VTHRX vs. VDIGX

Last updated Aug 2, 2026

VTHRX (Vanguard Target Retirement 2030 Fund) and VDIGX (Vanguard Dividend Growth Fund) are both mutual funds - VTHRX is a Target Retirement Date fund managed by Vanguard, while VDIGX is a Dividend fund actively managed by Vanguard. Over the past 10 years, VTHRX returned 8.46%/yr vs 12.30%/yr for VDIGX. Their correlation of 0.88 means they have usually moved in the same direction. VTHRX charges 0.08%/yr vs 0.20%/yr for VDIGX.

Performance

VTHRX vs. VDIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Target Retirement 2030 Fund (VTHRX) and Vanguard Dividend Growth Fund (VDIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VTHRX achieves a 6.47% return, which is significantly higher than VDIGX's 5.43% return. Over the past 10 years, VTHRX has underperformed VDIGX with an annualized return of 8.46%, while VDIGX has yielded a comparatively higher 12.30% annualized return.

VTHRX

• 1D: 1.26%
• 1M: -0.57%
• 6M: 4.33%
• YTD: 6.47%
• 1Y: 14.64%
• 3Y*: 12.36%
• 5Y*: 6.39%
• 10Y*: 8.46%
• ALL TIME*: 7.22%

VDIGX

• 1D: 0.63%
• 1M: -0.03%
• 6M: 4.45%
• YTD: 5.43%
• 1Y: 12.39%
• 3Y*: 13.59%
• 5Y*: 9.57%
• 10Y*: 12.30%
• ALL TIME*: 9.36%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VDIGX Vanguard Dividend Growth Fund	$0.00	$0.00	$0.00
VTHRX Vanguard Target Retirement 2030 Fund	$0.00	$0.00	$0.00

VTHRX vs. VDIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTHRX Vanguard Target Retirement 2030 Fund	6.47%	16.25%	10.43%	16.24%	-16.28%	11.37%	14.11%	21.08%	-5.85%	15.24%
VDIGX Vanguard Dividend Growth Fund	5.43%	11.11%	20.84%	8.11%	-4.89%	24.86%	12.04%	30.94%	0.08%	19.32%

Correlation

The correlation between VTHRX and VDIGX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (10Y) Provides a long-term view across more market conditions.	0.80
Correlation (All Time) Calculated using the full available price history since Jun 7, 2006	0.88

The correlation between VTHRX and VDIGX shifts across timeframes, from 0.71 (3 years) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VTHRX vs. VDIGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VTHRX

VTHRX Risk / Return Rank: 69
VTHRX Sharpe Ratio Rank: 69
VTHRX Sortino Ratio Rank: 67
VTHRX Omega Ratio Rank: 67
VTHRX Calmar Ratio Rank: 66
VTHRX Martin Ratio Rank: 74

VDIGX

VDIGX Risk / Return Rank: 32
VDIGX Sharpe Ratio Rank: 33
VDIGX Sortino Ratio Rank: 35
VDIGX Omega Ratio Rank: 31
VDIGX Calmar Ratio Rank: 26
VDIGX Martin Ratio Rank: 32

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VTHRX vs. VDIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2030 Fund (VTHRX) and Vanguard Dividend Growth Fund (VDIGX). 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.

	VTHRX	VDIGX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.02	+0.54
Sortino ratio: Return per unit of downside risk	2.23	1.54	+0.68
Omega ratio: Gain probability vs. loss probability	1.29	1.18	+0.11
Calmar ratio: Return relative to maximum drawdown	2.10	1.15	+0.95
Martin ratio: Return relative to average drawdown	8.72	4.56	+4.16

VTHRX vs. VDIGX - Sharpe Ratio Comparison

The current VTHRX Sharpe Ratio is 1.56, which is higher than the VDIGX Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of VTHRX and VDIGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VTHRX vs. VDIGX - Drawdown Comparison

The maximum VTHRX drawdown since its inception was -49.57%, which is greater than VDIGX's maximum drawdown of -45.23%. Use the drawdown chart below to compare losses from any high point for VTHRX and VDIGX.

Drawdown Indicators

	VTHRX	VDIGX	Difference
Max Drawdown Largest peak-to-trough decline	-49.57%	-45.23%	-4.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.56%	-9.09%	+2.53%
Max Drawdown (3Y) Largest decline over 3 years	-9.64%	-10.23%	+0.59%
Max Drawdown (5Y) Largest decline over 5 years	-22.75%	-16.18%	-6.57%
Max Drawdown (10Y) Largest decline over 10 years	-24.86%	-32.98%	+8.12%
Current Drawdown Current decline from peak	-1.46%	-0.37%	-1.09%
Average Drawdown Average peak-to-trough decline	-6.15%	-6.62%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	2.30%	-0.72%

Volatility

VTHRX vs. VDIGX - Volatility Comparison

The current volatility for Vanguard Target Retirement 2030 Fund (VTHRX) is 2.63%, while Vanguard Dividend Growth Fund (VDIGX) has a volatility of 2.87%. This indicates that VTHRX experiences smaller price fluctuations and is considered to be less risky than VDIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTHRX	VDIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	2.87%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	7.48%	7.89%	-0.41%
Volatility (1Y) Calculated over the trailing 1-year period	8.87%	10.28%	-1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.48%	13.86%	-3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.22%	15.67%	-4.45%

VTHRX vs. VDIGX - Expense Ratio Comparison

VTHRX has a 0.08% expense ratio, which is lower than VDIGX's 0.20% 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

VTHRX vs. VDIGX - Dividend Comparison

VTHRX's dividend yield for the trailing twelve months is around 3.79%, less than VDIGX's 23.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VDIGX Vanguard Dividend Growth Fund	23.28%	21.90%	21.94%	2.29%	6.06%	5.45%	2.83%	4.70%	8.72%	5.16%	2.86%	5.70%
VTHRX Vanguard Target Retirement 2030 Fund	3.79%	4.03%	3.63%	2.59%	2.53%	17.56%	2.56%	2.38%	2.71%	0.06%	2.38%	3.72%

Frequently Asked Questions

Can I hold both VTHRX and VDIGX in my portfolio?

VTHRX and VDIGX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTHRX or VDIGX?

VDIGX has higher volatility (2.87%) compared to VTHRX (2.63%). In terms of maximum drawdown, VTHRX dropped -49.57% vs VDIGX's -45.23%.

Which has better risk-adjusted returns?

VTHRX currently has the higher Sharpe Ratio (1.56 vs 1.02), 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.