VictoryShares US 500 Volatility Wtd ETF

CFA

Market cap $535M

Crypto equity ETFs (or blockchain ETFs) were once one of the main ways to access the crypto theme in an ETF wrapper. That changed after the January 2024 approval of spot bitcoin ETPs, which gave investors a simpler and more direct way to express a bitcoin view.

Cannabis stocks have seen renewed investor interest as federal policy momentum improves. The most important recent development was the placement of FDA-approved marijuana products and state-regulated medical marijuana products from Schedule I to Schedule III under the Controlled Substances Act.

VictoryShares US 500 Volatility Wtd ETF implements a simple low-volatility strategy with a portfolio of 500 stocks. CFA is well-diversified with a focus on financials and industrials, and has value characteristics. CFA has underperformed the S&P 500 in return and Sharpe ratio since inception and shows a deeper drawdown, despite lower volatility.