VIG vs. TRRIX

Last updated Jun 13, 2026

VIG (Vanguard Dividend Appreciation ETF) and TRRIX (T. Rowe Price Retirement Balanced Fund) are both funds - VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index, while TRRIX is a Diversified Portfolio fund managed by T. Rowe Price. Over the past 10 years, VIG returned 13.24%/yr vs 6.61%/yr for TRRIX. Their correlation of 0.86 suggests significant overlap in exposure. VIG charges 0.04%/yr vs 0.49%/yr for TRRIX.

Performance

VIG vs. TRRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Dividend Appreciation ETF (VIG) and T. Rowe Price Retirement Balanced Fund (TRRIX). 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 higher than TRRIX's 4.46% return. Over the past 10 years, VIG has outperformed TRRIX with an annualized return of 13.24%, while TRRIX has yielded a comparatively lower 6.61% 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%

TRRIX

• 1D: 1.04%
• 1M: 0.03%
• YTD: 4.46%
• 6M: 5.00%
• 1Y: 11.14%
• 3Y*: 10.52%
• 5Y*: 4.83%
• 10Y*: 6.61%

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

VIG vs. TRRIX - 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%
TRRIX T. Rowe Price Retirement Balanced Fund	4.46%	11.02%	9.96%	11.57%	-13.16%	8.63%	11.48%	15.32%	-3.29%	10.38%

Correlation

The correlation between VIG and TRRIX is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Apr 27, 2006	0.86

The correlation between VIG and TRRIX shifts across timeframes, from 0.75 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VIG vs. TRRIX — 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

TRRIX

TRRIX Risk / Return Rank: 67
TRRIX Sharpe Ratio Rank: 66
TRRIX Sortino Ratio Rank: 69
TRRIX Omega Ratio Rank: 72
TRRIX Calmar Ratio Rank: 60
TRRIX Martin Ratio Rank: 65

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. TRRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Dividend Appreciation ETF (VIG) and T. Rowe Price Retirement Balanced Fund (TRRIX). 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	TRRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.89	-0.09
Sortino ratio: Return per unit of downside risk	2.61	2.74	-0.12
Omega ratio: Gain probability vs. loss probability	1.32	1.37	-0.05
Calmar ratio: Return relative to maximum drawdown	2.32	2.43	-0.12
Martin ratio: Return relative to average drawdown	9.34	10.06	-0.72

VIG vs. TRRIX - Sharpe Ratio Comparison

The current VIG Sharpe Ratio is 1.80, which is comparable to the TRRIX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of VIG and TRRIX, 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. TRRIX - Drawdown Comparison

The maximum VIG drawdown since its inception was -46.81%, which is greater than TRRIX's maximum drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for VIG and TRRIX.

Drawdown Indicators

	VIG	TRRIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.81%	-27.77%	-19.04%
Max Drawdown (1Y) Largest decline over 1 year	-7.91%	-4.85%	-3.06%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-6.10%	-8.85%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	-18.13%	-2.26%
Max Drawdown (10Y) Largest decline over 10 years	-31.72%	-18.57%	-13.15%
Current Drawdown Current decline from peak	-0.33%	-0.95%	+0.62%
Average Drawdown Average peak-to-trough decline	-5.51%	-2.83%	-2.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.16%	+0.80%

Volatility

VIG vs. TRRIX - Volatility Comparison

Vanguard Dividend Appreciation ETF (VIG) has a higher volatility of 2.93% compared to T. Rowe Price Retirement Balanced Fund (TRRIX) at 2.45%. This indicates that VIG's price experiences larger fluctuations and is considered to be riskier than TRRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIG	TRRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	2.45%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	7.78%	5.24%	+2.54%
Volatility (1Y) Calculated over the trailing 1-year period	10.19%	6.24%	+3.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.25%	7.15%	+7.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.06%	7.24%	+8.82%

VIG vs. TRRIX - Expense Ratio Comparison

VIG has a 0.04% expense ratio, which is lower than TRRIX's 0.49% expense ratio.

Dividends

VIG vs. TRRIX - Dividend Comparison

VIG's dividend yield for the trailing twelve months is around 1.47%, less than TRRIX's 4.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRRIX T. Rowe Price Retirement Balanced Fund	4.68%	4.86%	5.78%	4.32%	10.15%	12.67%	9.27%	3.39%	7.01%	5.07%	3.40%	3.44%
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 TRRIX in my portfolio?

VIG and TRRIX have a correlation of 0.75, 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 TRRIX?

VIG has higher volatility (2.93%) compared to TRRIX (2.45%). In terms of maximum drawdown, VIG dropped -46.81% vs TRRIX's -27.77%.

Which has better risk-adjusted returns?

TRRIX currently has the higher Sharpe Ratio (1.89 vs 1.80), 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.