VIG vs VSDA: Grades, Fees and Holdings Compared

Vanguard Dividend Appreciation ETF

VIGANYSE Arca

VictoryShares Dividend Accelerator ETF

VSDABNasdaq

Overlap

17.9%by weight

Expense ratio

VIG −0.31pt a year

VIG0.04%VSDA0.35%

Avg volume · 30D

VIG 66.0×the volume

VIG1.02MVSDA15.5K

5Y return · a year

VIG +2.5pt

VIG+10.6%VSDA+8.1%

VIG vs VSDA Performance

Oct 29, 2021 – Oct 30, 2026

+65.3%VIG+47.9%VSDA

Expense ratio: VIG 0.04%, better; VSDA 0.35%
Fund size: VIG $128B; VSDA $224M
1Y total return: VIG +16.0%; VSDA +19.6%, better
Yield (12M): VIG 1.47%; VSDA 2.41%, better
Holdings: VIG 335; VSDA 76
Avg volume (30D): VIG 1.02M sh, better; VSDA 15.5K sh
NAV per share: VIG $247.72; VSDA $60.49
52W range

ETF.net Grade

Pillar letters and Scores for VIG, VSDA, with each pillar’s weight
Pillar	VIG	VSDA
Cost30% weight	A100Higher	B57
Mission25% weight	A84	A89Higher
Risk15% weight	B62Higher	D38
Tradability15% weight	B59Higher	C48
Holdings10% weight	C52	B55Higher
Durability5% weight	A92Higher	D31

Rank among US Dividend Index funds

How we build Categories ›

Same Category. VIG and VSDA are both graded against the same 52 US Dividend Index funds, so their Grades compare head to head.

US Dividend Index⁠

Category · 52 funds

See all 52 ›

VIG ranks 5th and VSDA 25th of 52 funds in the US Dividend Index Category.

Rank 4ASPYDState Street SPDR Portfolio S&P 500 High Dividend ETFScore 79
Rank 5AVIGVanguard Dividend Appreciation ETFScore 78
Rank 6ADLNWisdomTree U.S. LargeCap Dividend FundScore 74
Rank 23BQDIVGlobal X S&P 500 Quality Dividend ETFScore 60
Rank 25BVSDAVictoryShares Dividend Accelerator ETFScore 59
Rank 26BDIVGInvesco S&P 500 High Dividend Growers ETFScore 58

Our read on each fund

ETF.net Research

VIGAVanguard Dividend Appreciation ETF

VSDABVictoryShares Dividend Accelerator ETF

In short

VIG VIG buys dividend growth, not fat yields: about 300 US companies with a record of raising their payouts, tracked for 0.04% a year. Running since 2006 and now north of $100 billion, it is the plain-vanilla anchor of the dividend-screen aisle.

VSDA Most dividend growth funds reward the past. VSDA tracks a Nasdaq index that runs a statistical model on large and mid cap payers to rank who is likeliest to raise dividends next year, aiming at payout growth over fat yield.

Stated mandate

VIG The fund seeks to track the S&P U.S. Dividend Growers Index, which represents common stocks of companies with a record of increasing dividends over time.

VSDA The Fund seeks to track the Nasdaq Victory Dividend Accelerator Index before fees and expenses.

Why people hold it

VIG At 0.04% a year, the fee is roughly a tenth of the typical dividend-screen fund's 0.39%, and undercuts every other top-graded fund in the group, DGRO and SCHD included.
The screen rewards a record of increasing dividends rather than the biggest current payout, so the basket leans on payout discipline instead of stretched yields.
Live since 2006, over $100 billion in assets and actively traded, which shows up as easy fills rather than wide spreads.
About 300 holdings, cash paid quarterly, and one of the strongest overall implementations in its dividend-screen peer group.

