DIVB vs. VO
DIVB (iShares Core Dividend ETF) and VO (Vanguard Mid-Cap ETF) are both exchange-traded funds - DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index, while VO is a Mid Cap Blend Equities fund tracking the CRSP US Mid Cap Index. Both are passively managed. Over the past 5 years, DIVB returned 12.24%/yr vs 7.79%/yr for VO. Their correlation of 0.88 suggests significant overlap in exposure. DIVB charges 0.05%/yr vs 0.03%/yr for VO.
Performance
DIVB vs. VO - Performance Comparison
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Returns By Period
In the year-to-date period, DIVB achieves a 17.67% return, which is significantly higher than VO's 10.43% return.
DIVB
- 1D
- 1.11%
- 1M
- 6.69%
- YTD
- 17.67%
- 6M
- 16.46%
- 1Y
- 28.26%
- 3Y*
- 21.12%
- 5Y*
- 12.24%
- 10Y*
- —
VO
- 1D
- 0.97%
- 1M
- 3.61%
- YTD
- 10.43%
- 6M
- 9.31%
- 1Y
- 18.17%
- 3Y*
- 15.74%
- 5Y*
- 7.79%
- 10Y*
- 11.77%
DIVB vs. VO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 17.67% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
VO Vanguard Mid-Cap ETF | 10.43% | 11.62% | 15.31% | 16.03% | -18.73% | 24.70% | 18.10% | 30.98% | -9.24% | 3.96% |
Correlation
The correlation between DIVB and VO is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.88 |
The correlation between DIVB and VO has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
DIVB vs. VO — Risk / Return Rank
DIVB
VO
DIVB vs. VO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend ETF (DIVB) and Vanguard Mid-Cap ETF (VO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DIVB | VO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.25 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 2.23 | +1.92 |
| Martin ratioReturn relative to average drawdown | 14.00 | 8.44 | +5.57 |
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Drawdowns
DIVB vs. VO - Drawdown Comparison
The maximum DIVB drawdown since its inception was -36.93%, smaller than the maximum VO drawdown of -58.87%. Use the drawdown chart below to compare losses from any high point for DIVB and VO.
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Drawdown Indicators
| DIVB | VO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.93% | -58.87% | +21.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -8.17% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | -19.02% | +3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -27.57% | +6.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.37% | — |
Current DrawdownCurrent decline from peak | -0.66% | -0.45% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -7.85% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.16% | -0.13% |
Volatility
DIVB vs. VO - Volatility Comparison
iShares Core Dividend ETF (DIVB) and Vanguard Mid-Cap ETF (VO) have volatilities of 4.48% and 4.31%, 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.
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Volatility by Period
| DIVB | VO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 4.31% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.81% | 9.71% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 12.74% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.29% | 17.65% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 18.96% | -0.58% |
DIVB vs. VO - Expense Ratio Comparison
DIVB has a 0.05% expense ratio, which is higher than VO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DIVB vs. VO - Dividend Comparison
DIVB's dividend yield for the trailing twelve months is around 2.18%, more than VO's 1.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.18% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
VO Vanguard Mid-Cap ETF | 1.36% | 1.52% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% |
Frequently Asked Questions
DIVB and VO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (4.48%) compared to VO (4.31%). In terms of maximum drawdown, DIVB dropped -36.93% vs VO's -58.87%.
On 5-year performance, DIVB leads with 12.24% vs 7.79% for VO. On fees, VO is cheaper at 0.03% per year. On volatility, VO has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVB has performed better with a 12.24% return vs 7.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VO is cheaper with a 0.03% expense ratio, compared with 0.05% for DIVB.
DIVB has the higher dividend yield at 2.18%, compared with 1.36% for VO.
DIVB is categorized as Dividend, while VO is Mid Cap Blend Equities. DIVB tracks Morningstar US Dividend and Buyback Index, while VO tracks CRSP US Mid Cap Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.05% for DIVB and 0.03% for VO.
DIVB currently has the higher Sharpe Ratio (2.43 vs 1.43), 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.
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