CDC
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
The VictoryShares US EQ Income Enhanced Volatility Wtd ETF tracks an index of 100 high-yield stocks pulled from the largest 500 US stocks, with an earnings screen and volatility weighting. The fund can hold up to 75% cash in downturns.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
888.9 M
ASSETS UNDER MGMT
38 bp
EXPENSES
Fund Basics
Fund sponsor | Victory Capital Management |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Jul 01, 2014 |
Assets (mns) | $889 |
Expense ratio | 38 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Monthly |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Technical |
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 | 1.5 % |
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 | 103 |
Herfindahl-Hirschman Index | 105 |
Wgt avg mkt cap (mns) | $81,121 |
Large cap (>$10bn) | 97.8% |
Mid cap ($2-10bn) | 1.3% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 97.7 % | |
BRITAIN | 1.0 % | |
IRELAND | 1.0 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 17.6% | 21.5% | 9.2% | 4.3% | 10.7% | 10.0% | 10.1% | Volatility | 11.2% | 8.1% | 12.1% | 12.6% | 15.1% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.55 | 51% |
MSCI EAFE | 0.61 | 60% |
MSCI Emg Mkts | 0.45 | 32% |
Liquidity Measures
Avg. volume (000) | 29 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.04% |
ADV of underlying (mns) | $24,351 |
Technical Indicators
Recent close | $65.04 |
30d moving avg. | $63.73 |
Annualized volatility | 13.8% |
Relative strength (RSI) | 49 |
Short interest (ETF) | 0.4% |
Short interest (underlying) | 2.5% |
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. CDC |
Expenses vs. CDC |
ALTAR Score™ vs. CDC |
---|---|---|---|---|
CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 99.7% | -3 bp | +0.0% |
DVY | iShares Select Dividend ETF | 50.3% | 0 bp | +0.6% |
DIVG | Invesco S&P 500 High Dividend Growers ETF | 48.1% | +1 bp | -0.6% |
SPYD | SPDR Portfolio S&P 500 High Dividend ETF | 48.0% | -31 bp | +1.2% |
LVHD | Franklin U.S. Low Volatility High Dividend Index ETF | 42.9% | -11 bp | -0.7% |
FTA | First Trust Large Cap Value AlphaDEX Fund | 40.6% | +21 bp | +0.5% |
DHS | WisdomTree U.S. High Dividend Fund | 40.4% | 0 bp | +0.2% |
SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 39.2% | -8 bp | +0.5% |
SDOG | ALPS Sector Dividend Dogs ETF | 38.3% | -2 bp | +1.2% |
FDL | First Trust Morningstar Dividend Leaders Index Fund | 37.3% | +7 bp | +1.2% |
Risk and Returns: CDC 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 10/4/2024
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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
CDC
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™
CDC
7.7%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. CDC's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places CDC in the 81st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CDCSELL
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 |
CDC (38 bp) Percentile rank | 40 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
CDC | 38.0 | 4.4 | 42.4 |
Peer Avg. | 35.4 | 14.9 | 50.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .