CDL vs VOO
VictoryShares US Large Cap High Div Volatility Wtd ETF vs Vanguard S&P 500 ETF
Which is better, CDL or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. CDL is less concentrated, with 14.8% of the fund in its ten largest positions against 37.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CDL | VOO |
|---|---|---|
| Expense Ratio | 0.35% | 0.03%Best |
| AUM | $407M | $997.4B |
| Dividend Yield | 3.04% | 1.04% |
| Holdings | 102 | 509 |
| YTD Return | +12.03% | +13.31%Best |
| 1Y Return | +13.93% | +17.07%Best |
| 3Y Return (annualized) | +15.06% | +22.72%Best |
| 5Y Return (annualized) | +9.51% | +13.19%Best |
| Volatility (annualized) | 15.0%Best | 15.2% |
| Max Drawdown | -41.4% | -34.3%Best |
| $10,000 over 5 years | $15,750 | $18,580Best |
| Top 10 Weight | 14.8%Best | 37.6% |
| Fund Family | Victory Capital Management Inc. | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jul 7, 2015 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Jul 8, 2015 to Sep 23, 2026 (11.2 years).
CDL vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.2 years both funds cover.
CDL vs VOO Performance
VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) is an ETF from Victory Capital Management Inc. and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year CDL returned +13.93% while VOO returned +17.07%. Year to date, CDL is up 12.03% versus a gain of 13.31% for VOO.
Over three years, CDL compounded at +15.06% per year against +22.72% for VOO; over five years the annualized figures are +9.51% and +13.19% respectively. Across the full 11-year window we track, VOO has the edge at +13.36% annualized vs +9.03%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.2% 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 -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 3.04% against 1.04% for VOO.
Holdings Overlap
90.6% of CDL's money is in holdings VOO also owns. 13.5% of VOO's money is in holdings CDL also owns.
Most of CDL is already inside VOO. Owning both mostly buys the same companies twice.
88 positions in common, counted across the 100 positions we hold weights for in CDL and 494 in VOO, against full books of 102 and 509.
What only one of them owns
Our book lists 400 positions for VOO that do not appear in our book for CDL (85.7% of the fund), and 11 for CDL that do not appear in VOO (8.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CDL | Weight in VOO | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 1.12% | 1.00% | 0.12% |
| KOCoca Cola Co. | 1.58% | 0.53% | 1.05% |
| CVXChevron Corp | 1.28% | 0.57% | 0.71% |
| ABBVAbbvie Inc. | 1.06% | 0.69% | 0.37% |
| PGProcter & Gamble Company | 1.21% | 0.52% | 0.69% |
| DUKDuke Energy Corp | 1.53% | 0.15% | 1.38% |
| ADPAutomatic Data Processing, Inc. | 1.46% | 0.17% | 1.29% |
| EVRGEvergy Inc. | 1.54% | 0.03% | 1.51% |
| FEFirstenergy Corp. | 1.53% | 0.04% | 1.49% |
| WECWec Energy Group Inc. | 1.51% | 0.06% | 1.45% |
90.6% of CDL is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $32 a year on a $10,000 investment.
Which performed better, CDL or VOO?
Over the past year CDL returned +13.93% vs +17.07% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (11 years), CDL annualized +9.03% vs +13.36% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CDL or VOO?
VOO has been the more volatile fund at 15.2% annualized versus 15.0% for CDL. 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 their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CDL and VOO?
90.6% of CDL's money is in holdings VOO also owns. 13.5% of VOO's is in holdings CDL also owns. They hold 88 positions in common, counted across the 100 positions we hold weights for in CDL and 494 in VOO.
Which pays a higher dividend, CDL or VOO?
CDL yields 3.04% while VOO yields 1.04%, so CDL currently pays the higher dividend yield.
Is VOO better than CDL?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. CDL is less concentrated, with 14.8% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.