VIG vs. VV

Last updated Jun 4, 2026

VIG (Vanguard Dividend Appreciation ETF) and VV (Vanguard Large-Cap ETF) are both exchange-traded funds - VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index, while VV is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Index. Both are passively managed. Over the past 10 years, VIG returned 13.23%/yr vs 15.58%/yr for VV. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.04% expense ratio.

Performance

VIG vs. VV - Performance Comparison

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

Returns By Period

In the year-to-date period, VIG achieves a 7.57% return, which is significantly lower than VV's 10.69% return. Over the past 10 years, VIG has underperformed VV with an annualized return of 13.23%, while VV has yielded a comparatively higher 15.58% annualized return.

VIG

• 1D: -0.19%
• 1M: 3.79%
• YTD: 7.57%
• 6M: 6.99%
• 1Y: 19.63%
• 3Y*: 16.49%
• 5Y*: 10.62%
• 10Y*: 13.23%

VV

• 1D: -0.72%
• 1M: 5.19%
• YTD: 10.69%
• 6M: 10.54%
• 1Y: 27.77%
• 3Y*: 22.68%
• 5Y*: 13.54%
• 10Y*: 15.58%

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

VIG vs. VV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIG Vanguard Dividend Appreciation ETF	7.57%	14.17%	16.99%	14.51%	-9.80%	23.76%	15.43%	29.62%	-2.08%	22.22%
VV Vanguard Large-Cap ETF	10.69%	18.11%	25.25%	27.18%	-19.91%	27.41%	21.04%	31.25%	-4.46%	22.00%

Correlation

The correlation between VIG and VV is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006	0.93

The correlation between VIG and VV shifts across timeframes, from 0.82 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

VIG vs. VV - Sectors Allocation Comparison

Sectors	VIG	VV
Technology	26.2%	35.9%
Financial Services	20.6%	11.8%
Healthcare	16.5%	8.6%
Industrials	11.8%	8.0%
Consumer Defensive	10.1%	4.8%
Consumer Cyclical	4.7%	9.8%
Energy	3.5%	3.6%
Basic Materials	3.5%	1.6%
Utilities	3.2%	2.7%
Communication Services	0.5%	11.2%
Real Estate	-	1.7%

Return for Risk

VIG vs. VV — Risk / Return Rank

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

VIG

VIG Risk / Return Rank: 56
VIG Sharpe Ratio Rank: 57
VIG Sortino Ratio Rank: 60
VIG Omega Ratio Rank: 56
VIG Calmar Ratio Rank: 50
VIG Martin Ratio Rank: 56

VV

VV Risk / Return Rank: 67
VV Sharpe Ratio Rank: 69
VV Sortino Ratio Rank: 68
VV Omega Ratio Rank: 68
VV Calmar Ratio Rank: 60
VV Martin Ratio Rank: 72

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. VV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Dividend Appreciation ETF (VIG) and Vanguard Large-Cap ETF (VV). 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	VV	Difference
Sharpe ratio: Return per unit of total volatility	1.97	2.33	-0.35
Sortino ratio: Return per unit of downside risk	2.88	3.18	-0.30
Omega ratio: Gain probability vs. loss probability	1.35	1.42	-0.07
Calmar ratio: Return relative to maximum drawdown	2.49	3.03	-0.54
Martin ratio: Return relative to average drawdown	10.06	13.86	-3.79
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. VV - Sharpe Ratio Comparison

The current VIG Sharpe Ratio is 1.97, which is comparable to the VV Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of VIG and VV, 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	VV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	2.33	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.79	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.86	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.59	0.00

Drawdowns

VIG vs. VV - Drawdown Comparison

The maximum VIG drawdown since its inception was -46.81%, smaller than the maximum VV drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for VIG and VV.

Drawdown Indicators

	VIG	VV	Difference
Max Drawdown Largest peak-to-trough decline	-46.81%	-54.81%	+8.00%
Max Drawdown (1Y) Largest decline over 1 year	-7.91%	-9.21%	+1.30%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-18.97%	+4.02%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	-25.66%	+5.27%
Max Drawdown (10Y) Largest decline over 10 years	-31.72%	-34.28%	+2.56%
Current Drawdown Current decline from peak	-0.19%	-0.72%	+0.53%
Average Drawdown Average peak-to-trough decline	-5.51%	-6.84%	+1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	2.01%	-0.05%

Volatility

VIG vs. VV - Volatility Comparison

The current volatility for Vanguard Dividend Appreciation ETF (VIG) is 2.19%, while Vanguard Large-Cap ETF (VV) has a volatility of 2.84%. This indicates that VIG experiences smaller price fluctuations and is considered to be less risky than VV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIG	VV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.19%	2.84%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	7.57%	8.98%	-1.41%
Volatility (1Y) Calculated over the trailing 1-year period	10.01%	11.99%	-1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.23%	17.22%	-2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	18.19%	-2.14%

VIG vs. VV - Expense Ratio Comparison

Both VIG and VV have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VIG vs. VV - Dividend Comparison

VIG's dividend yield for the trailing twelve months is around 1.47%, more than VV's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VV Vanguard Large-Cap ETF	0.98%	1.08%	1.24%	1.41%	1.66%	1.19%	1.46%	1.81%	2.09%	1.75%	1.98%	1.96%

Frequently Asked Questions

Can I hold both VIG and VV in my portfolio?

VIG and VV have a correlation of 0.82, 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 VV?

VV has higher volatility (2.84%) compared to VIG (2.19%). In terms of maximum drawdown, VIG dropped -46.81% vs VV's -54.81%.

Which ETF is better, VIG or VV?

On 10-year performance, VV leads with 15.58% vs 13.23% for VIG. Both ETFs have the same 0.04% expense ratio. On volatility, VIG has been the lower-risk option at 2.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VIG or VV?

Over the 10-year period, VV has performed better with a 15.58% return vs 13.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VIG or VV?

VIG and VV have the same expense ratio: 0.04% per year.

Which ETF pays a higher dividend yield, VIG or VV?

VIG has the higher dividend yield at 1.47%, compared with 0.98% for VV.

What is the main difference between VIG and VV?

VIG is categorized as Dividend, while VV is Large Cap Growth Equities. VIG tracks S&P U.S. Dividend Growers Index, while VV tracks CRSP US Large Cap Index.

Which has better risk-adjusted returns?

VV currently has the higher Sharpe Ratio (2.33 vs 1.97), 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.