VictoryShares US 500 Enhanced Volatility Wtd ETF (CFO) Performance
CFO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.0% since Dec 31, 2025
- 1 year
- +11.6% total return
- 5 years
- +3.5% a year
- 10 years
- +9.6% a year
- Since first price
- +8.8% a year since 2014
CFO trailing returns vs SPY, QQQ, AGG
| Period | CFO 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% | +9.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.6% | +10.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +49.3%+14.3%/yr | +43.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +18.7%+3.5%/yr | +7.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +151.0%+9.6%/yr | +113.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionJul 2, 2014 | +181.1%+8.8%/yr | +132.2% | — | — | — |
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: CFO vs SPY
From Jul 2, 2014: CFO grew to $28,105, SPY to $47,242.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CFO returns by calendar year
7 of 11 full years positive. Best 2021 (+26.0%), worst 2022 (−14.5%). 2026 is year to date.
CFO annual returns table
| Year | CFO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.0% | −7.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.6% | −15.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +15.4% | −6.9% | +24.9% | +25.6% | +1.3% |
| 2023 | −3.6% | −13.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −14.5% | −20.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +26.0% | −5.6% | +28.7% | +27.4% | −1.8% |
| 2020 | +19.8% | −16.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +21.6% | −6.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −8.8% | −20.8% | −4.6% | −0.1% | +0.1% |
| 2017 | +22.7% | −2.8% | +21.7% | +32.7% | +3.6% |
| 2016 | +14.3% | −9.0% | +12.0% | +7.1% | +2.4% |
| 2015 | −1.2% | −10.4% | +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.
CFO largest drawdowns
Now 2.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 4, 2022 | −24.4% | Oct 27, 2023 | Nov 11, 2024 | 1.8 years | 2.9 years |
| Sep 21, 2018 | −20.8% | Dec 24, 2018 | Nov 26, 2019 | 3 months | 1.2 years |
| Nov 29, 2024 | −17.2% | Apr 8, 2025 | Aug 22, 2025 | 4 months | 9 months |
| Feb 19, 2020 | −16.6% | Mar 23, 2020 | Aug 5, 2020 | 33 days | 6 months |
| Jun 23, 2015 | −14.4% | 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.
CFO risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +11.2% | +3.8% | +9.0% | +8.7% |
| Volatility (annualized) | 11.3% | 12.3% | 12.6% | 12.4% |
| Sharpe ratio | 0.62 | 0.07 | 0.56 | 0.59 |
| Sortino ratio | 0.91 | 0.10 | 0.82 | 0.87 |
| Best month | +7.1% | +7.1% | +11.1% | +11.1% |
| Worst month | −6.6% | −7.5% | −9.9% | −9.9% |
| Best 12 months | +28.9% | +28.9% | +45.3% | +45.3% |
| Worst 12 months | +1.6% | −14.5% | −14.5% | −14.5% |
| Positive months | 67% | 60% | 66% | 64% |
| Beta vs S&P 500 | 0.66 | 0.64 | 0.69 | — |
| Correlation with S&P 500 | 0.73 | 0.81 | 0.84 | — |
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.
CFO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 136 | −14.5% | +8.8% | +45.3% | 75% |
| 3-year (a year) | 112 | −1.6% | +9.9% | +22.5% | 93% |
| 5-year (a year) | 88 | +3.6% | +8.6% | +16.1% | 100% |
| 10-year (a year) | 28 | +7.9% | +9.0% | +10.4% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
CFO performance overview
VictoryShares US 500 Enhanced Volatility Wtd ETF (CFO) returned +11.6% over the past year and +9.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +8.8% a year, turning $10,000 into about $28,105. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −24.4%, from Jan 4, 2022 to Oct 27, 2023, and it took 1.0 years to get back to the old high. CFO finished 7 of its 11 full calendar years with a gain; the best year was 2021 (+26.0%) and the worst 2022 (−14.5%). Volatility has been 12.4% a year.
Related: CFO chart, CFO holdings, CFO dividends, CFO valuation. See the CFO overview for the latest quote and fund facts.
CFO performance FAQ
What is the CFO return over the past year?
CFO 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 CFO?
CFO has returned +3.5% a year over 5 years, +9.6% a year over 10 years, +8.8% a year since July 2, 2014 (total return, distributions reinvested).
How much would $10,000 invested in CFO be worth?
$10,000 invested in CFO at its first recorded close on July 2, 2014 would be worth about $28,105 on October 23, 2026 with distributions reinvested.
What was the worst year for CFO?
The worst calendar year was 2022, with a total return of −14.5%. The best was 2021 at +26.0%.
What is the biggest drawdown of CFO?
The largest peak-to-trough decline was −24.4% between January 4, 2022 and October 27, 2023. It recovered to the old high on November 11, 2024, 1.0 years after the bottom.
How volatile is CFO?
Over the past 3 years CFO had an annualized volatility of 11.3% and a Sharpe ratio of 0.62 (excess return over 1–3 month T-bills per unit of risk).