BAM vs. VDE
BAM (Brookfield Asset Management Ltd.) is a stock, while VDE (Vanguard Energy ETF) is Energy Equities fund tracking the MSCI US Investable Market Energy 25/50 Index. Over the past 3 years, BAM returned 18.80%/yr vs 15.80%/yr for VDE. At a 0.22 correlation, their price movements are largely independent.
Performance
BAM vs. VDE - Performance Comparison
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Returns By Period
In the year-to-date period, BAM achieves a -3.41% return, which is significantly lower than VDE's 29.27% return.
BAM
- 1D
- 1.12%
- 1M
- 2.04%
- 6M
- -2.76%
- YTD
- -3.41%
- 1Y
- -13.34%
- 3Y*
- 18.80%
- 5Y*
- —
- 10Y*
- —
VDE
- 1D
- 0.84%
- 1M
- 3.78%
- 6M
- 21.26%
- YTD
- 29.27%
- 1Y
- 37.00%
- 3Y*
- 15.80%
- 5Y*
- 22.87%
- 10Y*
- 8.98%
BAM vs. VDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BAM Brookfield Asset Management Ltd. | -3.41% | -0.24% | 39.70% | 45.61% | -10.80% |
VDE Vanguard Energy ETF | 29.27% | 7.11% | 6.75% | 0.03% | 6.42% |
Correlation
The correlation between BAM and VDE is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.22 |
The correlation between BAM and VDE shifts across timeframes, from -0.05 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BAM vs. VDE — Risk / Return Rank
BAM
VDE
BAM vs. VDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Asset Management Ltd. (BAM) and Vanguard Energy ETF (VDE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BAM | VDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.29 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 2.47 | -2.91 |
| Martin ratioReturn relative to average drawdown | -0.74 | 6.72 | -7.45 |
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Drawdowns
BAM vs. VDE - Drawdown Comparison
The maximum BAM drawdown since its inception was -30.37%, smaller than the maximum VDE drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for BAM and VDE.
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Drawdown Indicators
| BAM | VDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.37% | -74.20% | +43.83% |
Max Drawdown (1Y)Largest decline over 1 year | -30.37% | -15.04% | -15.33% |
Max Drawdown (3Y)Largest decline over 3 years | -30.37% | -21.41% | -8.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.29% | — |
Current DrawdownCurrent decline from peak | -18.65% | -8.54% | -10.11% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -19.91% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.19% | 5.52% | +12.67% |
Volatility
BAM vs. VDE - Volatility Comparison
Brookfield Asset Management Ltd. (BAM) has a higher volatility of 8.09% compared to Vanguard Energy ETF (VDE) at 6.04%. This indicates that BAM's price experiences larger fluctuations and is considered to be riskier than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAM | VDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.09% | 6.04% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 22.90% | 16.57% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.14% | 20.84% | +9.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.12% | 26.25% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.12% | 29.91% | +0.21% |
Dividends
BAM vs. VDE - Dividend Comparison
BAM's dividend yield for the trailing twelve months is around 3.79%, more than VDE's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAM Brookfield Asset Management Ltd. | 3.79% | 3.34% | 2.80% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VDE Vanguard Energy ETF | 2.51% | 3.11% | 3.23% | 3.34% | 3.65% | 4.13% | 4.76% | 3.42% | 3.35% | 2.90% | 2.31% | 3.17% |
Frequently Asked Questions
BAM and VDE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAM has higher volatility (8.09%) compared to VDE (6.04%). In terms of maximum drawdown, BAM dropped -30.37% vs VDE's -74.20%.
VDE currently has the higher Sharpe Ratio (1.79 vs -0.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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