SBMBX vs. VGENX
SBMBX (Saratoga Energy & Basic Materials Fund) and VGENX (Vanguard Energy Opportunities Fund Investor Shares) are both Energy Equities funds. Over the past 10 years, SBMBX returned 2.08%/yr vs 8.78%/yr for VGENX. Their correlation of 0.91 suggests significant overlap in exposure. SBMBX charges 3.30%/yr vs 0.45%/yr for VGENX.
Performance
SBMBX vs. VGENX - Performance Comparison
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Returns By Period
Over the past 10 years, SBMBX has underperformed VGENX with an annualized return of 2.08%, while VGENX has yielded a comparatively higher 8.78% annualized return.
SBMBX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 2.30%
- 3Y*
- 1.48%
- 5Y*
- 5.34%
- 10Y*
- 2.08%
VGENX
- 1D
- -0.87%
- 1M
- -5.86%
- YTD
- 15.48%
- 6M
- 16.93%
- 1Y
- 23.99%
- 3Y*
- 25.45%
- 5Y*
- 21.92%
- 10Y*
- 8.78%
SBMBX vs. VGENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBMBX Saratoga Energy & Basic Materials Fund | 0.00% | 5.05% | -7.25% | 6.28% | 19.60% | 25.58% | -19.21% | -0.96% | -18.00% | 8.44% |
VGENX Vanguard Energy Opportunities Fund Investor Shares | 15.48% | 20.67% | 30.25% | 8.78% | 23.59% | 27.71% | -30.85% | 13.23% | -17.19% | 3.22% |
Correlation
The correlation between SBMBX and VGENX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.91 |
Over the past year, the correlation between SBMBX and VGENX has dropped to 0.40 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.
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Return for Risk
SBMBX vs. VGENX — Risk / Return Rank
SBMBX
VGENX
SBMBX vs. VGENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Energy & Basic Materials Fund (SBMBX) 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.
| SBMBX | VGENX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.36 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 3.18 | -2.72 |
| Martin ratioReturn relative to average drawdown | 0.89 | 12.48 | -11.59 |
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Drawdowns
SBMBX vs. VGENX - Drawdown Comparison
The maximum SBMBX drawdown since its inception was -74.35%, which is greater than VGENX's maximum drawdown of -65.37%. Use the drawdown chart below to compare losses from any high point for SBMBX and VGENX.
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Drawdown Indicators
| SBMBX | VGENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.35% | -65.37% | -8.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -7.88% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -25.34% | -12.30% | -13.04% |
Max Drawdown (5Y)Largest decline over 5 years | -26.66% | -19.72% | -6.94% |
Max Drawdown (10Y)Largest decline over 10 years | -65.48% | -61.19% | -4.29% |
Current DrawdownCurrent decline from peak | -31.22% | -7.88% | -23.34% |
Average DrawdownAverage peak-to-trough decline | -28.69% | -14.92% | -13.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.01% | +0.79% |
Volatility
SBMBX vs. VGENX - Volatility Comparison
The current volatility for Saratoga Energy & Basic Materials Fund (SBMBX) is 0.00%, while Vanguard Energy Opportunities Fund Investor Shares (VGENX) has a volatility of 3.80%. This indicates that SBMBX experiences smaller price fluctuations and is considered to be less risky 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
| SBMBX | VGENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.80% | -3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 10.31% | -7.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.32% | 12.29% | -1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.60% | 18.69% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.03% | 23.17% | +0.86% |
SBMBX vs. VGENX - Expense Ratio Comparison
SBMBX has a 3.30% expense ratio, which is higher than VGENX's 0.45% expense ratio.
Dividends
SBMBX vs. VGENX - Dividend Comparison
SBMBX's dividend yield for the trailing twelve months is around 2.13%, less than VGENX's 7.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBMBX Saratoga Energy & Basic Materials Fund | 2.13% | 2.13% | 2.17% | 0.00% | 2.75% | 0.75% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGENX Vanguard Energy Opportunities Fund Investor Shares | 7.42% | 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
SBMBX and VGENX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGENX has higher volatility (3.80%) compared to SBMBX (0.00%). In terms of maximum drawdown, SBMBX dropped -74.35% vs VGENX's -65.37%.
VGENX currently has the higher Sharpe Ratio (2.04 vs 0.25), 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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