CDL
VictoryShares US Large Cap High Dividend Volatility Wtd ETF
The VictoryShares US Large Cap High Div Volatility Wtd ETF tracks the performance of the Compass EMP US Large Cap High Dividend 100 Volatility Weighted Index by investing in large dividend-paying US common stocks.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
334.6 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | Victory Capital Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 07, 2015 |
| Assets (mns) | $335 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Volatility |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| COCA-COLA CO/THE | 1.7 % |
| PHILIP MORRIS INTERNATIONAL | 1.6 % |
| KIMBERLY-CLARK CORP | 1.6 % |
| KINDER MORGAN INC | 1.5 % |
| WILLIAMS COS INC | 1.4 % |
| DUKE ENERGY CORP | 1.4 % |
| ALTRIA GROUP INC | 1.4 % |
| LOCKHEED MARTIN CORP | 1.4 % |
| SOUTHERN CO | 1.3 % |
| PEPSICO INC | 1.3 % |
Constituent Breakdown
| Number of holdings | 102 |
| Herfindahl-Hirschman Index | 107 |
| Wgt avg mkt cap (mns) | $84,434 |
| Large cap (>$10bn) | 97.9% |
| Mid cap ($2-10bn) | 1.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 98.3 % |
 |
IRELAND | 1.0 % |
 |
BRITAIN | 1.0 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 23.8% | 30.0% | 11.3% | 11.0% | 11.1% | -- | 11.3% | Volatility | 10.6% | 11.2% | 12.9% | 14.6% | 21.2% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 65% |
| MSCI EAFE | 0.76 | 71% |
| MSCI Emg Mkts | 0.56 | 37% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $32,410 |
Technical Indicators
| Recent close | $64.35 |
| 30d moving avg. | $68.93 |
| Annualized volatility | 15.8% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 2.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CDL |
Expenses vs. CDL |
ALTAR Score™ vs. CDL |
|---|---|---|---|---|
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 99.7% | +3 bp | 0.0% |
| DVY | iShares Select Dividend ETF | 49.5% | +3 bp | +0.5% |
| SPYD | SPDR Portfolio S&P 500 High Dividend ETF | 48.5% | -28 bp | +1.2% |
| DIVG | Invesco S&P 500 High Dividend Growers ETF | 46.8% | +4 bp | -0.3% |
| LVHD | Franklin U.S. Low Volatility High Dividend Index ETF | 43.1% | -8 bp | -0.8% |
| DHS | WisdomTree U.S. High Dividend Fund | 40.5% | +3 bp | -0.2% |
| HDV | iShares Core High Dividend ETF | 40.4% | -27 bp | -0.5% |
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 39.3% | -5 bp | +0.5% |
| FTA | First Trust Large Cap Value AlphaDEX Fund | 39.3% | +24 bp | +0.7% |
| SDOG | ALPS Sector Dividend Dogs ETF | 38.5% | +1 bp | +1.6% |
Risk and Returns: CDL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CDL
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
CDL
8.2%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. CDL's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places CDL in the 84th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CDLSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| CDL (35 bp) Percentile rank | 37 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CDL | 35.0 | 7.3 | 42.3 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .