AMFEX vs. VDIGX

Last updated Apr 1, 2026

Compare and contrast key facts about AAMA Equity Fund (AMFEX) and Vanguard Dividend Growth Fund (VDIGX).

AMFEX is managed by AAMA. It was launched on Jun 30, 2017. VDIGX is managed by Vanguard. It was launched on May 15, 1992.

Performance

AMFEX vs. VDIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAMA Equity Fund (AMFEX) and Vanguard Dividend Growth Fund (VDIGX). The values are adjusted to include any dividend payments, if applicable.

AMFEX vs. VDIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AMFEX AAMA Equity Fund	0.48%	17.33%	16.28%	17.32%	-14.08%	22.58%	12.70%	24.62%	-9.60%
VDIGX Vanguard Dividend Growth Fund	-6.99%	11.11%	20.84%	8.11%	-4.89%	24.86%	12.04%	30.94%	-7.61%

Returns By Period

In the year-to-date period, AMFEX achieves a 0.48% return, which is significantly higher than VDIGX's -6.99% return.

AMFEX

• 1D: -0.32%
• 1M: -6.02%
• YTD: 0.48%
• 6M: 4.27%
• 1Y: 18.55%
• 3Y*: 15.18%
• 5Y*: 9.92%
• 10Y*: —

VDIGX

• 1D: 0.14%
• 1M: -8.69%
• YTD: -6.99%
• 6M: -4.14%
• 1Y: 0.66%
• 3Y*: 10.48%
• 5Y*: 8.98%
• 10Y*: 11.31%

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

AMFEX vs. VDIGX - Expense Ratio Comparison

AMFEX has a 1.17% expense ratio, which is higher than VDIGX's 0.27% expense ratio.

AMFEX

AAMA Equity Fund

VDIGX

Vanguard Dividend Growth Fund

Return for Risk

AMFEX vs. VDIGX — Risk / Return Rank

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

AMFEX

AMFEX Risk / Return Rank: 78
AMFEX Sharpe Ratio Rank: 75
AMFEX Sortino Ratio Rank: 76
AMFEX Omega Ratio Rank: 78
AMFEX Calmar Ratio Rank: 73
AMFEX Martin Ratio Rank: 85

VDIGX

VDIGX Risk / Return Rank: 10
VDIGX Sharpe Ratio Rank: 8
VDIGX Sortino Ratio Rank: 8
VDIGX Omega Ratio Rank: 8
VDIGX Calmar Ratio Rank: 12
VDIGX Martin Ratio Rank: 13

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.

AMFEX vs. VDIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAMA Equity Fund (AMFEX) and Vanguard Dividend Growth Fund (VDIGX). 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.

	AMFEX	VDIGX	Difference
Sharpe ratio Return per unit of total volatility	1.34	0.12	+1.21
Sortino ratio Return per unit of downside risk	1.90	0.29	+1.61
Omega ratio Gain probability vs. loss probability	1.30	1.04	+0.26
Calmar ratio Return relative to maximum drawdown	1.67	0.30	+1.38
Martin ratio Return relative to average drawdown	8.69	1.17	+7.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMFEX vs. VDIGX - Sharpe Ratio Comparison

The current AMFEX Sharpe Ratio is 1.34, which is higher than the VDIGX Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of AMFEX and VDIGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AMFEX	VDIGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	0.12	+1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.65	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.60	+0.04

Correlation

The correlation between AMFEX and VDIGX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AMFEX vs. VDIGX - Dividend Comparison

AMFEX's dividend yield for the trailing twelve months is around 11.93%, less than VDIGX's 26.40% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMFEX AAMA Equity Fund	11.93%	11.99%	9.19%	0.92%	4.82%	0.22%	0.44%	0.78%	0.83%	0.00%	0.00%	0.00%
VDIGX Vanguard Dividend Growth Fund	26.40%	21.90%	21.94%	2.29%	6.06%	5.45%	2.83%	4.70%	8.72%	5.16%	2.86%	5.70%

Drawdowns

AMFEX vs. VDIGX - Drawdown Comparison

The maximum AMFEX drawdown since its inception was -30.41%, smaller than the maximum VDIGX drawdown of -45.23%. Use the drawdown chart below to compare losses from any high point for AMFEX and VDIGX.

Drawdown Indicators

	AMFEX	VDIGX	Difference
Max Drawdown Largest peak-to-trough decline	-30.41%	-45.23%	+14.82%
Max Drawdown (1Y) Largest decline over 1 year	-10.50%	-9.57%	-0.93%
Max Drawdown (5Y) Largest decline over 5 years	-21.21%	-16.18%	-5.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.98%	—
Current Drawdown Current decline from peak	-6.07%	-8.96%	+2.89%
Average Drawdown Average peak-to-trough decline	-4.39%	-6.67%	+2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.41%	-0.39%

Volatility

AMFEX vs. VDIGX - Volatility Comparison

The current volatility for AAMA Equity Fund (AMFEX) is 3.18%, while Vanguard Dividend Growth Fund (VDIGX) has a volatility of 3.40%. This indicates that AMFEX experiences smaller price fluctuations and is considered to be less risky than VDIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMFEX	VDIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	3.40%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	7.27%	7.39%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	14.62%	14.39%	+0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.20%	13.82%	+0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.07%	15.68%	+1.39%