VictoryShares US 500 Enhanced Volatility Wtd ETF
$78.87−0.26 (−0.33%)
- Expense ratio
- 0.39%
- Fund size
- $404M
- 1Y return
- +9.3%
- Yield · Last 12 months
- 1.26%
- Holdings
- 502
- Volume · 30D
- 0M sh
- NAV per share
- $79.22
- 52W range
The ETF.net CFO Grade
Score 49 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 10Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 92Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 40Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 43Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 88Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 59Category rank
Our read on CFO
CMost low-vol ETFs tilt toward calm stocks and stay invested. CFO does that, then adds a rules-based escape hatch: after a big enough drop from the high, the index shifts most of the portfolio to cash, then steps back in by formula.
The Fund seeks to track the performance of the CEMP US Large Cap 500 Long/Cash Volatility Weighted Index before fees and expenses.
Why people hold it
- The exit is mechanical, not a judgment call: if the reference index ends a month 10% or more below its all-time high, the index moves 75% of the stock sleeve into cash equivalents.sec.gov
- Re-entry is contrarian by design: it buys stocks back as the decline deepens (another 25% at 30% below the high, the rest at 40%) or once the index recovers to within 10% of it.sec.govinvestor.vcm.com
- Weighting runs on volatility, not size: roughly 500 large caps that earned money over the past year, with the steadiest names carrying the heaviest weights.vcm.com
- Trading since 2014, so the cash switch has been tested by live drawdowns, not just a backtest. Distributions land monthly, unusual for an equity index fund.
Worth knowing
- 0.39% a year is about double the typical low-volatility peer, where LGLV charges 0.12% and QLV 0.09%. The cash machinery is what the extra buys.
- Triggers read month-end values only. A sharp slide and rebound inside a single month passes with no shift, and the exit fires after a decline is already on the board.sec.gov
- It trades lighter than the household names in the low-vol aisle, so bid-ask spreads can run wider, particularly right at the open and close.
CFO Holdings
- Stocks
- 502
- 4%
- BRK-B
Sectors
- Financials18.9%
- Industrials17.3%
- Technology16.6%
- Health Care10.6%
- Consumer Discr.9.3%
- Utilities7.8%
- Cons. Staples6.6%
- Energy5.6%
- Materials3.5%
- Communication3.4%
- Real Estate0.5%
Geography
- United States96.07%
- Ireland1.77%
- Switzerland0.81%
- Bermuda0.78%
- United Kingdom0.31%
- Netherlands0.15%
- Cayman Islands0.10%
CFO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | CFO |
|---|---|
| Year to date | +8.2% |
| 1 month | −3.9% |
| 3 months | +0.5% |
| 1 year | +9.3% |
| 3 years | +11.7% |
| 5 years | +3.8% |
| 10 years | +9.1% |
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 | CFO |
|---|---|---|
| 2026 YTD | +8.2% | |
| 2025 | +8.6% | |
| 2024 | +15.4% | |
| 2023 | −3.6% | |
| 2022 | −14.4% | |
| 2021 | +26.0% | |
| 2020 | +19.8% |
CFO in the news
ETF.net Research hasn’t filed on CFO yet — coverage lands here as it’s written.
CFO Dividends
- 1.26%
- $0.99
- $0.13 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 9, 2026 | Sep 10, 2026 | $0.13 |
| Aug 7, 2026 | Aug 10, 2026 | $0.04 |
| Jul 9, 2026 | Jul 10, 2026 | $0.08 |
| Jun 9, 2026 | Jun 10, 2026 | $0.13 |
| May 8, 2026 | May 11, 2026 | $0.03 |
| Apr 9, 2026 | Apr 10, 2026 | $0.08 |
| Mar 10, 2026 | Mar 11, 2026 | $0.12 |
| Feb 9, 2026 | Feb 10, 2026 | $0.04 |
| Jan 8, 2026 | Jan 9, 2026 | $0.11 |
| Dec 11, 2025 | Dec 12, 2025 | $0.11 |
| Nov 7, 2025 | Nov 10, 2025 | $0.04 |
| Oct 9, 2025 | Oct 10, 2025 | $0.09 |
CFO Risk
- 11.2%
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.
- 0.62
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.
- −24.3%
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.
- 0.65
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CFO Cost
- The middle half of US Low Volatility Index funds
- Median 0.20%
13 of the 16 US Low Volatility Index funds charge less.