CDL: VICTORYSHARES US LARGE CAP HIGH DIV VOLATILITY WTD ETF
What this ETF is trying to do
The VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) focuses on large US companies that pay high dividends. It uses a specific weighting method based on volatility to manage its portfolio.
What the numbers show
As of October 9, 2026, the share price is $75.96.
When looking at performance, it is important to distinguish between price return (the change in share price) and total return (which includes the share price change plus distributions).
• Year-to-Date (YTD): The price return is 10.33%, while the total return is 13.11%.
• One Year: The price return is 10.43%, and the total return is 14.14%.
• Three Year: The price return is 41.56%, and the total return is 57.69%.
To put the one-year price return in perspective, if you had invested $10,000 based on the estimated price from roughly one year ago ($68.79), the price-only increase would be worth approximately $1,043.
Income and distribution explanation
This ETF usually pays distributions monthly. Over the last 12 months, it made 13 payouts. The distribution yield is 3.53%.
It is important for new investors to remember that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment (the principal) will stay the same or grow.
NAV Erosion Explanation
"NAV erosion" happens when the net asset value of a fund declines over time, often meaning the fund is losing its internal value. StockValueFinder uses an erosion-risk score to measure this.
This ETF has an erosion score of 100, and the label states "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.
Top Holdings
The fund holds 101 different assets. Because the list is partial, these are the Top Holdings as of October 4, 2026:
• Coca-Cola Co: 1.59%
• Duke Energy Corp: 1.53%
• Evergy Inc: 1.53%
• FirstEnergy Corp: 1.52%
• WEC Energy Group Inc: 1.51%
• Alliant Energy Corp: 1.48%
• Automatic Data Processing Inc: 1.47%
• DTE Energy Co: 1.42%
• CMS Energy Corp: 1.37%
• State Street Corp: 1.36%
Pros
• Positive price and total returns over the short and long term.
• Consistent monthly distribution history.
• No detected price erosion according to the erosion-risk score.
Cons
• The distribution yield is relatively modest compared to some high-income funds.
• The portfolio is spread across many holdings, meaning no single company has a very large impact.
Beginner takeaway
This ETF provides exposure to large, dividend-paying US companies. It has shown growth in both share price and total return over the last three years. While it provides regular cash income, investors should always look at the total return rather than just the distribution yield to see how the investment is actually performing.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | WEC ENERGY GROUP INC | WEC | 1.64% |
| 2 | EVERGY INC | EVRG | 1.62% |
| 3 | DUKE ENERGY CORP | DUK | 1.61% |
| 4 | FIRSTENERGY CORP | FE | 1.59% |
| 5 | CONSOLIDATED EDISON INC | ED | 1.55% |
| 6 | ALLIANT ENERGY CORP | LNT | 1.53% |
| 7 | SOUTHERN CO | SO | 1.47% |
| 8 | CMS ENERGY CORP | CMS | 1.46% |
| 9 | PPL CORP | PPL | 1.46% |
| 10 | AMERICAN ELECTRIC POWER CO INC | AEP | 1.43% |