ETF Evaluator:
VictoryShares US 500 Volatility Wtd ETF ()
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(as of Aug 26)
Best Performing in Large Blend Over the Last Year
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ETF Details
VictoryShares US 500 Volatility Wtd ETF Overview
VictoryShares US 500 Volatility Wtd ETF (CFA) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). Victory Capital Management Inc. launched the ETF in 2014.
The investment seeks to provide investment results that track the performance of the Nasdaq Victory U.S. Large Cap 500 Volatility Weighted Index before fees and expenses.
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. Large Cap 500 Volatility Weighted Index, an unmanaged, volatility weighted index maintained exclusively by the index provider. The index identifies the 500 largest U.S. stocks by market capitalization measured at the time the index's constituent securities are determined.
About VictoryShares US 500 Volatility Wtd ETF (CFA)
There are 2 members of the management team with an average tenure of 4.96 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: S&P 500 (TR) (1970) index with a weighting of 100% and NASDAQ Victory US LC 500 Vlty Wtd TR USD index with a weighting of 100%. VictoryShares US 500 Volatility Wtd ETF has 502 securities in its portfolio. The top 10 holdings constitute 3.8% 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 500 Volatility Wtd ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. VictoryShares US 500 Volatility Wtd ETF has 1.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.0% There is 1.0% 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 500 Volatility Wtd ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $538 million in total assets, which is below the $13 billion average for the Large Blend 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.
CFA 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 500 Volatility Wtd ETF expense ratio is below average compared to funds in the Large Blend category. VictoryShares US 500 Volatility Wtd ETF has an expense ratio of 0.35%, which is 15% lower than its category average, making the fund expense ratio grade a C. 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 500 Volatility Wtd ETF has a portfolio turnover rate of 24%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, VictoryShares US 500 Volatility Wtd ETF returned 1.0%, which earned it a grade of B, as the Large Blend category had an average return of -0.8%. 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 500 Volatility Wtd ETF has a trailing yield of 1.22%, which is above the 1.16% 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 500 Volatility Wtd ETF Grades
Year to date, the ETF has returned 10.4%, 0.9 percentage points better than the category, which translates into a grade of C. The fund has returned 14.2% over the past year (grade of D), 12.4% over the past three years (grade of F) and 7.9% per year over the past five years (grade of F) and 11.5% per year over the past 10 years (grade of F).
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CFA Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CFA Return (NAV) | 1.0% | 4.3% | 14.2% | 12.4% | 7.9% | 11.5% |
| CFA Return (Price) | 1.0% | 4.2% | 14.3% | 12.4% | 7.9% | 11.4% |
| NAV +/- Price Return | 0.030% | 0.076% | -0.108% | -0.034% | 0.000% | 0.021% |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| CFA Grade (NAV) | B | C | D | F | F | F |
| +/- Category (NAV) | 1.9% | 0.5% | -3.4% | -5.0% | -3.2% | -2.2% |
| CFA Tax-Cost Ratio | na | na | 0.4% | 0.5% | 0.5% | 0.5% |
CFA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CFA Return (NAV) | 10.4% | 8.4% | 15.2% | 11.9% | -11.3% | 26.1% | 11.9% | 30.3% | -8.6% | 22.4% | 14.4% |
| CFA Return (Price) | 10.2% | 8.6% | 15.3% | 11.9% | -11.4% | 26.1% | 12.0% | 30.2% | -8.6% | 22.5% | 14.3% |
| NAV +/- Price Ret | -0.015% | 0.026% | 0.007% | -0.007% | 0.010% | 0.001% | 0.007% | -0.6% | -0.1% | 0.4% | -0.7% |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| CFA Grade (NAV) | C | F | F | F | A | D | F | C | F | B | A |
| +/- Category | 0.9% | -6.9% | -6.7% | -10.9% | 5.8% | -0.8% | -6.4% | 0.7% | -3.5% | 0.8% | 3.1% |
| Risk Measures | |
| Beta: | 0.76 |
| R-Squared: | 66% |
| Standard Deviation: | 12.2% |
| Category Risk Index: | 0.90 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.99 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 1.2% |
| Total Assets: | $ 538 Mil |
| Share Class Assets: | $ 538 Mil |
| Turnover: | 24.0% |
| Expense Ratio: | 0.35% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| 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: 8.2 years | |||
| Average Tenure: 5.0 years | |||
| Managers (Year): Dhillon Mannik (2018), Dunlap Lela (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 502 |
| % in Top 10 Holdings: | 3.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.0% |
| Foreign Stock: | 1.0% |
| 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 1, 2014 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.41% |
