VIG vs. O

Last updated Jun 13, 2026

VIG (Vanguard Dividend Appreciation ETF) is Dividend fund tracking the S&P U.S. Dividend Growers Index, while O (Realty Income Corporation) is a stock. Over the past 10 years, VIG returned 13.24%/yr vs 4.89%/yr for O. At a 0.50 correlation, their price movements are largely independent.

Performance

VIG vs. O - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Dividend Appreciation ETF (VIG) and Realty Income Corporation (O). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIG achieves a 7.68% return, which is significantly lower than O's 13.70% return. Over the past 10 years, VIG has outperformed O with an annualized return of 13.24%, while O has yielded a comparatively lower 4.89% annualized return.

VIG

• 1D: 0.53%
• 1M: 3.08%
• YTD: 7.68%
• 6M: 6.99%
• 1Y: 18.23%
• 3Y*: 15.98%
• 5Y*: 10.74%
• 10Y*: 13.24%

O

• 1D: 1.31%
• 1M: 2.40%
• YTD: 13.70%
• 6M: 11.57%
• 1Y: 14.25%
• 3Y*: 6.59%
• 5Y*: 3.49%
• 10Y*: 4.89%

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

VIG vs. O - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIG Vanguard Dividend Appreciation ETF	7.68%	14.17%	16.99%	14.51%	-9.80%	23.76%	15.43%	29.62%	-2.08%	22.22%
O Realty Income Corporation	13.70%	12.20%	-2.11%	-4.55%	-7.38%	23.95%	-11.60%	21.27%	15.94%	3.67%

Correlation

The correlation between VIG and O is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Apr 27, 2006	0.50

Over the past year, the correlation between VIG and O has dropped to 0.20 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

VIG vs. O — Risk / Return Rank

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

VIG

VIG Risk / Return Rank: 60
VIG Sharpe Ratio Rank: 63
VIG Sortino Ratio Rank: 66
VIG Omega Ratio Rank: 61
VIG Calmar Ratio Rank: 53
VIG Martin Ratio Rank: 60

O

O Risk / Return Rank: 66
O Sharpe Ratio Rank: 71
O Sortino Ratio Rank: 62
O Omega Ratio Rank: 61
O Calmar Ratio Rank: 68
O Martin Ratio Rank: 69

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.

VIG vs. O - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Dividend Appreciation ETF (VIG) and Realty Income Corporation (O). 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.

	VIG	O	Difference
Sharpe ratio: Return per unit of total volatility	1.80	0.88	+0.92
Sortino ratio: Return per unit of downside risk	2.61	1.26	+1.36
Omega ratio: Gain probability vs. loss probability	1.32	1.15	+0.16
Calmar ratio: Return relative to maximum drawdown	2.32	1.29	+1.03
Martin ratio: Return relative to average drawdown	9.34	3.12	+6.22

VIG vs. O - Sharpe Ratio Comparison

The current VIG Sharpe Ratio is 1.80, which is higher than the O Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of VIG and O, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VIG vs. O - Drawdown Comparison

The maximum VIG drawdown since its inception was -46.81%, roughly equal to the maximum O drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for VIG and O.

Drawdown Indicators

	VIG	O	Difference
Max Drawdown Largest peak-to-trough decline	-46.81%	-48.45%	+1.64%
Max Drawdown (1Y) Largest decline over 1 year	-7.91%	-11.10%	+3.19%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-26.49%	+11.54%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	-34.48%	+14.09%
Max Drawdown (10Y) Largest decline over 10 years	-31.72%	-48.28%	+16.56%
Current Drawdown Current decline from peak	-0.33%	-5.94%	+5.61%
Average Drawdown Average peak-to-trough decline	-5.51%	-9.20%	+3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	4.58%	-2.62%

Volatility

VIG vs. O - Volatility Comparison

The current volatility for Vanguard Dividend Appreciation ETF (VIG) is 2.93%, while Realty Income Corporation (O) has a volatility of 5.29%. This indicates that VIG experiences smaller price fluctuations and is considered to be less risky than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIG	O	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	5.29%	-2.36%
Volatility (6M) Calculated over the trailing 6-month period	7.78%	11.98%	-4.20%
Volatility (1Y) Calculated over the trailing 1-year period	10.19%	16.21%	-6.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.25%	18.92%	-4.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.06%	25.64%	-9.58%

Dividends

VIG vs. O - Dividend Comparison

VIG's dividend yield for the trailing twelve months is around 1.47%, less than O's 5.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
O Realty Income Corporation	5.16%	6.19%	5.37%	5.33%	4.68%	3.87%	4.51%	3.69%	4.19%	4.45%	4.18%	4.41%
VIG Vanguard Dividend Appreciation ETF	1.47%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%

Frequently Asked Questions

Can I hold both VIG and O in my portfolio?

VIG and O have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIG or O?

O has higher volatility (5.29%) compared to VIG (2.93%). In terms of maximum drawdown, VIG dropped -46.81% vs O's -48.45%.

Which has better risk-adjusted returns?

VIG currently has the higher Sharpe Ratio (1.80 vs 0.88), 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.