ETF Versus

VIG vs VO

Vanguard Dividend Appreciation Index Fund ETF Shares vs Vanguard Mid-Cap Index Fund ETF Shares

Last updated: 2026-04-02

VIG Vanguard

Vanguard Dividend Appreciation Index Fund ETF Shares (VIG) is an exchange-traded fund issued by Vanguard that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.60%. Launched in 2006, the fund has a 20-year track record.

AUM: $97.2B ER: 0.04% Yield: 1.60% Since: Apr 21, 2006
VO Vanguard

Vanguard Mid-Cap Index Fund ETF Shares (VO) is an exchange-traded fund issued by Vanguard that provides exposure to mid-cap U.S. companies balancing growth potential and stability. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.50%. Launched in 2004, the fund has a 22-year track record.

AUM: $90.7B ER: 0.03% Yield: 1.50% Since: Jan 26, 2004

Quick Verdict

Both funds have nearly identical expense ratios (0.03% vs 0.04%), so fees are not a differentiator here. Both funds have delivered similar 1-year returns (11.4% vs 11.4%), tracking closely.

Key Metrics

Metric VIG VO
Expense Ratio 0.04% 0.03%
Dividend Yield 1.6% 1.5%
Fund Family Vanguard Vanguard
Category US Dividend US Mid Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

80 95 110 125 140 155 2021-04 2022-06 2023-09 2024-12 2026-04
VIG +43.7%
VO +27.8%

Performance Comparison

Period VIG VO Difference
1 Month -5.05% -5.54% +0.49%
3 Months -2.23% -1.24% -0.99%
6 Months -0.97% -2.10% +1.13%
YTD -2.23% -1.24% -0.99%
1 Year +11.38% +11.38% +0.00%
3 Years +39.10% +37.24% +1.86%
5 Years +43.71% +27.84% +15.87%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period VIG Fees VO Fees You Save
$10.000 10 years $80 $60 $20
$10.000 20 years $344 $258 $86
$10.000 30 years $1.112 $835 $277
$50.000 10 years $399 $299 $100
$50.000 30 years $5.560 $4.176 $1.385
$100.000 30 years $11.121 $8.352 $2.769

Risk Metrics

Based on 5 years of daily returns

Metric VIG VO
Annualized Volatility 14.3% 17.6%
Max Drawdown -21.5% -28.6%
Sharpe Ratio 0.27 0.11

Dividend Comparison

Metric VIG VO
Annual Dividend (per share) $3.45 $4.33
Dividend Yield 1.60% 1.50%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

VIG Top Holdings

NameWeight
Broadcom Inc.AVGO5.92%
Apple Inc.AAPL3.89%
Eli Lilly and CompanyLLY3.70%
Microsoft CorporationMSFT3.45%
JPMorgan Chase & Co.JPM3.42%
Exxon Mobil CorporationXOM2.87%
Johnson & JohnsonJNJ2.65%
Walmart Inc.WMT2.48%
Visa Inc.V2.23%
Costco Wholesale CorporationCOST1.98%

VO Top Holdings

NameWeight
Newmont CorporationNEM1.46%
Corning IncorporatedGLW1.20%
Howmet Aerospace Inc.HWM1.09%
Constellation Energy CorporationCEG1.06%
Vertiv Holdings CoVRT0.99%
Western Digital CorporationWDC0.99%
Seagate Technology Holdings plcSTX0.90%
Quanta Services, Inc.PWR0.87%
Cummins Inc.CMI0.83%
CRH plcCRH0.83%

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