Related: Managing Volatility With an International Equity ETF

Consequently, if the U.S. were to experience a market pullback or a shift away from growth names, investors should think about alternative styles to support or rebalance a growth-heavy portfolio.

For instance, Victory Capital offers a line of 12 volatility-weighted ETFs under its VictoryShares suite that are designed to track its proprietary CEMP indexes, including equity options like the VictoryShares US 500 Volatility Wtd ETF (NasdaqGM: CFA), VictoryShares US Small Cap Volatility Wtd ETF (NasdaqGM: CSA), VictoryShares International Volatility Wtd ETF (NasdaqGM: CIL) and VictoryShares Emerging Market Volatility Wtd ETF (NasdaqGM: CEZ).

While low-vol ETFs may only hold companies that tend to exhibit smaller swings using the factor as a selection, the VictoryShares suite starts with the broad market and screens for companies with four quarters of positive earnings. Those stocks are then weighted based on their standard deviation over the past 180 trading days. Stocks with lower volatility are given higher weightings and stocks with greater volatility are given lower weightings. Ultimately, all securities that pass the earnings criteria are present, just at different weights – with the desired outcome being better diversification.

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