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VEIRX vs. VDADX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VEIRX vs. VDADX

Last updated Aug 2, 2026
Documentation

VEIRX (Vanguard Equity Income Fund Admiral Shares) and VDADX (Vanguard Dividend Appreciation Index Fund Admiral Shares) are both Dividend funds from Vanguard. VEIRX is actively managed, while VDADX is passively managed. Over the past 10 years, VEIRX returned 11.82%/yr vs 13.01%/yr for VDADX. Their correlation of 0.91 means they have usually moved in the same direction. VEIRX charges 0.19%/yr vs 0.07%/yr for VDADX.

Performance

VEIRX vs. VDADX - Performance Comparison

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

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Returns By Period

In the year-to-date period, VEIRX achieves a 11.87% return, which is significantly higher than VDADX's 10.06% return. Over the past 10 years, VEIRX has underperformed VDADX with an annualized return of 11.82%, while VDADX has yielded a comparatively higher 13.01% annualized return.

VEIRX

1D
0.21%
1M
1.92%
6M
8.20%
YTD
11.87%
1Y
23.32%
3Y*
15.56%
5Y*
11.73%
10Y*
11.82%
ALL TIME*
9.07%

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%
*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

VEIRX

Vanguard Equity Income Fund Admiral Shares
$0.00$0.00$0.00

VEIRX vs. VDADX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VEIRX
Vanguard Equity Income Fund Admiral Shares		11.87%17.25%14.91%7.76%-0.08%25.49%3.08%25.34%-5.68%17.68%
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%

Correlation

The correlation between VEIRX and VDADX is 0.88, 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.

0.88

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

0.89

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

0.90

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

0.90

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

0.91

The correlation between VEIRX and VDADX has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

VEIRX vs. VDADX - Sectors Allocation Comparison

Sectors
VEIRX
VDADX

Financial Services

19.8%
20.3%

Healthcare

14.8%
17.8%

Technology

14.1%
26.9%

Industrials

9.4%
11.9%

Consumer Defensive

9.4%
9.2%

Energy

8.3%
3.0%

Utilities

7.0%
3.0%

Consumer Cyclical

5.8%
4.5%

Basic Materials

3.6%
3.4%

Communication Services

2.9%
0.5%

Real Estate

2.5%

-

Financial Services

VEIRX
19.8%
VDADX
20.3%

Healthcare

VEIRX
14.8%
VDADX
17.8%

Technology

VEIRX
14.1%
VDADX
26.9%

Industrials

VEIRX
9.4%
VDADX
11.9%

Consumer Defensive

VEIRX
9.4%
VDADX
9.2%

Energy

VEIRX
8.3%
VDADX
3.0%

Utilities

VEIRX
7.0%
VDADX
3.0%

Consumer Cyclical

VEIRX
5.8%
VDADX
4.5%

Basic Materials

VEIRX
3.6%
VDADX
3.4%

Communication Services

VEIRX
2.9%
VDADX
0.5%

Real Estate

VEIRX
2.5%
VDADX

-

Compare stocks, funds, or ETFs

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Vanguard Equity Income Fund Admiral Shares

Vanguard Dividend Appreciation Index Fund Admiral Shares

Often compared with VEIRX:
VEIRX vs. SCHDVEIRX vs. VFIAXVEIRX vs. VOOVEIRX vs. VWENXVEIRX vs. VWIAXVEIRX vs. VDIGXVEIRX vs. VWNFX
Often compared with VDADX:
VDADX vs. VIGVDADX vs. VDIGXVDADX vs. VFIAXVDADX vs. SCHDVDADX vs. VVIAXVDADX vs. VTSAXVDADX vs. VYM

Return for Risk

VEIRX vs. VDADX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VEIRX
VEIRX Risk / Return Rank: 8484
Overall Rank
VEIRX Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
VEIRX Sortino Ratio Rank: 8383
Sortino Ratio Rank
VEIRX Omega Ratio Rank: 8181
Omega Ratio Rank
VEIRX Calmar Ratio Rank: 8686
Calmar Ratio Rank
VEIRX Martin Ratio Rank: 8787
Martin Ratio Rank
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
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.

VEIRX vs. VDADX - Risk-Adjusted Trends Comparison

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

VEIRXVDADXDifference
Sharpe ratioReturn per unit of total volatility
2.02
1.72

+0.30

Sortino ratioReturn per unit of downside risk
2.90
2.49

+0.41

Omega ratioGain probability vs. loss probability

1.37

1.31

+0.06

Calmar ratioReturn relative to maximum drawdown

2.91

2.21

+0.70

Martin ratioReturn relative to average drawdown

10.99

8.99

+2.00

VEIRX vs. VDADX - Sharpe Ratio Comparison

The current VEIRX Sharpe Ratio is 2.02, which is comparable to the VDADX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of VEIRX and VDADX, 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

VEIRX vs. VDADX - Drawdown Comparison

The maximum VEIRX drawdown since its inception was -54.02%, which is greater than VDADX's maximum drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for VEIRX and VDADX.

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Drawdown Indicators

VEIRXVDADXDifference

Max Drawdown

Largest peak-to-trough decline

-54.02%

-31.70%

-22.32%

Max Drawdown (1Y)

Largest decline over 1 year

-7.13%

-7.93%

+0.80%

Max Drawdown (3Y)

Largest decline over 3 years

-13.36%

-14.95%

+1.59%

Max Drawdown (5Y)

Largest decline over 5 years

-15.12%

-20.42%

+5.30%

Max Drawdown (10Y)

Largest decline over 10 years

-35.26%

-31.70%

-3.56%

Current Drawdown

Current decline from peak

-0.85%

-0.67%

-0.18%

Average Drawdown

Average peak-to-trough decline

-6.46%

-3.37%

-3.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.90%

1.95%

-0.05%

Volatility

VEIRX vs. VDADX - Volatility Comparison

Vanguard Equity Income Fund Admiral Shares (VEIRX) and Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX) have volatilities of 2.57% 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

VEIRXVDADXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.57%

2.63%

-0.06%

Volatility (6M)

Calculated over the trailing 6-month period

7.39%

7.64%

-0.25%

Volatility (1Y)

Calculated over the trailing 1-year period

10.28%

10.19%

+0.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.84%

14.25%

-0.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.25%

16.16%

+0.09%

VEIRX vs. VDADX - Expense Ratio Comparison

VEIRX has a 0.19% expense ratio, which is higher than VDADX's 0.07% 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

VEIRX vs. VDADX - Dividend Comparison

VEIRX's dividend yield for the trailing twelve months is around 9.92%, more than VDADX's 1.47% 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%
VEIRX
Vanguard Equity Income Fund Admiral Shares		9.92%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

VEIRX and VDADX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VDADX has higher volatility (2.63%) compared to VEIRX (2.57%). In terms of maximum drawdown, VEIRX dropped -54.02% vs VDADX's -31.70%.

VEIRX currently has the higher Sharpe Ratio (2.02 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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