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WAR vs. CDC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WAR vs. CDC

Last updated Jun 25, 2026

WAR (U.S. Global Technology and Aerospace & Defense ETF) and CDC (VictoryShares US EQ Income Enhanced Volatility Wtd ETF) are both exchange-traded funds - WAR is a Aerospace & Defense fund actively managed by US Global, 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. WAR is actively managed, while CDC is passively managed. At a correlation of -0.43, they often move in opposite directions. WAR charges 0.60%/yr vs 0.37%/yr for CDC.

Performance

WAR vs. CDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Technology and Aerospace & Defense ETF (WAR) and VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

WAR

1D
-1.83%
1M
-6.13%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

CDC

1D
0.12%
1M
0.92%
YTD
14.10%
6M
13.32%
1Y
20.80%
3Y*
13.02%
5Y*
6.36%
10Y*
10.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WAR vs. CDC - Yearly Performance Comparison

2026 (YTD)
WAR
U.S. Global Technology and Aerospace & Defense ETF		-6.13%
CDC
VictoryShares US EQ Income Enhanced Volatility Wtd ETF		0.92%

Correlation

The correlation between WAR and CDC is -0.43, 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 (All Time)
Calculated using the full available price history since May 26, 2026

-0.43

WAR vs. CDC - Sectors Allocation Comparison

Sectors
WAR
CDC

Technology

55.6%
5.0%

Industrials

39.8%
4.4%

Financial Services

2.7%
24.0%

Basic Materials

-

0.0%

Consumer Cyclical

-

7.0%

Consumer Defensive

-

15.1%

Energy

-

8.8%

Healthcare

-

6.9%

Real Estate

-

0.0%

Utilities

-

23.9%

Communication Services

-5.0%
4.0%

Technology

WAR
55.6%
CDC
5.0%

Industrials

WAR
39.8%
CDC
4.4%

Financial Services

WAR
2.7%
CDC
24.0%

Basic Materials

WAR

-

CDC
0.0%

Consumer Cyclical

WAR

-

CDC
7.0%

Consumer Defensive

WAR

-

CDC
15.1%

Energy

WAR

-

CDC
8.8%

Healthcare

WAR

-

CDC
6.9%

Real Estate

WAR

-

CDC
0.0%

Utilities

WAR

-

CDC
23.9%

Communication Services

WAR
-5.0%
CDC
4.0%

Compare stocks, funds, or ETFs

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U.S. Global Technology and Aerospace & Defense ETF

VictoryShares US EQ Income Enhanced Volatility Wtd ETF

Often compared with WAR:
WAR vs. UFOWAR vs. ARKXWAR vs. DRNZWAR vs. ITAWAR vs. KDEFWAR vs. JETSWAR vs. NATO
Often compared with CDC:
CDC vs. SCHDCDC vs. FNDBCDC vs. VSDACDC vs. VOOCDC vs. DIACDC vs. JEPICDC vs. JNK

Return for Risk

WAR vs. CDC — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CDC
CDC Risk / Return Rank: 7575
Overall Rank
CDC Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
CDC Sortino Ratio Rank: 7878
Sortino Ratio Rank
CDC Omega Ratio Rank: 6868
Omega Ratio Rank
CDC Calmar Ratio Rank: 7979
Calmar Ratio Rank
CDC Martin Ratio Rank: 7676
Martin Ratio Rank
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.

WAR vs. CDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Technology and Aerospace & Defense ETF (WAR) 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.

WARCDCDifference
Sharpe ratioReturn per unit of total volatility

—

2.10

—

Sortino ratioReturn per unit of downside risk

—

3.06

—

Omega ratioGain probability vs. loss probability

—

1.36

—

Calmar ratioReturn relative to maximum drawdown

—

3.69

—

Martin ratioReturn relative to average drawdown

—

12.98

—

WAR vs. CDC - Sharpe Ratio Comparison

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Drawdowns

WAR vs. CDC - Drawdown Comparison

The maximum WAR drawdown since its inception was -13.13%, smaller than the maximum CDC drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for WAR and CDC.

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Drawdown Indicators

WARCDCDifference

Max Drawdown

Largest peak-to-trough decline

-13.13%

-21.37%

+8.24%

Max Drawdown (1Y)

Largest decline over 1 year

—

-5.67%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-12.70%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-21.37%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-21.37%

—

Current Drawdown

Current decline from peak

-12.02%

-0.37%

-11.65%

Average Drawdown

Average peak-to-trough decline

-5.79%

-5.09%

-0.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

1.61%

—

Volatility

WAR vs. CDC - Volatility Comparison

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Volatility by Period

WARCDCDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.33%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

7.11%

—

Volatility (1Y)

Calculated over the trailing 1-year period

51.88%

9.98%

+41.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

51.88%

12.52%

+39.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

51.88%

13.21%

+38.67%

WAR vs. CDC - Expense Ratio Comparison

WAR has a 0.60% expense ratio, which is higher than CDC's 0.37% expense ratio.

Dividends

WAR vs. CDC - Dividend Comparison

WAR has not paid dividends to shareholders, while CDC's dividend yield for the trailing twelve months is around 3.13%.

PositionTTM20252024202320222021202020192018201720162015
CDC
VictoryShares US EQ Income Enhanced Volatility Wtd ETF		3.13%3.36%3.32%4.24%3.48%2.65%2.48%3.04%3.37%2.81%2.99%3.17%
WAR
U.S. Global Technology and Aerospace & Defense ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

WAR and CDC have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CDC is cheaper at 0.37% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CDC is cheaper with a 0.37% expense ratio, compared with 0.60% for WAR.

CDC has the higher dividend yield at 3.13%, compared with 0.00% for WAR.

WAR is categorized as Aerospace & Defense, while CDC is Large Cap Value Equities. They also come from different issuers: US Global and Crestview. Their fees differ too: 0.60% for WAR and 0.37% for CDC.

Portfolio Optimizer

Find the right allocation for WAR and CDC

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