VEIRX vs. SVAIX

Last updated Jun 4, 2026

VEIRX (Vanguard Equity Income Fund Admiral Shares) and SVAIX (Federated Hermes Strategic Value Dividend Fund) are both Large Cap Value Equities funds. Over the past 10 years, VEIRX returned 11.95%/yr vs 8.12%/yr for SVAIX. Their correlation of 0.86 suggests significant overlap in exposure. VEIRX charges 0.19%/yr vs 0.81%/yr for SVAIX.

Performance

VEIRX vs. SVAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Equity Income Fund Admiral Shares (VEIRX) and Federated Hermes Strategic Value Dividend Fund (SVAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEIRX achieves a 9.73% return, which is significantly higher than SVAIX's 8.76% return. Over the past 10 years, VEIRX has outperformed SVAIX with an annualized return of 11.95%, while SVAIX has yielded a comparatively lower 8.12% annualized return.

VEIRX

• 1D: 0.79%
• 1M: 2.95%
• YTD: 9.73%
• 6M: 9.86%
• 1Y: 23.54%
• 3Y*: 17.62%
• 5Y*: 11.11%
• 10Y*: 11.95%

SVAIX

• 1D: 0.44%
• 1M: -0.17%
• YTD: 8.76%
• 6M: 8.67%
• 1Y: 19.00%
• 3Y*: 15.48%
• 5Y*: 10.39%
• 10Y*: 8.12%

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

VEIRX vs. SVAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEIRX Vanguard Equity Income Fund Admiral Shares	9.73%	17.25%	14.91%	7.76%	-0.08%	25.49%	3.08%	25.34%	-5.68%	17.68%
SVAIX Federated Hermes Strategic Value Dividend Fund	8.76%	15.26%	16.47%	-1.81%	8.47%	21.52%	-7.88%	19.59%	-8.23%	15.10%

Correlation

The correlation between VEIRX and SVAIX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Mar 29, 2005	0.86

Over the past year, the correlation between VEIRX and SVAIX has dropped to 0.60 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

VEIRX vs. SVAIX — Risk / Return Rank

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

VEIRX

VEIRX Risk / Return Rank: 67
VEIRX Sharpe Ratio Rank: 67
VEIRX Sortino Ratio Rank: 66
VEIRX Omega Ratio Rank: 61
VEIRX Calmar Ratio Rank: 76
VEIRX Martin Ratio Rank: 66

SVAIX

SVAIX Risk / Return Rank: 70
SVAIX Sharpe Ratio Rank: 64
SVAIX Sortino Ratio Rank: 67
SVAIX Omega Ratio Rank: 51
SVAIX Calmar Ratio Rank: 93
SVAIX Martin Ratio Rank: 76

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.

VEIRX vs. SVAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Equity Income Fund Admiral Shares (VEIRX) and Federated Hermes Strategic Value Dividend Fund (SVAIX). 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.

	VEIRX	SVAIX	Difference
Sharpe ratio: Return per unit of total volatility	2.39	2.35	+0.05
Sortino ratio: Return per unit of downside risk	3.39	3.42	-0.03
Omega ratio: Gain probability vs. loss probability	1.44	1.39	+0.04
Calmar ratio: Return relative to maximum drawdown	3.44	5.20	-1.76
Martin ratio: Return relative to average drawdown	12.85	14.39	-1.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEIRX vs. SVAIX - Sharpe Ratio Comparison

The current VEIRX Sharpe Ratio is 2.39, which is comparable to the SVAIX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of VEIRX and SVAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VEIRX	SVAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.39	2.35	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.80	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.54	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.52	0.00

Drawdowns

VEIRX vs. SVAIX - Drawdown Comparison

The maximum VEIRX drawdown since its inception was -54.02%, which is greater than SVAIX's maximum drawdown of -50.62%. Use the drawdown chart below to compare losses from any high point for VEIRX and SVAIX.

Drawdown Indicators

	VEIRX	SVAIX	Difference
Max Drawdown Largest peak-to-trough decline	-54.02%	-50.62%	-3.40%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-4.66%	-2.47%
Max Drawdown (3Y) Largest decline over 3 years	-13.36%	-12.64%	-0.72%
Max Drawdown (5Y) Largest decline over 5 years	-15.12%	-16.13%	+1.01%
Max Drawdown (10Y) Largest decline over 10 years	-35.26%	-36.53%	+1.27%
Current Drawdown Current decline from peak	0.00%	-3.25%	+3.25%
Average Drawdown Average peak-to-trough decline	-6.50%	-7.71%	+1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.59%	-0.68%

Volatility

VEIRX vs. SVAIX - Volatility Comparison

The current volatility for Vanguard Equity Income Fund Admiral Shares (VEIRX) is 2.84%, while Federated Hermes Strategic Value Dividend Fund (SVAIX) has a volatility of 3.54%. This indicates that VEIRX experiences smaller price fluctuations and is considered to be less risky than SVAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEIRX	SVAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	3.54%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	7.65%	7.32%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	10.25%	10.33%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	13.63%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	15.44%	+0.87%

VEIRX vs. SVAIX - Expense Ratio Comparison

VEIRX has a 0.19% expense ratio, which is lower than SVAIX's 0.81% expense ratio.

Dividends

VEIRX vs. SVAIX - Dividend Comparison

VEIRX's dividend yield for the trailing twelve months is around 10.12%, more than SVAIX's 6.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SVAIX Federated Hermes Strategic Value Dividend Fund	6.05%	6.41%	7.58%	4.32%	9.68%	3.72%	4.28%	8.75%	8.54%	10.36%	5.24%	8.67%
VEIRX Vanguard Equity Income Fund Admiral Shares	10.12%	11.03%	9.83%	7.96%	8.79%	7.71%	2.86%	4.45%	10.98%	3.04%	3.87%	6.48%

Frequently Asked Questions

Can I hold both VEIRX and SVAIX in my portfolio?

VEIRX and SVAIX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEIRX or SVAIX?

SVAIX has higher volatility (3.54%) compared to VEIRX (2.84%). In terms of maximum drawdown, VEIRX dropped -54.02% vs SVAIX's -50.62%.

Which has better risk-adjusted returns?

VEIRX currently has the higher Sharpe Ratio (2.39 vs 2.35), 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.