CDL vs IVV
VictoryShares US Large Cap High Div Volatility Wtd ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CDL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $404M | $865.2B | |
| Dividend Yield | 3.07% | 1.09% | |
| Holdings | 102 | 508 | |
| YTD Return | +17.16% | +13.80% | |
| 1Y Return | +21.89% | +23.70% | |
| 3Y Return (annualized) | +15.28% | +21.49% | |
| 5Y Return (annualized) | +10.35% | +13.43% | |
| Volatility (annualized) | 15.0% | 15.1% | |
| Max Drawdown | -41.4% | -56.5% | |
| Fund Family | Victory Capital Management Inc. | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 7, 2015 | May 15, 2000 |
CDL vs IVV Performance
VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) is a ETF from Victory Capital Management Inc. and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CDL returned +21.89% while IVV returned +23.70%. Year to date, CDL is up 17.16% versus a gain of 13.80% for IVV.
Over three years, CDL compounded at +15.28% per year against +21.49% for IVV; over five years the annualized figures are +10.35% and +13.43% respectively. Across the full 11-year window we track, CDL has the edge at +9.58% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 15.0% for CDL. 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 -41.4% for CDL and -56.5% for IVV. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CDL charges 0.35% per year while IVV charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, CDL currently yields 3.07% against 1.09% for IVV.
Holdings Overlap
CDL and IVV share 91 holdings out of 514 unique holdings combined, representing a 13.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CDL or IVV?
CDL has an expense ratio of 0.35% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, CDL or IVV?
Over the past year CDL returned +21.89% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (11 years), CDL annualized +9.58% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, CDL or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 15.0% for CDL. Worst drawdown: CDL -41.4% vs IVV -56.5%.
Should I hold both CDL and IVV?
CDL and IVV have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CDL and IVV?
CDL and IVV share 91 common holdings with a 13.4% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, CDL or IVV?
CDL yields 3.07% while IVV yields 1.09%, so CDL currently pays the higher dividend yield.
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