VDADX vs. VIG

Last updated Jun 24, 2026

VDADX (Vanguard Dividend Appreciation Index Fund Admiral Shares) and VIG (Vanguard Dividend Appreciation ETF) are both Dividend funds from Vanguard tracking the S&P U.S. Dividend Growers Index. Both are passively managed. Over the past 10 years, VDADX returned 13.36%/yr vs 13.34%/yr for VIG. With a 1.00 correlation, they move nearly in lockstep. VDADX charges 0.07%/yr vs 0.04%/yr for VIG.

Performance

VDADX vs. VIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX) 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, VDADX achieves a 7.47% return, which is significantly higher than VIG's 6.98% return. Both investments have delivered pretty close results over the past 10 years, with VDADX having a 13.36% annualized return and VIG not far behind at 13.34%.

VDADX

• 1D: 0.13%
• 1M: 0.98%
• YTD: 7.47%
• 6M: 6.75%
• 1Y: 18.93%
• 3Y*: 16.01%
• 5Y*: 11.03%
• 10Y*: 13.36%

VIG

• 1D: -0.51%
• 1M: 0.48%
• YTD: 6.98%
• 6M: 6.28%
• 1Y: 18.42%
• 3Y*: 15.85%
• 5Y*: 10.82%
• 10Y*: 13.34%

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

VDADX vs. VIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VDADX Vanguard Dividend Appreciation Index Fund Admiral Shares	7.47%	14.17%	16.99%	14.44%	-9.80%	23.59%	15.47%	29.68%	-2.06%	22.22%
VIG Vanguard Dividend Appreciation ETF	6.98%	14.17%	16.99%	14.51%	-9.80%	23.76%	15.43%	29.62%	-2.08%	22.22%

Correlation

The correlation between VDADX and VIG is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Dec 20, 2013	1.00

The correlation between VDADX and VIG has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

VDADX vs. VIG - Sectors Allocation Comparison

Sectors	VDADX	VIG
Technology	29.0%	29.0%
Financial Services	19.9%	19.9%
Healthcare	16.6%	16.6%
Industrials	11.3%	11.3%
Consumer Defensive	9.3%	9.3%
Consumer Cyclical	4.4%	4.4%
Basic Materials	3.3%	3.3%
Energy	3.2%	3.2%
Utilities	2.9%	2.9%
Communication Services	0.5%	0.5%
Real Estate	-	-

Return for Risk

VDADX vs. VIG — Risk / Return Rank

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

VDADX

VDADX Risk / Return Rank: 52
VDADX Sharpe Ratio Rank: 53
VDADX Sortino Ratio Rank: 56
VDADX Omega Ratio Rank: 50
VDADX Calmar Ratio Rank: 49
VDADX Martin Ratio Rank: 54

VIG

VIG Risk / Return Rank: 54
VIG Sharpe Ratio Rank: 56
VIG Sortino Ratio Rank: 58
VIG Omega Ratio Rank: 54
VIG Calmar Ratio Rank: 49
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.

VDADX vs. VIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX) 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.

	VDADX	VIG	Difference
Sharpe ratio: Return per unit of total volatility	1.99	1.83	+0.16
Sortino ratio: Return per unit of downside risk	2.87	2.66	+0.22
Omega ratio: Gain probability vs. loss probability	1.35	1.33	+0.03
Calmar ratio: Return relative to maximum drawdown	2.56	2.34	+0.22
Martin ratio: Return relative to average drawdown	10.31	9.44	+0.87

VDADX vs. VIG - Sharpe Ratio Comparison

The current VDADX Sharpe Ratio is 1.99, which is comparable to the VIG Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of VDADX 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

VDADX vs. VIG - Drawdown Comparison

The maximum VDADX drawdown since its inception was -31.70%, smaller than the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for VDADX and VIG.

Drawdown Indicators

	VDADX	VIG	Difference
Max Drawdown Largest peak-to-trough decline	-31.70%	-46.81%	+15.11%
Max Drawdown (1Y) Largest decline over 1 year	-7.93%	-7.91%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-14.95%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-20.42%	-20.39%	-0.03%
Max Drawdown (10Y) Largest decline over 10 years	-31.70%	-31.72%	+0.02%
Current Drawdown Current decline from peak	-0.62%	-1.13%	+0.51%
Average Drawdown Average peak-to-trough decline	-3.39%	-5.50%	+2.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.96%	0.00%

Volatility

VDADX vs. VIG - Volatility Comparison

Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX) and Vanguard Dividend Appreciation ETF (VIG) have volatilities of 2.88% and 2.89%, 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

	VDADX	VIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	2.89%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	7.72%	7.70%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.21%	10.14%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.27%	14.23%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.21%	16.04%	+0.17%

VDADX vs. VIG - Expense Ratio Comparison

VDADX has a 0.07% 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

VDADX vs. VIG - Dividend Comparison

VDADX's dividend yield for the trailing twelve months is around 1.45%, less than VIG's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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 VDADX and VIG in my portfolio?

With a correlation of 1.00, VDADX and VIG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VDADX or VIG?

VIG has higher volatility (2.89%) compared to VDADX (2.88%). In terms of maximum drawdown, VDADX dropped -31.70% vs VIG's -46.81%.

Which has better risk-adjusted returns?

VDADX currently has the higher Sharpe Ratio (1.99 vs 1.83), 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.