The VictoryShares Developed Enhanced Volatility Weighted ETF (CIZ) is managed by Nasdaq, Inc., a leading provider of stock market data and technology solutions. This ETF aims to replicate the Nasdaq Victory International 500 Long/Cash Volatility Weighted Index, which is meticulously maintained by Nasdaq, Inc. The Index employs a unique strategy that combines fundamental criteria with volatility weighting to adjust exposure to the equity markets during periods of significant market decline, enhancing risk-adjusted returns while minimizing downside market risk. Nasdaq, Inc. is not affiliated with the Fund or its Adviser but plays a pivotal role in the creation and maintenance of the innovative Index that underlies CIZ.
While the primary objective of the VictoryShares Developed Enhanced Volatility Wtd ETF (CIZ) is to enhance volatility-weighted exposure to developed-market stocks, it also offers dividend distributions. Dividends from CIZ are typically distributed on a quarterly basis, in accordance with the underlying FTSE Developed All Cap ex US Enhanced Volatility Weighted Index's dividend policies and the performance of its constituent companies. Investors looking for a balance between low volatility and dividend income may consider CIZ as part of their investment strategy.
Tracking the Nasdaq Victory International 500 Long/Cash Volatility Weighted Index is the primary focus of the CIZ ETF's investment strategy. The ETF aims to achieve its objective by investing at least 80% of its assets directly or indirectly in the securities included in the Index, which is an unmanaged, volatility-weighted index maintained exclusively by Nasdaq, Inc. The Index combines fundamental criteria with individual security risk control achieved through volatility weighting, strategically reducing exposure to the equity markets during significant market declines and reallocating based on a rules-based mathematical formula. The Enhanced feature in the Fund's name reflects its aim to enhance risk-adjusted returns while minimizing downside market risk through defensive positioning. The Index universe comprises publicly traded foreign companies with positive earnings, and its 500 constituent stocks are weighted based on their daily standard deviation of price changes. The Index is adjusted to limit exposure to any particular country or sector, and it employs a mathematical index construction process to mitigate risk during significant market declines, allocating to cash or cash equivalents as needed. CIZ seeks to track the returns of the Index before fees and expenses, employing a sampling process to invest in a representative sample of Index stocks or indirectly through other investment vehicles, such as ETFs, as advised by the Fund's portfolio managers.
The correlation aspect of the VictoryShares Developed Enhanced Volatility Wtd ETF (CIZ) is largely dependent on its underlying index, the Nasdaq Victory International 500 Long/Cash Volatility Weighted Index. Since CIZ follows this index, its correlation with international developed markets is expected to be strong. This correlation makes CIZ a useful tool for investors looking to gain exposure to developed markets outside the United States while maintaining risk management strategies and potentially enhancing returns through volatility weighting. To delve deeper into CIZ's correlations with specific assets or sectors, investors can utilize ETF Insider's web app, which offers comprehensive data visualization tools to uncover valuable insights and potential overlap with other investment options. ETF Insider is a valuable resource for studying correlations among various US ETFs, providing investors with a user-friendly platform for in-depth analysis. Whether you're interested in understanding how CIZ correlates with other assets or sectors or seeking opportunities for diversification, risk management, and enhanced returns, ETF Insider's simple visualization tools can help you make informed investment decisions. Explore correlations and uncover hidden patterns within your portfolio with the assistance of ETF Insider's robust features.
The CIZ ETF, also known as the VictoryShares Developed Enhanced Volatility Weighted ETF, primarily invests in developed country stocks excluding the U.S. and emerging markets. It follows the Nasdaq Victory International 500 Long/Cash Volatility Weighted Index, which employs a rules-based approach combining fundamental criteria with individual security risk control through volatility weighting. The ETF seeks to enhance risk-adjusted returns while minimizing downside market risk by tactically reducing exposure during significant market declines, allocating to cash or cash equivalents, and gradually reallocating to stocks as market conditions change. The CIZ Sector is geared towards providing investors with a disciplined and risk-managed approach to international equity investments.
The exposure characteristic of the VictoryShares U.S. 500 Enhanced Volatility Wtd ETF (CIZ) is closely tied to the Nasdaq Victory US Large Cap 100 High Dividend Long/Cash Volatility Weighted Index. This ETF primarily invests at least 80% of its assets in securities included in this index, which combines fundamental criteria with individual security risk control through volatility weighting. The index selects the top 100 highest dividend-yielding stocks from the Nasdaq Victory US Large Cap 500 Volatility Weighted Index, emphasizing lower-volatility stocks while providing exposure to the broader U.S. large-cap equity market. For more detailed insights and analysis of CIZ's exposure, investors can utilize the ETF Insider web app, which offers comprehensive data and visualization tools to understand its market, sector, and regional allocations, as well as correlations and overlaps with other ETFs.
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