VSDA The index runs a logit model over 14 variables to rank which dividend payers are likeliest to raise next year, then holds 75 of them. Streak counting is only part of it.nasdaqomx.com nasdaqomx.com 2
Weights lean on dividend yield and 10-year net income stability instead of market cap, REITs are screened out, and the roster refreshes at quarterly rebalances.nasdaqomx.com
Pays monthly, and it has tracked its index live since its 2017 launch, not on backtested paper.
Narrow mandate: at least 80% of assets in index securities, with no manager discretion over which stocks make the cut.sec.gov

Worth knowing

VIG Growth of payouts, not maximum income, is the mandate. That puts it on a different axis than high-dividend funds such as SPYD.
US stocks only, no bonds and no overseas payers, and sector weights are whatever the index screen spits out.
Portfolio risk and concentration measures land mid-pack for the category: it is fully invested in equities and drops when the market drops.

VSDA The 0.40% fee sits near the middle of the dividend-screen crowd, but index giants like VIG (0.04%) and SCHD (0.06%) charge a fraction of it.
Assets are modest and trading is thin next to the category's household names, so bid-ask spreads tend to run wider.
Forecasts are odds, not promises. A flagged raiser can freeze its payout, and the index waits for the next quarterly rebalance to respond.nasdaqomx.com

Full VIG profile⁠

Full VSDA profile⁠

VIG vs VSDA Holdings

How VIG and VSDA differ

Overlap by weight

17.9%

Shared holdings make up 60.4% of VSDA and 27.8% of VIG.

Level by level

Holdings52 in both17.9%
Sector11 Sectors66.7%
Countryby domicile98.2%
Asset classEquity100%

Sector

Sector weights in VIG and VSDA, widest gap first
Sector	More in VIGMore in VSDA	VIG	VSDA
Consumer Staples	VSDA +22.1 points	9.1%	31.2%
Technology	VIG +22.2 points	27.4%	5.2%
Health Care	VIG +8.8 points	18.7%	9.9%
Materials	VSDA +4.0 points	3.2%	7.2%
Industrials	VSDA +3.9 points	10.8%	14.7%
Financials	VIG +2.3 points	20.7%	18.4%
Consumer Discretionary	VSDA +1.5 points	3.9%	5.4%
Energy	VSDA +1.2 points	3.6%	4.8%
Utilities	VSDA +0.3 points	2.7%	3.0%
Communication	Same weight	0.0%	0.0%
Real Estate	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in VIG and VSDA, widest gap first
Country	More in VIGMore in VSDA	VIG	VSDA
United States	VIG +1.8 points	100.0%	98.2%
Switzerland	VSDA +1.8 points	0.0%	1.8%

Concentration

Weight in the 10 largest Holdings

VIG34.6%
VSDA29.6%

Securities held

VIG334
VSDA75

Asset class

VIG: Equity
VSDA: Equity

Holdings

Only in VIG282
In both52
Only in VSDA23

Only in VIG

282 securities, 72.2% of VIG by weight

Microsoft Corp4.92%
Apple Inc4.91%
Broadcom Inc4.32%
Eli Lilly & Co4.12%
JPMorgan Chase & Co3.91%
AbbVie Inc2.06%
Cisco Systems Inc1.89%
Lam Research Corp1.83%
Costco Wholesale Corp1.80%
Merck & Co Inc1.59%
Bank of America Corp1.57%
UnitedHealth Group Inc1.47%
Home Depot Inc/The1.26%
Texas Instruments Inc1.14%
Goldman Sachs Group Inc/The1.09%
Oracle Corp1.06%
Amgen Inc1.01%
Morgan Stanley1.00%
Linde PLC0.97%
Amphenol Corp0.92%
International Business Machines Corp0.92%
QUALCOMM Inc0.87%
Analog Devices Inc0.86%
Abbott Laboratories0.76%
Eaton Corp PLC0.74%
NextEra Energy Inc0.70%
Blackrock Inc0.68%
Danaher Corp0.62%
Chubb Ltd0.51%
Accenture PLC0.50%
Medtronic PLC0.49%
Starbucks Corp0.48%
Lockheed Martin Corp0.46%
Automatic Data Processing Inc0.46%
Phillips 660.45%
Bank of New York Mellon Corp/The0.44%
Stryker Corp0.43%
CME Group Inc0.42%
CSX Corp0.38%
PNC Financial Services Group Inc/The0.38%
Intercontinental Exchange Inc0.38%
General Dynamics Corp0.37%
Elevance Health Inc0.36%
Marsh & McLennan Cos Inc0.36%
Waste Management Inc0.34%
Intuit Inc0.34%
Travelers Cos Inc/The0.33%
Motorola Solutions Inc0.33%
Mondelez International Inc0.33%
Cummins Inc0.32%

