CFO
VictoryShares US 500 Enhanced Volatility Wtd ETF
The VictoryShares US 500 Enhanced Volatility Wtd Index ETF tracks an index of the largest US stocks by market cap, screened for positive earnings and weighted by volatility. The fund can move to 75% cash maximum in market downturns.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
449.9 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | Victory Capital Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 01, 2014 |
| Assets (mns) | $450 |
| Expense ratio | 40 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| 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
| T-MOBILE US, INC. | 0.5 % |
| ROBINHOOD MARKETS, INC. CLASS A | 0.4 % |
| BANK OF NEW YORK MELLON CORP | 0.4 % |
| APPLOVIN CORP. CLASS A | 0.4 % |
| VERISIGN INC | 0.4 % |
| ATMOS ENERGY CORP | 0.4 % |
| VISA INC. CLASS A | 0.4 % |
| ENTERGY CORP | 0.4 % |
| LOEWS CORP | 0.4 % |
| PHILIP MORRIS INTERNATIONAL | 0.4 % |
Constituent Breakdown
| Number of holdings | 505 |
| Herfindahl-Hirschman Index | 25 |
| Wgt avg mkt cap (mns) | $133,215 |
| Large cap (>$10bn) | 95.3% |
| Mid cap ($2-10bn) | 3.3% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 98.6% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 100.4 % |
 |
IRELAND | 2.5 % |
 |
BERMUDA | 0.6 % |
 |
SWITZERLAND | 0.5 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 7.0% | 5.7% | 11.9% | 4.8% | 6.3% | 8.0% | -- | 6.9% |
| Dividend Yield | 0.2% | 0.4% | 1.2% | 2.2% | 1.9% | 1.7% | -- | 1.6% |
| Total Returns | 7.3% | 6.1% | 13.1% | 7.0% | 8.1% | 9.6% | -- | 8.5% | Ann. Volatility | 17.6% | 16.3% | 13.8% | 13.4% | 13.8% | 13.5% | -- | 13.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 70% |
| MSCI EAFE | 0.46 | 35% |
| MSCI Emg Mkts | 0.27 | 14% |
Liquidity Measures
| Avg. volume (000) | 7 |
| ADV traded (mns) | $1 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| Recent close | $73.50 |
| 30d moving avg. | $73.25 |
| Annualized volatility | 11.7% |
| Relative strength (RSI) | 55 |
| Short interest | 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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| CFA | VictoryShares US 500 Volatility Wtd ETF | 104.8% | -5 bp | +6.0% |
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 77.8% | -31 bp | +6.1% |
| EUSA | iShares MSCI USA Equal Weighted ETF | 71.8% | -31 bp | +6.2% |
| RSP | Invesco S&P 500 Equal Weight ETF | 71.6% | -20 bp | +6.7% |
| SIZE | iShares MSCI USA Size Factor ETF | 71.5% | -25 bp | +6.0% |
| JHML | John Hancock Multifactor Large Cap ETF | 63.8% | -11 bp | +5.2% |
| SSPY | Syntax Stratified LargeCap ETF | 63.1% | -10 bp | +6.6% |
| SHUS | Syntax Stratified U.S. Total Market Hedged ETF | 62.9% | +25 bp | +6.3% |
| DEUS | Xtrackers Russell US Multifactor ETF | 59.2% | -23 bp | +6.9% |
| TPLC | Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund | 56.2% | +12 bp | +5.6% |
Risk and Returns: CFO 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 10/29/2025
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
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™
CFO
5.9%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 995 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. CFO's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places CFO in the 55th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CFOSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 627 |
| Avg. Expense Ratio | 46.1 bp |
| Std. Deviation | 32.8 bp |
| CFO (40 bp) Percentile rank | 42 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CFO | 40.0 | 6.8 | 46.8 |
| Peer Avg. | 46.1 | 15.6 | 61.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .