SDOG vs. CDL

Last updated Apr 1, 2026

Compare and contrast key facts about ALPS Sector Dividend Dogs ETF (SDOG) and VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL).

SDOG and CDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SDOG is a passively managed fund by SS&C that tracks the performance of the S-Network Sector Dividend Dogs Index. It was launched on Jun 29, 2012. CDL is a passively managed fund by Crestview that tracks the performance of the Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index. It was launched on Jul 8, 2015. Both SDOG and CDL 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

SDOG vs. CDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Sector Dividend Dogs ETF (SDOG) and VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL). The values are adjusted to include any dividend payments, if applicable.

SDOG vs. CDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SDOG ALPS Sector Dividend Dogs ETF	8.59%	11.12%	14.70%	4.19%	-0.20%	24.59%	-0.35%	24.02%	-11.43%	12.65%
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF	8.87%	9.04%	15.58%	3.03%	-0.45%	33.42%	-3.35%	26.38%	-5.86%	16.29%

Returns By Period

The year-to-date returns for both investments are quite close, with SDOG having a 8.59% return and CDL slightly higher at 8.87%. Over the past 10 years, SDOG has underperformed CDL with an annualized return of 9.38%, while CDL has yielded a comparatively higher 10.80% annualized return.

SDOG

• 1D: 1.17%
• 1M: -2.20%
• YTD: 8.59%
• 6M: 10.01%
• 1Y: 16.26%
• 3Y*: 12.73%
• 5Y*: 8.94%
• 10Y*: 9.38%

CDL

• 1D: 0.78%
• 1M: -2.91%
• YTD: 8.87%
• 6M: 8.94%
• 1Y: 12.62%
• 3Y*: 12.90%
• 5Y*: 9.94%
• 10Y*: 10.80%

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

SDOG vs. CDL - Expense Ratio Comparison

SDOG has a 0.40% expense ratio, which is higher than CDL's 0.35% expense ratio.

SDOG

ALPS Sector Dividend Dogs ETF

CDL

VictoryShares US Large Cap High Dividend Volatility Wtd ETF

Return for Risk

SDOG vs. CDL — Risk / Return Rank

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

SDOG

SDOG Risk / Return Rank: 59
SDOG Sharpe Ratio Rank: 59
SDOG Sortino Ratio Rank: 60
SDOG Omega Ratio Rank: 59
SDOG Calmar Ratio Rank: 56
SDOG Martin Ratio Rank: 61

CDL

CDL Risk / Return Rank: 52
CDL Sharpe Ratio Rank: 53
CDL Sortino Ratio Rank: 51
CDL Omega Ratio Rank: 51
CDL Calmar Ratio Rank: 50
CDL Martin Ratio Rank: 53

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.

SDOG vs. CDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Sector Dividend Dogs ETF (SDOG) and VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL). 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.

	SDOG	CDL	Difference
Sharpe ratio Return per unit of total volatility	1.01	0.93	+0.09
Sortino ratio Return per unit of downside risk	1.48	1.33	+0.15
Omega ratio Gain probability vs. loss probability	1.21	1.19	+0.02
Calmar ratio Return relative to maximum drawdown	1.34	1.24	+0.10
Martin ratio Return relative to average drawdown	5.74	5.03	+0.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDOG vs. CDL - Sharpe Ratio Comparison

The current SDOG Sharpe Ratio is 1.01, which is comparable to the CDL Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of SDOG and CDL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SDOG	CDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	0.93	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.72	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.64	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.64	-0.01

Correlation

The correlation between SDOG and CDL is 0.90, 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

SDOG vs. CDL - Dividend Comparison

SDOG's dividend yield for the trailing twelve months is around 3.52%, more than CDL's 3.18% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SDOG ALPS Sector Dividend Dogs ETF	3.52%	3.68%	3.86%	4.29%	3.87%	3.62%	3.63%	3.37%	4.03%	3.27%	3.32%	3.61%
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF	3.18%	3.33%	3.27%	3.61%	3.31%	2.60%	3.32%	3.04%	3.32%	2.87%	2.97%	1.28%

Drawdowns

SDOG vs. CDL - Drawdown Comparison

The maximum SDOG drawdown since its inception was -43.56%, which is greater than CDL's maximum drawdown of -41.03%. Use the drawdown chart below to compare losses from any high point for SDOG and CDL.

Drawdown Indicators

	SDOG	CDL	Difference
Max Drawdown Largest peak-to-trough decline	-43.56%	-41.03%	-2.53%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	-11.29%	-1.83%
Max Drawdown (5Y) Largest decline over 5 years	-19.84%	-17.28%	-2.56%
Max Drawdown (10Y) Largest decline over 10 years	-43.56%	-41.03%	-2.53%
Current Drawdown Current decline from peak	-3.25%	-3.07%	-0.18%
Average Drawdown Average peak-to-trough decline	-4.96%	-4.39%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	2.79%	+0.29%

Volatility

SDOG vs. CDL - Volatility Comparison

ALPS Sector Dividend Dogs ETF (SDOG) and VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) have volatilities of 3.03% and 2.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDOG	CDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	2.95%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	8.43%	6.97%	+1.46%
Volatility (1Y) Calculated over the trailing 1-year period	16.14%	13.72%	+2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.48%	13.87%	+1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.09%	17.05%	+2.04%