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VDADX vs. VVIAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VDADX vs. VVIAX

Last updated Aug 2, 2026
Documentation

VDADX (Vanguard Dividend Appreciation Index Fund Admiral Shares) and VVIAX (Vanguard Value Index Fund Admiral Shares) are both mutual funds - VDADX is a Dividend fund tracking the S&P U.S. Dividend Growers Index, while VVIAX is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, VDADX returned 13.01%/yr vs 12.53%/yr for VVIAX. Their correlation of 0.92 means they have usually moved in the same direction. VDADX charges 0.07%/yr vs 0.05%/yr for VVIAX.

Performance

VDADX vs. VVIAX - 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 Value Index Fund Admiral Shares (VVIAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VDADX achieves a 10.06% return, which is significantly lower than VVIAX's 16.65% return. Both investments have delivered pretty close results over the past 10 years, with VDADX having a 13.01% annualized return and VVIAX not far behind at 12.53%.

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%

VVIAX

1D
0.31%
1M
0.58%
6M
11.53%
YTD
16.65%
1Y
28.22%
3Y*
17.11%
5Y*
12.33%
10Y*
12.53%
ALL TIME*
8.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

VDADX

Vanguard Dividend Appreciation Index Fund Admiral Shares
$0.00$0.00$0.00

VVIAX

Vanguard Value Index Fund Admiral Shares
$0.00$0.00$0.00

VDADX vs. VVIAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VVIAX
Vanguard Value Index Fund Admiral Shares		16.65%15.27%16.00%9.22%-2.07%26.51%2.29%25.81%-5.45%17.13%

Correlation

The correlation between VDADX and VVIAX is 0.87, 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.

0.87

Correlation (3Y)
Balances recent behavior with more history.

0.92

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.92

Correlation (10Y)
Provides a long-term view across more market conditions.

0.91

Correlation (All Time)
Calculated using the full available price history since Dec 20, 2013

0.92

The correlation between VDADX and VVIAX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

VDADX vs. VVIAX - Sectors Allocation Comparison

Sectors
VDADX
VVIAX

Technology

26.9%
15.3%

Financial Services

20.3%
22.4%

Healthcare

17.8%
15.2%

Industrials

11.9%
14.3%

Consumer Defensive

9.2%
8.7%

Consumer Cyclical

4.5%
3.9%

Basic Materials

3.4%
3.0%

Utilities

3.0%
4.8%

Energy

3.0%
6.9%

Communication Services

0.5%
2.9%

Real Estate

-

2.5%

Technology

VDADX
26.9%
VVIAX
15.3%

Financial Services

VDADX
20.3%
VVIAX
22.4%

Healthcare

VDADX
17.8%
VVIAX
15.2%

Industrials

VDADX
11.9%
VVIAX
14.3%

Consumer Defensive

VDADX
9.2%
VVIAX
8.7%

Consumer Cyclical

VDADX
4.5%
VVIAX
3.9%

Basic Materials

VDADX
3.4%
VVIAX
3.0%

Utilities

VDADX
3.0%
VVIAX
4.8%

Energy

VDADX
3.0%
VVIAX
6.9%

Communication Services

VDADX
0.5%
VVIAX
2.9%

Real Estate

VDADX

-

VVIAX
2.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Dividend Appreciation Index Fund Admiral Shares

Vanguard Value Index Fund Admiral Shares

Often compared with VDADX:
VDADX vs. VIGVDADX vs. VDIGXVDADX vs. VFIAXVDADX vs. SCHDVDADX vs. VTSAXVDADX vs. VYMVDADX vs. VEIRX
Often compared with VVIAX:
VVIAX vs. VFIAXVVIAX vs. VIGAXVVIAX vs. VTVVVIAX vs. FLCOXVVIAX vs. VOOVVIAX vs. VBIAXVVIAX vs. VITAX

Return for Risk

VDADX vs. VVIAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VDADX
VDADX Risk / Return Rank: 7474
Overall Rank
VDADX Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
VDADX Sortino Ratio Rank: 7575
Sortino Ratio Rank
VDADX Omega Ratio Rank: 7373
Omega Ratio Rank
VDADX Calmar Ratio Rank: 7070
Calmar Ratio Rank
VDADX Martin Ratio Rank: 7777
Martin Ratio Rank
VVIAX
VVIAX Risk / Return Rank: 9393
Overall Rank
VVIAX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
VVIAX Sortino Ratio Rank: 9393
Sortino Ratio Rank
VVIAX Omega Ratio Rank: 8888
Omega Ratio Rank
VVIAX Calmar Ratio Rank: 9595
Calmar Ratio Rank
VVIAX Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VDADX vs. VVIAX - 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 Value Index Fund Admiral Shares (VVIAX). 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.

VDADXVVIAXDifference
Sharpe ratioReturn per unit of total volatility
1.72
2.52

-0.80

Sortino ratioReturn per unit of downside risk
2.49
3.60

-1.11

Omega ratioGain probability vs. loss probability

1.31

1.45

-0.14

Calmar ratioReturn relative to maximum drawdown

2.21

4.10

-1.89

Martin ratioReturn relative to average drawdown

8.99

15.85

-6.86

VDADX vs. VVIAX - Sharpe Ratio Comparison

The current VDADX Sharpe Ratio is 1.72, which is lower than the VVIAX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of VDADX and VVIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VDADX vs. VVIAX - Drawdown Comparison

The maximum VDADX drawdown since its inception was -31.70%, smaller than the maximum VVIAX drawdown of -59.32%. Use the drawdown chart below to compare losses from any high point for VDADX and VVIAX.

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Drawdown Indicators

VDADXVVIAXDifference

Max Drawdown

Largest peak-to-trough decline

-31.70%

-59.32%

+27.62%

Max Drawdown (1Y)

Largest decline over 1 year

-7.93%

-6.36%

-1.57%

Max Drawdown (3Y)

Largest decline over 3 years

-14.95%

-14.39%

-0.56%

Max Drawdown (5Y)

Largest decline over 5 years

-20.42%

-17.14%

-3.28%

Max Drawdown (10Y)

Largest decline over 10 years

-31.70%

-36.80%

+5.10%

Current Drawdown

Current decline from peak

-0.67%

-1.07%

+0.40%

Average Drawdown

Average peak-to-trough decline

-3.37%

-9.56%

+6.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

1.65%

+0.30%

Volatility

VDADX vs. VVIAX - Volatility Comparison

Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX) and Vanguard Value Index Fund Admiral Shares (VVIAX) have volatilities of 2.63% and 2.63%, 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

VDADXVVIAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.63%

2.63%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

7.64%

7.79%

-0.15%

Volatility (1Y)

Calculated over the trailing 1-year period

10.19%

10.37%

-0.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.25%

13.86%

+0.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.16%

16.69%

-0.53%

VDADX vs. VVIAX - Expense Ratio Comparison

VDADX has a 0.07% expense ratio, which is higher than VVIAX's 0.05% 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. VVIAX - Dividend Comparison

VDADX's dividend yield for the trailing twelve months is around 1.47%, less than VVIAX's 1.84% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VVIAX
Vanguard Value Index Fund Admiral Shares		1.84%2.04%2.30%2.45%2.51%2.14%2.55%2.49%2.72%2.29%2.45%2.60%

Frequently Asked Questions

VDADX and VVIAX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VVIAX has higher volatility (2.63%) compared to VDADX (2.63%). In terms of maximum drawdown, VDADX dropped -31.70% vs VVIAX's -59.32%.

VVIAX currently has the higher Sharpe Ratio (2.52 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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