VIG - Vanguard Dividend Appreciation ETF: Can It Make A Comeback?

• VIG is the largest dividend ETF by assets under management. Its 0.06% expense ratio makes it a no-brainer for passive investors looking for an S&P 500 Index alternative.
• While long-term performance is excellent, recent performance is underwhelming. In fact, VIG hasn't offered nearly the same amount of downside protection as its peers this year.
• VIG's valuation is still too high, especially compared to SCHD, DGRO, and HDV. I'll present risk, growth, valuation, and concentration metrics for all four ETFs that highlight VIG's shortcomings.
• On the plus side, VIG is less volatile than it was late last year. Its five-year annualized dividend growth rate is increasing too, so there's a chance returns will improve.
• VIG is still a hold, as alternatives are priced much better. When market sentiment improves, possibly as early as next quarter, VIG should be well-positioned to capture the growth.

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