UIVM vs. CDC

Last updated Jun 4, 2026

UIVM (VictoryShares International Value Momentum ETF) and CDC (VictoryShares US EQ Income Enhanced Volatility Wtd ETF) are both exchange-traded funds - UIVM is a Momentum fund tracking the Nasdaq Victory International Value Momentum Index, 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 5 years, UIVM returned 11.85%/yr vs 5.08%/yr for CDC. A 0.61 correlation means they provide meaningful diversification when combined. UIVM charges 0.35%/yr vs 0.37%/yr for CDC.

Performance

UIVM vs. CDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares International Value Momentum ETF (UIVM) and VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UIVM achieves a 14.89% return, which is significantly higher than CDC's 10.57% return.

UIVM

• 1D: -0.94%
• 1M: 4.60%
• YTD: 14.89%
• 6M: 18.61%
• 1Y: 34.29%
• 3Y*: 24.74%
• 5Y*: 11.85%
• 10Y*: —

CDC

• 1D: -0.57%
• 1M: -0.39%
• YTD: 10.57%
• 6M: 10.29%
• 1Y: 18.16%
• 3Y*: 11.97%
• 5Y*: 5.08%
• 10Y*: 10.03%

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

UIVM vs. CDC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UIVM VictoryShares International Value Momentum ETF	14.89%	45.47%	5.23%	16.79%	-13.31%	11.85%	0.76%	15.29%	-17.41%	2.56%
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	10.57%	8.96%	14.48%	-4.99%	-7.86%	33.05%	12.88%	19.64%	-5.97%	3.67%

Correlation

The correlation between UIVM and CDC is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017	0.61

The correlation between UIVM and CDC shifts across timeframes, from 0.41 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

UIVM vs. CDC - Sectors Allocation Comparison

Sectors	UIVM	CDC
Financial Services	30.3%	23.4%
Industrials	21.4%	2.3%
Consumer Cyclical	8.3%	6.6%
Consumer Defensive	6.1%	15.9%
Healthcare	5.7%	6.8%
Technology	5.7%	6.9%
Basic Materials	5.6%	0.0%
Utilities	4.9%	24.3%
Real Estate	4.7%	0.0%
Energy	4.3%	9.5%
Communication Services	3.1%	4.4%

Return for Risk

UIVM vs. CDC — Risk / Return Rank

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

UIVM

UIVM Risk / Return Rank: 68
UIVM Sharpe Ratio Rank: 71
UIVM Sortino Ratio Rank: 71
UIVM Omega Ratio Rank: 71
UIVM Calmar Ratio Rank: 63
UIVM Martin Ratio Rank: 63

CDC

CDC Risk / Return Rank: 58
CDC Sharpe Ratio Rank: 54
CDC Sortino Ratio Rank: 58
CDC Omega Ratio Rank: 50
CDC Calmar Ratio Rank: 65
CDC Martin Ratio Rank: 63

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.

UIVM vs. CDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Value Momentum ETF (UIVM) 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.

	UIVM	CDC	Difference
Sharpe ratio Return per unit of total volatility	2.37	1.87	+0.50
Sortino ratio Return per unit of downside risk	3.25	2.78	+0.47
Omega ratio Gain probability vs. loss probability	1.43	1.32	+0.11
Calmar ratio Return relative to maximum drawdown	3.13	3.22	-0.09
Martin ratio Return relative to average drawdown	11.47	11.37	+0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UIVM vs. CDC - Sharpe Ratio Comparison

The current UIVM Sharpe Ratio is 2.37, which is comparable to the CDC Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of UIVM and CDC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UIVM	CDC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	1.87	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.41	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.74	-0.27

Drawdowns

UIVM vs. CDC - Drawdown Comparison

The maximum UIVM drawdown since its inception was -42.73%, which is greater than CDC's maximum drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for UIVM and CDC.

Drawdown Indicators

	UIVM	CDC	Difference
Max Drawdown Largest peak-to-trough decline	-42.73%	-21.37%	-21.36%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-5.67%	-5.35%
Max Drawdown (3Y) Largest decline over 3 years	-11.69%	-12.70%	+1.01%
Max Drawdown (5Y) Largest decline over 5 years	-28.27%	-21.37%	-6.90%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.37%	—
Current Drawdown Current decline from peak	-0.94%	-2.20%	+1.26%
Average Drawdown Average peak-to-trough decline	-9.71%	-5.09%	-4.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	1.60%	+1.40%

Volatility

UIVM vs. CDC - Volatility Comparison

VictoryShares International Value Momentum ETF (UIVM) has a higher volatility of 5.17% compared to VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) at 2.66%. This indicates that UIVM'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.

Volatility by Period

	UIVM	CDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.17%	2.66%	+2.51%
Volatility (6M) Calculated over the trailing 6-month period	12.46%	6.84%	+5.62%
Volatility (1Y) Calculated over the trailing 1-year period	14.56%	9.77%	+4.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	12.54%	+2.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.21%	13.21%	+4.00%

UIVM vs. CDC - Expense Ratio Comparison

UIVM has a 0.35% expense ratio, which is lower than CDC's 0.37% expense ratio.

Dividends

UIVM vs. CDC - Dividend Comparison

UIVM's dividend yield for the trailing twelve months is around 3.22%, more than CDC's 3.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	3.18%	3.36%	3.32%	4.24%	3.48%	2.65%	2.48%	3.04%	3.37%	2.81%	2.99%	3.17%
UIVM VictoryShares International Value Momentum ETF	3.22%	3.70%	5.09%	4.35%	3.03%	3.48%	1.63%	3.49%	2.78%	0.15%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UIVM and CDC in my portfolio?

UIVM and CDC have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UIVM or CDC?

UIVM has higher volatility (5.17%) compared to CDC (2.66%). In terms of maximum drawdown, UIVM dropped -42.73% vs CDC's -21.37%.

Which ETF is better, UIVM or CDC?

On 5-year performance, UIVM leads with 11.85% vs 5.08% for CDC. On fees, UIVM is cheaper at 0.35% per year. On volatility, CDC has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UIVM or CDC?

Over the 5-year period, UIVM has performed better with a 11.85% return vs 5.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UIVM or CDC?

UIVM is cheaper with a 0.35% expense ratio, compared with 0.37% for CDC.

Which ETF pays a higher dividend yield, UIVM or CDC?

UIVM has the higher dividend yield at 3.22%, compared with 3.18% for CDC.

What is the main difference between UIVM and CDC?

UIVM is categorized as Momentum, while CDC is Large Cap Value Equities. UIVM tracks Nasdaq Victory International Value Momentum Index, while CDC tracks Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index. They also come from different issuers: Victory Capital and Crestview. Their fees differ too: 0.35% for UIVM and 0.37% for CDC.

Which has better risk-adjusted returns?

UIVM currently has the higher Sharpe Ratio (2.37 vs 1.87), 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.