EINC vs. VPU

Last updated Jun 3, 2026

EINC (VanEck Energy Income ETF) and VPU (Vanguard Utilities ETF) are both exchange-traded funds - EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index, while VPU is a Utilities Equities fund tracking the MSCI US Investable Market Utilities 25/50 Index. Both are passively managed. Over the past 10 years, EINC returned 11.66%/yr vs 9.08%/yr for VPU. At a 0.27 correlation, their price movements are largely independent. EINC charges 0.45%/yr vs 0.10%/yr for VPU.

Performance

EINC vs. VPU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Energy Income ETF (EINC) and Vanguard Utilities ETF (VPU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EINC achieves a 25.23% return, which is significantly higher than VPU's 3.78% return. Over the past 10 years, EINC has outperformed VPU with an annualized return of 11.66%, while VPU has yielded a comparatively lower 9.08% annualized return.

EINC

• 1D: 1.47%
• 1M: -0.74%
• YTD: 25.23%
• 6M: 25.97%
• 1Y: 27.63%
• 3Y*: 29.35%
• 5Y*: 21.20%
• 10Y*: 11.66%

VPU

• 1D: 1.96%
• 1M: -5.14%
• YTD: 3.78%
• 6M: 1.55%
• 1Y: 10.46%
• 3Y*: 13.83%
• 5Y*: 9.19%
• 10Y*: 9.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EINC vs. VPU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EINC VanEck Energy Income ETF	25.23%	7.11%	42.79%	15.55%	19.18%	38.05%	-19.89%	16.98%	-19.85%	-3.45%
VPU Vanguard Utilities ETF	3.78%	16.46%	23.04%	-7.45%	1.06%	17.40%	-0.74%	24.89%	4.38%	12.44%

Correlation

The correlation between EINC and VPU is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Mar 14, 2012	0.27

The correlation between EINC and VPU shifts across timeframes, from 0.27 (all time) to 0.41 (3 years), reflecting how their relationship changes across market environments.

EINC vs. VPU - Sectors Allocation Comparison

Sectors	EINC	VPU
Energy	99.5%	0.5%
Industrials	2.5%	0.2%
Utilities	0.6%	99.3%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

EINC vs. VPU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EINC

EINC Risk / Return Rank: 58
EINC Sharpe Ratio Rank: 54
EINC Sortino Ratio Rank: 52
EINC Omega Ratio Rank: 52
EINC Calmar Ratio Rank: 72
EINC Martin Ratio Rank: 58

VPU

VPU Risk / Return Rank: 22
VPU Sharpe Ratio Rank: 22
VPU Sortino Ratio Rank: 20
VPU Omega Ratio Rank: 21
VPU Calmar Ratio Rank: 25
VPU Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EINC vs. VPU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Energy Income ETF (EINC) and Vanguard Utilities ETF (VPU). 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.

	EINC	VPU	Difference
Sharpe ratio Return per unit of total volatility	1.89	0.74	+1.15
Sortino ratio Return per unit of downside risk	2.56	1.08	+1.48
Omega ratio Gain probability vs. loss probability	1.33	1.13	+0.20
Calmar ratio Return relative to maximum drawdown	3.70	1.21	+2.48
Martin ratio Return relative to average drawdown	10.32	2.75	+7.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EINC vs. VPU - Sharpe Ratio Comparison

The current EINC Sharpe Ratio is 1.89, which is higher than the VPU Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of EINC and VPU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EINC	VPU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	0.74	+1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.09	0.54	+0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.48	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.53	-0.50

Drawdowns

EINC vs. VPU - Drawdown Comparison

The maximum EINC drawdown since its inception was -87.55%, which is greater than VPU's maximum drawdown of -46.31%. Use the drawdown chart below to compare losses from any high point for EINC and VPU.

Drawdown Indicators

	EINC	VPU	Difference
Max Drawdown Largest peak-to-trough decline	-87.55%	-46.31%	-41.24%
Max Drawdown (1Y) Largest decline over 1 year	-7.89%	-8.90%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-16.01%	-17.34%	+1.33%
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	-25.15%	+5.28%
Max Drawdown (10Y) Largest decline over 10 years	-68.85%	-36.42%	-32.43%
Current Drawdown Current decline from peak	-5.06%	-6.72%	+1.66%
Average Drawdown Average peak-to-trough decline	-44.30%	-7.78%	-36.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	3.94%	-1.11%

Volatility

EINC vs. VPU - Volatility Comparison

VanEck Energy Income ETF (EINC) has a higher volatility of 6.40% compared to Vanguard Utilities ETF (VPU) at 5.34%. This indicates that EINC's price experiences larger fluctuations and is considered to be riskier than VPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EINC	VPU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.40%	5.34%	+1.06%
Volatility (6M) Calculated over the trailing 6-month period	11.56%	11.58%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	14.29%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.58%	17.05%	+2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.44%	19.13%	+6.31%

EINC vs. VPU - Expense Ratio Comparison

EINC has a 0.45% expense ratio, which is higher than VPU's 0.10% expense ratio.

Dividends

EINC vs. VPU - Dividend Comparison

EINC's dividend yield for the trailing twelve months is around 3.53%, more than VPU's 2.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EINC VanEck Energy Income ETF	3.53%	4.51%	3.33%	3.77%	2.89%	6.03%	6.69%	9.66%	11.31%	8.53%	9.71%	28.53%
VPU Vanguard Utilities ETF	2.67%	2.73%	3.02%	3.49%	2.98%	2.70%	3.17%	2.83%	3.23%	3.18%	3.19%	3.63%

Frequently Asked Questions

Can I hold both EINC and VPU in my portfolio?

EINC and VPU have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EINC or VPU?

EINC has higher volatility (6.40%) compared to VPU (5.34%). In terms of maximum drawdown, EINC dropped -87.55% vs VPU's -46.31%.

Which ETF is better, EINC or VPU?

On 10-year performance, EINC leads with 11.66% vs 9.08% for VPU. On fees, VPU is cheaper at 0.10% per year. On volatility, VPU has been the lower-risk option at 5.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EINC or VPU?

Over the 10-year period, EINC has performed better with a 11.66% return vs 9.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EINC or VPU?

VPU is cheaper with a 0.10% expense ratio, compared with 0.45% for EINC.

Which ETF pays a higher dividend yield, EINC or VPU?

EINC has the higher dividend yield at 3.53%, compared with 2.67% for VPU.

What is the main difference between EINC and VPU?

EINC is categorized as Energy Equities, while VPU is Utilities Equities. EINC tracks MVIS North America Energy Infrastructure Index, while VPU tracks MSCI US Investable Market Utilities 25/50 Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.45% for EINC and 0.10% for VPU.

Which has better risk-adjusted returns?

EINC currently has the higher Sharpe Ratio (1.89 vs 0.74), 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.