CFA vs HYEM

Comparison between VICTORYSHARES US 500 VOLATILITY WTD ETF (CFA, ETF) and VANECK EMERGING MARKETS HIGH YIELD BOND ETF (HYEM, ETF).

5-Year PerformanceCFA has outperformed HYEM, delivering a return of +8.0% compared to +3.1%

CFA vs HYEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CFA(ETF)	HYEM(ETF)
Net Assets	$534M	$534M
Expense Ratio	0.35%	0.40%
Max Drawdown	37.86%	40.87%
Sharpe Ratio	0.82	0.99
5Y Beta	0.73	0.23
P/E Ratio	23.04	N/A
Forward P/E	17.82	N/A
PEG Ratio	0.32	N/A
5Y Dividends CAGR	13.45%	2.03%
5Y EPS CAGR	12.55%	N/A
Debt to Equity	12.91%	N/A
P/S Ratio	1.99	N/A
P/B Ratio	3.47	N/A

Net Assets

CFA

$534M

HYEM

$534M

Expense Ratio

Winner

CFA

0.35%

HYEM

0.40%

Max Drawdown

Winner

CFA

37.86%

HYEM

40.87%

Sharpe Ratio

CFA

0.82

Winner

HYEM

0.99

5Y Beta

CFA

0.73

Winner

HYEM

0.23

P/E Ratio

CFA

23.04

HYEM

N/A

Forward P/E

CFA

17.82

HYEM

N/A

PEG Ratio

CFA

0.32

HYEM

N/A

5Y Dividends CAGR

Winner

CFA

13.45%

HYEM

2.03%

5Y EPS CAGR

CFA

12.55%

HYEM

N/A

Debt to Equity

CFA

12.91%

HYEM

N/A

P/S Ratio

CFA

1.99

HYEM

N/A

P/B Ratio

CFA

3.47

HYEM

N/A

CFA vs HYEM - Historical Returns

Returns include dividend reinvestment.

Period	CFA	HYEM
1 month	+1.37%	-0.14%
3 months	+3.55%	+1.47%
6 months	+5.57%	+3.24%
1 year	+13.18%	+8.23%
5 years(CAGR)	+8.04%	+3.08%
10 years(CAGR)	+11.40%	+4.39%
Max(CAGR)	+10.48%	+4.72%

Winner

CFA

+1.37%

HYEM

-0.14%

Winner

CFA

+3.55%

HYEM

+1.47%

Winner

CFA

+5.57%

HYEM

+3.24%

Winner

CFA

+13.18%

HYEM

+8.23%

5Y(CAGR)

Winner

CFA

+8.04%

HYEM

+3.08%

10Y(CAGR)

Winner

CFA

+11.40%

HYEM

+4.39%

Max(CAGR)

Winner

CFA

+10.48%

HYEM

+4.72%

CFA vs HYEM - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	CFA	HYEM
2026	+8.68%	+4.12%
2025	+8.76%	+9.01%
2024	+15.26%	+12.45%
2023	+11.98%	+7.86%
2022	-10.96%	-12.90%
2021	+27.98%	-0.98%
2020	+11.49%	+6.12%
2019	+31.11%	+13.10%
2018	-9.01%	-3.50%
2017	+21.65%	+8.03%
2016	+16.93%	+15.76%
2015	+0.12%	+3.55%
2014	+4.74%	-2.46%
2013	N/A	-1.69%
2012	N/A	+12.10%

CFA vs HYEM Drawdown Comparison

The maximum drawdown for CFA was -37.73%, occurring on Mar 23, 2020. Recovery took 182 trading sessions.

The maximum drawdown for HYEM was -30.96%, occurring on Mar 19, 2020. Recovery took 192 trading sessions.

The current CFA drawdown is -1.04%. The current HYEM drawdown is -0.19%.

Rank	CFA	HYEM
#1	-37.73% Feb 19, 2020 - Nov 5, 2020	-30.96% Feb 12, 2020 - Nov 13, 2020
#2	-20.87% Dec 29, 2021 - Jan 29, 2024	-26.31% Jun 24, 2021 - Sep 17, 2024
#3	-20.84% Sep 20, 2018 - Apr 30, 2019	-14.00% Jul 11, 2014 - May 13, 2016
#4	-17.28% Nov 29, 2024 - Aug 22, 2025	-9.87% May 9, 2013 - Apr 1, 2014
#5	-14.17% Jun 23, 2015 - Apr 27, 2016	-7.30% Feb 1, 2018 - Feb 5, 2019
#6	-9.12% Jan 26, 2018 - Aug 17, 2018	-5.22% Feb 28, 2025 - May 16, 2025
#7	-7.52% Sep 17, 2014 - Oct 29, 2014	-4.81% Sep 30, 2016 - Jan 5, 2017
#8	-7.13% Mar 2, 2026 - Jun 2, 2026	-4.52% Aug 1, 2019 - Nov 25, 2019
#9	-6.65% Jun 8, 2016 - Jul 11, 2016	-3.51% May 14, 2012 - Jun 25, 2012
#10	-6.21% Jul 26, 2019 - Oct 29, 2019	-2.73% Feb 25, 2026 - Apr 16, 2026
#11	-5.85% Apr 30, 2019 - Jun 20, 2019	-2.50% Jun 25, 2012 - Jul 13, 2012
#12	-5.54% Nov 16, 2021 - Dec 27, 2021	-2.02% Feb 19, 2021 - May 6, 2021
#13	-5.53% Mar 28, 2024 - Jul 12, 2024	-1.78% Sep 11, 2012 - Oct 16, 2012
#14	-5.29% Nov 26, 2014 - Dec 29, 2014	-1.77% Jan 23, 2013 - Apr 4, 2013
#15	-5.13% Sep 2, 2021 - Oct 21, 2021	-1.60% Jan 17, 2020 - Feb 12, 2020

Correlation

Correlation between CFA and HYEM is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (2012 - 2026)

CFA vs HYEM dividend yield comparison.

Year	CFA	HYEM
2026	0.64%	3.39%
2025	1.29%	6.67%
2024	1.32%	6.34%
2023	1.42%	6.27%
2022	1.59%	6.47%
2021	1.04%	5.33%
2020	1.21%	5.56%
2019	1.35%	6.14%
2018	1.50%	5.71%
2017	1.15%	5.86%
2016	1.37%	6.25%
2015	1.31%	7.64%
2014	0.63%	6.77%
2013	0.00%	6.14%
2012	0.00%	3.91%