CIL
VictoryShares International Volatility Wtd ETF
The VictoryShares International Volatility Wtd ETF tracks an index of developed-market equities outside the US. The index screens for 4 quarters of positive earnings and weights its securities inversely by volatility.
International
EQUITY
Passive
MANAGEMENT STYLE
96.6 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | Victory Capital Management |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 20, 2015 |
| Assets (mns) | $97 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Earnings |
| Weighting | Volatility |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROYAL KPN NV | 0.5 % |
| DEUTSCHE TELEKOM AG | 0.4 % |
| UNILEVER PLC | 0.4 % |
| LONDON STOCK EXCHANGE GROUP | 0.4 % |
| DBS GROUP HOLDINGS LTD | 0.4 % |
| OVERSEA-CHINESE BANKING CORP | 0.4 % |
| UNITED OVERSEAS BANK LTD | 0.4 % |
| ZURICH FINANCIAL SERVICES AG | 0.4 % |
| SWISSCOM AG | 0.4 % |
| ASSICURAZIONI GENERALI | 0.4 % |
Constituent Breakdown
| Number of holdings | 505 |
| Herfindahl-Hirschman Index | 22 |
| Wgt avg mkt cap (mns) | $42,272 |
| Large cap (>$10bn) | 92.3% |
| Mid cap ($2-10bn) | 7.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.5% |
| Emerging mkts. | 2.6% |
Country Exposure
 |
JAPAN | 19.2 % |
 |
CANADA | 11.1 % |
 |
BRITAIN | 9.5 % |
 |
FRANCE | 8.4 % |
 |
SWITZERLAND | 6.8 % |
 |
AUSTRALIA | 6.3 % |
 |
GERMANY | 5.8 % |
 |
SWEDEN | 4.6 % |
 |
NETHERLANDS | 4.1 % |
 |
ITALY | 3.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.3% | 22.4% | 17.1% | 1.8% | 5.5% | -- | 5.6% | Volatility | 12.1% | 12.2% | 13.9% | 19.1% | 20.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.87 | 75% |
| MSCI EAFE | 0.97 | 96% |
| MSCI Emg Mkts | 0.81 | 65% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.32% |
| ADV of underlying (mns) | $62,004 |
Technical Indicators
| Recent close | $42.94 |
| 30d moving avg. | $44.68 |
| Annualized volatility | 17.4% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 1.1% |
| Short interest (underlying) | 0.0% |
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. CIL |
Expenses vs. CIL |
ALTAR Score™ vs. CIL |
|---|---|---|---|---|
| CIZ | VictoryShares Developed Enhanced Volatility Wtd ETF | 97.6% | +6 bp | +0.1% |
| TPIF | Timothy Plan International ETF | 71.6% | +17 bp | -0.2% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 53.4% | -20 bp | +0.2% |
| BKIE | BNY Mellon International Equity ETF | 53.4% | -41 bp | +0.1% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 52.4% | -25 bp | +0.0% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 50.5% | -9 bp | -0.4% |
| EFA | iShares MSCI EAFE ETF | 50.4% | -10 bp | -0.1% |
| JHMD | John Hancock Multifactor Developed International ETF | 50.2% | -6 bp | +0.8% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 49.2% | -25 bp | 0.0% |
| IQIN | IQ 500 International ETF | 48.7% | -20 bp | +2.2% |
Risk and Returns: CIL 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 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
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
CIL
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
CIL
7.0%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. CIL's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places CIL in the 44th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CILSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| CIL (45 bp) Percentile rank | 62 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CIL | 45.0 | 32.3 | 77.3 |
| Peer Avg. | 26.6 | 13.3 | 39.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .