differ too: 0.60% for PIEL and 0.45% for CIL.