VSDA vs. DARP

Last updated Apr 1, 2026

Compare and contrast key facts about VictoryShares Dividend Accelerator ETF (VSDA) and Grizzle Growth ETF (DARP).

VSDA and DARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VSDA is a passively managed fund by Crestview that tracks the performance of the Nasdaq Victory Dividend Accelerator Index. It was launched on Apr 18, 2017. DARP is an actively managed fund by Grizzle. It was launched on Dec 15, 2021.

Performance

VSDA vs. DARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Dividend Accelerator ETF (VSDA) and Grizzle Growth ETF (DARP). The values are adjusted to include any dividend payments, if applicable.

VSDA vs. DARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VSDA VictoryShares Dividend Accelerator ETF	3.70%	6.67%	9.40%	5.66%
DARP Grizzle Growth ETF	4.29%	40.19%	24.63%	6.25%

Returns By Period

In the year-to-date period, VSDA achieves a 3.70% return, which is significantly lower than DARP's 4.29% return.

VSDA

• 1D: 0.98%
• 1M: -6.88%
• YTD: 3.70%
• 6M: 3.36%
• 1Y: 8.38%
• 3Y*: 8.99%
• 5Y*: 7.80%
• 10Y*: —

DARP

• 1D: 3.09%
• 1M: -6.88%
• YTD: 4.29%
• 6M: 13.93%
• 1Y: 64.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VSDA vs. DARP - Expense Ratio Comparison

VSDA has a 0.35% expense ratio, which is lower than DARP's 0.75% expense ratio.

DARP

Grizzle Growth ETF

VSDA

VictoryShares Dividend Accelerator ETF

Return for Risk

VSDA vs. DARP — Risk / Return Rank

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

VSDA

VSDA Risk / Return Rank: 33
VSDA Sharpe Ratio Rank: 32
VSDA Sortino Ratio Rank: 33
VSDA Omega Ratio Rank: 30
VSDA Calmar Ratio Rank: 37
VSDA Martin Ratio Rank: 33

DARP

DARP Risk / Return Rank: 93
DARP Sharpe Ratio Rank: 93
DARP Sortino Ratio Rank: 92
DARP Omega Ratio Rank: 91
DARP Calmar Ratio Rank: 95
DARP Martin Ratio Rank: 96

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.

VSDA vs. DARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Dividend Accelerator ETF (VSDA) and Grizzle Growth ETF (DARP). 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.

	VSDA	DARP	Difference
Sharpe ratio Return per unit of total volatility	0.57	2.19	-1.61
Sortino ratio Return per unit of downside risk	0.92	2.73	-1.81
Omega ratio Gain probability vs. loss probability	1.12	1.39	-0.28
Calmar ratio Return relative to maximum drawdown	0.90	3.97	-3.07
Martin ratio Return relative to average drawdown	2.89	16.42	-13.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSDA vs. DARP - Sharpe Ratio Comparison

The current VSDA Sharpe Ratio is 0.57, which is lower than the DARP Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of VSDA and DARP, 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

	VSDA	DARP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.57	2.19	-1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	1.11	-0.44

Correlation

The correlation between VSDA and DARP is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

VSDA vs. DARP - Dividend Comparison

VSDA's dividend yield for the trailing twelve months is around 2.64%, more than DARP's 0.42% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
VSDA VictoryShares Dividend Accelerator ETF	2.64%	2.65%	2.36%	1.92%	1.83%	1.40%	1.49%	1.36%	1.69%	1.23%
DARP Grizzle Growth ETF	0.42%	0.43%	1.93%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

VSDA vs. DARP - Drawdown Comparison

The maximum VSDA drawdown since its inception was -32.12%, which is greater than DARP's maximum drawdown of -30.27%. Use the drawdown chart below to compare losses from any high point for VSDA and DARP.

Drawdown Indicators

	VSDA	DARP	Difference
Max Drawdown Largest peak-to-trough decline	-32.12%	-30.27%	-1.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.75%	-15.92%	+5.17%
Max Drawdown (5Y) Largest decline over 5 years	-16.14%	—	—
Current Drawdown Current decline from peak	-7.18%	-9.09%	+1.91%
Average Drawdown Average peak-to-trough decline	-3.60%	-4.84%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	3.85%	-0.49%

Volatility

VSDA vs. DARP - Volatility Comparison

The current volatility for VictoryShares Dividend Accelerator ETF (VSDA) is 3.53%, while Grizzle Growth ETF (DARP) has a volatility of 9.51%. This indicates that VSDA experiences smaller price fluctuations and is considered to be less risky than DARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSDA	DARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	9.51%	-5.98%
Volatility (6M) Calculated over the trailing 6-month period	7.92%	19.28%	-11.36%
Volatility (1Y) Calculated over the trailing 1-year period	14.76%	29.51%	-14.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.99%	26.42%	-12.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.67%	26.42%	-9.75%