SRS vs. CDC
SRS (ProShares UltraShort Real Estate) and CDC (VictoryShares US EQ Income Enhanced Volatility Wtd ETF) are both exchange-traded funds - SRS is a REIT fund tracking the Dow Jones U.S. Real Estate Index (-200%), while CDC is a Large Cap Value Equities fund tracking the Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index. Both are passively managed. Over the past 10 years, SRS returned -16.93%/yr vs 10.51%/yr for CDC. At a correlation of -0.64, they often move in opposite directions. SRS charges 0.95%/yr vs 0.37%/yr for CDC.
Performance
SRS vs. CDC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SRS achieves a -19.56% return, which is significantly lower than CDC's 13.97% return. Over the past 10 years, SRS has underperformed CDC with an annualized return of -16.93%, while CDC has yielded a comparatively higher 10.51% annualized return.
SRS
- 1D
- -2.78%
- 1M
- -1.86%
- YTD
- -19.56%
- 6M
- -20.11%
- 1Y
- -12.62%
- 3Y*
- -15.69%
- 5Y*
- -6.99%
- 10Y*
- -16.93%
CDC
- 1D
- 1.02%
- 1M
- 0.81%
- YTD
- 13.97%
- 6M
- 13.78%
- 1Y
- 21.05%
- 3Y*
- 12.98%
- 5Y*
- 6.51%
- 10Y*
- 10.51%
SRS vs. CDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRS ProShares UltraShort Real Estate | -19.56% | -1.45% | -3.55% | -18.78% | 54.68% | -52.22% | -33.05% | -38.97% | 6.01% | -18.03% |
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 13.97% | 8.96% | 14.48% | -4.99% | -7.86% | 33.05% | 12.88% | 19.64% | -5.97% | 15.77% |
Correlation
The correlation between SRS and CDC is -0.73, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2014 | -0.64 |
The correlation between SRS and CDC has been stable across timeframes, ranging from -0.73 to -0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SRS vs. CDC — Risk / Return Rank
SRS
CDC
SRS vs. CDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Real Estate (SRS) 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.
| SRS | CDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.59 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.36 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 3.73 | -4.30 |
| Martin ratioReturn relative to average drawdown | -1.25 | 13.12 | -14.36 |
Loading charts...
Drawdowns
SRS vs. CDC - Drawdown Comparison
The maximum SRS drawdown since its inception was -99.96%, which is greater than CDC's maximum drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for SRS and CDC.
Loading charts...
Drawdown Indicators
| SRS | CDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -21.37% | -78.59% |
Max Drawdown (1Y)Largest decline over 1 year | -22.21% | -5.67% | -16.54% |
Max Drawdown (3Y)Largest decline over 3 years | -52.58% | -12.70% | -39.88% |
Max Drawdown (5Y)Largest decline over 5 years | -52.58% | -21.37% | -31.21% |
Max Drawdown (10Y)Largest decline over 10 years | -86.12% | -21.37% | -64.75% |
Current DrawdownCurrent decline from peak | -99.96% | -0.49% | -99.47% |
Average DrawdownAverage peak-to-trough decline | -91.23% | -5.09% | -86.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.14% | 1.61% | +8.53% |
Volatility
SRS vs. CDC - Volatility Comparison
ProShares UltraShort Real Estate (SRS) has a higher volatility of 10.70% compared to VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) at 3.44%. This indicates that SRS'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.
Loading charts...
Volatility by Period
| SRS | CDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | 3.44% | +7.26% |
Volatility (6M)Calculated over the trailing 6-month period | 21.31% | 7.13% | +14.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.53% | 9.99% | +18.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.74% | 12.52% | +25.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 13.21% | +27.56% |
SRS vs. CDC - Expense Ratio Comparison
SRS has a 0.95% expense ratio, which is higher than CDC's 0.37% expense ratio.
Dividends
SRS vs. CDC - Dividend Comparison
SRS's dividend yield for the trailing twelve months is around 3.92%, more than CDC's 3.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 3.14% | 3.36% | 3.32% | 4.24% | 3.48% | 2.65% | 2.48% | 3.04% | 3.37% | 2.81% | 2.99% | 3.17% |
SRS ProShares UltraShort Real Estate | 3.92% | 3.61% | 6.06% | 4.49% | 0.30% | 0.00% | 0.19% | 1.80% | 0.47% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SRS and CDC have a correlation of -0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRS has higher volatility (10.70%) compared to CDC (3.44%). In terms of maximum drawdown, SRS dropped -99.96% vs CDC's -21.37%.
On 10-year performance, CDC leads with 10.51% vs -16.93% for SRS. On fees, CDC is cheaper at 0.37% per year. On volatility, CDC has been the lower-risk option at 3.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, CDC has performed better with a 10.51% return vs -16.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CDC is cheaper with a 0.37% expense ratio, compared with 0.95% for SRS.
SRS has the higher dividend yield at 3.92%, compared with 3.14% for CDC.
SRS is categorized as REIT, while CDC is Large Cap Value Equities. SRS tracks Dow Jones U.S. Real Estate Index (-200%), while CDC tracks Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index. They also come from different issuers: ProShares and Crestview. Their fees differ too: 0.95% for SRS and 0.37% for CDC.
CDC currently has the higher Sharpe Ratio (2.12 vs -0.45), 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.
Find the right allocation for SRS and CDC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer