ETF Evaluator:
VictoryShares US SmCp Hi Div Vol Wtd ETF (CSB)
Follow This ETF
(as of Jul 31)
Best Performing in Small Value Over the Last Year
| 46.7% | Harbor SMID Cap Value ETF (EPSV) |
| 45.4% | EA Bridgeway Omni Small-Cap Value ETF (BSVO) |
| 44.7% | Invesco S&P SmallCap 600® Pure Value ETF (RZV) |
| 43.5% | Avantis US Small Cap Equity ETF (AVSC) |
| 43.0% | Vanguard Russell 2000 Value ETF (VTWV) |
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ETF Details
VictoryShares US SmCp Hi Div Vol Wtd ETF Overview
VictoryShares US SmCp Hi Div Vol Wtd ETF (CSB) is a passively managed U.S. Equity Small Value exchange-traded fund (ETF). Victory Capital Management Inc. launched the ETF in 2015.
The investment seeks to provide investment results that track the performance of the Nasdaq Victory U.S. Small Cap High Dividend 100 Volatility Weighted Index.
The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory U.S. Small Cap High Dividend 100 Volatility Weighted Index, an unmanaged, volatility weighted index maintained exclusively by the index provider. The index identifies the 100 highest dividend yielding stocks in the Nasdaq Victory U.S. Small Cap 500 Volatility Weighted Index.
About VictoryShares US SmCp Hi Div Vol Wtd ETF (CSB)
There are 2 members of the management team with an average tenure of 4.87 years: Mannik Dhillon (2018) and Lela Dunlap (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2000 Value TR USD index with a weighting of 100%. VictoryShares US SmCp Hi Div Vol Wtd ETF has 102 securities in its portfolio. The top 10 holdings constitute 16.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VictoryShares US SmCp Hi Div Vol Wtd ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. VictoryShares US SmCp Hi Div Vol Wtd ETF has 1.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.6% There is 1.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VictoryShares US SmCp Hi Div Vol Wtd ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $259 million in total assets, which is below the $2 billion average for the Small Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CSB Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VictoryShares US SmCp Hi Div Vol Wtd ETF expense ratio is below average compared to funds in the Small Value category. VictoryShares US SmCp Hi Div Vol Wtd ETF has an expense ratio of 0.35%, which is 26% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VictoryShares US SmCp Hi Div Vol Wtd ETF has a portfolio turnover rate of 66%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 61% for the Small Value category.
Recently, in the month of June 2026, VictoryShares US SmCp Hi Div Vol Wtd ETF returned 3.6%, which earned it a grade of D, as the Small Value category had an average return of 4.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VictoryShares US SmCp Hi Div Vol Wtd ETF has a trailing yield of 3.16%, which is above the 1.78% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VictoryShares US SmCp Hi Div Vol Wtd ETF Grades
Year to date, the ETF has returned 13.3%, 4.8 percentage points worse than the category, which translates into a grade of D. The fund has returned 22.5% over the past year (grade of F), 12.4% over the past three years (grade of D) and 5.4% per year over the past five years (grade of F) and 10.2% per year over the past 10 years (grade of D).
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CSB Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CSB Return (NAV) | 3.6% | 6.8% | 22.5% | 12.4% | 5.4% | 10.2% |
| CSB Return (Price) | 3.6% | 6.9% | 22.5% | 12.3% | 5.3% | 10.2% |
| NAV +/- Price Return | 0.020% | -0.038% | 0.027% | 0.023% | 0.059% | -0.044% |
| Small Value Avg | 4.6% | 13.4% | 30.2% | 15.0% | 8.0% | 10.5% |
| CSB Grade (NAV) | D | F | F | D | F | D |
| +/- Category (NAV) | -1.0% | -6.5% | -7.7% | -2.6% | -2.6% | -0.4% |
| CSB Tax-Cost Ratio | na | na | 1.4% | 1.4% | 1.4% | 1.4% |
CSB Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CSB Return (NAV) | 13.3% | 2.2% | 9.9% | 12.5% | -13.0% | 27.4% | 10.7% | 21.4% | -7.1% | 10.9% | 30.7% |
| CSB Return (Price) | 13.3% | 2.3% | 9.6% | 12.6% | -13.1% | 27.0% | 11.4% | 21.1% | -7.1% | 11.3% | 30.1% |
| NAV +/- Price Ret | -0.001% | 0.033% | -0.025% | 0.009% | 0.009% | -0.012% | 0.060% | -1.4% | 0.8% | 3.6% | -2.0% |
| Small Value Avg | 18.1% | 6.8% | 7.8% | 17.3% | -10.6% | 32.4% | 3.3% | 21.6% | -12.0% | 9.8% | 29.7% |
| CSB Grade (NAV) | D | F | B | F | D | D | A | C | A | C | C |
| +/- Category | -4.8% | -4.6% | 2.1% | -4.8% | -2.4% | -5.1% | 7.4% | -0.1% | 5.0% | 1.1% | 1.0% |
| Risk Measures | |
| Beta: | 0.72 |
| R-Squared: | 32% |
| Standard Deviation: | 16.7% |
| Category Risk Index: | 0.90 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.38 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 3.2% |
| Total Assets: | $ 259 Mil |
| Share Class Assets: | $ 259 Mil |
| Turnover: | 66.0% |
| Expense Ratio: | 0.35% |
| Index Fund: | Yes |
| Index Tracked: | Russell 3000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 8.1 years | |||
| Average Tenure: 4.9 years | |||
| Managers (Year): Dhillon Mannik (2018), Dunlap Lela (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 102 |
| % in Top 10 Holdings: | 16.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.3% |
Portfolio Allocation |
|
| Domestic Stock: | 98.6% |
| Foreign Stock: | 1.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Victory Capital Management Inc. |
| Phone Number: | 866-376-7890 |
| Website: | www.CompassEMPFunds.com |
| Inception Date: | July 7, 2015 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.47% |
