VictoryShares US 500 Volatility Wtd ETF (CFA) Performance
CFA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.0% since Dec 31, 2025
- 1 year
- +11.6% total return
- 5 years
- +7.3% a year
- 10 years
- +11.7% a year
- Since first price
- +10.4% a year since 2014
CFA trailing returns vs SPY, QQQ, AGG
| Period | CFA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.2% | +3.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.7% | +1.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.2% | +4.6% | +7.8% | +8.4% | −1.5% |
| YTD | +11.0% | +9.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.6% | +10.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +58.5%+16.6%/yr | +52.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +42.4%+7.3%/yr | +32.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +201.9%+11.7%/yr | +163.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionJul 2, 2014 | +238.1%+10.4%/yr | +185.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CFA vs SPY
From Jul 2, 2014: CFA grew to $33,806, SPY to $47,242.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CFA returns by calendar year
8 of 11 full years positive. Best 2019 (+30.2%), worst 2022 (−11.4%). 2026 is year to date.
CFA annual returns table
| Year | CFA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.0% | −7.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.6% | −15.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +15.3% | −7.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.9% | −11.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.4% | −20.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +26.1% | −5.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +12.0% | −37.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +30.2% | −6.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −8.6% | −20.8% | −4.6% | −0.1% | +0.1% |
| 2017 | +22.5% | −3.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +14.3% | −8.6% | +12.0% | +7.1% | +2.4% |
| 2015 | −0.4% | −9.5% | +1.2% | +9.4% | +0.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CFA largest drawdowns
Now 2.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −37.7% | Mar 23, 2020 | Nov 5, 2020 | 33 days | 9 months |
| Dec 29, 2021 | −20.9% | Sep 30, 2022 | Jan 29, 2024 | 9 months | 2.1 years |
| Sep 20, 2018 | −20.8% | Dec 24, 2018 | Apr 30, 2019 | 3 months | 7 months |
| Nov 29, 2024 | −17.3% | Apr 8, 2025 | Aug 22, 2025 | 4 months | 9 months |
| Jun 23, 2015 | −14.2% | Feb 11, 2016 | Apr 27, 2016 | 8 months | 10 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CFA risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +13.6% | +7.6% | +11.0% | +10.3% |
| Volatility (annualized) | 12.0% | 15.0% | 15.6% | 14.9% |
| Sharpe ratio | 0.76 | 0.33 | 0.60 | 0.61 |
| Sortino ratio | 1.21 | 0.49 | 0.89 | 0.92 |
| Best month | +8.0% | +10.0% | +12.7% | +12.7% |
| Worst month | −6.6% | −8.9% | −16.5% | −16.5% |
| Best 12 months | +31.3% | +31.3% | +60.4% | +60.4% |
| Worst 12 months | +1.6% | −13.0% | −14.3% | −14.3% |
| Positive months | 67% | 58% | 65% | 63% |
| Beta vs S&P 500 | 0.76 | 0.86 | 0.95 | — |
| Correlation with S&P 500 | 0.78 | 0.89 | 0.93 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CFA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 136 | −14.3% | +11.2% | +60.4% | 82% |
| 3-year (a year) | 112 | +1.1% | +11.1% | +22.5% | 100% |
| 5-year (a year) | 88 | +4.0% | +10.6% | +16.4% | 100% |
| 10-year (a year) | 28 | +9.9% | +11.0% | +12.4% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
CFA performance overview
VictoryShares US 500 Volatility Wtd ETF (CFA) returned +11.6% over the past year and +11.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +10.4% a year, turning $10,000 into about $33,806. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −37.7%, from Feb 19, 2020 to Mar 23, 2020, and it took 7 months to get back to the old high. CFA finished 8 of its 11 full calendar years with a gain; the best year was 2019 (+30.2%) and the worst 2022 (−11.4%). Volatility has been 14.9% a year.
Related: CFA chart, CFA holdings, CFA dividends, CFA valuation. See the CFA overview for the latest quote and fund facts.
CFA performance FAQ
What is the CFA return over the past year?
CFA returned +11.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 10.2%.
What is the average annual return of CFA?
CFA has returned +7.3% a year over 5 years, +11.7% a year over 10 years, +10.4% a year since July 2, 2014 (total return, distributions reinvested).
How much would $10,000 invested in CFA be worth?
$10,000 invested in CFA at its first recorded close on July 2, 2014 would be worth about $33,806 on October 23, 2026 with distributions reinvested.
What was the worst year for CFA?
The worst calendar year was 2022, with a total return of −11.4%. The best was 2019 at +30.2%.
What is the biggest drawdown of CFA?
The largest peak-to-trough decline was −37.7% between February 19, 2020 and March 23, 2020. It recovered to the old high on November 5, 2020, 7 months after the bottom.
How volatile is CFA?
Over the past 3 years CFA had an annualized volatility of 12.0% and a Sharpe ratio of 0.76 (excess return over 1–3 month T-bills per unit of risk).