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
107.5 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) | $107 |
| 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
| DEUTSCHE TELEKOM AG | 0.4 % |
| DANONE | 0.4 % |
| UNITED OVERSEAS BANK LTD | 0.4 % |
| SINGAPORE TECHNOLOGIES ENG | 0.4 % |
| DEUTSCHE BOERSE AG | 0.4 % |
| SCHINDLER HOLDING AG PREF | 0.4 % |
| LONDON STOCK EXCHANGE GROUP | 0.4 % |
| ASSICURAZIONI GENERALI | 0.4 % |
| OVERSEA-CHINESE BANKING CORP | 0.4 % |
| PEMBINA PIPELINE CORP | 0.4 % |
Constituent Breakdown
| Number of holdings | 509 |
| Herfindahl-Hirschman Index | 22 |
| Wgt avg mkt cap (mns) | $44,144 |
| Large cap (>$10bn) | 94.0% |
| Mid cap ($2-10bn) | 5.5% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 97.6% |
| Emerging mkts. | 2.4% |
Country Exposure
 |
JAPAN | 15.4 % |
 |
CANADA | 11.2 % |
 |
BRITAIN | 9.7 % |
 |
FRANCE | 8.8 % |
 |
GERMANY | 7.1 % |
 |
SWITZERLAND | 6.5 % |
 |
AUSTRALIA | 6.0 % |
 |
SWEDEN | 4.8 % |
 |
ITALY | 3.7 % |
 |
NETHERLANDS | 3.7 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 13.5% | 14.0% | 7.9% | 6.3% | 8.1% | -- | -- | 3.4% |
| Dividend Yield | 0.5% | 3.2% | 3.1% | 3.0% | 2.9% | -- | -- | 2.6% |
| Total Returns | 14.0% | 17.2% | 11.0% | 9.3% | 11.0% | -- | -- | 6.0% | Ann. Volatility | 20.7% | 15.8% | 14.1% | 19.0% | 18.0% | -- | -- | 19.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.80 | 61% |
| MSCI EAFE | 0.93 | 88% |
| MSCI Emg Mkts | 0.78 | 62% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.32% |
| ADV of underlying (mns) | $36,461 |
Technical Indicators
| Recent close | $47.44 |
| 30d moving avg. | $45.24 |
| Annualized volatility | 16.8% |
| Relative strength (RSI) | 60 |
| 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. CIL |
Expenses vs. CIL |
ALTAR Score™ vs. CIL |
|---|---|---|---|---|
| TPIF | Timothy Plan International ETF | 67.8% | +17 bp | -0.3% |
| BKIE | BNY Mellon International Equity ETF | 53.1% | -41 bp | +0.4% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 53.0% | -25 bp | +0.5% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 52.1% | -20 bp | +0.5% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 50.7% | -9 bp | 0.0% |
| EFA | iShares MSCI EAFE ETF | 50.0% | -10 bp | +0.2% |
| JHMD | John Hancock Multifactor Developed International ETF | 49.5% | -6 bp | +1.0% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 49.1% | -42 bp | +0.7% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 49.0% | -25 bp | +0.3% |
| EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 48.5% | -25 bp | -0.2% |
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
| 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
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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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 4/30/2025
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
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
CIL
6.8%
Cat. Avg
7.6%
ALTAR Score™ Calculation
Category Overview
There are 251 funds in the International Equity category, with an average ALTAR Score™
of 7.6% and a standard deviation of
1.8%. CIL's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places CIL in the 32nd 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 | 61 |
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. | 27.8 | 14.7 | 42.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .