VDIGX vs VOE
Vanguard Dividend Growth Fund Investor Class vs Vanguard Mid-Cap Value ETF
Quick Verdict
VOE has a lower expense ratio. VOE delivered stronger 1-year returns. VOE offers more diversification with 169 holdings.
Side-by-Side Comparison
| Metric | VDIGX | VOE | Winner |
|---|---|---|---|
| Expense Ratio | 0.22% | 0.05% | |
| AUM | $36.4B | $22.9B | |
| Dividend Yield | 1.87% | 2.31% | |
| Holdings | 55 | 177 | |
| YTD Return | -0.12% | +17.73% | |
| 1Y Return | -8.96% | +27.33% | |
| 3Y Return (annualized) | -3.11% | +16.78% | |
| 5Y Return (annualized) | -2.91% | +9.95% | |
| Volatility (annualized) | 16.1% | 17.6% | |
| Max Drawdown | -32.6% | -63.4% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 1992 | Aug 17, 2006 |
VDIGX vs VOE Performance
Vanguard Dividend Growth Fund Investor Class (VDIGX) is a mutual fund from Vanguard (US) and Vanguard Mid-Cap Value ETF (VOE) is a ETF from Vanguard (US). Over the past year VDIGX returned -8.96% while VOE returned +27.33%. Year to date, VDIGX is down 0.12% versus a gain of 17.73% for VOE.
Over three years, VDIGX compounded at -3.11% per year against +16.78% for VOE; over five years the annualized figures are -2.91% and +9.95% respectively. Across the full 5-year window we track, VOE has the edge at +7.98% annualized vs -2.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOE has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 16.1% for VDIGX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -32.6% for VDIGX and -63.4% for VOE. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VDIGX charges 0.22% per year while VOE charges 0.05%. On a $10,000 position that is $22 vs $5 annually, a gap of $17 per year that compounds over a long holding period. On income, VDIGX currently yields 1.87% against 2.31% for VOE.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, VDIGX or VOE?
VDIGX has an expense ratio of 0.22% while VOE charges 0.05%. VOE is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, VDIGX or VOE?
Over the past year VDIGX returned -8.96% vs +27.33% for VOE, so VOE leads on 1-year performance. Over the longest common window we track (5 years), VDIGX annualized -2.91% vs +7.98% for VOE. Past performance does not guarantee future results.
Which is riskier, VDIGX or VOE?
VOE has been the more volatile fund at 17.6% annualized versus 16.1% for VDIGX. Worst drawdown: VDIGX -32.6% vs VOE -63.4%.
Should I hold both VDIGX and VOE?
VDIGX and VOE have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VDIGX and VOE?
VDIGX and VOE share 2 common holdings with a 1.0% weight overlap. Combined, they hold 214 unique securities.
Which pays a higher dividend, VDIGX or VOE?
VDIGX yields 1.87% while VOE yields 2.31%, so VOE currently pays the higher dividend yield.
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