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VIG vs. VIVAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIG vs. VIVAX

Last updated Apr 12, 2026

VIG (Vanguard Dividend Appreciation ETF) and VIVAX (Vanguard Value Index Fund) are both funds — VIG is a Dividend fund tracking the NASDAQ US Dividend Achievers Select Index, while VIVAX is a Large Cap Value Equities fund managed by Vanguard. Over the past 10 years, VIG returned 12.67%/yr vs 12.14%/yr for VIVAX. Their correlation of 0.93 suggests significant overlap in exposure. VIG charges 0.04%/yr vs 0.17%/yr for VIVAX.

Performance

VIG vs. VIVAX - Performance Comparison

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

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Returns By Period

In the year-to-date period, VIG achieves a 1.16% return, which is significantly lower than VIVAX's 6.81% return. Both investments have delivered pretty close results over the past 10 years, with VIG having a 12.67% annualized return and VIVAX not far behind at 12.14%.

VIG

1D
-0.61%
1M
2.20%
YTD
1.16%
6M
5.00%
1Y
21.84%
3Y*
14.67%
5Y*
10.00%
10Y*
12.67%

VIVAX

1D
0.48%
1M
3.43%
YTD
6.81%
6M
12.12%
1Y
27.82%
3Y*
15.67%
5Y*
11.09%
10Y*
12.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VIG vs. VIVAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIG
Vanguard Dividend Appreciation ETF		1.16%14.17%16.99%14.51%-9.80%23.76%15.43%29.62%-2.08%22.22%
VIVAX
Vanguard Value Index Fund		6.81%14.50%15.85%9.08%-2.18%26.32%2.18%25.66%-5.56%16.98%

Correlation

The correlation between VIG and VIVAX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.92

Correlation (5Y)
Calculated over the trailing 5-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Apr 28, 2006

0.93

The correlation between VIG and VIVAX has been stable across timeframes, ranging from 0.91 to 0.93 — a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Dividend Appreciation ETF

Vanguard Value Index Fund

Often compared with VIG:
VIG vs. SCHDVIG vs. VYMVIG vs. VOOVIG vs. DGROVIG vs. VDIGXVIG vs. VTIVIG vs. VTV
Often compared with VIVAX:
VIVAX vs. FXAIXVIVAX vs. VLCAXVIVAX vs. SCHDVIVAX vs. VOLMXVIVAX vs. VMVLXVIVAX vs. VEIPXVIVAX vs. SPY

Return for Risk

VIG vs. VIVAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIG
VIG Risk / Return Rank: 5959
Overall Rank
VIG Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
VIG Sortino Ratio Rank: 6161
Sortino Ratio Rank
VIG Omega Ratio Rank: 5454
Omega Ratio Rank
VIG Calmar Ratio Rank: 5959
Calmar Ratio Rank
VIG Martin Ratio Rank: 6565
Martin Ratio Rank
VIVAX
VIVAX Risk / Return Rank: 6363
Overall Rank
VIVAX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
VIVAX Sortino Ratio Rank: 4444
Sortino Ratio Rank
VIVAX Omega Ratio Rank: 3838
Omega Ratio Rank
VIVAX Calmar Ratio Rank: 9191
Calmar Ratio Rank
VIVAX Martin Ratio Rank: 8989
Martin Ratio Rank
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. VIVAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Dividend Appreciation ETF (VIG) and Vanguard Value Index Fund (VIVAX). 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.

VIGVIVAXDifference

Sharpe ratio

Return per unit of total volatility

2.12

2.33

-0.21

Sortino ratio

Return per unit of downside risk

3.12

3.28

-0.16

Omega ratio

Gain probability vs. loss probability

1.38

1.42

-0.04

Calmar ratio

Return relative to maximum drawdown

3.74

5.17

-1.43

Martin ratio

Return relative to average drawdown

14.96

19.29

-4.33

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIG vs. VIVAX - Sharpe Ratio Comparison

The current VIG Sharpe Ratio is 2.12, which is comparable to the VIVAX Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of VIG and VIVAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VIGVIVAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.12

2.33

-0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.70

0.80

-0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

0.73

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.55

+0.03

Drawdowns

VIG vs. VIVAX - Drawdown Comparison

The maximum VIG drawdown since its inception was -46.81%, smaller than the maximum VIVAX drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for VIG and VIVAX.

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Drawdown Indicators

VIGVIVAXDifference

Max Drawdown

Largest peak-to-trough decline

-46.81%

-59.38%

+12.57%

Max Drawdown (1Y)

Largest decline over 1 year

-7.91%

-6.37%

-1.54%

Max Drawdown (5Y)

Largest decline over 5 years

-20.39%

-17.17%

-3.22%

Max Drawdown (10Y)

Largest decline over 10 years

-31.72%

-36.81%

+5.09%

Current Drawdown

Current decline from peak

-3.20%

-1.57%

-1.63%

Average Drawdown

Average peak-to-trough decline

-5.55%

-8.11%

+2.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

1.71%

+0.27%

Volatility

VIG vs. VIVAX - Volatility Comparison

Vanguard Dividend Appreciation ETF (VIG) has a higher volatility of 4.64% compared to Vanguard Value Index Fund (VIVAX) at 3.98%. This indicates that VIG's price experiences larger fluctuations and is considered to be riskier than VIVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VIGVIVAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.64%

3.98%

+0.66%

Volatility (6M)

Calculated over the trailing 6-month period

8.19%

7.99%

+0.20%

Volatility (1Y)

Calculated over the trailing 1-year period

11.71%

13.11%

-1.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.28%

13.95%

+0.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.06%

16.74%

-0.68%

VIG vs. VIVAX - Expense Ratio Comparison

VIG has a 0.04% expense ratio, which is lower than VIVAX's 0.17% 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%.

Dividends

VIG vs. VIVAX - Dividend Comparison

VIG's dividend yield for the trailing twelve months is around 1.56%, less than VIVAX's 1.84% yield.

TTM20252024202320222021202020192018201720162015
VIG
Vanguard Dividend Appreciation ETF		1.56%1.62%1.73%1.88%1.96%1.55%1.63%1.71%2.08%1.88%2.14%2.34%
VIVAX
Vanguard Value Index Fund		1.84%1.42%2.19%2.33%2.39%2.02%2.43%2.39%2.59%2.18%2.33%2.46%