First-Year Review
Cambria Global EW ETF's largest holding is another fund, about 25 times an equal share
VictoryShares US 500 Volatility Wtd ETF
$98.27+0.14 (+0.14%)
- 0.39%
- $514M
- +12.0%
- 1.25%
- 0M sh
- $97.93
- low $87.20high $103.11
The ETF.net CFA Grade
C
Score 50 out of 100
- 10 of 16
Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F10 out of 100Rank 14 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.A92 out of 100Rank 4 of 16Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C40 out of 100Rank 11 of 16Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 9 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A88 out of 100Rank 1 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B55 out of 100Rank 10 of 16
Our read on CFA
CCFA puts its low-volatility tilt in the weighting rather than a screen: roughly 500 US large caps, each sized by its own volatility instead of its market value. A 2014-vintage take on the factor.
The fund aims to track the performance of the CEMP US Large Cap 500 Volatility Weighted Index before accounting for fees and expenses.
Why people hold it
- Sizes positions by volatility instead of market value, so the market's largest companies don't automatically become the fund's largest holdings.
- Holds about 500 large caps rather than narrowing to a short list, so the calm-down effect comes from position sizing, not from what gets cut out.
- Tracks its stated index closely, and the portfolio matches what the name advertises: broad US large-cap, volatility-weighted.
- Running since 2014, with a monthly distribution cadence rather than the quarterly rhythm of most equity funds.
Worth knowing
- At 0.39% a year it costs roughly double the typical US low-volatility fund. Rivals like LGLV and QLV charge a fraction of that for the same broad idea.
- Thinly traded next to the giants of the category, which can mean wider bid-ask spreads at the moment you transact.
- Volatility weighting reshuffles risk, it doesn't remove it. The fund stays fully invested in large-cap stocks and moves with them in a selloff.
CFA Holdings
- Stocks
- 502
- 4%
- BRK.B
Sectors
- Financials19.2%
- Industrials17.6%
- Technology13.6%
- Health Care11.6%
- Consumer Discretionary9.9%
- Utilities8.7%
- Consumer Staples6.5%
- Energy5.5%
- Materials3.9%
- Communication3.2%
- Real Estate0.3%
Geography
- United States95.84%
- Ireland1.97%
- Bermuda0.89%
- Switzerland0.69%
- United Kingdom0.33%
- Netherlands0.13%
- Singapore0.08%
- Cayman Islands0.07%
CFA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
CFA$11,205
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CFA |
|---|---|
| Year to date | +8.9% |
| 1 month | −0.5% |
| 3 months | −1.0% |
| 1 year | +12.0% |
| 3 years | +14.8% |
| 5 years | +8.0% |
| 10 years | +11.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CFA |
|---|---|---|
| 2026 YTD | +8.9% | |
| 2025 | +8.6% | |
| 2024 | +15.3% | |
| 2023 | +11.9% | |
| 2022 | −11.4% | |
| 2021 | +26.1% | |
| 2020 | +12.0% |
CFA in the news
Category Review
Cash-flow quality returned 42% while QUAL returned 17%
CFA Dividends
- 1.25%
- $1.22
- $0.10 per share
- Monthly
Distribution history
CFA Risk
- 12.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.75
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −20.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.86
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CFA Cost
0.39%
CFA0.39%
- The middle half of US Low Volatility Index funds
- Median 0.20%
13 of the 16 US Low Volatility Index funds charge less.
Other funds in US Low Volatility Index
- BSPLVInvesco S&P 500 Low Volatility ETFExpense ratio 0.25%1 year return +2.8%
- BVFMVVanguard U.S. Minimum Volatility ETFExpense ratio 0.13%1 year return +15.7%
- CCFOVictoryShares US 500 Enhanced Volatility Wtd ETFExpense ratio 0.39%1 year return +12.1%
- CESMViShares ESG Optimized MSCI USA Min Vol Factor ETFExpense ratio 0.18%1 year return +12.0%
- CXMLVInvesco S&P MidCap Low Volatility ETFExpense ratio 0.25%1 year return +6.2%