Only in VSDA

23 securities, 39.2% of VSDA by weight

Hormel Foods Corp.3.69%
Altria Group Inc.3.66%
Kimberly-Clark Corp3.48%
Clorox Company3.37%
T Rowe Price Group Inc.2.69%
Medtronic PLC2.52%
Consolidated Edison Inc.2.15%
Stanley Black & Decker2.06%
Franklin Templeton Inc1.97%
Chevron Corp1.83%
Genuine Parts Co1.52%
Target Corp.1.46%
Bristol-Myers Squibb Co1.39%
Becton Dickinson and Co.1.11%
Garmin Ltd0.98%
Curtiss-Wright Corp.0.97%
Eaton Corp PLC0.79%
Chubb Limited0.76%
New Linde PLC0.72%
Parker Hannifin Corp.0.62%
Kinsale Capital Group Inc0.55%
First Citizens Bcshs -Cl0.51%
Monolithic Power Systems0.43%

Weight gaps

All 52 Holdings in both funds, largest gap first.

Holding weights in VIG and VSDA, widest gap first
Holding	More in VIGMore in VSDA	VIG	VSDA
Brown-Forman CorpBF.B	VSDA +2.77 points	0.02%	2.79%
McCormick & Co Inc/MDMKC	VSDA +2.42 points	0.05%	2.47%
PepsiCo IncPEP	VSDA +1.96 points	0.77%	2.73%
Johnson & JohnsonJNJ	VIG +1.89 points	2.84%	0.95%
Colgate-Palmolive CoCL	VSDA +1.87 points	0.30%	2.17%
PPG Industries IncPPG	VSDA +1.73 points	0.10%	1.83%
ExxonMobil Holdings CorpXOM	VIG +1.71 points	2.98%	1.27%
Visa IncV	VIG +1.69 points	2.54%	0.85%
Old Republic International CorpORI	VSDA +1.59 points	0.04%	1.63%
Erie Indemnity CoERIE	VSDA +1.47 points	0.03%	1.50%
Illinois Tool Works IncITW	VSDA +1.40 points	0.30%	1.70%
McDonald's CorpMCD	VSDA +1.34 points	0.73%	2.07%
Aflac IncAFL	VSDA +1.25 points	0.22%	1.47%
Sysco CorpSYY	VSDA +1.23 points	0.17%	1.40%
Caterpillar IncCAT	VIG +1.24 points	1.66%	0.42%
Atmos Energy CorpATO	VSDA +1.22 points	0.12%	1.34%
Mastercard IncMA	VIG +1.21 points	1.98%	0.77%
Broadridge Financial Solutions IncBR	VSDA +1.16 points	0.08%	1.24%
Walmart IncWMT	VIG +1.15 points	2.06%	0.91%
Emerson Electric CoEMR	VSDA +1.15 points	0.38%	1.53%
Air Products and Chemicals IncAPD	VSDA +1.04 points	0.28%	1.32%
Cincinnati Financial CorpCINF	VSDA +1.03 points	0.11%	1.14%
RPM International IncRPM	VSDA +1.01 points	0.06%	1.07%
SEI Investments CoSEIC	VSDA +0.99 points	0.05%	1.04%
Constellation Brands IncSTZ	VSDA +0.99 points	0.08%	1.07%
Archer-Daniels-Midland CoADM	VSDA +0.99 points	0.17%	1.16%
Lowe's Cos IncLOW	VSDA +0.98 points	0.46%	1.44%
Houlihan Lokey IncHLI	VSDA +0.90 points	0.03%	0.93%
Globe Life IncGL	VSDA +0.88 points	0.06%	0.94%
Roper Technologies IncROP	VSDA +0.84 points	0.15%	0.99%
Union Pacific CorpUNP	VSDA +0.83 points	0.72%	1.55%
Nordson CorpNDSN	VSDA +0.81 points	0.08%	0.89%
Carlisle Cos IncCSL	VSDA +0.77 points	0.06%	0.83%
Dover CorpDOV	VSDA +0.75 points	0.11%	0.86%
Evercore IncEVR	VSDA +0.72 points	0.04%	0.76%
KLA CorpKLAC	VIG +0.68 points	1.13%	0.45%
Ecolab IncECL	VSDA +0.64 points	0.31%	0.95%
Martin Marietta Materials IncMLM	VSDA +0.63 points	0.13%	0.76%
Williams-Sonoma IncWSM	VSDA +0.61 points	0.12%	0.73%
HEICO CorpHEI	VSDA +0.59 points	0.05%	0.64%
Allstate Corp/TheALL	VSDA +0.57 points	0.25%	0.82%
Hubbell IncHUBB	VSDA +0.54 points	0.11%	0.65%
Sherwin-Williams Co/TheSHW	VSDA +0.51 points	0.33%	0.84%
Applied Industrial Technologies IncAIT	VSDA +0.45 points	0.05%	0.50%
Nucor CorpNUE	VSDA +0.42 points	0.24%	0.66%
WW Grainger IncGWW	VSDA +0.40 points	0.24%	0.64%
Cardinal Health IncCAH	VSDA +0.36 points	0.23%	0.59%
S&P Global IncSPGI	VSDA +0.32 points	0.53%	0.85%
Procter & Gamble Co/ThePG	VSDA +0.23 points	1.50%	1.73%
Coca-Cola Co/TheKO	VIG +0.21 points	1.48%	1.27%
McKesson CorpMCK	VSDA +0.09 points	0.44%	0.53%
Gilead Sciences IncGILD	VIG +0.03 points	0.82%	0.79%

