GDIV vs. VIGIX

Last updated Jun 24, 2026

GDIV (Harbor Dividend Growth Leaders ETF) and VIGIX (Vanguard Growth Index Fund Institutional Shares) are both funds - GDIV is a Large Cap Blend Equities fund actively managed by Harbor, while VIGIX is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index. GDIV is actively managed, while VIGIX is passively managed. Over the past 3 years, GDIV returned 16.54%/yr vs 23.62%/yr for VIGIX. A 0.76 correlation means they provide meaningful diversification when combined. GDIV charges 0.50%/yr vs 0.04%/yr for VIGIX.

Performance

GDIV vs. VIGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Dividend Growth Leaders ETF (GDIV) and Vanguard Growth Index Fund Institutional Shares (VIGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDIV achieves a 11.24% return, which is significantly higher than VIGIX's 5.75% return.

GDIV

• 1D: -0.67%
• 1M: 1.10%
• YTD: 11.24%
• 6M: 10.27%
• 1Y: 24.24%
• 3Y*: 16.54%
• 5Y*: —
• 10Y*: —

VIGIX

• 1D: -1.35%
• 1M: -1.90%
• YTD: 5.75%
• 6M: 4.44%
• 1Y: 22.60%
• 3Y*: 23.62%
• 5Y*: 13.39%
• 10Y*: 18.28%

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

GDIV vs. VIGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GDIV Harbor Dividend Growth Leaders ETF	11.24%	10.81%	14.83%	16.45%	-1.01%
VIGIX Vanguard Growth Index Fund Institutional Shares	5.75%	19.44%	32.68%	46.77%	-6.25%

Correlation

The correlation between GDIV and VIGIX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since May 23, 2022	0.76

The correlation between GDIV and VIGIX has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.

GDIV vs. VIGIX - Sectors Allocation Comparison

Sectors	GDIV	VIGIX
Technology	19.2%	56.4%
Industrials	17.0%	3.5%
Financial Services	15.2%	4.0%
Healthcare	14.8%	4.6%
Consumer Defensive	7.4%	1.3%
Consumer Cyclical	7.3%	11.6%
Energy	4.7%	0.3%
Utilities	3.7%	0.7%
Basic Materials	1.6%	0.6%
Real Estate	1.3%	0.9%
Communication Services	-	16.0%

Return for Risk

GDIV vs. VIGIX — Risk / Return Rank

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

GDIV

GDIV Risk / Return Rank: 64
GDIV Sharpe Ratio Rank: 67
GDIV Sortino Ratio Rank: 70
GDIV Omega Ratio Rank: 67
GDIV Calmar Ratio Rank: 55
GDIV Martin Ratio Rank: 62

VIGIX

VIGIX Risk / Return Rank: 24
VIGIX Sharpe Ratio Rank: 28
VIGIX Sortino Ratio Rank: 26
VIGIX Omega Ratio Rank: 27
VIGIX Calmar Ratio Rank: 18
VIGIX Martin Ratio Rank: 22

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.

GDIV vs. VIGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Dividend Growth Leaders ETF (GDIV) and Vanguard Growth Index Fund Institutional Shares (VIGIX). 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.

	GDIV	VIGIX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.43	+0.61
Sortino ratio: Return per unit of downside risk	2.94	1.97	+0.98
Omega ratio: Gain probability vs. loss probability	1.37	1.25	+0.12
Calmar ratio: Return relative to maximum drawdown	2.52	1.46	+1.06
Martin ratio: Return relative to average drawdown	10.46	5.01	+5.45

GDIV vs. VIGIX - Sharpe Ratio Comparison

The current GDIV Sharpe Ratio is 2.04, which is higher than the VIGIX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of GDIV and VIGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GDIV vs. VIGIX - Drawdown Comparison

The maximum GDIV drawdown since its inception was -18.93%, smaller than the maximum VIGIX drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for GDIV and VIGIX.

Drawdown Indicators

	GDIV	VIGIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.93%	-56.95%	+38.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-16.51%	+6.84%
Max Drawdown (3Y) Largest decline over 3 years	-18.93%	-23.03%	+4.10%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.62%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.62%	—
Current Drawdown Current decline from peak	-0.80%	-4.85%	+4.05%
Average Drawdown Average peak-to-trough decline	-3.14%	-16.25%	+13.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	4.80%	-2.48%

Volatility

GDIV vs. VIGIX - Volatility Comparison

The current volatility for Harbor Dividend Growth Leaders ETF (GDIV) is 2.97%, while Vanguard Growth Index Fund Institutional Shares (VIGIX) has a volatility of 6.58%. This indicates that GDIV experiences smaller price fluctuations and is considered to be less risky than VIGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDIV	VIGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	6.58%	-3.61%
Volatility (6M) Calculated over the trailing 6-month period	9.38%	13.37%	-3.99%
Volatility (1Y) Calculated over the trailing 1-year period	12.04%	16.89%	-4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	22.49%	-7.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	21.67%	-6.39%

GDIV vs. VIGIX - Expense Ratio Comparison

GDIV has a 0.50% expense ratio, which is higher than VIGIX's 0.04% expense ratio.

Dividends

GDIV vs. VIGIX - Dividend Comparison

GDIV's dividend yield for the trailing twelve months is around 1.13%, more than VIGIX's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GDIV Harbor Dividend Growth Leaders ETF	1.13%	1.19%	1.30%	2.27%	5.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VIGIX Vanguard Growth Index Fund Institutional Shares	0.39%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.15%	1.40%	1.31%

Frequently Asked Questions

Can I hold both GDIV and VIGIX in my portfolio?

GDIV and VIGIX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDIV or VIGIX?

VIGIX has higher volatility (6.58%) compared to GDIV (2.97%). In terms of maximum drawdown, GDIV dropped -18.93% vs VIGIX's -56.95%.

Which has better risk-adjusted returns?

GDIV currently has the higher Sharpe Ratio (2.04 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.