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 Dividend fund tracking the S&P U.S. Dividend Growers Index, while VSPVX is a Large Cap Value Equities fund managed by Vanguard. Over the past 10 years, VDADX returned 13.01%/yr vs 11.78%/yr for VSPVX. Their correlation of 0.90 means they have usually moved in the same direction. VDADX charges 0.07%/yr vs 0.08%/yr for VSPVX.
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 10.06% return and VSPVX slightly higher at 10.34%. Over the past 10 years, VDADX has outperformed VSPVX with an annualized return of 13.01%, while VSPVX has yielded a comparatively lower 11.78% annualized return.
VDADX
- 1D
- 0.63%
- 1M
- 0.54%
- 6M
- 8.00%
- YTD
- 10.06%
- 1Y
- 19.48%
- 3Y*
- 15.03%
- 5Y*
- 10.49%
- 10Y*
- 13.01%
- ALL TIME*
- 11.90%
VSPVX
- 1D
- -0.06%
- 1M
- 0.77%
- 6M
- 7.66%
- YTD
- 10.34%
- 1Y
- 21.40%
- 3Y*
- 13.68%
- 5Y*
- 11.42%
- 10Y*
- 11.78%
- ALL TIME*
- 10.53%
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. VSPVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VDADX Vanguard Dividend Appreciation Index Fund Admiral Shares | 10.06% | 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 | 10.34% | 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 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2014 | 0.90 |
The correlation between VDADX and VSPVX has been stable across timeframes, ranging from 0.89 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.
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 | VSPVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 3.06 | -0.85 |
| Martin ratioReturn relative to average drawdown | 8.99 | 11.83 | -2.84 |
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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 | -0.67% | -0.95% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -4.02% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.62% | +0.33% |
Volatility
VDADX vs. VSPVX - Volatility Comparison
Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX) and Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) have volatilities of 2.63% and 2.67%, 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 | VSPVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 2.67% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.64% | 7.18% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.19% | 9.98% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.25% | 14.36% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 17.00% | -0.84% |
VDADX vs. VSPVX - Expense Ratio Comparison
VDADX has a 0.07% expense ratio, which is lower than VSPVX's 0.08% expense ratio. Despite the difference, 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. VSPVX - Dividend Comparison
VDADX's dividend yield for the trailing twelve months is around 1.47%, less than VSPVX's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VDADX Vanguard Dividend Appreciation Index Fund Admiral Shares | 1.47% | 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 | 1.68% | 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 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VSPVX has higher volatility (2.67%) compared to VDADX (2.63%). In terms of maximum drawdown, VDADX dropped -31.70% vs VSPVX's -37.05%.
VSPVX currently has the higher Sharpe Ratio (1.92 vs 1.72), 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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