CIZ

VictoryShares Developed Enhanced Volatility Wtd ETF
*Unless otherwise stated, data provided by FactSet.

CIZ Fund Description

CIZ tracks an index of about 500 ex-US developed-market stocks, selected by market cap and screened for positive earnings. The index weights stocks inversely by volatility and can move incrementally in and out of cash.

CIZ Factset Analytics Insight

CIZ aims to offer peace of mind in the context of international equities. The fund takes a two-pronged approach to risk reduction. About 500 developed-market ex-US large-cap stocks are screened for positive earnings and weighted inversely to their price volatility. The fact that the stocks are selected by market cap rather than volatility should help CIZ to maintain a semblance of marketlike sector balance. Aside from low-vol weighting, the fund's second arrow in its risk reduction quiver is a cash toggle. CIZ can move into a large cash position in down markets, and has logic to buy back equities in severe downturns. Such cold discipline—driven by an index, not a human—may appeal to those who like this approach to risk reduction but doubt their nerve to buy when everyone else sells. Unfortunately, CIZ has not been popular, and is difficult to trade.

CIZ MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

CIZ Charts And Performance

Price Chart ($)
Total Return Chart (%)
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  • 3 Months
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Select ETFs to compare their performance:
PERFORMANCE [as of 07/09/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
CIZ -1.23% 5.21% -18.91% -13.97% -3.59% -2.86% --
ticker (NAV) -1.41% 6.91% -18.90% -14.11% -3.23% -2.48% --
Nasdaq Victory International 500 Long/Cash Volatility Weighted Index -1.40% 5.93% -18.46% -13.14% -2.67% -2.05% --
MSCI World ex USA Large Cap -2.28% 12.48% -10.07% -4.10% 1.51% 2.41% 4.84%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

CIZ Summary Data

10/01/14
Open-Ended Fund
0.45%
$46.21M
$413.31K
0.33%

CIZ Portfolio Data

$29.31B
15.64
1.51
1.50%
07/08/20
500

CIZ Index Data

Nasdaq Victory International 500 Long/Cash Volatility Weighted Index
Technical
Multi-Factor
MSCI World ex USA Large Cap

CIZ Portfolio Management

0.45%
-0.53%
-0.03%
-1.02%

CIZ Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

CIZ Fund Structure

Open-Ended Fund
No
Yes
No Policy
N/A
N/A
Medium
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

CIZ Factset Analytics Block Liquidity

As of 07/10/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of CIZ. CIZ is rated a 4 out of 5.

CIZ Tradability

15,522
$413.31K
10,179
$262.77K
0.33%
$0.09
-0.35%
2.91% / -3.49%
None
0.00%
50,000
0.20
0.00%
0.01%
0
$27.18
4

CIZ Sector/Industry Breakdown


CIZ
Segment Benchmark
22.26%
20.90%
17.39%
13.27%
11.55%
10.19%
10.68%
12.77%
9.45%
14.96%
7.55%
6.90%
7.17%
7.77%
5.99%
3.54%
4.69%
4.26%
3.27%
5.45%

CIZ Top 10 Holdings[View All]

47.08%
0.20%
0.20%
0.20%
0.19%
0.19%
0.19%
0.19%
0.18%
0.18%
48.8%

CIZ Countries


CIZ
Segment Benchmark
21.65%
22.83%
11.47%
9.06%
10.93%
13.51%
8.79%
9.79%
7.11%
10.65%
6.00%
8.52%
5.78%
5.73%
4.23%
2.32%
3.50%
--
3.45%
3.03%

CIZ Regions


CIZ
Segment Benchmark
50.64%
57.26%
37.14%
32.60%
11.47%
9.96%
0.75%
0.19%

CIZ Economic Development


CIZ
Segment Benchmark
100.00%
100.00%

CIZ Performance Statistics

0.91
0.82
0.75
0.88
0.50%
MSCI World ex USA Large Cap

CIZ Benchmark Comparison Holdings

500
404
305
47.89%

CIZ Benchmark Comparison Summary


CIZ
Segment Benchmark
500
404
$29.31B
$72.41B
15.64
18.39
1.51
1.51
3.23%
3.47%
Low
Low

CIZ Benchmark Comparison Market Cap Size


CIZ
Segment Benchmark
63.43%
95.87%
36.57%
4.13%
0.00%
0.00%
0.00%
0.00%