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CDL vs SPY

Comparison between VICTORYSHARES US LARGE CAP HIGH DIV VOLATILITY WTD ETF (CDL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed CDL, delivering a return of +13.3% compared to +9.0%

CDL vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
CDL
$388M
Winner
SPY
$735B
Expense Ratio
CDL
0.35%
Winner
SPY
0.09%
Max Drawdown
Winner
CDL
41.37%
SPY
56.47%
Sharpe Ratio
Winner
CDL
1.63
SPY
1.62
5Y Beta
Winner
CDL
0.45
SPY
1.00
P/E Ratio
Winner
CDL
17.35
SPY
28.99
Forward P/E
Winner
CDL
13.65
SPY
22.37
PEG Ratio
CDL
0.44
SPY
N/A
5Y Dividends CAGR
Winner
CDL
10.08%
SPY
5.43%
5Y EPS CAGR
CDL
5.91%
Winner
SPY
26.05%
Debt to Equity
Winner
CDL
19.58%
SPY
32.40%
P/S Ratio
Winner
CDL
1.60
SPY
3.74
P/B Ratio
Winner
CDL
2.22
SPY
5.61

CDL vs SPY - Holdings Comparison

CDL and SPY have 92 common holdings. Overlap is 13.24%

CDL's top 25 holdings weight is 34.37%. SPY's top 25 holdings weight is 52.37%.

RankCDLSPY
#1
ALLIANT ENERGY CORP (LNT) - 1.66%
NVIDIA CORP (NVDA) - 8.10%
#2
DUKE ENERGY CORP (DUK) - 1.65%
APPLE INC (AAPL) - 7.02%
#3
WEC ENERGY GROUP INC (WEC) - 1.64%
MICROSOFT CORP (MSFT) - 4.79%
#4
EVERGY INC (EVRG) - 1.63%
AMAZON.COM INC (AMZN) - 4.02%
#5
DTE ENERGY CO (DTE) - 1.56%
ALPHABET INC CLASS A (GOOGL) - 3.51%
#6
FIRSTENERGY CORP (FE) - 1.55%
BROADCOM INC (AVGO) - 3.10%
#7
CMS ENERGY CORP (CMS) - 1.54%
ALPHABET INC CLASS C (GOOG) - 2.79%
#8
COCA-COLA CO (KO) - 1.54%
META PLATFORMS INC CLASS A (META) - 2.08%
#9
SOUTHERN CO (SO) - 1.52%
TESLA INC (TSLA) - 1.89%
#10
DOMINION ENERGY INC (D) - 1.41%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
CONSOLIDATED EDISON INC (ED) - 1.40%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#12
AMERICAN ELECTRIC POWER CO INC (AEP) - 1.34%
ELI LILLY AND CO (LLY) - 1.31%
#13
PPL CORP (PPL) - 1.33%
JPMORGAN CHASE & CO (JPM) - 1.28%
#14
XCEL ENERGY INC (XEL) - 1.28%
ADVANCED MICRO DEVICES INC (AMD) - 1.27%
#15
CHEVRON CORP (CVX) - 1.26%
EXXON MOBIL CORP (XOM) - 0.97%
#16
KINDER MORGAN INC CLASS P (KMI) - 1.24%
INTEL CORP (INTC) - 0.90%
#17
PROCTER & GAMBLE CO (PG) - 1.24%
JOHNSON & JOHNSON (JNJ) - 0.86%
#18
EXELON CORP (EXC) - 1.22%
VISA INC CLASS A (V) - 0.85%
#19
AUTOMATIC DATA PROCESSING INC (ADP) - 1.22%
WALMART INC (WMT) - 0.81%
#20
CNA FINANCIAL CORP (CNA) - 1.21%
CISCO SYSTEMS INC (CSCO) - 0.72%
#21
ALTRIA GROUP INC (MO) - 1.20%
COSTCO WHOLESALE CORP (COST) - 0.69%
#22
PUBLIC SERVICE ENTERPRISE GROUP INC (PEG) - 1.20%
CATERPILLAR INC (CAT) - 0.66%
#23
PRINCIPAL FINANCIAL GROUP INC (PFG) - 1.18%
MASTERCARD INC CLASS A (MA) - 0.62%
#24
FRANKLIN RESOURCES INC (BEN) - 1.18%
LAM RESEARCH CORP (LRCX) - 0.62%
#25
METLIFE INC (MET) - 1.17%
ABBVIE INC (ABBV) - 0.58%
Total Holdings101505

CDL vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
CDL
+0.77%
Winner
SPY
+1.90%
3M
CDL
+1.89%
Winner
SPY
+8.55%
6M
Winner
CDL
+12.35%
SPY
+8.18%
1Y
CDL
+21.08%
Winner
SPY
+25.79%
5Y(CAGR)
CDL
+9.02%
Winner
SPY
+13.32%
10Y(CAGR)
CDL
+10.97%
Winner
SPY
+15.19%
Max(CAGR)
Winner
CDL
+11.02%
SPY
+8.47%

CDL vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearCDLSPY
2026+11.51%+8.26%
2025+9.00%+18.00%
2024+14.13%+25.59%
2023+2.66%+26.72%
2022-0.49%-18.64%
2021+35.24%+30.52%
2020-3.15%+17.28%
2019+26.55%+31.09%
2018-5.51%-5.24%
2017+15.39%+20.78%
2016+21.72%+13.59%
2015+0.35%+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

CDL vs SPY Drawdown Comparison

The maximum drawdown for CDL was -41.02%, occurring on Mar 23, 2020. Recovery took 250 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current CDL drawdown is -0.65%. The current SPY drawdown is -2.90%.

RankCDLSPY
#1-41.02%
Jan 17, 2020 - Jan 14, 2021		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-17.28%
Apr 20, 2022 - Mar 20, 2024		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-15.21%
Sep 14, 2018 - Apr 1, 2019		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-12.87%
Nov 29, 2024 - Aug 13, 2025		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-9.66%
Nov 2, 2015 - Mar 4, 2016		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-9.13%
Jan 26, 2018 - Aug 17, 2018		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-8.30%
Aug 14, 2015 - Oct 12, 2015		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-6.55%
Jul 26, 2019 - Sep 11, 2019		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-6.36%
Apr 30, 2019 - Jun 20, 2019		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-5.66%
Mar 2, 2026 - Apr 30, 2026		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-5.43%
Jan 14, 2022 - Mar 25, 2022		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-5.26%
Mar 28, 2024 - May 9, 2024		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-4.84%
May 10, 2021 - Aug 11, 2021		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-4.79%
Jan 14, 2021 - Feb 8, 2021		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-4.69%
Nov 23, 2021 - Dec 15, 2021		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between CDL and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98
-101

Dividend Comparison (1999 - 2026)

CDL vs SPY dividend yield comparison.

YearCDLSPY
20261.00%0.24%
20253.33%1.07%
20243.27%1.21%
20233.61%1.40%
20223.31%1.65%
20212.60%1.20%
20203.32%1.52%
20193.05%1.75%
20183.32%2.04%
20172.87%1.80%
20162.97%2.03%
20151.28%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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