VO vs. VIG
Compare and contrast key facts about Vanguard Mid-Cap ETF (VO) and Vanguard Dividend Appreciation ETF (VIG).
VO and VIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004. VIG is a passively managed fund by Vanguard that tracks the performance of the NASDAQ US Dividend Achievers Select Index. It was launched on Dec 19, 2013. Both VO and VIG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VO vs. VIG - Performance Comparison
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VO vs. VIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VO Vanguard Mid-Cap ETF | -0.68% | 11.62% | 15.31% | 16.03% | -18.73% | 24.70% | 18.10% | 30.98% | -9.24% | 19.28% |
VIG Vanguard Dividend Appreciation ETF | -1.77% | 14.17% | 16.99% | 14.51% | -9.80% | 23.76% | 15.43% | 29.62% | -2.08% | 22.22% |
Returns By Period
In the year-to-date period, VO achieves a -0.68% return, which is significantly higher than VIG's -1.77% return. Over the past 10 years, VO has underperformed VIG with an annualized return of 10.67%, while VIG has yielded a comparatively higher 12.25% annualized return.
VO
- 1D
- 2.22%
- 1M
- -5.86%
- YTD
- -0.68%
- 6M
- -1.48%
- 1Y
- 12.73%
- 3Y*
- 12.61%
- 5Y*
- 6.66%
- 10Y*
- 10.67%
VIG
- 1D
- 2.07%
- 1M
- -5.18%
- YTD
- -1.77%
- 6M
- 0.45%
- 1Y
- 12.67%
- 3Y*
- 13.80%
- 5Y*
- 9.76%
- 10Y*
- 12.25%
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VO vs. VIG - Expense Ratio Comparison
Both VO and VIG 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%.
Return for Risk
VO vs. VIG — Risk / Return Rank
VO
VIG
VO vs. VIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap ETF (VO) and Vanguard Dividend Appreciation ETF (VIG). 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.
| VO | VIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 0.83 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.12 | 1.28 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.28 | -0.23 |
Martin ratioReturn relative to average drawdown | 4.84 | 5.73 | -0.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VO | VIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.83 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.69 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.77 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.57 | -0.09 |
Correlation
The correlation between VO and VIG is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VO vs. VIG - Dividend Comparison
VO's dividend yield for the trailing twelve months is around 1.51%, less than VIG's 1.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VO Vanguard Mid-Cap ETF | 1.51% | 1.52% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% |
VIG Vanguard Dividend Appreciation ETF | 1.61% | 1.62% | 1.73% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% |
Drawdowns
VO vs. VIG - Drawdown Comparison
The maximum VO drawdown since its inception was -58.87%, which is greater than VIG's maximum drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for VO and VIG.
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Drawdown Indicators
| VO | VIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.87% | -46.81% | -12.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.74% | -10.83% | -1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -27.57% | -20.39% | -7.18% |
Max Drawdown (10Y)Largest decline over 10 years | -39.37% | -31.72% | -7.65% |
Current DrawdownCurrent decline from peak | -6.12% | -6.00% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -5.55% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.42% | +0.34% |
Volatility
VO vs. VIG - Volatility Comparison
Vanguard Mid-Cap ETF (VO) has a higher volatility of 4.89% compared to Vanguard Dividend Appreciation ETF (VIG) at 4.07%. This indicates that VO's price experiences larger fluctuations and is considered to be riskier than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VO | VIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 4.07% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 9.72% | 7.84% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.57% | 15.31% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 14.26% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.94% | 16.05% | +2.89% |