For many investors, the main point of stock picking is to generate higher returns than the overall market. But in any...

The VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) , which hit an all-time higher earlier this week, is part of that conversation. CDL tracks the highest 100 dividend-yielding stocks of the CEMP U.S. Large Cap 500 Volatility Weighted Index with four quarters of positive earnings and is weighted based on their daily standard deviation, or volatility. CDL has some surprises, including no exposure to real estate stocks and a dividend yield of 2.91%, which implies room for dividend growth, not yield so high that investors have to be concerned about negative dividend action in the fund's underlying components.