CID
VictoryShares International High Div Volatility Wtd ETF
The VictoryShares International High Div Volatility Wtd ETF tracks an index of about 100 developed-market stocks outside the US, screened for positive earnings and high dividend yield, and weighted inversely by volatility.
Fund Basics
| Fund sponsor | Victory Capital Management |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 20, 2015 |
| Assets (mns) | $19 |
| Expense ratio | 45 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 | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| SOFTBANK CORP. | 2.4 % |
| ROYAL KPN NV | 1.7 % |
| JAPAN TOBACCO INC | 1.7 % |
| OVERSEA-CHINESE BANKING CORP | 1.6 % |
| TELSTRA CORPORATION LIMITED | 1.5 % |
| COLES GROUP LTD. | 1.4 % |
| GLAXOSMITHKLINE PLC | 1.4 % |
| BCE INC. | 1.4 % |
| CAN IMPERIAL BK OF COMMERCE | 1.4 % |
| WESTPAC BANKING CORP | 1.4 % |
Constituent Breakdown
| Number of holdings | 103 |
| Herfindahl-Hirschman Index | 106 |
| Wgt avg mkt cap (mns) | $37,395 |
| Large cap (>$10bn) | 95.3% |
| Mid cap ($2-10bn) | 4.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.1% |
| Emerging mkts. | 1.9% |
Country Exposure
 |
BRITAIN | 14.0 % |
 |
AUSTRALIA | 9.9 % |
 |
FRANCE | 8.6 % |
 |
ITALY | 8.3 % |
 |
CANADA | 7.5 % |
 |
HONG KONG | 5.7 % |
 |
SINGAPORE | 5.4 % |
 |
SWITZERLAND | 5.2 % |
 |
NETHERLANDS | 5.0 % |
 |
JAPAN | 4.8 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 0.4% | 10.0% | 5.0% | 5.9% | 5.0% | -- | 4.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.62 | 49% |
| MSCI EAFE | 0.84 | 82% |
| MSCI Emg Mkts | 0.71 | 62% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.31% |
| ADV of underlying (mns) | $8,268 |
Technical Indicators
| Recent close | $31.27 |
| 30d moving avg. | $30.63 |
| Annualized volatility | 15.8% |
| Relative strength (RSI) | 71 |
| Short interest (ETF) | 0.0% |
| 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. CID |
Expenses vs. CID |
ALTAR Score™ vs. CID |
|---|---|---|---|---|
| DTH | WisdomTree International High Dividend Fund | 38.2% | +13 bp | +0.7% |
| LVHI | Franklin International Low Volatility High Dividend Index ET | 32.2% | -5 bp | +0.6% |
| IDOG | ALPS International Sector Dividend Dogs ETF | 31.4% | +5 bp | +2.2% |
| FIDI | Fidelity International High Dividend ETF | 30.4% | -27 bp | +0.6% |
| HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 30.2% | -36 bp | +0.3% |
| VWID | Virtus WMC International Dividend ETF | 29.1% | +4 bp | -0.1% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 28.1% | -36 bp | -1.5% |
| DOL | WisdomTree International LargeCap Dividend Fund | 26.4% | +3 bp | -1.8% |
| HDAW | Xtrackers MSCI All World ex US High Dividend Yield Equity ET | 25.0% | -25 bp | +1.2% |
| EFV | iShares MSCI EAFE Value ETF | 25.0% | -11 bp | -0.4% |
Risk and Returns: CID 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 4/18/2024
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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
CID
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
CID
9.7%
Cat. Avg
7.3%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.7% |
Recommendation
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.
Category Overview
There are 257 funds in the International Equities category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. CID's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places CID in the 83rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CID
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CID | 45.0 | 31.2 | 76.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .