NAWGX vs. VIG

Last updated Jul 11, 2026

NAWGX (Voya Global High Dividend Low Volatility Fund) and VIG (Vanguard Dividend Appreciation ETF) are both funds - NAWGX is a Global Equities fund managed by Voya, while VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index. Over the past 10 years, NAWGX returned 9.49%/yr vs 13.00%/yr for VIG. Their correlation of 0.81 suggests significant overlap in exposure. NAWGX charges 0.85%/yr vs 0.04%/yr for VIG.

Performance

NAWGX vs. VIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Global High Dividend Low Volatility Fund (NAWGX) and Vanguard Dividend Appreciation ETF (VIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NAWGX achieves a 7.84% return, which is significantly lower than VIG's 9.56% return. Over the past 10 years, NAWGX has underperformed VIG with an annualized return of 9.49%, while VIG has yielded a comparatively higher 13.00% annualized return.

NAWGX

• 1D: 0.31%
• 1M: 1.00%
• 6M: 6.65%
• YTD: 7.84%
• 1Y: 12.79%
• 3Y*: 15.06%
• 5Y*: 9.03%
• 10Y*: 9.49%

VIG

• 1D: 0.09%
• 1M: 1.75%
• 6M: 7.13%
• YTD: 9.56%
• 1Y: 17.87%
• 3Y*: 15.99%
• 5Y*: 10.71%
• 10Y*: 13.00%

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

NAWGX vs. VIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NAWGX Voya Global High Dividend Low Volatility Fund	7.84%	18.29%	12.15%	6.59%	-4.51%	20.66%	-1.23%	21.31%	-9.17%	24.32%
VIG Vanguard Dividend Appreciation ETF	9.56%	14.17%	16.99%	14.51%	-9.80%	23.76%	15.43%	29.62%	-2.08%	22.22%

Correlation

The correlation between NAWGX and VIG is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Apr 27, 2006	0.81

The correlation between NAWGX and VIG shifts across timeframes, from 0.67 (1 year) to 0.86 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

NAWGX vs. VIG — Risk / Return Rank

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

NAWGX

NAWGX Risk / Return Rank: 30
NAWGX Sharpe Ratio Rank: 18
NAWGX Sortino Ratio Rank: 19
NAWGX Omega Ratio Rank: 41
NAWGX Calmar Ratio Rank: 27
NAWGX Martin Ratio Rank: 45

VIG

VIG Risk / Return Rank: 63
VIG Sharpe Ratio Rank: 65
VIG Sortino Ratio Rank: 68
VIG Omega Ratio Rank: 64
VIG Calmar Ratio Rank: 54
VIG Martin Ratio Rank: 63

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.

NAWGX vs. VIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Global High Dividend Low Volatility Fund (NAWGX) 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.

	NAWGX	VIG	Difference
Sharpe ratio: Return per unit of total volatility	0.90	1.72	-0.82
Sortino ratio: Return per unit of downside risk	1.35	2.50	-1.15
Omega ratio: Gain probability vs. loss probability	1.26	1.31	-0.05
Calmar ratio: Return relative to maximum drawdown	1.50	2.17	-0.68
Martin ratio: Return relative to average drawdown	7.58	8.80	-1.22

NAWGX vs. VIG - Sharpe Ratio Comparison

The current NAWGX Sharpe Ratio is 0.90, which is lower than the VIG Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of NAWGX 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.

Drawdowns

NAWGX vs. VIG - Drawdown Comparison

The maximum NAWGX drawdown since its inception was -66.60%, which is greater than VIG's maximum drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for NAWGX and VIG.

Drawdown Indicators

	NAWGX	VIG	Difference
Max Drawdown Largest peak-to-trough decline	-66.60%	-46.81%	-19.79%
Max Drawdown (1Y) Largest decline over 1 year	-9.48%	-7.91%	-1.57%
Max Drawdown (3Y) Largest decline over 3 years	-9.71%	-14.95%	+5.24%
Max Drawdown (5Y) Largest decline over 5 years	-16.73%	-20.39%	+3.66%
Max Drawdown (10Y) Largest decline over 10 years	-35.16%	-31.72%	-3.44%
Current Drawdown Current decline from peak	-0.40%	-0.08%	-0.32%
Average Drawdown Average peak-to-trough decline	-15.54%	-5.49%	-10.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	1.95%	-0.15%

Volatility

NAWGX vs. VIG - Volatility Comparison

Voya Global High Dividend Low Volatility Fund (NAWGX) and Vanguard Dividend Appreciation ETF (VIG) have volatilities of 2.61% and 2.51%, 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.

Volatility by Period

	NAWGX	VIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	2.51%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	14.15%	7.60%	+6.55%
Volatility (1Y) Calculated over the trailing 1-year period	15.84%	10.02%	+5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.21%	14.20%	-0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.91%	16.01%	-1.10%

NAWGX vs. VIG - Expense Ratio Comparison

NAWGX has a 0.85% expense ratio, which is higher than VIG's 0.04% expense ratio.

Dividends

NAWGX vs. VIG - Dividend Comparison

NAWGX's dividend yield for the trailing twelve months is around 4.37%, more than VIG's 1.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NAWGX Voya Global High Dividend Low Volatility Fund	4.37%	4.70%	1.85%	2.84%	3.09%	2.11%	1.99%	2.31%	3.11%	1.90%	1.38%	2.70%
VIG Vanguard Dividend Appreciation ETF	1.50%	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 NAWGX and VIG in my portfolio?

NAWGX and VIG have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NAWGX or VIG?

NAWGX has higher volatility (2.61%) compared to VIG (2.51%). In terms of maximum drawdown, NAWGX dropped -66.60% vs VIG's -46.81%.

Which has better risk-adjusted returns?

VIG currently has the higher Sharpe Ratio (1.72 vs 0.90), 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.