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VHYAX vs. VDIGX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VHYAX vs. VDIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) and Vanguard Dividend Growth Fund (VDIGX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
13.04%
6.81%
VHYAX
VDIGX

Returns By Period

In the year-to-date period, VHYAX achieves a 21.17% return, which is significantly higher than VDIGX's 11.92% return.


VHYAX

YTD

21.17%

1M

1.78%

6M

13.04%

1Y

29.24%

5Y (annualized)

11.15%

10Y (annualized)

N/A

VDIGX

YTD

11.92%

1M

-1.90%

6M

6.81%

1Y

16.75%

5Y (annualized)

10.79%

10Y (annualized)

10.79%

Key characteristics


VHYAXVDIGX
Sharpe Ratio2.801.98
Sortino Ratio3.962.73
Omega Ratio1.511.35
Calmar Ratio5.713.62
Martin Ratio17.9410.27
Ulcer Index1.66%1.69%
Daily Std Dev10.62%8.76%
Max Drawdown-35.14%-45.23%
Current Drawdown-0.22%-3.15%

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VHYAX vs. VDIGX - Expense Ratio Comparison

VHYAX has a 0.08% expense ratio, which is lower than VDIGX's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


VDIGX
Vanguard Dividend Growth Fund
Expense ratio chart for VDIGX: current value at 0.27% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.27%
Expense ratio chart for VHYAX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Correlation

-0.50.00.51.00.9

The correlation between VHYAX and VDIGX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Risk-Adjusted Performance

VHYAX vs. VDIGX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) and Vanguard Dividend Growth Fund (VDIGX). 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.


Sharpe ratio
The chart of Sharpe ratio for VHYAX, currently valued at 2.80, compared to the broader market-1.000.001.002.003.004.005.002.801.98
The chart of Sortino ratio for VHYAX, currently valued at 3.96, compared to the broader market0.005.0010.003.962.73
The chart of Omega ratio for VHYAX, currently valued at 1.51, compared to the broader market1.002.003.004.001.511.35
The chart of Calmar ratio for VHYAX, currently valued at 5.71, compared to the broader market0.005.0010.0015.0020.005.713.62
The chart of Martin ratio for VHYAX, currently valued at 17.94, compared to the broader market0.0020.0040.0060.0080.00100.0017.9410.27
VHYAX
VDIGX

The current VHYAX Sharpe Ratio is 2.80, which is higher than the VDIGX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of VHYAX and VDIGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.80
1.98
VHYAX
VDIGX

Dividends

VHYAX vs. VDIGX - Dividend Comparison

VHYAX's dividend yield for the trailing twelve months is around 2.72%, more than VDIGX's 1.65% yield.


TTM20232022202120202019201820172016201520142013
VHYAX
Vanguard High Dividend Yield Index Fund Admiral Shares
2.72%3.10%2.98%2.74%3.16%3.00%0.00%0.00%0.00%0.00%0.00%0.00%
VDIGX
Vanguard Dividend Growth Fund
1.65%1.69%1.67%1.46%1.62%1.72%2.15%1.92%1.92%1.93%1.91%1.80%

Drawdowns

VHYAX vs. VDIGX - Drawdown Comparison

The maximum VHYAX drawdown since its inception was -35.14%, smaller than the maximum VDIGX drawdown of -45.23%. Use the drawdown chart below to compare losses from any high point for VHYAX and VDIGX. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.22%
-3.15%
VHYAX
VDIGX

Volatility

VHYAX vs. VDIGX - Volatility Comparison

Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) has a higher volatility of 3.91% compared to Vanguard Dividend Growth Fund (VDIGX) at 2.51%. This indicates that VHYAX's price experiences larger fluctuations and is considered to be riskier than VDIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%JuneJulyAugustSeptemberOctoberNovember
3.91%
2.51%
VHYAX
VDIGX