All 338 VIG holdings⁠All 77 VSDA holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

VIG vs VSDA Cost

Overpaying VSDA vs VIG

$6,277

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

VIG 0.04%
$849
VSDA 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

VIG 0.04%
VSDA 0.35%
Overpaying

Year by year

Year	VIG	VSDA	Overpaying
10	$73	$634	$561
20	$288	$2,454	$2,166
30	$849	$7,126	$6,277

Expense ratio

0.04%VIG, cheaper
0.35%VSDA

VIG0.04%VSDA0.35%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

VIG cheapest of 52 funds

VSDA 20th cheapest of 52 funds

VIG vs VSDA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): VIG 1.47%; VSDA 2.41%, better
Payout (12M): VIG $3.65; VSDA $1.46
Last payment: VIG $0.93; VSDA $0.12
Ex-dividend: VIG Sep 28, 2026; VSDA Oct 8, 2026
Paid on: VIG Sep 30, 2026; VSDA Oct 9, 2026
Frequency: VIG Quarterly; VSDA Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

VIGQuarterly · 15 paymentsAll VIG payments⁠

VSDAMonthly · 45 paymentsAll VSDA payments⁠

VIG vs VSDA Risk

Fall from peak · 5 years

VIG
VSDA

Risk facts

VolatilityStd dev, 3 years: VIG 10.6%, betterVSDA 13.6%
Return per unit of riskSharpe ratio, 3 years: VIG 1.33, betterVSDA 0.82
Worst fallMax drawdown, 5 years: VIG −20.4%VSDA −16.1%, better
Market sensitivityBeta, 5 years: VIG 0.82VSDA 0.65; Market = 1

VIG and VSDA in the news

All news⁠

Best ETFs
For a rising dividend, iShares Core Dividend Growth ETF ranks first
Updated Nov 2, 2026VIG
New ETFs
Eventide lists two ETFs at 0.75% and 0.95% for strategies it already runs
Oct 30, 2026VIG
Head-to-Head
SCHD yields twice what VIG does. Over 10 years, VIG still leads.
Oct 22, 2026VIG
Best ETFs
Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.
Updated Oct 2, 2026VIG
First-Year Review
EASY's first year trailed the defensive index it names
Sep 30, 2026VIG
New ETFs
Raub Brock lists HQDG, an active dividend-growth ETF priced at 0.50%
Sep 8, 2026VIG

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