DIVE vs. VIG
DIVE (Dana Concentrated Dividend ETF) and VIG (Vanguard Dividend Appreciation ETF) are both Dividend funds. DIVE is actively managed, while VIG is passively managed. A 0.80 correlation means they provide meaningful diversification when combined. DIVE charges 0.65%/yr vs 0.04%/yr for VIG.
Performance
DIVE vs. VIG - Performance Comparison
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Returns By Period
In the year-to-date period, DIVE achieves a -0.27% return, which is significantly lower than VIG's 6.98% return.
DIVE
- 1D
- 0.59%
- 1M
- -1.75%
- YTD
- -0.27%
- 6M
- -0.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VIG
- 1D
- -0.51%
- 1M
- 0.48%
- YTD
- 6.98%
- 6M
- 6.28%
- 1Y
- 18.42%
- 3Y*
- 15.85%
- 5Y*
- 10.82%
- 10Y*
- 13.34%
DIVE vs. VIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DIVE Dana Concentrated Dividend ETF | -0.27% | 1.94% |
VIG Vanguard Dividend Appreciation ETF | 6.98% | 2.75% |
Correlation
The correlation between DIVE and VIG is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 16, 2025 | 0.80 |
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Return for Risk
DIVE vs. VIG — Risk / Return Rank
DIVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VIG
DIVE vs. VIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dana Concentrated Dividend ETF (DIVE) 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.
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.
| DIVE | VIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.34 | — |
| Martin ratioReturn relative to average drawdown | — | 9.44 | — |
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Drawdowns
DIVE vs. VIG - Drawdown Comparison
The maximum DIVE drawdown since its inception was -11.45%, smaller than the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for DIVE and VIG.
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Drawdown Indicators
| DIVE | VIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.45% | -46.81% | +35.36% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.91% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.72% | — |
Current DrawdownCurrent decline from peak | -4.97% | -1.13% | -3.84% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -5.50% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.96% | — |
Volatility
DIVE vs. VIG - Volatility Comparison
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Volatility by Period
| DIVE | VIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.70% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.01% | 10.14% | +2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.01% | 14.23% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.01% | 16.04% | -3.03% |
DIVE vs. VIG - Expense Ratio Comparison
DIVE has a 0.65% expense ratio, which is higher than VIG's 0.04% expense ratio.
Dividends
DIVE vs. VIG - Dividend Comparison
DIVE's dividend yield for the trailing twelve months is around 0.99%, less than VIG's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVE Dana Concentrated Dividend ETF | 0.99% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VIG Vanguard Dividend Appreciation ETF | 1.47% | 1.62% | 1.73% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% |
Frequently Asked Questions
DIVE and VIG have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VIG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VIG is cheaper with a 0.04% expense ratio, compared with 0.65% for DIVE.
VIG has the higher dividend yield at 1.47%, compared with 0.99% for DIVE.
They also come from different issuers: Dana and Vanguard. Their fees differ too: 0.65% for DIVE and 0.04% for VIG.
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