GASFX vs. VTSAX

Last updated Jun 24, 2026

GASFX (Hennessy Gas Utility Fund) and VTSAX (Vanguard Total Stock Market Index Fund Admiral Shares) are both mutual funds - GASFX is a Utilities Equities fund managed by Hennessy, while VTSAX is a Large Cap Blend Equities fund managed by Vanguard. Over the past 10 years, GASFX returned 9.14%/yr vs 15.29%/yr for VTSAX. A 0.63 correlation means they provide meaningful diversification when combined. GASFX charges 1.00%/yr vs 0.04%/yr for VTSAX.

Performance

GASFX vs. VTSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hennessy Gas Utility Fund (GASFX) and Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GASFX having a 10.54% return and VTSAX slightly lower at 10.33%. Over the past 10 years, GASFX has underperformed VTSAX with an annualized return of 9.14%, while VTSAX has yielded a comparatively higher 15.29% annualized return.

GASFX

• 1D: 0.83%
• 1M: -3.00%
• YTD: 10.54%
• 6M: 10.65%
• 1Y: 14.50%
• 3Y*: 16.39%
• 5Y*: 13.35%
• 10Y*: 9.14%

VTSAX

• 1D: -0.34%
• 1M: 0.55%
• YTD: 10.33%
• 6M: 9.19%
• 1Y: 25.93%
• 3Y*: 21.17%
• 5Y*: 12.36%
• 10Y*: 15.29%

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

GASFX vs. VTSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GASFX Hennessy Gas Utility Fund	10.54%	10.42%	24.98%	0.27%	13.68%	19.60%	-9.34%	20.80%	-3.47%	7.04%
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares	10.33%	17.12%	23.23%	26.51%	-19.52%	25.72%	20.98%	30.79%	-5.18%	21.16%

Correlation

The correlation between GASFX and VTSAX is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Nov 13, 2000	0.63

The correlation between GASFX and VTSAX shifts across timeframes, from -0.01 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GASFX vs. VTSAX — Risk / Return Rank

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

GASFX

GASFX Risk / Return Rank: 27
GASFX Sharpe Ratio Rank: 24
GASFX Sortino Ratio Rank: 23
GASFX Omega Ratio Rank: 20
GASFX Calmar Ratio Rank: 38
GASFX Martin Ratio Rank: 30

VTSAX

VTSAX Risk / Return Rank: 65
VTSAX Sharpe Ratio Rank: 62
VTSAX Sortino Ratio Rank: 56
VTSAX Omega Ratio Rank: 57
VTSAX Calmar Ratio Rank: 70
VTSAX Martin Ratio Rank: 79

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.

GASFX vs. VTSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hennessy Gas Utility Fund (GASFX) and Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). 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.

	GASFX	VTSAX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	2.13	-0.83
Sortino ratio: Return per unit of downside risk	1.85	2.88	-1.03
Omega ratio: Gain probability vs. loss probability	1.22	1.38	-0.16
Calmar ratio: Return relative to maximum drawdown	2.22	3.05	-0.84
Martin ratio: Return relative to average drawdown	6.45	13.67	-7.22

GASFX vs. VTSAX - Sharpe Ratio Comparison

The current GASFX Sharpe Ratio is 1.29, which is lower than the VTSAX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of GASFX and VTSAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GASFX vs. VTSAX - Drawdown Comparison

The maximum GASFX drawdown since its inception was -49.33%, smaller than the maximum VTSAX drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for GASFX and VTSAX.

Drawdown Indicators

	GASFX	VTSAX	Difference
Max Drawdown Largest peak-to-trough decline	-49.33%	-55.33%	+6.00%
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	-8.92%	+1.97%
Max Drawdown (3Y) Largest decline over 3 years	-12.43%	-19.36%	+6.93%
Max Drawdown (5Y) Largest decline over 5 years	-18.25%	-25.36%	+7.11%
Max Drawdown (10Y) Largest decline over 10 years	-37.23%	-34.97%	-2.26%
Current Drawdown Current decline from peak	-4.09%	-1.47%	-2.62%
Average Drawdown Average peak-to-trough decline	-7.85%	-8.99%	+1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	1.99%	+0.40%

Volatility

GASFX vs. VTSAX - Volatility Comparison

The current volatility for Hennessy Gas Utility Fund (GASFX) is 4.48%, while Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) has a volatility of 4.77%. This indicates that GASFX experiences smaller price fluctuations and is considered to be less risky than VTSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GASFX	VTSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	4.77%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	9.15%	10.05%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	11.94%	12.83%	-0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.44%	17.45%	-2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.70%	18.46%	-0.76%

GASFX vs. VTSAX - Expense Ratio Comparison

GASFX has a 1.00% expense ratio, which is higher than VTSAX's 0.04% expense ratio.

Dividends

GASFX vs. VTSAX - Dividend Comparison

GASFX's dividend yield for the trailing twelve months is around 10.98%, more than VTSAX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GASFX Hennessy Gas Utility Fund	10.98%	12.06%	7.36%	6.63%	15.49%	10.63%	10.93%	7.11%	12.31%	2.96%	3.52%	5.64%
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares	1.01%	1.11%	1.26%	1.42%	1.65%	1.20%	1.41%	1.76%	2.03%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both GASFX and VTSAX in my portfolio?

GASFX and VTSAX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GASFX or VTSAX?

VTSAX has higher volatility (4.77%) compared to GASFX (4.48%). In terms of maximum drawdown, GASFX dropped -49.33% vs VTSAX's -55.33%.

Which has better risk-adjusted returns?

VTSAX currently has the higher Sharpe Ratio (2.13 vs 1.29), 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.