PDGIX vs. VOE
Compare and contrast key facts about T. Rowe Price Dividend Growth Fund (PDGIX) and Vanguard Mid-Cap Value ETF (VOE).
PDGIX is an actively managed fund by T. Rowe Price. It was launched on Dec 17, 2015. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006.
Performance
PDGIX vs. VOE - Performance Comparison
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PDGIX vs. VOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDGIX T. Rowe Price Dividend Growth Fund | -2.44% | 14.91% | 13.63% | 13.82% | -10.08% | 26.19% | 14.06% | 31.90% | -0.93% | 18.98% |
VOE Vanguard Mid-Cap Value ETF | 4.46% | 12.08% | 14.00% | 9.85% | -7.97% | 28.78% | 2.65% | 27.85% | -12.48% | 17.07% |
Returns By Period
In the year-to-date period, PDGIX achieves a -2.44% return, which is significantly lower than VOE's 4.46% return. Over the past 10 years, PDGIX has outperformed VOE with an annualized return of 12.23%, while VOE has yielded a comparatively lower 10.21% annualized return.
PDGIX
- 1D
- 0.03%
- 1M
- -7.29%
- YTD
- -2.44%
- 6M
- 0.07%
- 1Y
- 9.58%
- 3Y*
- 12.44%
- 5Y*
- 9.40%
- 10Y*
- 12.23%
VOE
- 1D
- 1.55%
- 1M
- -4.65%
- YTD
- 4.46%
- 6M
- 6.69%
- 1Y
- 17.22%
- 3Y*
- 13.73%
- 5Y*
- 8.61%
- 10Y*
- 10.21%
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PDGIX vs. VOE - Expense Ratio Comparison
PDGIX has a 0.51% expense ratio, which is higher than VOE's 0.07% expense ratio.
Return for Risk
PDGIX vs. VOE — Risk / Return Rank
PDGIX
VOE
PDGIX vs. VOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dividend Growth Fund (PDGIX) and Vanguard Mid-Cap Value ETF (VOE). 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.
| PDGIX | VOE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 1.05 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.09 | 1.53 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.47 | -0.66 |
Martin ratioReturn relative to average drawdown | 3.90 | 6.87 | -2.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PDGIX | VOE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.05 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.54 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.54 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.43 | +0.36 |
Correlation
The correlation between PDGIX and VOE is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PDGIX vs. VOE - Dividend Comparison
PDGIX's dividend yield for the trailing twelve months is around 8.45%, more than VOE's 1.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDGIX T. Rowe Price Dividend Growth Fund | 8.45% | 8.16% | 4.80% | 2.90% | 3.99% | 2.09% | 1.15% | 2.44% | 3.81% | 1.89% | 3.20% | 0.00% |
VOE Vanguard Mid-Cap Value ETF | 1.99% | 2.10% | 2.11% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% |
Drawdowns
PDGIX vs. VOE - Drawdown Comparison
The maximum PDGIX drawdown since its inception was -33.17%, smaller than the maximum VOE drawdown of -61.50%. Use the drawdown chart below to compare losses from any high point for PDGIX and VOE.
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Drawdown Indicators
| PDGIX | VOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.17% | -61.50% | +28.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.27% | -12.42% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -19.21% | -19.70% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -33.17% | -43.18% | +10.01% |
Current DrawdownCurrent decline from peak | -7.30% | -4.73% | -2.57% |
Average DrawdownAverage peak-to-trough decline | -3.40% | -8.42% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.67% | -0.33% |
Volatility
PDGIX vs. VOE - Volatility Comparison
The current volatility for T. Rowe Price Dividend Growth Fund (PDGIX) is 3.42%, while Vanguard Mid-Cap Value ETF (VOE) has a volatility of 4.23%. This indicates that PDGIX experiences smaller price fluctuations and is considered to be less risky than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDGIX | VOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 4.23% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 8.78% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 16.48% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 16.11% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.86% | 18.84% | -2.98% |