VGG.TO vs. DIR-UN.TO

Last updated Jun 4, 2026

VGG.TO (Vanguard U.S. Dividend Appreciation Index ETF) is Dividend fund tracking the S&P U.S. Dividend Growers Index, while DIR-UN.TO (Dream Industrial Real Estate Investment Trust) is a stock. Over the past 10 years, VGG.TO returned 13.46%/yr vs 12.06%/yr for DIR-UN.TO. At a 0.25 correlation, their price movements are largely independent.

Performance

VGG.TO vs. DIR-UN.TO - 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 Dream Industrial Real Estate Investment Trust (DIR-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGG.TO achieves a 8.57% return, which is significantly lower than DIR-UN.TO's 12.15% return. Over the past 10 years, VGG.TO has outperformed DIR-UN.TO with an annualized return of 13.46%, while DIR-UN.TO has yielded a comparatively lower 12.06% annualized 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%

DIR-UN.TO

• 1D: -0.72%
• 1M: 0.93%
• YTD: 12.15%
• 6M: 15.23%
• 1Y: 28.56%
• 3Y*: 4.95%
• 5Y*: 4.92%
• 10Y*: 12.06%

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

VGG.TO vs. DIR-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGG.TO Vanguard U.S. Dividend Appreciation Index ETF	8.57%	8.61%	26.49%	11.58%	-4.21%	22.23%	12.67%	23.32%	5.20%	13.99%
DIR-UN.TO Dream Industrial Real Estate Investment Trust	12.15%	13.03%	-10.72%	25.73%	-28.35%	37.23%	6.44%	46.18%	16.11%	11.72%

Correlation

The correlation between VGG.TO and DIR-UN.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Aug 13, 2013	0.25

The correlation between VGG.TO and DIR-UN.TO shifts across timeframes, from 0.25 (all time) to 0.36 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VGG.TO vs. DIR-UN.TO — 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

DIR-UN.TO

DIR-UN.TO Risk / Return Rank: 81
DIR-UN.TO Sharpe Ratio Rank: 82
DIR-UN.TO Sortino Ratio Rank: 79
DIR-UN.TO Omega Ratio Rank: 75
DIR-UN.TO Calmar Ratio Rank: 83
DIR-UN.TO Martin Ratio Rank: 87

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. DIR-UN.TO - 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 Dream Industrial Real Estate Investment Trust (DIR-UN.TO). 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	DIR-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.59	+0.45
Sortino ratio: Return per unit of downside risk	2.93	2.29	+0.64
Omega ratio: Gain probability vs. loss probability	1.36	1.27	+0.09
Calmar ratio: Return relative to maximum drawdown	2.94	3.26	-0.32
Martin ratio: Return relative to average drawdown	10.93	10.15	+0.78
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. DIR-UN.TO - Sharpe Ratio Comparison

The current VGG.TO Sharpe Ratio is 2.03, which is comparable to the DIR-UN.TO Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of VGG.TO and DIR-UN.TO, 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	DIR-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	1.59	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	0.23	+0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.53	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.40	+0.58

Drawdowns

VGG.TO vs. DIR-UN.TO - Drawdown Comparison

The maximum VGG.TO drawdown since its inception was -24.58%, smaller than the maximum DIR-UN.TO drawdown of -51.02%. Use the drawdown chart below to compare losses from any high point for VGG.TO and DIR-UN.TO.

Drawdown Indicators

	VGG.TO	DIR-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-24.58%	-51.02%	+26.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.07%	-8.80%	+1.73%
Max Drawdown (3Y) Largest decline over 3 years	-15.56%	-31.35%	+15.79%
Max Drawdown (5Y) Largest decline over 5 years	-18.52%	-37.72%	+19.20%
Max Drawdown (10Y) Largest decline over 10 years	-24.58%	-51.02%	+26.44%
Current Drawdown Current decline from peak	0.00%	-2.76%	+2.76%
Average Drawdown Average peak-to-trough decline	-2.93%	-10.85%	+7.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	2.82%	-0.93%

Volatility

VGG.TO vs. DIR-UN.TO - Volatility Comparison

The current volatility for Vanguard U.S. Dividend Appreciation Index ETF (VGG.TO) is 2.59%, while Dream Industrial Real Estate Investment Trust (DIR-UN.TO) has a volatility of 5.49%. This indicates that VGG.TO experiences smaller price fluctuations and is considered to be less risky than DIR-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGG.TO	DIR-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	5.49%	-2.90%
Volatility (6M) Calculated over the trailing 6-month period	7.86%	13.46%	-5.60%
Volatility (1Y) Calculated over the trailing 1-year period	10.23%	18.12%	-7.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.63%	21.18%	-8.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	22.84%	-7.87%

Dividends

VGG.TO vs. DIR-UN.TO - Dividend Comparison

VGG.TO's dividend yield for the trailing twelve months is around 1.02%, less than DIR-UN.TO's 5.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIR-UN.TO Dream Industrial Real Estate Investment Trust	5.07%	5.56%	5.93%	5.01%	5.99%	4.06%	5.32%	5.33%	7.35%	7.95%	8.21%	9.75%
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 DIR-UN.TO in my portfolio?

VGG.TO and DIR-UN.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.