FNARX vs. VGENX
FNARX (Fidelity Natural Resources Fund) and VGENX (Vanguard Energy Opportunities Fund Investor Shares) are both Energy Equities funds. Over the past 10 years, FNARX returned 10.35%/yr vs 9.08%/yr for VGENX. Their correlation of 0.95 suggests significant overlap in exposure. FNARX charges 0.82%/yr vs 0.45%/yr for VGENX.
Performance
FNARX vs. VGENX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FNARX having a 17.21% return and VGENX slightly lower at 16.60%. Over the past 10 years, FNARX has outperformed VGENX with an annualized return of 10.35%, while VGENX has yielded a comparatively lower 9.08% annualized return.
FNARX
- 1D
- 0.66%
- 1M
- -7.16%
- YTD
- 17.21%
- 6M
- 16.58%
- 1Y
- 33.20%
- 3Y*
- 20.20%
- 5Y*
- 19.41%
- 10Y*
- 10.35%
VGENX
- 1D
- 0.97%
- 1M
- -4.94%
- YTD
- 16.60%
- 6M
- 16.98%
- 1Y
- 25.71%
- 3Y*
- 26.91%
- 5Y*
- 21.66%
- 10Y*
- 9.08%
FNARX vs. VGENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNARX Fidelity Natural Resources Fund | 17.21% | 28.67% | 3.76% | 6.41% | 41.01% | 39.34% | -20.86% | 19.09% | -24.28% | -0.11% |
VGENX Vanguard Energy Opportunities Fund Investor Shares | 16.60% | 20.67% | 30.25% | 8.78% | 23.59% | 27.71% | -30.85% | 13.23% | -17.19% | 3.22% |
Correlation
The correlation between FNARX and VGENX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 1997 | 0.95 |
The correlation between FNARX and VGENX shifts across timeframes, from 0.76 (1 year) to 0.95 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FNARX vs. VGENX — Risk / Return Rank
FNARX
VGENX
FNARX vs. VGENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Natural Resources Fund (FNARX) and Vanguard Energy Opportunities Fund Investor Shares (VGENX). 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.
| FNARX | VGENX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 3.21 | -0.28 |
| Martin ratioReturn relative to average drawdown | 11.58 | 12.31 | -0.73 |
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Drawdowns
FNARX vs. VGENX - Drawdown Comparison
The maximum FNARX drawdown since its inception was -71.04%, which is greater than VGENX's maximum drawdown of -65.37%. Use the drawdown chart below to compare losses from any high point for FNARX and VGENX.
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Drawdown Indicators
| FNARX | VGENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.04% | -65.37% | -5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -7.88% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -12.30% | -8.34% |
Max Drawdown (5Y)Largest decline over 5 years | -29.93% | -19.72% | -10.21% |
Max Drawdown (10Y)Largest decline over 10 years | -64.10% | -61.19% | -2.91% |
Current DrawdownCurrent decline from peak | -10.09% | -6.99% | -3.10% |
Average DrawdownAverage peak-to-trough decline | -20.03% | -14.92% | -5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.05% | +0.66% |
Volatility
FNARX vs. VGENX - Volatility Comparison
Fidelity Natural Resources Fund (FNARX) has a higher volatility of 6.03% compared to Vanguard Energy Opportunities Fund Investor Shares (VGENX) at 3.92%. This indicates that FNARX's price experiences larger fluctuations and is considered to be riskier than VGENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNARX | VGENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 3.92% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 10.30% | +4.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 12.32% | +5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.97% | 18.68% | +6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.93% | 23.17% | +3.76% |
FNARX vs. VGENX - Expense Ratio Comparison
FNARX has a 0.82% expense ratio, which is higher than VGENX's 0.45% expense ratio.
Dividends
FNARX vs. VGENX - Dividend Comparison
FNARX's dividend yield for the trailing twelve months is around 1.87%, less than VGENX's 7.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNARX Fidelity Natural Resources Fund | 1.87% | 1.89% | 1.51% | 1.60% | 2.42% | 1.46% | 1.79% | 1.42% | 1.17% | 1.38% | 0.62% | 0.78% |
VGENX Vanguard Energy Opportunities Fund Investor Shares | 7.35% | 4.71% | 33.96% | 6.83% | 4.63% | 3.63% | 4.46% | 3.30% | 2.96% | 2.96% | 1.84% | 2.63% |
Frequently Asked Questions
FNARX and VGENX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNARX has higher volatility (6.03%) compared to VGENX (3.92%). In terms of maximum drawdown, FNARX dropped -71.04% vs VGENX's -65.37%.
VGENX currently has the higher Sharpe Ratio (2.06 vs 1.75), 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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