VGG.TO vs. BDVG

Last updated Jun 4, 2026

VGG.TO (Vanguard U.S. Dividend Appreciation Index ETF) and BDVG (iMGP Berkshire Dividend Growth ETF) are both exchange-traded funds - VGG.TO is a Dividend fund tracking the S&P U.S. Dividend Growers Index, while BDVG is a Large Cap Value Equities fund actively managed by iMGP. VGG.TO is passively managed, while BDVG is actively managed. Over the past year, VGG.TO returned 20.66% vs 25.53% for BDVG. Their correlation of 0.81 suggests significant overlap in exposure. VGG.TO charges 0.30%/yr vs 0.55%/yr for BDVG.

Performance

VGG.TO vs. BDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard U.S. Dividend Appreciation Index ETF (VGG.TO) and iMGP Berkshire Dividend Growth ETF (BDVG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VGG.TO is traded in CAD, while BDVG is traded in USD. To make them comparable, the BDVG values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VGG.TO achieves a 8.57% return, which is significantly lower than BDVG's 14.15% return.

VGG.TO

• 1D: 0.23%
• 1M: 6.00%
• YTD: 8.57%
• 6M: 6.30%
• 1Y: 20.66%
• 3Y*: 17.22%
• 5Y*: 13.16%
• 10Y*: 13.46%

BDVG

• 1D: 0.01%
• 1M: 9.05%
• YTD: 14.15%
• 6M: 12.07%
• 1Y: 25.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VGG.TO vs. BDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VGG.TO Vanguard U.S. Dividend Appreciation Index ETF	8.57%	8.61%	26.49%	5.42%
BDVG iMGP Berkshire Dividend Growth ETF	14.15%	8.59%	21.35%	3.27%

Correlation

The correlation between VGG.TO and BDVG is 0.77, 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	0.77
Correlation (All Time) Calculated using the full available price history since Jul 3, 2023	0.81

The correlation between VGG.TO and BDVG has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

VGG.TO vs. BDVG - Sectors Allocation Comparison

Sectors	VGG.TO	BDVG
Technology	26.2%	18.2%
Financial Services	20.6%	17.0%
Healthcare	16.5%	9.8%
Industrials	11.8%	18.6%
Consumer Defensive	10.1%	11.6%
Consumer Cyclical	4.7%	6.2%
Energy	3.5%	10.5%
Basic Materials	3.5%	3.7%
Utilities	3.2%	3.1%
Communication Services	0.5%	0.6%
Real Estate	-	1.3%

Return for Risk

VGG.TO vs. BDVG — Risk / Return Rank

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

VGG.TO

VGG.TO Risk / Return Rank: 59
VGG.TO Sharpe Ratio Rank: 59
VGG.TO Sortino Ratio Rank: 61
VGG.TO Omega Ratio Rank: 58
VGG.TO Calmar Ratio Rank: 58
VGG.TO Martin Ratio Rank: 60

BDVG

BDVG Risk / Return Rank: 74
BDVG Sharpe Ratio Rank: 74
BDVG Sortino Ratio Rank: 78
BDVG Omega Ratio Rank: 73
BDVG Calmar Ratio Rank: 72
BDVG Martin Ratio Rank: 74

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.

VGG.TO vs. BDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Dividend Appreciation Index ETF (VGG.TO) and iMGP Berkshire Dividend Growth ETF (BDVG). 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.

	VGG.TO	BDVG	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.57	-0.54
Sortino ratio: Return per unit of downside risk	2.93	3.71	-0.78
Omega ratio: Gain probability vs. loss probability	1.36	1.46	-0.10
Calmar ratio: Return relative to maximum drawdown	2.94	4.02	-1.09
Martin ratio: Return relative to average drawdown	10.93	16.15	-5.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGG.TO vs. BDVG - Sharpe Ratio Comparison

The current VGG.TO Sharpe Ratio is 2.03, which is comparable to the BDVG Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of VGG.TO and BDVG, 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

	VGG.TO	BDVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	2.57	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	1.42	-0.44

Drawdowns

VGG.TO vs. BDVG - Drawdown Comparison

The maximum VGG.TO drawdown since its inception was -24.58%, which is greater than BDVG's maximum drawdown of -15.08%. Use the drawdown chart below to compare losses from any high point for VGG.TO and BDVG.

Drawdown Indicators

	VGG.TO	BDVG	Difference
Max Drawdown Largest peak-to-trough decline	-24.58%	-15.08%	-9.50%
Max Drawdown (1Y) Largest decline over 1 year	-7.07%	-6.37%	-0.70%
Max Drawdown (3Y) Largest decline over 3 years	-15.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.52%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.58%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.93%	-2.10%	-0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	1.59%	+0.30%

Volatility

VGG.TO vs. BDVG - Volatility Comparison

The current volatility for Vanguard U.S. Dividend Appreciation Index ETF (VGG.TO) is 2.59%, while iMGP Berkshire Dividend Growth ETF (BDVG) has a volatility of 3.03%. This indicates that VGG.TO experiences smaller price fluctuations and is considered to be less risky than BDVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGG.TO	BDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	3.03%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	7.86%	7.75%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	10.23%	9.98%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.63%	11.54%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	11.54%	+3.43%

VGG.TO vs. BDVG - Expense Ratio Comparison

VGG.TO has a 0.30% expense ratio, which is lower than BDVG's 0.55% expense ratio.

Dividends

VGG.TO vs. BDVG - Dividend Comparison

VGG.TO's dividend yield for the trailing twelve months is around 1.02%, less than BDVG's 1.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDVG iMGP Berkshire Dividend Growth ETF	1.52%	1.75%	1.69%	0.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGG.TO Vanguard U.S. Dividend Appreciation Index ETF	1.02%	1.16%	1.23%	1.37%	1.35%	1.21%	1.25%	1.24%	1.50%	1.46%	1.63%	1.70%

Frequently Asked Questions

Can I hold both VGG.TO and BDVG in my portfolio?

VGG.TO and BDVG have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VGG.TO or BDVG?

On fees, VGG.TO is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VGG.TO or BDVG?

VGG.TO is cheaper with a 0.30% expense ratio, compared with 0.55% for BDVG.

What is the main difference between VGG.TO and BDVG?

VGG.TO is categorized as Dividend, while BDVG is Large Cap Value Equities. They also come from different issuers: Vanguard and iMGP. Their fees differ too: 0.30% for VGG.TO and 0.55% for BDVG.