VOE vs. VIG
Compare and contrast key facts about Vanguard Mid-Cap Value ETF (VOE) and Vanguard Dividend Appreciation ETF (VIG).
VOE and VIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. VIG is a passively managed fund by Vanguard that tracks the performance of the NASDAQ US Dividend Achievers Select Index. It was launched on Apr 21, 2006. Both VOE 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VOE or VIG.
Key characteristics
| VOE | VIG | |
|---|---|---|
| YTD Return | 3.06% | 2.74% |
| 1Y Return | 14.81% | 13.77% |
| 3Y Return (Ann) | 4.10% | 6.49% |
| 5Y Return (Ann) | 8.36% | 11.08% |
| 10Y Return (Ann) | 8.38% | 10.90% |
| Sharpe Ratio | 1.01 | 1.29 |
| Daily Std Dev | 12.94% | 9.86% |
| Max Drawdown | -61.55% | -46.81% |
| Current Drawdown | -4.60% | -4.72% |
Correlation
The correlation between VOE and VIG is 0.89, 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.
Performance
VOE vs. VIG - Performance Comparison
In the year-to-date period, VOE achieves a 3.06% return, which is significantly higher than VIG's 2.74% return. Over the past 10 years, VOE has underperformed VIG with an annualized return of 8.38%, while VIG has yielded a comparatively higher 10.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VOE vs. VIG - Expense Ratio Comparison
VOE has a 0.07% expense ratio, which is higher than VIG's 0.06% 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%.
Risk-Adjusted Performance
VOE vs. VIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Value ETF (VOE) 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.
Dividends
VOE vs. VIG - Dividend Comparison
VOE's dividend yield for the trailing twelve months is around 2.24%, more than VIG's 1.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOE Vanguard Mid-Cap Value ETF | 2.24% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
VIG Vanguard Dividend Appreciation ETF | 1.85% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% | 1.95% | 1.84% |
Drawdowns
VOE vs. VIG - Drawdown Comparison
The maximum VOE drawdown since its inception was -61.55%, which is greater than VIG's maximum drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for VOE and VIG. For additional features, visit the drawdowns tool.
Volatility
VOE vs. VIG - Volatility Comparison
Vanguard Mid-Cap Value ETF (VOE) has a higher volatility of 3.47% compared to Vanguard Dividend Appreciation ETF (VIG) at 2.87%. This indicates that VOE'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.