CFA vs ULST

Comparison between VICTORYSHARES US 500 VOLATILITY WTD ETF (CFA, ETF) and STATE STREET(R) ULTRA SHORT TERM BOND ETF (ULST, ETF).

5-Year PerformanceCFA has outperformed ULST, delivering a return of +8.0% compared to +3.6%

CFA vs ULST - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CFA(ETF)	ULST(ETF)
Net Assets	$534M	$533M
Expense Ratio	0.35%	0.20%
Max Drawdown	37.86%	6.34%
Sharpe Ratio	0.82	-0.16
5Y Beta	0.73	-0.01
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%	39.62%
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

Winner

CFA

$534M

ULST

$533M

Expense Ratio

CFA

0.35%

Winner

ULST

0.20%

Max Drawdown

CFA

37.86%

Winner

ULST

6.34%

Sharpe Ratio

Winner

CFA

0.82

ULST

-0.16

5Y Beta

CFA

0.73

Winner

ULST

-0.01

P/E Ratio

CFA

23.04

ULST

N/A

Forward P/E

CFA

17.82

ULST

N/A

PEG Ratio

CFA

0.32

ULST

N/A

5Y Dividends CAGR

CFA

13.45%

Winner

ULST

39.62%

5Y EPS CAGR

CFA

12.55%

ULST

N/A

Debt to Equity

CFA

12.91%

ULST

N/A

P/S Ratio

CFA

1.99

ULST

N/A

P/B Ratio

CFA

3.47

ULST

N/A

CFA vs ULST - Historical Returns

Returns include dividend reinvestment.

Period	CFA	ULST
1 month	+1.37%	+0.27%
3 months	+3.55%	+0.71%
6 months	+5.57%	+1.50%
1 year	+13.18%	+3.75%
5 years(CAGR)	+8.04%	+3.58%
10 years(CAGR)	+11.40%	+2.68%
Max(CAGR)	+10.48%	+2.21%

Winner

CFA

+1.37%

ULST

+0.27%

Winner

CFA

+3.55%

ULST

+0.71%

Winner

CFA

+5.57%

ULST

+1.50%

Winner

CFA

+13.18%

ULST

+3.75%

5Y(CAGR)

Winner

CFA

+8.04%

ULST

+3.58%

10Y(CAGR)

Winner

CFA

+11.40%

ULST

+2.68%

Max(CAGR)

Winner

CFA

+10.48%

ULST

+2.21%

CFA vs ULST - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	CFA	ULST
2026	+8.68%	+1.58%
2025	+8.76%	+4.81%
2024	+15.26%	+5.25%
2023	+11.98%	+5.59%
2022	-10.96%	+0.87%
2021	+27.98%	+0.21%
2020	+11.49%	+1.45%
2019	+31.11%	+3.25%
2018	-9.01%	+1.94%
2017	+21.65%	+1.29%
2016	+16.93%	+1.54%
2015	+0.12%	+0.14%
2014	+4.74%	+0.29%
2013	N/A	+0.22%

CFA vs ULST Drawdown Comparison

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

The maximum drawdown for ULST was -6.20%, occurring on Mar 25, 2020. Recovery took 81 trading sessions.

The current CFA drawdown is -1.04%. The current ULST drawdown is -0.03%.

Rank	CFA	ULST
#1	-37.73% Feb 19, 2020 - Nov 5, 2020	-6.20% Mar 5, 2020 - Jun 30, 2020
#2	-20.87% Dec 29, 2021 - Jan 29, 2024	-1.22% Oct 5, 2021 - Nov 23, 2022
#3	-20.84% Sep 20, 2018 - Apr 30, 2019	-0.54% Aug 5, 2024 - Aug 13, 2024
#4	-17.28% Nov 29, 2024 - Aug 22, 2025	-0.54% May 2, 2014 - Jul 22, 2014
#5	-14.17% Jun 23, 2015 - Apr 27, 2016	-0.51% Jan 31, 2025 - Feb 11, 2025
#6	-9.12% Jan 26, 2018 - Aug 17, 2018	-0.50% Feb 8, 2016 - Apr 7, 2016
#7	-7.52% Sep 17, 2014 - Oct 29, 2014	-0.49% Nov 12, 2014 - Jun 1, 2015
#8	-7.13% Mar 2, 2026 - Jun 2, 2026	-0.44% Jun 1, 2015 - Feb 8, 2016
#9	-6.65% Jun 8, 2016 - Jul 11, 2016	-0.39% Jul 22, 2014 - Nov 3, 2014
#10	-6.21% Jul 26, 2019 - Oct 29, 2019	-0.39% Sep 18, 2020 - Nov 25, 2020
#11	-5.85% Apr 30, 2019 - Jun 20, 2019	-0.37% Apr 3, 2025 - Apr 16, 2025
#12	-5.54% Nov 16, 2021 - Dec 27, 2021	-0.34% May 31, 2016 - Jun 8, 2016
#13	-5.53% Mar 28, 2024 - Jul 12, 2024	-0.32% Jun 10, 2016 - Jul 18, 2016
#14	-5.29% Nov 26, 2014 - Dec 29, 2014	-0.27% May 19, 2016 - May 31, 2016
#15	-5.13% Sep 2, 2021 - Oct 21, 2021	-0.27% Jan 13, 2014 - Feb 25, 2014

Correlation

Correlation between CFA and ULST is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2013 - 2026)

CFA vs ULST dividend yield comparison.

Year	CFA	ULST
2026	0.64%	1.99%
2025	1.29%	4.46%
2024	1.32%	5.03%
2023	1.42%	4.45%
2022	1.59%	1.70%
2021	1.04%	0.54%
2020	1.21%	1.34%
2019	1.35%	2.56%
2018	1.50%	2.13%
2017	1.15%	1.21%
2016	1.37%	0.93%
2015	1.31%	0.37%
2014	0.63%	0.34%
2013	0.00%	0.07%