CDL vs VOO
CDL vs VOO
VictoryShares US Large Cap High Div Volatility Wtd ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CDL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $404M | $979.0B | |
| Dividend Yield | 3.07% | 1.09% | |
| Holdings | 102 | 509 | |
| YTD Return | +17.16% | +13.80% | |
| 1Y Return | +21.89% | +23.71% | |
| 3Y Return (annualized) | +15.28% | +21.50% | |
| 5Y Return (annualized) | +10.35% | +13.44% | |
| Volatility (annualized) | 15.0% | 14.1% | |
| Max Drawdown | -41.4% | -34.3% | |
| Fund Family | Victory Capital Management Inc. | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 7, 2015 | Sep 7, 2010 |
CDL vs VOO Performance
VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) is a ETF from Victory Capital Management Inc. and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CDL returned +21.89% while VOO returned +23.71%. Year to date, CDL is up 17.16% versus a gain of 13.80% for VOO.
Over three years, CDL compounded at +15.28% per year against +21.50% for VOO; over five years the annualized figures are +10.35% and +13.44% respectively. Across the full 11-year window we track, VOO has the edge at +13.58% annualized vs +9.58%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CDL has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 VOO 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 VOO.
Holdings Overlap
CDL and VOO share 90 holdings out of 515 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 CDL | Weight in VOO | Difference |
|---|---|---|---|
| KO | 1.50% | 0.49% | 1.01% |
| XOM | 1.05% | 0.88% | 0.17% |
| DUK | 1.63% | 0.15% | 1.48% |
| PG | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| FE | Pro | Pro | Pro |
| WEC | Pro | Pro | Pro |
| EVRG | Pro | Pro | Pro |
| SO | Pro | Pro | Pro |
| LNT | Pro | Pro | Pro |
See all 10 holdings CDL shares with VOO Exact weights in each fund and the difference, for every overlapping position. X-ray my whole portfolio$99/yr Pro · 7-day refund | |||
Frequently Asked Questions
Which is cheaper, CDL or VOO?
CDL has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, CDL or VOO?
Over the past year CDL returned +21.89% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (11 years), CDL annualized +9.58% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, CDL or VOO?
CDL has been the more volatile fund at 15.0% annualized versus 14.1% for VOO. Worst drawdown: CDL -41.4% vs VOO -34.3%.
Should I hold both CDL and VOO?
CDL and VOO 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 VOO?
CDL and VOO share 90 common holdings with a 13.2% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, CDL or VOO?
CDL yields 3.07% while VOO yields 1.09%, so CDL currently pays the higher dividend yield.
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