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PXF vs. CIL
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PXF vs. CIL

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF) and VictoryShares International Volatility Wtd ETF (CIL).

PXF and CIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PXF is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI Developed Markets ex-U.S. Index. It was launched on Jun 25, 2007. CIL is a passively managed fund by Crestview that tracks the performance of the Nasdaq Victory International 500 Volatility Weighted Index. It was launched on Aug 19, 2015. Both PXF and CIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PXF vs. CIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF) and VictoryShares International Volatility Wtd ETF (CIL). The values are adjusted to include any dividend payments, if applicable.

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PXF vs. CIL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PXF
Invesco FTSE RAFI Developed Markets ex-U.S. ETF		7.42%42.51%4.54%18.46%-9.09%15.93%2.58%17.50%-14.84%24.52%
CIL
VictoryShares International Volatility Wtd ETF		5.44%32.99%3.76%16.29%-16.00%11.07%7.21%19.13%-13.34%27.67%

Returns By Period

In the year-to-date period, PXF achieves a 7.42% return, which is significantly higher than CIL's 5.44% return. Over the past 10 years, PXF has outperformed CIL with an annualized return of 10.96%, while CIL has yielded a comparatively lower 8.47% annualized return.

PXF

1D
3.20%
1M
-7.54%
YTD
7.42%
6M
16.47%
1Y
39.79%
3Y*
21.01%
5Y*
12.53%
10Y*
10.96%

CIL

1D
0.00%
1M
0.00%
YTD
5.44%
6M
10.80%
1Y
29.06%
3Y*
16.16%
5Y*
8.79%
10Y*
8.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Invesco FTSE RAFI Developed Markets ex-U.S. ETF

VictoryShares International Volatility Wtd ETF

Often compared with PXF:
PXF vs. FNDFPXF vs. PRFPXF vs. VXUSPXF vs. VEAPXF vs. VYMIPXF vs. IDVPXF vs. PXH
Often compared with CIL:
CIL vs. VYMICIL vs. IEFACIL vs. OVFCIL vs. PPIECIL vs. ECHCIL vs. VXUSCIL vs. ACWX

PXF vs. CIL - Expense Ratio Comparison

Both PXF and CIL have an expense ratio of 0.45%.

PXF
Invesco FTSE RAFI Developed Markets ex-U.S. ETF
CIL
VictoryShares International Volatility Wtd ETF

Return for Risk

PXF vs. CIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PXF
PXF Risk / Return Rank: 9494
Overall Rank
PXF Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
PXF Sortino Ratio Rank: 9595
Sortino Ratio Rank
PXF Omega Ratio Rank: 9595
Omega Ratio Rank
PXF Calmar Ratio Rank: 9292
Calmar Ratio Rank
PXF Martin Ratio Rank: 9393
Martin Ratio Rank
CIL
CIL Risk / Return Rank: 9292
Overall Rank
CIL Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
CIL Sortino Ratio Rank: 9595
Sortino Ratio Rank
CIL Omega Ratio Rank: 9696
Omega Ratio Rank
CIL Calmar Ratio Rank: 8181
Calmar Ratio Rank
CIL Martin Ratio Rank: 9595
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.

PXF vs. CIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF) 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.

PXFCILDifference

Sharpe ratio

Return per unit of total volatility

2.29

2.29

0.00

Sortino ratio

Return per unit of downside risk

2.97

3.15

-0.17

Omega ratio

Gain probability vs. loss probability

1.46

1.54

-0.07

Calmar ratio

Return relative to maximum drawdown

3.34

2.32

+1.02

Martin ratio

Return relative to average drawdown

13.24

15.10

-1.85

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

PXF vs. CIL - Sharpe Ratio Comparison

The current PXF Sharpe Ratio is 2.29, which is comparable to the CIL Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of PXF and CIL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

PXFCILDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.29

2.29

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.53

+0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

0.49

+0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

0.44

-0.22

Correlation

The correlation between PXF and CIL is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PXF vs. CIL - Dividend Comparison

PXF's dividend yield for the trailing twelve months is around 3.45%, more than CIL's 2.38% yield.

TTM20252024202320222021202020192018201720162015
PXF
Invesco FTSE RAFI Developed Markets ex-U.S. ETF		3.45%3.64%3.48%3.55%3.58%3.74%2.11%3.50%3.38%2.78%3.21%3.10%
CIL
VictoryShares International Volatility Wtd ETF		2.38%2.70%3.46%2.91%2.41%3.04%1.73%2.69%2.85%2.17%2.34%0.43%

Drawdowns

PXF vs. CIL - Drawdown Comparison

The maximum PXF drawdown since its inception was -64.74%, which is greater than CIL's maximum drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for PXF and CIL.

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Drawdown Indicators

PXFCILDifference

Max Drawdown

Largest peak-to-trough decline

-64.74%

-36.27%

-28.47%

Max Drawdown (1Y)

Largest decline over 1 year

-11.52%

-9.66%

-1.86%

Max Drawdown (5Y)

Largest decline over 5 years

-26.82%

-29.89%

+3.07%

Max Drawdown (10Y)

Largest decline over 10 years

-41.59%

-36.27%

-5.32%

Current Drawdown

Current decline from peak

-7.54%

-0.58%

-6.96%

Average Drawdown

Average peak-to-trough decline

-15.40%

-6.66%

-8.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.90%

1.73%

+1.17%

Volatility

PXF vs. CIL - Volatility Comparison

Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF) has a higher volatility of 8.30% compared to VictoryShares International Volatility Wtd ETF (CIL) at 0.00%. This indicates that PXF's price experiences larger fluctuations and is considered to be riskier than CIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PXFCILDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.30%

0.00%

+8.30%

Volatility (6M)

Calculated over the trailing 6-month period

11.63%

5.76%

+5.87%

Volatility (1Y)

Calculated over the trailing 1-year period

17.52%

13.30%

+4.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.27%

16.67%

-0.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.03%

17.32%

+0.71%