NEFSX vs. VHCAX

Last updated Aug 1, 2026

NEFSX (Natixis Funds Trust I U.S. Equity Opportunities Fund) and VHCAX (Vanguard Capital Opportunity Fund Admiral Shares) are both Large Cap Growth Equities funds. Over the past 10 years, NEFSX returned 14.54%/yr vs 16.06%/yr for VHCAX. Their correlation of 0.90 means they have usually moved in the same direction. NEFSX charges 1.14%/yr vs 0.32%/yr for VHCAX.

Performance

NEFSX vs. VHCAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Natixis Funds Trust I U.S. Equity Opportunities Fund (NEFSX) and Vanguard Capital Opportunity Fund Admiral Shares (VHCAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEFSX achieves a 0.61% return, which is significantly lower than VHCAX's 20.22% return. Over the past 10 years, NEFSX has underperformed VHCAX with an annualized return of 14.54%, while VHCAX has yielded a comparatively higher 16.06% annualized return.

NEFSX

• 1D: 0.02%
• 1M: 0.35%
• 6M: 1.03%
• YTD: 0.61%
• 1Y: 7.46%
• 3Y*: 15.79%
• 5Y*: 10.55%
• 10Y*: 14.54%
• ALL TIME*: 11.63%

VHCAX

• 1D: 3.32%
• 1M: -3.88%
• 6M: 14.40%
• YTD: 20.22%
• 1Y: 43.40%
• 3Y*: 22.31%
• 5Y*: 12.77%
• 10Y*: 16.06%
• ALL TIME*: 12.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NEFSX Natixis Funds Trust I U.S. Equity Opportunities Fund	$0.00	$0.00	$0.00
VHCAX Vanguard Capital Opportunity Fund Admiral Shares	$0.00	$0.00	$0.00

NEFSX vs. VHCAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEFSX Natixis Funds Trust I U.S. Equity Opportunities Fund	0.61%	17.23%	25.79%	37.13%	-21.15%	23.21%	22.12%	31.08%	-6.67%	26.28%
VHCAX Vanguard Capital Opportunity Fund Admiral Shares	20.22%	25.83%	14.07%	25.63%	-17.56%	20.92%	22.83%	27.30%	-3.71%	28.37%

Correlation

The correlation between NEFSX and VHCAX is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001	0.90

Over the past year, the correlation between NEFSX and VHCAX has dropped to 0.47 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.

Return for Risk

NEFSX vs. VHCAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NEFSX

NEFSX Risk / Return Rank: 15
NEFSX Sharpe Ratio Rank: 15
NEFSX Sortino Ratio Rank: 15
NEFSX Omega Ratio Rank: 15
NEFSX Calmar Ratio Rank: 15
NEFSX Martin Ratio Rank: 16

VHCAX

VHCAX Risk / Return Rank: 84
VHCAX Sharpe Ratio Rank: 84
VHCAX Sortino Ratio Rank: 81
VHCAX Omega Ratio Rank: 79
VHCAX Calmar Ratio Rank: 89
VHCAX Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NEFSX vs. VHCAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Natixis Funds Trust I U.S. Equity Opportunities Fund (NEFSX) and Vanguard Capital Opportunity Fund Admiral Shares (VHCAX). 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.

	NEFSX	VHCAX	Difference
Sharpe ratio: Return per unit of total volatility	0.60	1.99	-1.39
Sortino ratio: Return per unit of downside risk	0.91	2.76	-1.85
Omega ratio: Gain probability vs. loss probability	1.11	1.35	-0.24
Calmar ratio: Return relative to maximum drawdown	0.73	3.22	-2.49
Martin ratio: Return relative to average drawdown	2.21	11.81	-9.60

NEFSX vs. VHCAX - Sharpe Ratio Comparison

The current NEFSX Sharpe Ratio is 0.60, which is lower than the VHCAX Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of NEFSX and VHCAX, 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

NEFSX vs. VHCAX - Drawdown Comparison

The maximum NEFSX drawdown since its inception was -55.83%, roughly equal to the maximum VHCAX drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for NEFSX and VHCAX.

Drawdown Indicators

	NEFSX	VHCAX	Difference
Max Drawdown Largest peak-to-trough decline	-55.83%	-54.27%	-1.56%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-12.42%	+1.22%
Max Drawdown (3Y) Largest decline over 3 years	-19.58%	-23.92%	+4.34%
Max Drawdown (5Y) Largest decline over 5 years	-30.08%	-27.55%	-2.53%
Max Drawdown (10Y) Largest decline over 10 years	-32.27%	-33.78%	+1.51%
Current Drawdown Current decline from peak	-1.33%	-7.92%	+6.59%
Average Drawdown Average peak-to-trough decline	-11.70%	-8.37%	-3.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	3.39%	+0.07%

Volatility

NEFSX vs. VHCAX - Volatility Comparison

The current volatility for Natixis Funds Trust I U.S. Equity Opportunities Fund (NEFSX) is 4.14%, while Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) has a volatility of 6.80%. This indicates that NEFSX experiences smaller price fluctuations and is considered to be less risky than VHCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEFSX	VHCAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	6.80%	-2.66%
Volatility (6M) Calculated over the trailing 6-month period	10.40%	17.10%	-6.70%
Volatility (1Y) Calculated over the trailing 1-year period	13.68%	20.13%	-6.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.64%	20.35%	-0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.66%	20.49%	-0.83%

NEFSX vs. VHCAX - Expense Ratio Comparison

NEFSX has a 1.14% expense ratio, which is higher than VHCAX's 0.32% expense ratio.

Dividends

NEFSX vs. VHCAX - Dividend Comparison

NEFSX's dividend yield for the trailing twelve months is around 9.25%, more than VHCAX's 8.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEFSX Natixis Funds Trust I U.S. Equity Opportunities Fund	9.25%	5.92%	6.38%	8.13%	18.10%	11.12%	13.07%	10.85%	11.18%	3.55%	1.88%	5.09%
VHCAX Vanguard Capital Opportunity Fund Admiral Shares	8.08%	9.71%	8.24%	2.40%	9.35%	10.55%	9.19%	6.48%	12.23%	3.87%	5.74%	5.39%

Frequently Asked Questions

Can I hold both NEFSX and VHCAX in my portfolio?

NEFSX and VHCAX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NEFSX or VHCAX?

VHCAX has higher volatility (6.80%) compared to NEFSX (4.14%). In terms of maximum drawdown, NEFSX dropped -55.83% vs VHCAX's -54.27%.

Which has better risk-adjusted returns?

VHCAX currently has the higher Sharpe Ratio (1.99 vs 0.60), 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.