PY vs. CDC
Compare and contrast key facts about Principal Value ETF (PY) and VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC).
PY and CDC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PY is an actively managed fund by Principal. It was launched on Mar 21, 2016. CDC is a passively managed fund by Crestview that tracks the performance of the Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index. It was launched on Jul 2, 2014.
Performance
PY vs. CDC - Performance Comparison
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PY vs. CDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PY Principal Value ETF | -1.34% | 7.74% | 16.79% | 9.11% | -5.10% | 34.83% | 2.71% | 26.87% | -13.34% | 18.87% |
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 9.03% | 8.96% | 14.48% | -4.99% | -7.86% | 33.05% | 12.88% | 19.64% | -5.97% | 15.77% |
Returns By Period
In the year-to-date period, PY achieves a -1.34% return, which is significantly lower than CDC's 9.03% return. Both investments have delivered pretty close results over the past 10 years, with PY having a 10.38% annualized return and CDC not far behind at 10.00%.
PY
- 1D
- 1.59%
- 1M
- -4.13%
- YTD
- -1.34%
- 6M
- -0.79%
- 1Y
- 7.25%
- 3Y*
- 11.03%
- 5Y*
- 7.67%
- 10Y*
- 10.38%
CDC
- 1D
- 0.77%
- 1M
- -2.88%
- YTD
- 9.03%
- 6M
- 8.89%
- 1Y
- 12.52%
- 3Y*
- 9.63%
- 5Y*
- 6.27%
- 10Y*
- 10.00%
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PY vs. CDC - Expense Ratio Comparison
PY has a 0.15% expense ratio, which is lower than CDC's 0.37% expense ratio.
Return for Risk
PY vs. CDC — Risk / Return Rank
PY
CDC
PY vs. CDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Value ETF (PY) 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.
| PY | CDC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 0.93 | -0.50 |
Sortino ratioReturn per unit of downside risk | 0.71 | 1.33 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.19 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.23 | -0.59 |
Martin ratioReturn relative to average drawdown | 2.77 | 4.90 | -2.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PY | CDC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 0.93 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.50 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.76 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.74 | -0.23 |
Correlation
The correlation between PY and CDC is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PY vs. CDC - Dividend Comparison
PY's dividend yield for the trailing twelve months is around 2.17%, less than CDC's 3.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PY Principal Value ETF | 2.17% | 2.14% | 2.22% | 2.68% | 3.02% | 2.83% | 2.95% | 2.25% | 2.34% | 1.68% | 1.85% | 0.00% |
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 3.19% | 3.36% | 3.32% | 4.24% | 3.48% | 2.65% | 2.48% | 3.04% | 3.37% | 2.81% | 2.99% | 3.17% |
Drawdowns
PY vs. CDC - Drawdown Comparison
The maximum PY drawdown since its inception was -45.44%, which is greater than CDC's maximum drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for PY and CDC.
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Drawdown Indicators
| PY | CDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.44% | -21.37% | -24.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.27% | -11.27% | -2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -17.84% | -21.37% | +3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -45.44% | -21.37% | -24.07% |
Current DrawdownCurrent decline from peak | -4.54% | -3.07% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -5.14% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 2.84% | +0.24% |
Volatility
PY vs. CDC - Volatility Comparison
Principal Value ETF (PY) has a higher volatility of 3.54% compared to VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) at 2.97%. This indicates that PY'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
| PY | CDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 2.97% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 7.03% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 13.63% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 12.56% | +3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.10% | 13.22% | +6.88% |