VictoryShares US Large Price, Forecast, Insider, Ratings, Fundamentals & Signals

VictoryShares US Large Cap High Div Volatility Wtd ETF offers a rules-based approach that bridges active and passive management. The ETF's investment process may result in betting on both good and bad sectors, potentially leading to so-so returns in 2024. A company's past 12-month profitability is essential to CDL's selection process.

CDL has a 3.62% dividend yield and makes monthly distributions. Its expense ratio is 0.35%, and the ETF has amassed $354 million in assets under management over nearly nine years. Victory Capital's literature suggests market-cap-weighting schemes are flawed and that its volatility-weighted approach is superior. However, the evidence I gathered indicates the opposite. CDL features 11–12% lower free cash flow margins than funds like SCHD and DLN, which incorporate a security's size into the weighting equation. It's no coincidence that they've outperformed.

With the acquisition of EQM Indexes, VettaFi's family of indexes now powers nearly $19 billion in ETFs and other investment vehicles. In May 2022, VettaFi was created by unifying complementary businesses who shared a common vision for client success, the value of relationships, and the importance of data.

While fixed income ETFs remain popular with advisors, we sense a shift in sentiment. Now that the Federal Reserve has paused raising interest rates, many advisors are also looking to alternative income strategies.

The CDL ETF uses a non-traditional method of weighing holdings based on trailing volatility instead of market cap or dividend yield. The CDL ETF is currently paying a 3.4% trailing distribution yield.

VictoryShares US Large Cap High Div Volatility Wtd ETF's valuations are compelling. CDL ETF could work well as risk-off conditions grow.

CDL is a volatility-weighted ETF with a portfolio of high-yield U.S. heavyweight players that have certain quality characteristics. CDL has underperformed IVV since inception but delivered much stronger performance this year, which I believe to be mostly the consequence of the large-size, quality, and value factor combination.

Low interest rates and jittery equity markets combine to highlight the allure of high dividend and low volatility exchange trade funds. Some ETFs, including the VictoryShares US Large Cap High Div Volatility Wtd ETF (NasdaqGM: CDL), marry those concepts.

We backtest the discrete volatility model from Lazard Asset Management for a VXX trading strategy. The additional layer of specification yields a stellar return in the in-sample period, but disappoints in the out-of-sample period.

This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