VDADX vs. PRFDX
VDADX (Vanguard Dividend Appreciation Index Fund Admiral Shares) and PRFDX (T. Rowe Price Equity Income Fund) are both Dividend funds. Over the past 10 years, VDADX returned 13.13%/yr vs 12.16%/yr for PRFDX. Their correlation of 0.86 means they have usually moved in the same direction. VDADX charges 0.07%/yr vs 0.69%/yr for PRFDX.
Performance
VDADX vs. PRFDX - Performance Comparison
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Returns By Period
In the year-to-date period, VDADX achieves a 11.84% return, which is significantly lower than PRFDX's 19.79% return. Over the past 10 years, VDADX has outperformed PRFDX with an annualized return of 13.13%, while PRFDX has yielded a comparatively lower 12.16% annualized return.
VDADX
- 1D
- 1.55%
- 1M
- 2.04%
- 6M
- 8.53%
- YTD
- 11.84%
- 1Y
- 20.29%
- 3Y*
- 16.39%
- 5Y*
- 10.78%
- 10Y*
- 13.13%
- ALL TIME*
- 12.03%
PRFDX
- 1D
- 0.88%
- 1M
- 3.12%
- 6M
- 13.47%
- YTD
- 19.79%
- 1Y
- 30.32%
- 3Y*
- 17.26%
- 5Y*
- 11.68%
- 10Y*
- 12.16%
- ALL TIME*
- 10.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VDADX vs. PRFDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VDADX Vanguard Dividend Appreciation Index Fund Admiral Shares | 11.84% | 14.17% | 16.99% | 14.44% | -9.80% | 23.59% | 15.47% | 29.68% | -2.06% | 22.22% |
PRFDX T. Rowe Price Equity Income Fund | 19.79% | 14.60% | 11.85% | 9.75% | -3.25% | 25.60% | 1.28% | 33.66% | -9.29% | 15.46% |
Correlation
The correlation between VDADX and PRFDX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2013 | 0.86 |
The correlation between VDADX and PRFDX has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
VDADX vs. PRFDX — Risk / Return Rank
VDADX
PRFDX
VDADX vs. PRFDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX) and T. Rowe Price Equity Income Fund (PRFDX). 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.
| VDADX | PRFDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.51 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 4.19 | -1.68 |
| Martin ratioReturn relative to average drawdown | 10.21 | 16.03 | -5.82 |
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Drawdowns
VDADX vs. PRFDX - Drawdown Comparison
The maximum VDADX drawdown since its inception was -31.70%, smaller than the maximum PRFDX drawdown of -58.12%. Use the drawdown chart below to compare losses from any high point for VDADX and PRFDX.
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Drawdown Indicators
| VDADX | PRFDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -58.12% | +26.42% |
Max Drawdown (1Y)Largest decline over 1 year | -7.93% | -7.34% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -14.35% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -20.42% | -18.08% | -2.34% |
Max Drawdown (10Y)Largest decline over 10 years | -31.70% | -39.71% | +8.01% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -6.23% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.91% | +0.04% |
Volatility
VDADX vs. PRFDX - Volatility Comparison
Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX) and T. Rowe Price Equity Income Fund (PRFDX) have volatilities of 2.94% and 2.94%, 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.
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Volatility by Period
| VDADX | PRFDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.94% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 8.39% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.22% | 11.01% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 14.84% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.17% | 17.78% | -1.61% |
VDADX vs. PRFDX - Expense Ratio Comparison
VDADX has a 0.07% expense ratio, which is lower than PRFDX's 0.69% expense ratio.
Dividends
VDADX vs. PRFDX - Dividend Comparison
VDADX's dividend yield for the trailing twelve months is around 1.45%, less than PRFDX's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFDX T. Rowe Price Equity Income Fund | 2.20% | 2.76% | 8.91% | 6.19% | 6.61% | 8.78% | 3.55% | 12.53% | 11.43% | 8.97% | 7.75% | 7.48% |
VDADX Vanguard Dividend Appreciation Index Fund Admiral Shares | 1.45% | 1.60% | 1.71% | 1.86% | 1.94% | 1.53% | 1.61% | 1.69% | 2.07% | 1.88% | 2.14% | 2.34% |
Frequently Asked Questions
VDADX and PRFDX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRFDX has higher volatility (2.94%) compared to VDADX (2.94%). In terms of maximum drawdown, VDADX dropped -31.70% vs PRFDX's -58.12%.
PRFDX currently has the higher Sharpe Ratio (2.80 vs 1.96), 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.
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