VO vs. DIVB
VO (Vanguard Mid-Cap ETF) and DIVB (iShares Core Dividend ETF) are both exchange-traded funds - VO is a Mid Cap Blend Equities fund tracking the CRSP US Mid Cap Index, while DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, VO returned 7.79%/yr vs 12.24%/yr for DIVB. Their correlation of 0.88 suggests significant overlap in exposure. VO charges 0.03%/yr vs 0.05%/yr for DIVB.
Performance
VO vs. DIVB - Performance Comparison
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Returns By Period
In the year-to-date period, VO achieves a 10.43% return, which is significantly lower than DIVB's 17.67% return.
VO
- 1D
- 0.97%
- 1M
- 3.61%
- YTD
- 10.43%
- 6M
- 9.31%
- 1Y
- 18.17%
- 3Y*
- 15.74%
- 5Y*
- 7.79%
- 10Y*
- 11.77%
DIVB
- 1D
- 1.11%
- 1M
- 6.69%
- YTD
- 17.67%
- 6M
- 16.46%
- 1Y
- 28.26%
- 3Y*
- 21.12%
- 5Y*
- 12.24%
- 10Y*
- —
VO vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VO Vanguard Mid-Cap ETF | 10.43% | 11.62% | 15.31% | 16.03% | -18.73% | 24.70% | 18.10% | 30.98% | -9.24% | 3.96% |
DIVB iShares Core Dividend ETF | 17.67% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
Correlation
The correlation between VO and DIVB 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 | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.88 |
The correlation between VO and DIVB has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
VO vs. DIVB — Risk / Return Rank
VO
DIVB
VO vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap ETF (VO) and iShares Core Dividend ETF (DIVB). 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.
| VO | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.43 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 4.16 | -1.92 |
| Martin ratioReturn relative to average drawdown | 8.44 | 14.00 | -5.57 |
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Drawdowns
VO vs. DIVB - Drawdown Comparison
The maximum VO drawdown since its inception was -58.87%, which is greater than DIVB's maximum drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for VO and DIVB.
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Drawdown Indicators
| VO | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.87% | -36.93% | -21.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.17% | -6.82% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -19.02% | -15.45% | -3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -27.57% | -21.08% | -6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -39.37% | — | — |
Current DrawdownCurrent decline from peak | -0.45% | -0.66% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -4.98% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.03% | +0.13% |
Volatility
VO vs. DIVB - Volatility Comparison
Vanguard Mid-Cap ETF (VO) and iShares Core Dividend ETF (DIVB) have volatilities of 4.31% and 4.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VO | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 4.48% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 8.81% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 11.69% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 15.29% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.96% | 18.38% | +0.58% |
VO vs. DIVB - Expense Ratio Comparison
VO has a 0.03% expense ratio, which is lower than DIVB's 0.05% 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
VO vs. DIVB - Dividend Comparison
VO's dividend yield for the trailing twelve months is around 1.36%, less than DIVB's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.18% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
VO Vanguard Mid-Cap ETF | 1.36% | 1.52% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% |
Frequently Asked Questions
VO and DIVB have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (4.48%) compared to VO (4.31%). In terms of maximum drawdown, VO dropped -58.87% vs DIVB's -36.93%.
On 5-year performance, DIVB leads with 12.24% vs 7.79% for VO. On fees, VO is cheaper at 0.03% per year. On volatility, VO has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVB has performed better with a 12.24% return vs 7.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VO is cheaper with a 0.03% expense ratio, compared with 0.05% for DIVB.
DIVB has the higher dividend yield at 2.18%, compared with 1.36% for VO.
VO is categorized as Mid Cap Blend Equities, while DIVB is Dividend. VO tracks CRSP US Mid Cap Index, while DIVB tracks Morningstar US Dividend and Buyback Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.03% for VO and 0.05% for DIVB.
DIVB currently has the higher Sharpe Ratio (2.43 vs 1.43), 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.
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