^DVG vs. VIG

Last updated Jun 4, 2026

^DVG (NASDAQ US Dividend Achievers Select Index) is an index, while VIG (Vanguard Dividend Appreciation ETF) is Dividend fund tracking the S&P U.S. Dividend Growers Index. Over the past 10 years, ^DVG returned 11.17%/yr vs 13.23%/yr for VIG. With a 0.99 correlation, they move nearly in lockstep.

Performance

^DVG vs. VIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NASDAQ US Dividend Achievers Select Index (^DVG) and Vanguard Dividend Appreciation ETF (VIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^DVG achieves a 5.69% return, which is significantly lower than VIG's 7.57% return. Over the past 10 years, ^DVG has underperformed VIG with an annualized return of 11.17%, while VIG has yielded a comparatively higher 13.23% annualized return.

^DVG

• 1D: -0.28%
• 1M: 3.68%
• YTD: 5.69%
• 6M: 5.06%
• 1Y: 15.71%
• 3Y*: 14.59%
• 5Y*: 8.70%
• 10Y*: 11.17%

VIG

• 1D: -0.19%
• 1M: 3.79%
• YTD: 7.57%
• 6M: 6.99%
• 1Y: 19.63%
• 3Y*: 16.49%
• 5Y*: 10.62%
• 10Y*: 13.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

^DVG vs. VIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^DVG NASDAQ US Dividend Achievers Select Index	5.69%	12.45%	16.48%	11.94%	-11.28%	21.39%	13.47%	27.27%	-3.92%	19.81%
VIG Vanguard Dividend Appreciation ETF	7.57%	14.17%	16.99%	14.51%	-9.80%	23.76%	15.43%	29.62%	-2.08%	22.22%

Correlation

The correlation between ^DVG and VIG is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006	0.99

The correlation between ^DVG and VIG has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

^DVG vs. VIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^DVG

^DVG Risk / Return Rank: 51
^DVG Sharpe Ratio Rank: 51
^DVG Sortino Ratio Rank: 53
^DVG Omega Ratio Rank: 52
^DVG Calmar Ratio Rank: 49
^DVG Martin Ratio Rank: 53

VIG

VIG Risk / Return Rank: 56
VIG Sharpe Ratio Rank: 57
VIG Sortino Ratio Rank: 60
VIG Omega Ratio Rank: 56
VIG Calmar Ratio Rank: 50
VIG Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^DVG vs. VIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NASDAQ US Dividend Achievers Select Index (^DVG) and Vanguard Dividend Appreciation ETF (VIG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	^DVG	VIG	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.97	-0.47
Sortino ratio: Return per unit of downside risk	2.20	2.88	-0.68
Omega ratio: Gain probability vs. loss probability	1.26	1.35	-0.09
Calmar ratio: Return relative to maximum drawdown	1.84	2.49	-0.65
Martin ratio: Return relative to average drawdown	7.19	10.06	-2.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^DVG vs. VIG - Sharpe Ratio Comparison

The current ^DVG Sharpe Ratio is 1.50, which is comparable to the VIG Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of ^DVG and VIG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	^DVG	VIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	1.97	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.75	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.83	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.60	-0.20

Drawdowns

^DVG vs. VIG - Drawdown Comparison

The maximum ^DVG drawdown since its inception was -48.54%, roughly equal to the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for ^DVG and VIG.

Drawdown Indicators

	^DVG	VIG	Difference
Max Drawdown Largest peak-to-trough decline	-48.54%	-46.81%	-1.73%
Max Drawdown (1Y) Largest decline over 1 year	-8.57%	-7.91%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	-14.95%	-0.63%
Max Drawdown (5Y) Largest decline over 5 years	-21.58%	-20.39%	-1.19%
Max Drawdown (10Y) Largest decline over 10 years	-31.85%	-31.72%	-0.13%
Current Drawdown Current decline from peak	-0.28%	-0.19%	-0.09%
Average Drawdown Average peak-to-trough decline	-6.86%	-5.51%	-1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	1.96%	+0.23%

Volatility

^DVG vs. VIG - Volatility Comparison

NASDAQ US Dividend Achievers Select Index (^DVG) and Vanguard Dividend Appreciation ETF (VIG) have volatilities of 2.22% and 2.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^DVG	VIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.22%	2.19%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.93%	7.57%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	10.54%	10.01%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	14.23%	+0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	16.05%	+0.20%

Frequently Asked Questions

Can I hold both ^DVG and VIG in my portfolio?

With a correlation of 0.99, ^DVG and VIG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ^DVG or VIG?

^DVG has higher volatility (2.22%) compared to VIG (2.19%). In terms of maximum drawdown, ^DVG dropped -48.54% vs VIG's -46.81%.

Which has better risk-adjusted returns?

VIG currently has the higher Sharpe Ratio (1.97 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.