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CDC holds 102 stocks with a weighted average market capitalization of $63.8 billion, well below the $180.5 billion seen on the S&P 500. Although CDC’s lineup is smaller by market value, the ETF, as measured by price-to-earnings and price-to-book ratios, trades at a discount to the S&P 500.
CDC allocates over 26% of its weight to utilities stocks, helping boost the ETF’s dividend yield. The ETF is also heavily allocated to consumer stocks as consumer discretionary and consumer staples names combine for 27.4% of the ETF’s roster compared to 20.5% in the S&P 500.
Over the past year, CDC has been less volatile than the S&P 500 and since coming to market, the ETF has outperformed the benchmark U.S. equity gauge. CDC is up 8% year-to-date.
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