VTV vs. CDDYX

Last updated Jun 13, 2026

VTV (Vanguard Value ETF) and CDDYX (Columbia Dividend Income Fund Institutional 3 Class) are both Large Cap Value Equities funds. Over the past 10 years, VTV returned 12.78%/yr vs 12.81%/yr for CDDYX. With a 0.96 correlation, they move nearly in lockstep. VTV charges 0.04%/yr vs 0.55%/yr for CDDYX.

Performance

VTV vs. CDDYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Value ETF (VTV) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VTV achieves a 14.29% return, which is significantly higher than CDDYX's 9.15% return. Both investments have delivered pretty close results over the past 10 years, with VTV having a 12.78% annualized return and CDDYX not far ahead at 12.81%.

VTV

• 1D: 0.93%
• 1M: 4.18%
• YTD: 14.29%
• 6M: 13.99%
• 1Y: 26.89%
• 3Y*: 18.16%
• 5Y*: 11.76%
• 10Y*: 12.78%

CDDYX

• 1D: 1.18%
• 1M: 2.41%
• YTD: 9.15%
• 6M: 8.77%
• 1Y: 20.36%
• 3Y*: 16.65%
• 5Y*: 10.94%
• 10Y*: 12.81%

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

VTV vs. CDDYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTV Vanguard Value ETF	14.29%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%
CDDYX Columbia Dividend Income Fund Institutional 3 Class	9.15%	15.95%	15.17%	10.65%	-4.84%	26.43%	7.92%	28.74%	-4.27%	20.34%

Correlation

The correlation between VTV and CDDYX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012	0.96

The correlation between VTV and CDDYX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

Return for Risk

VTV vs. CDDYX — Risk / Return Rank

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

VTV

VTV Risk / Return Rank: 88
VTV Sharpe Ratio Rank: 89
VTV Sortino Ratio Rank: 90
VTV Omega Ratio Rank: 87
VTV Calmar Ratio Rank: 87
VTV Martin Ratio Rank: 87

CDDYX

CDDYX Risk / Return Rank: 84
CDDYX Sharpe Ratio Rank: 82
CDDYX Sortino Ratio Rank: 82
CDDYX Omega Ratio Rank: 76
CDDYX Calmar Ratio Rank: 89
CDDYX Martin Ratio Rank: 89

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.

VTV vs. CDDYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). 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.

	VTV	CDDYX	Difference
Sharpe ratio: Return per unit of total volatility	2.61	2.28	+0.33
Sortino ratio: Return per unit of downside risk	3.71	3.27	+0.44
Omega ratio: Gain probability vs. loss probability	1.47	1.40	+0.06
Calmar ratio: Return relative to maximum drawdown	4.25	3.80	+0.45
Martin ratio: Return relative to average drawdown	16.04	14.30	+1.74

VTV vs. CDDYX - Sharpe Ratio Comparison

The current VTV Sharpe Ratio is 2.61, which is comparable to the CDDYX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of VTV and CDDYX, 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

VTV vs. CDDYX - Drawdown Comparison

The maximum VTV drawdown since its inception was -59.27%, which is greater than CDDYX's maximum drawdown of -32.74%. Use the drawdown chart below to compare losses from any high point for VTV and CDDYX.

Drawdown Indicators

	VTV	CDDYX	Difference
Max Drawdown Largest peak-to-trough decline	-59.27%	-32.74%	-26.53%
Max Drawdown (1Y) Largest decline over 1 year	-6.35%	-5.51%	-0.84%
Max Drawdown (3Y) Largest decline over 3 years	-14.52%	-12.99%	-1.53%
Max Drawdown (5Y) Largest decline over 5 years	-17.04%	-16.91%	-0.13%
Max Drawdown (10Y) Largest decline over 10 years	-36.78%	-32.74%	-4.04%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.86%	-2.76%	-5.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.46%	+0.22%

Volatility

VTV vs. CDDYX - Volatility Comparison

Vanguard Value ETF (VTV) has a higher volatility of 3.34% compared to Columbia Dividend Income Fund Institutional 3 Class (CDDYX) at 2.70%. This indicates that VTV's price experiences larger fluctuations and is considered to be riskier than CDDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTV	CDDYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	2.70%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	7.82%	6.96%	+0.86%
Volatility (1Y) Calculated over the trailing 1-year period	10.38%	9.19%	+1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	13.29%	+0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.68%	15.69%	+0.99%

VTV vs. CDDYX - Expense Ratio Comparison

VTV has a 0.04% expense ratio, which is lower than CDDYX's 0.55% expense ratio.

Dividends

VTV vs. CDDYX - Dividend Comparison

VTV's dividend yield for the trailing twelve months is around 1.83%, less than CDDYX's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDDYX Columbia Dividend Income Fund Institutional 3 Class	4.93%	5.33%	5.99%	4.96%	3.90%	2.93%	1.85%	3.28%	7.65%	4.03%	3.84%	8.35%
VTV Vanguard Value ETF	1.83%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both VTV and CDDYX in my portfolio?

With a correlation of 0.93, VTV and CDDYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VTV or CDDYX?

VTV has higher volatility (3.34%) compared to CDDYX (2.70%). In terms of maximum drawdown, VTV dropped -59.27% vs CDDYX's -32.74%.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.61 vs 2.28), 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.