VIG vs. VOO

Last updated Apr 10, 2026

VIG (Vanguard Dividend Appreciation ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds — VIG is a Dividend fund tracking the NASDAQ US Dividend Achievers Select Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, VIG returned 12.83%/yr vs 14.72%/yr for VOO. Their correlation of 0.93 suggests significant overlap in exposure. VIG charges 0.04%/yr vs 0.03%/yr for VOO.

Performance

VIG vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Dividend Appreciation ETF (VIG) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIG achieves a 1.78% return, which is significantly higher than VOO's -0.02% return. Over the past 10 years, VIG has underperformed VOO with an annualized return of 12.83%, while VOO has yielded a comparatively higher 14.72% annualized return.

VIG

• 1D: 0.40%
• 1M: 0.92%
• YTD: 1.78%
• 6M: 3.58%
• 1Y: 21.40%
• 3Y*: 15.00%
• 5Y*: 10.13%
• 10Y*: 12.83%

VOO

• 1D: 0.59%
• 1M: 0.69%
• YTD: -0.02%
• 6M: 1.89%
• 1Y: 26.73%
• 3Y*: 20.02%
• 5Y*: 12.16%
• 10Y*: 14.72%

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

VIG vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIG Vanguard Dividend Appreciation ETF	1.78%	14.17%	16.99%	14.51%	-9.80%	23.76%	15.43%	29.62%	-2.08%	22.22%
VOO Vanguard S&P 500 ETF	-0.02%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between VIG and VOO is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010	0.93

The correlation between VIG and VOO has been stable across timeframes, ranging from 0.85 to 0.93 — a consistent structural relationship.

VIG vs. VOO - Expense Ratio Comparison

VIG has a 0.04% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Return for Risk

VIG vs. VOO — Risk / Return Rank

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

VIG

VIG Risk / Return Rank: 50
VIG Sharpe Ratio Rank: 43
VIG Sortino Ratio Rank: 43
VIG Omega Ratio Rank: 40
VIG Calmar Ratio Rank: 58
VIG Martin Ratio Rank: 65

VOO

VOO Risk / Return Rank: 57
VOO Sharpe Ratio Rank: 48
VOO Sortino Ratio Rank: 43
VOO Omega Ratio Rank: 46
VOO Calmar Ratio Rank: 67
VOO Martin Ratio Rank: 79

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Dividend Appreciation ETF (VIG) and Vanguard S&P 500 ETF (VOO). 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.

	VIG	VOO	Difference
Sharpe ratio Return per unit of total volatility	1.85	1.96	-0.12
Sortino ratio Return per unit of downside risk	2.66	2.69	-0.03
Omega ratio Gain probability vs. loss probability	1.34	1.37	-0.03
Calmar ratio Return relative to maximum drawdown	3.66	4.10	-0.44
Martin ratio Return relative to average drawdown	14.70	18.30	-3.60
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. VOO - Sharpe Ratio Comparison

The current VIG Sharpe Ratio is 1.85, which is comparable to the VOO Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of VIG and VOO, 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

	VIG	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	1.96	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.73	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.82	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.85	-0.27

Drawdowns

VIG vs. VOO - Drawdown Comparison

The maximum VIG drawdown since its inception was -46.81%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VIG and VOO.

Drawdown Indicators

	VIG	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-46.81%	-33.99%	-12.82%
Max Drawdown (1Y) Largest decline over 1 year	-7.91%	-8.90%	+0.99%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	-24.52%	+4.13%
Max Drawdown (10Y) Largest decline over 10 years	-31.72%	-33.99%	+2.27%
Current Drawdown Current decline from peak	-2.61%	-1.99%	-0.62%
Average Drawdown Average peak-to-trough decline	-5.55%	-3.72%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.99%	-0.02%

Volatility

VIG vs. VOO - Volatility Comparison

The current volatility for Vanguard Dividend Appreciation ETF (VIG) is 4.60%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.71%. This indicates that VIG experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIG	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	5.71%	-1.11%
Volatility (6M) Calculated over the trailing 6-month period	8.17%	9.80%	-1.63%
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	16.53%	-2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.29%	16.84%	-2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	18.00%	-1.95%

Dividends

VIG vs. VOO - Dividend Comparison

VIG's dividend yield for the trailing twelve months is around 1.55%, more than VOO's 1.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIG Vanguard Dividend Appreciation ETF	1.55%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%
VOO Vanguard S&P 500 ETF	1.14%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%