PRDGX vs. RDVY

Last updated Jun 10, 2026

PRDGX (T. Rowe Price Dividend Growth Fund, Inc.) and RDVY (First Trust Rising Dividend Achievers ETF) are both Large Cap Blend Equities funds. PRDGX is actively managed, while RDVY is passively managed. Over the past 10 years, PRDGX returned 12.74%/yr vs 15.78%/yr for RDVY. Their correlation of 0.84 suggests significant overlap in exposure. PRDGX charges 0.64%/yr vs 0.50%/yr for RDVY.

Performance

PRDGX vs. RDVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) and First Trust Rising Dividend Achievers ETF (RDVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRDGX achieves a 6.64% return, which is significantly lower than RDVY's 10.70% return. Over the past 10 years, PRDGX has underperformed RDVY with an annualized return of 12.74%, while RDVY has yielded a comparatively higher 15.78% annualized return.

PRDGX

• 1D: -0.12%
• 1M: 1.94%
• YTD: 6.64%
• 6M: 7.66%
• 1Y: 15.93%
• 3Y*: 15.19%
• 5Y*: 9.92%
• 10Y*: 12.74%

RDVY

• 1D: 0.88%
• 1M: 2.83%
• YTD: 10.70%
• 6M: 11.75%
• 1Y: 26.27%
• 3Y*: 20.13%
• 5Y*: 11.58%
• 10Y*: 15.78%

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

PRDGX vs. RDVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRDGX T. Rowe Price Dividend Growth Fund, Inc.	6.64%	14.74%	13.48%	13.68%	-10.22%	26.03%	13.92%	31.76%	-1.06%	18.89%
RDVY First Trust Rising Dividend Achievers ETF	10.70%	18.90%	16.41%	20.38%	-13.27%	31.14%	13.47%	37.71%	-9.92%	22.75%

Correlation

The correlation between PRDGX and RDVY is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jan 7, 2014	0.84

The correlation between PRDGX and RDVY has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

Return for Risk

PRDGX vs. RDVY — Risk / Return Rank

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

PRDGX

PRDGX Risk / Return Rank: 42
PRDGX Sharpe Ratio Rank: 41
PRDGX Sortino Ratio Rank: 41
PRDGX Omega Ratio Rank: 39
PRDGX Calmar Ratio Rank: 41
PRDGX Martin Ratio Rank: 47

RDVY

RDVY Risk / Return Rank: 66
RDVY Sharpe Ratio Rank: 63
RDVY Sortino Ratio Rank: 66
RDVY Omega Ratio Rank: 60
RDVY Calmar Ratio Rank: 66
RDVY Martin Ratio Rank: 74

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.

PRDGX vs. RDVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) and First Trust Rising Dividend Achievers ETF (RDVY). 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.

	PRDGX	RDVY	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.87	-0.27
Sortino ratio: Return per unit of downside risk	2.29	2.66	-0.37
Omega ratio: Gain probability vs. loss probability	1.28	1.33	-0.04
Calmar ratio: Return relative to maximum drawdown	2.13	2.92	-0.79
Martin ratio: Return relative to average drawdown	8.71	12.26	-3.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRDGX vs. RDVY - Sharpe Ratio Comparison

The current PRDGX Sharpe Ratio is 1.60, which is comparable to the RDVY Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of PRDGX and RDVY, 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

	PRDGX	RDVY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	1.87	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.61	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.75	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.67	-0.01

Drawdowns

PRDGX vs. RDVY - Drawdown Comparison

The maximum PRDGX drawdown since its inception was -49.79%, which is greater than RDVY's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for PRDGX and RDVY.

Drawdown Indicators

	PRDGX	RDVY	Difference
Max Drawdown Largest peak-to-trough decline	-49.79%	-40.60%	-9.19%
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	-9.04%	+1.70%
Max Drawdown (3Y) Largest decline over 3 years	-14.15%	-19.11%	+4.96%
Max Drawdown (5Y) Largest decline over 5 years	-19.31%	-25.32%	+6.01%
Max Drawdown (10Y) Largest decline over 10 years	-33.18%	-40.60%	+7.42%
Current Drawdown Current decline from peak	-1.25%	-0.32%	-0.93%
Average Drawdown Average peak-to-trough decline	-5.42%	-5.00%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	2.15%	-0.36%

Volatility

PRDGX vs. RDVY - Volatility Comparison

The current volatility for T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) is 2.28%, while First Trust Rising Dividend Achievers ETF (RDVY) has a volatility of 4.05%. This indicates that PRDGX experiences smaller price fluctuations and is considered to be less risky than RDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRDGX	RDVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.28%	4.05%	-1.77%
Volatility (6M) Calculated over the trailing 6-month period	7.59%	11.17%	-3.58%
Volatility (1Y) Calculated over the trailing 1-year period	9.80%	14.15%	-4.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.07%	18.94%	-4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.88%	21.12%	-5.24%

PRDGX vs. RDVY - Expense Ratio Comparison

PRDGX has a 0.64% expense ratio, which is higher than RDVY's 0.50% expense ratio.

Dividends

PRDGX vs. RDVY - Dividend Comparison

PRDGX's dividend yield for the trailing twelve months is around 7.59%, more than RDVY's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRDGX T. Rowe Price Dividend Growth Fund, Inc.	7.59%	8.02%	4.66%	2.78%	3.81%	2.00%	1.03%	2.33%	3.67%	1.82%	3.07%	7.57%
RDVY First Trust Rising Dividend Achievers ETF	0.91%	1.11%	1.64%	2.09%	2.21%	1.04%	1.53%	1.55%	1.68%	1.25%	2.07%	2.14%

Frequently Asked Questions

Can I hold both PRDGX and RDVY in my portfolio?

PRDGX and RDVY have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRDGX or RDVY?

RDVY has higher volatility (4.05%) compared to PRDGX (2.28%). In terms of maximum drawdown, PRDGX dropped -49.79% vs RDVY's -40.60%.

Which has better risk-adjusted returns?

RDVY currently has the higher Sharpe Ratio (1.87 vs 1.60), 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.