MAGRX vs. VGENX
MAGRX (BlackRock Natural Resources Trust Fund) and VGENX (Vanguard Energy Opportunities Fund Investor Shares) are both Energy Equities funds. Over the past 10 years, MAGRX returned 9.35%/yr vs 9.08%/yr for VGENX. Their correlation of 0.88 suggests significant overlap in exposure. MAGRX charges 0.87%/yr vs 0.45%/yr for VGENX.
Performance
MAGRX vs. VGENX - Performance Comparison
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Returns By Period
In the year-to-date period, MAGRX achieves a 11.11% return, which is significantly lower than VGENX's 16.60% return. Both investments have delivered pretty close results over the past 10 years, with MAGRX having a 9.35% annualized return and VGENX not far behind at 9.08%.
MAGRX
- 1D
- 0.21%
- 1M
- -4.49%
- YTD
- 11.11%
- 6M
- 10.41%
- 1Y
- 31.35%
- 3Y*
- 13.05%
- 5Y*
- 10.88%
- 10Y*
- 9.35%
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%
MAGRX vs. VGENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAGRX BlackRock Natural Resources Trust Fund | 11.11% | 30.26% | -5.65% | -1.36% | 17.20% | 30.76% | 3.20% | 15.34% | -17.95% | 8.20% |
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 MAGRX and VGENX is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 1988 | 0.88 |
Over the past year, the correlation between MAGRX and VGENX has dropped to 0.57 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
MAGRX vs. VGENX — Risk / Return Rank
MAGRX
VGENX
MAGRX vs. VGENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Natural Resources Trust Fund (MAGRX) 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.
| MAGRX | VGENX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 3.21 | +0.15 |
| Martin ratioReturn relative to average drawdown | 9.99 | 12.31 | -2.32 |
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Drawdowns
MAGRX vs. VGENX - Drawdown Comparison
The maximum MAGRX drawdown since its inception was -65.68%, roughly equal to the maximum VGENX drawdown of -65.37%. Use the drawdown chart below to compare losses from any high point for MAGRX and VGENX.
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Drawdown Indicators
| MAGRX | VGENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.68% | -65.37% | -0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -7.88% | -1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -19.46% | -12.30% | -7.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.30% | -19.72% | -6.58% |
Max Drawdown (10Y)Largest decline over 10 years | -50.11% | -61.19% | +11.08% |
Current DrawdownCurrent decline from peak | -8.94% | -6.99% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -15.92% | -14.92% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.05% | +1.06% |
Volatility
MAGRX vs. VGENX - Volatility Comparison
BlackRock Natural Resources Trust Fund (MAGRX) has a higher volatility of 5.44% compared to Vanguard Energy Opportunities Fund Investor Shares (VGENX) at 3.92%. This indicates that MAGRX'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
| MAGRX | VGENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 3.92% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.70% | 10.30% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.35% | 12.32% | +5.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 18.68% | +2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.53% | 23.17% | -0.64% |
MAGRX vs. VGENX - Expense Ratio Comparison
MAGRX has a 0.87% expense ratio, which is higher than VGENX's 0.45% expense ratio.
Dividends
MAGRX vs. VGENX - Dividend Comparison
MAGRX's dividend yield for the trailing twelve months is around 7.60%, more than VGENX's 7.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAGRX BlackRock Natural Resources Trust Fund | 7.60% | 8.44% | 3.32% | 4.16% | 10.86% | 3.90% | 2.07% | 2.97% | 20.12% | 49.72% | 0.87% | 8.29% |
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
MAGRX and VGENX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAGRX has higher volatility (5.44%) compared to VGENX (3.92%). In terms of maximum drawdown, MAGRX dropped -65.68% vs VGENX's -65.37%.
VGENX currently has the higher Sharpe Ratio (2.06 vs 1.80), 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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