VDADX vs. VSPVX
VDADX (Vanguard Dividend Appreciation Index Fund Admiral Shares) and VSPVX (Vanguard S&P 500 Value Index Fund Institutional Shares) are both mutual funds - VDADX is a Large Cap Blend Equities fund managed by Vanguard, while VSPVX is a Large Cap Value Equities fund managed by Vanguard. Over the past 10 years, VDADX returned 13.22%/yr vs 11.85%/yr for VSPVX. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.08% expense ratio.
Performance
VDADX vs. VSPVX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VDADX having a 7.70% return and VSPVX slightly higher at 7.91%. Over the past 10 years, VDADX has outperformed VSPVX with an annualized return of 13.22%, while VSPVX has yielded a comparatively lower 11.85% annualized return.
VDADX
- 1D
- 0.72%
- 1M
- 3.96%
- YTD
- 7.70%
- 6M
- 7.14%
- 1Y
- 19.81%
- 3Y*
- 16.52%
- 5Y*
- 10.75%
- 10Y*
- 13.22%
VSPVX
- 1D
- 0.50%
- 1M
- 2.64%
- YTD
- 7.91%
- 6M
- 8.20%
- 1Y
- 21.76%
- 3Y*
- 15.66%
- 5Y*
- 10.71%
- 10Y*
- 11.85%
VDADX vs. VSPVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VDADX Vanguard Dividend Appreciation Index Fund Admiral Shares | 7.70% | 14.17% | 16.99% | 14.44% | -9.80% | 23.59% | 15.47% | 29.68% | -2.06% | 22.22% |
VSPVX Vanguard S&P 500 Value Index Fund Institutional Shares | 7.91% | 12.62% | 11.99% | 22.39% | -5.33% | 24.80% | 1.23% | 31.84% | -9.02% | 15.28% |
Correlation
The correlation between VDADX and VSPVX is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2014 | 0.90 |
The correlation between VDADX and VSPVX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
VDADX vs. VSPVX — Risk / Return Rank
VDADX
VSPVX
VDADX vs. VSPVX - 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 S&P 500 Value Index Fund Institutional Shares (VSPVX). 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.
| VDADX | VSPVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.60 | -1.00 |
| Martin ratioReturn relative to average drawdown | 10.51 | 13.77 | -3.26 |
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
| VDADX | VSPVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.29 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.75 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.70 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.63 | +0.13 |
Drawdowns
VDADX vs. VSPVX - Drawdown Comparison
The maximum VDADX drawdown since its inception was -31.70%, smaller than the maximum VSPVX drawdown of -37.05%. Use the drawdown chart below to compare losses from any high point for VDADX and VSPVX.
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Drawdown Indicators
| VDADX | VSPVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -37.05% | +5.35% |
Max Drawdown (1Y)Largest decline over 1 year | -7.93% | -6.24% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -17.91% | +2.96% |
Max Drawdown (5Y)Largest decline over 5 years | -20.42% | -18.00% | -2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -31.70% | -37.05% | +5.35% |
Current DrawdownCurrent decline from peak | 0.00% | -0.18% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -4.06% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.63% | +0.33% |
Volatility
VDADX vs. VSPVX - Volatility Comparison
Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX) has a higher volatility of 2.31% compared to Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) at 2.18%. This indicates that VDADX's price experiences larger fluctuations and is considered to be riskier than VSPVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDADX | VSPVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 2.18% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 7.07% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.07% | 9.80% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.27% | 14.45% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 17.07% | -0.87% |
VDADX vs. VSPVX - Expense Ratio Comparison
Both VDADX and VSPVX have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VDADX vs. VSPVX - Dividend Comparison
VDADX's dividend yield for the trailing twelve months is around 1.45%, less than VSPVX's 1.69% 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% |
VSPVX Vanguard S&P 500 Value Index Fund Institutional Shares | 1.69% | 1.35% | 2.12% | 1.70% | 2.21% | 1.88% | 2.46% | 2.12% | 2.73% | 2.18% | 2.30% | 2.47% |
Frequently Asked Questions
VDADX and VSPVX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VDADX has higher volatility (2.31%) compared to VSPVX (2.18%). In terms of maximum drawdown, VDADX dropped -31.70% vs VSPVX's -37.05%.
VSPVX currently has the higher Sharpe Ratio (2.29 vs 2.05), 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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