IVE vs. VIG

Last updated Jun 4, 2026

IVE (iShares S&P 500 Value ETF) and VIG (Vanguard Dividend Appreciation ETF) are both exchange-traded funds - IVE is a Large Cap Value Equities fund tracking the S&P 500 Value Index, while VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index. Both are passively managed. Over the past 10 years, IVE returned 11.76%/yr vs 13.23%/yr for VIG. Their correlation of 0.92 suggests significant overlap in exposure. IVE charges 0.18%/yr vs 0.04%/yr for VIG.

Performance

IVE vs. VIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Value ETF (IVE) and Vanguard Dividend Appreciation ETF (VIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IVE having a 7.46% return and VIG slightly higher at 7.57%. Over the past 10 years, IVE has underperformed VIG with an annualized return of 11.76%, while VIG has yielded a comparatively higher 13.23% annualized return.

IVE

• 1D: -0.35%
• 1M: 2.24%
• YTD: 7.46%
• 6M: 7.74%
• 1Y: 21.15%
• 3Y*: 15.57%
• 5Y*: 10.54%
• 10Y*: 11.76%

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)

IVE vs. VIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVE iShares S&P 500 Value ETF	7.46%	13.02%	12.03%	22.07%	-5.41%	24.72%	1.22%	31.62%	-9.22%	15.24%
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 IVE and VIG is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006	0.92

The correlation between IVE and VIG has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

IVE vs. VIG - Sectors Allocation Comparison

Sectors	IVE	VIG
Technology	19.6%	26.2%
Financial Services	15.2%	20.6%
Healthcare	11.6%	16.5%
Consumer Cyclical	11.0%	4.7%
Industrials	10.7%	11.8%
Consumer Defensive	9.5%	10.1%
Energy	7.6%	3.5%
Utilities	4.6%	3.2%
Real Estate	3.5%	-
Basic Materials	3.4%	3.5%
Communication Services	3.3%	0.5%

Return for Risk

IVE vs. VIG — Risk / Return Rank

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

IVE

IVE Risk / Return Rank: 66
IVE Sharpe Ratio Rank: 64
IVE Sortino Ratio Rank: 64
IVE Omega Ratio Rank: 63
IVE Calmar Ratio Rank: 68
IVE Martin Ratio Rank: 69

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.

IVE vs. VIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Value ETF (IVE) 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.

	IVE	VIG	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.97	+0.20
Sortino ratio: Return per unit of downside risk	3.03	2.88	+0.15
Omega ratio: Gain probability vs. loss probability	1.39	1.35	+0.04
Calmar ratio: Return relative to maximum drawdown	3.43	2.49	+0.94
Martin ratio: Return relative to average drawdown	13.10	10.06	+3.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVE vs. VIG - Sharpe Ratio Comparison

The current IVE Sharpe Ratio is 2.17, which is comparable to the VIG Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of IVE 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

	IVE	VIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	1.97	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.75	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.83	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.60	-0.20

Drawdowns

IVE vs. VIG - Drawdown Comparison

The maximum IVE drawdown since its inception was -61.32%, which is greater than VIG's maximum drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for IVE and VIG.

Drawdown Indicators

	IVE	VIG	Difference
Max Drawdown Largest peak-to-trough decline	-61.32%	-46.81%	-14.51%
Max Drawdown (1Y) Largest decline over 1 year	-6.19%	-7.91%	+1.72%
Max Drawdown (3Y) Largest decline over 3 years	-17.58%	-14.95%	-2.63%
Max Drawdown (5Y) Largest decline over 5 years	-18.04%	-20.39%	+2.35%
Max Drawdown (10Y) Largest decline over 10 years	-37.04%	-31.72%	-5.32%
Current Drawdown Current decline from peak	-0.55%	-0.19%	-0.36%
Average Drawdown Average peak-to-trough decline	-10.10%	-5.51%	-4.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.96%	-0.34%

Volatility

IVE vs. VIG - Volatility Comparison

The current volatility for iShares S&P 500 Value ETF (IVE) is 2.00%, while Vanguard Dividend Appreciation ETF (VIG) has a volatility of 2.19%. This indicates that IVE experiences smaller price fluctuations and is considered to be less risky than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVE	VIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.00%	2.19%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	7.02%	7.57%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	9.79%	10.01%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.40%	14.23%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.96%	16.05%	+0.91%

IVE vs. VIG - Expense Ratio Comparison

IVE has a 0.18% expense ratio, which is higher than VIG's 0.04% 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

IVE vs. VIG - Dividend Comparison

IVE's dividend yield for the trailing twelve months is around 1.52%, more than VIG's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVE iShares S&P 500 Value ETF	1.52%	1.61%	2.04%	1.65%	2.10%	1.81%	2.37%	2.11%	2.74%	2.12%	2.26%	2.44%
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

Can I hold both IVE and VIG in my portfolio?

IVE and VIG have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVE or VIG?

VIG has higher volatility (2.19%) compared to IVE (2.00%). In terms of maximum drawdown, IVE dropped -61.32% vs VIG's -46.81%.

Which ETF is better, IVE or VIG?

On 10-year performance, VIG leads with 13.23% vs 11.76% for IVE. On fees, VIG is cheaper at 0.04% per year. On volatility, IVE has been the lower-risk option at 2.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVE or VIG?

Over the 10-year period, VIG has performed better with a 13.23% return vs 11.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVE or VIG?

VIG is cheaper with a 0.04% expense ratio, compared with 0.18% for IVE.

Which ETF pays a higher dividend yield, IVE or VIG?

IVE has the higher dividend yield at 1.52%, compared with 1.47% for VIG.

What is the main difference between IVE and VIG?

IVE is categorized as Large Cap Value Equities, while VIG is Dividend. IVE tracks S&P 500 Value Index, while VIG tracks S&P U.S. Dividend Growers Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for IVE and 0.04% for VIG.

Which has better risk-adjusted returns?

IVE currently has the higher Sharpe Ratio (2.17 vs 1.97), 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.