CDC vs VYM

Quick Verdict

VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.

Lower Fees: VYMHigher Returns: VYMMore Diversified: VYM

Side-by-Side Comparison

MetricCDCVYMWinner
Expense Ratio0.35%0.04%
AUM$744M$79.0B
Dividend Yield3.08%2.86%
Holdings102568
YTD Return+17.24%+15.80%
1Y Return+21.93%+26.12%
3Y Return (annualized)+14.08%+18.25%
5Y Return (annualized)+6.70%+12.51%
Volatility (annualized)12.4%14.6%
Max Drawdown-21.4%-58.8%
Fund FamilyVictory Capital Management Inc.Vanguard (US)
CategoryEquityEquity
InceptionJul 1, 2014Nov 10, 2006

CDC vs VYM Performance

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) is a ETF from Victory Capital Management Inc. and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CDC returned +21.93% while VYM returned +26.12%. Year to date, CDC is up 17.24% versus a gain of 15.80% for VYM.

Over three years, CDC compounded at +14.08% per year against +18.25% for VYM; over five years the annualized figures are +6.70% and +12.51% respectively. Across the full 12-year window we track, CDC has the edge at +8.39% annualized vs +7.07%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.88. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

CDC charges 0.35% per year while VYM charges 0.04%. On a $10,000 position that is $35 vs $4 annually, a gap of $31 per year that compounds over a long holding period. On income, CDC currently yields 3.08% against 2.86% for VYM.

Holdings Overlap

31.4%overlap

CDC and VYM share 96 holdings out of 562 unique holdings combined, representing a 31.4% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in CDCWeight in VYMDifference
XOM1.05%2.83%1.78%
PG1.22%1.72%0.50%
KO1.50%1.39%0.11%
ABBVProProPro
CVXProProPro
HDProProPro
MRKProProPro
PMProProPro
DUKProProPro
SOProProPro
See all 10 holdings CDC shares with VYM
Exact weights in each fund and the difference, for every overlapping position.
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Frequently Asked Questions

Which is cheaper, CDC or VYM?

CDC has an expense ratio of 0.35% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $31 per year of difference.

Which performed better, CDC or VYM?

Over the past year CDC returned +21.93% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (12 years), CDC annualized +8.39% vs +7.07% for VYM. Past performance does not guarantee future results.

Which is riskier, CDC or VYM?

VYM has been the more volatile fund at 14.6% annualized versus 12.4% for CDC. Worst drawdown: CDC -21.4% vs VYM -58.8%.

Should I hold both CDC and VYM?

CDC and VYM have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between CDC and VYM?

CDC and VYM share 96 common holdings with a 31.4% weight overlap. Combined, they hold 562 unique securities.

Which pays a higher dividend, CDC or VYM?

CDC yields 3.08% while VYM yields 2.86%, so CDC currently pays the higher dividend yield.

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