CDC vs SPY
CDC vs SPY
VictoryShares US EQ Income Enhanced Volatility Wtd ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CDC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $744M | $789.1B | |
| Dividend Yield | 3.08% | 1.01% | |
| Holdings | 102 | 505 | |
| YTD Return | +17.24% | +13.79% | |
| 1Y Return | +21.93% | +23.66% | |
| 3Y Return (annualized) | +14.08% | +21.40% | |
| 5Y Return (annualized) | +6.70% | +13.37% | |
| Volatility (annualized) | 12.4% | 15.3% | |
| Max Drawdown | -21.4% | -56.5% | |
| Fund Family | Victory Capital Management Inc. | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 1, 2014 | Jan 22, 1993 |
CDC vs SPY Performance
VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) is a ETF from Victory Capital Management Inc. and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CDC returned +21.93% while SPY returned +23.66%. Year to date, CDC is up 17.24% versus a gain of 13.79% for SPY.
Over three years, CDC compounded at +14.08% per year against +21.40% for SPY; over five years the annualized figures are +6.70% and +13.37% respectively. Across the full 12-year window we track, SPY has the edge at +8.85% annualized vs +8.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.4% for CDC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.4% for CDC and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CDC charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, CDC currently yields 3.08% against 1.01% for SPY.
Holdings Overlap
CDC and SPY share 89 holdings out of 514 unique holdings combined, representing a 13.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CDC | Weight in SPY | Difference |
|---|---|---|---|
| KO | 1.50% | 0.50% | 1.00% |
| XOM | 1.05% | 0.87% | 0.18% |
| DUK | 1.63% | 0.15% | 1.48% |
| PG | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| WEC | Pro | Pro | Pro |
| FE | Pro | Pro | Pro |
| LNT | Pro | Pro | Pro |
| EVRG | Pro | Pro | Pro |
| SO | Pro | Pro | Pro |
See all 10 holdings CDC shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, CDC or SPY?
CDC has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, CDC or SPY?
Over the past year CDC returned +21.93% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (12 years), CDC annualized +8.39% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, CDC or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.4% for CDC. Worst drawdown: CDC -21.4% vs SPY -56.5%.
Should I hold both CDC and SPY?
CDC and SPY have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CDC and SPY?
CDC and SPY share 89 common holdings with a 13.2% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, CDC or SPY?
CDC yields 3.08% while SPY yields 1.01%, so CDC currently pays the higher dividend yield.
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