VIG vs VIITX
Vanguard Dividend Appreciation ETF vs Vanguard Institutional Intermediate Term Bond Fund Institutional Plus Class
Quick Verdict
VIITX has a lower expense ratio. VIG delivered stronger 1-year returns. VIITX offers more diversification with 1185 holdings.
Side-by-Side Comparison
| Metric | VIG | VIITX | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.02% | |
| AUM | $110.2B | - | |
| Dividend Yield | 1.79% | 4.56% | |
| Holdings | 335 | 2,599 | |
| YTD Return | +12.71% | -1.94% | |
| 1Y Return | +19.37% | -1.39% | |
| 3Y Return (annualized) | +16.71% | +0.57% | |
| 5Y Return (annualized) | +10.78% | -2.33% | |
| Volatility (annualized) | 13.3% | 4.2% | |
| Max Drawdown | -48.2% | -15.0% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Fixed Income | |
| Inception | Apr 21, 2006 | Dec 1, 1997 |
VIG vs VIITX Performance
Vanguard Dividend Appreciation ETF (VIG) is a ETF from Vanguard (US) and Vanguard Institutional Intermediate Term Bond Fund Institutional Plus Class (VIITX) is a mutual fund from Vanguard (US). Over the past year VIG returned +19.37% while VIITX returned -1.39%. Year to date, VIG is up 12.71% versus a loss of 1.94% for VIITX.
Over three years, VIG compounded at +16.71% per year against +0.57% for VIITX; over five years the annualized figures are +10.78% and -2.33% respectively. Across the full 5-year window we track, VIG has the edge at +8.71% annualized vs -2.33%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VIG has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 4.2% for VIITX. 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 -48.2% for VIG and -15.0% for VIITX. 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VIG charges 0.04% per year while VIITX charges 0.02%. On a $10,000 position that is $4 vs $2 annually, a gap of $2 per year that compounds over a long holding period. On income, VIG currently yields 1.79% against 4.56% for VIITX.
Holdings Overlap
VIG and VIITX share 1 holdings out of 1515 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in VIG | Weight in VIITX | Difference |
|---|---|---|---|
| CAH | 0.24% | 0.08% | 0.16% |
Frequently Asked Questions
Which is cheaper, VIG or VIITX?
VIG has an expense ratio of 0.04% while VIITX charges 0.02%. VIITX is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, VIG or VIITX?
Over the past year VIG returned +19.37% vs -1.39% for VIITX, so VIG leads on 1-year performance. Over the longest common window we track (5 years), VIG annualized +8.71% vs -2.33% for VIITX. Past performance does not guarantee future results.
Which is riskier, VIG or VIITX?
VIG has been the more volatile fund at 13.3% annualized versus 4.2% for VIITX. Worst drawdown: VIG -48.2% vs VIITX -15.0%.
Should I hold both VIG and VIITX?
VIG and VIITX have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VIG and VIITX?
VIG and VIITX share 1 common holdings with a 0.1% weight overlap. Combined, they hold 1515 unique securities.
Which pays a higher dividend, VIG or VIITX?
VIG yields 1.79% while VIITX yields 4.56%, so VIITX currently pays the higher dividend yield.
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