SHEH vs. VDE

Last updated Jul 10, 2026

SHEH (Shell plc ADRhedged ETF) and VDE (Vanguard Energy ETF) are both Energy Equities funds - SHEH tracks the Shell plc - Benchmark Price Return while VDE tracks the MSCI US Investable Market Energy 25/50 Index. Both are passively managed. Over the past year, SHEH returned 18.17% vs 29.10% for VDE. A 0.72 correlation means they provide meaningful diversification when combined. SHEH charges 0.19%/yr vs 0.09%/yr for VDE.

Performance

SHEH vs. VDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shell plc ADRhedged ETF (SHEH) and Vanguard Energy ETF (VDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHEH achieves a 12.47% return, which is significantly lower than VDE's 24.48% return.

SHEH

• 1D: -1.01%
• 1M: -4.67%
• 6M: 16.82%
• YTD: 12.47%
• 1Y: 18.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VDE

• 1D: -1.36%
• 1M: -3.53%
• 6M: 19.77%
• YTD: 24.48%
• 1Y: 29.10%
• 3Y*: 14.35%
• 5Y*: 19.89%
• 10Y*: 8.79%

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

SHEH vs. VDE - Yearly Performance Comparison

	2026 (YTD)	2025
SHEH Shell plc ADRhedged ETF	12.47%	12.63%
VDE Vanguard Energy ETF	24.48%	14.01%

Correlation

The correlation between SHEH and VDE is 0.70, 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	0.70
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.72

The correlation between SHEH and VDE has been stable across timeframes, ranging from 0.70 to 0.72 - a consistent structural relationship.

Return for Risk

SHEH vs. VDE — Risk / Return Rank

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

SHEH

SHEH Risk / Return Rank: 28
SHEH Sharpe Ratio Rank: 30
SHEH Sortino Ratio Rank: 29
SHEH Omega Ratio Rank: 28
SHEH Calmar Ratio Rank: 26
SHEH Martin Ratio Rank: 27

VDE

VDE Risk / Return Rank: 46
VDE Sharpe Ratio Rank: 51
VDE Sortino Ratio Rank: 47
VDE Omega Ratio Rank: 45
VDE Calmar Ratio Rank: 48
VDE Martin Ratio Rank: 41

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.

SHEH vs. VDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shell plc ADRhedged ETF (SHEH) and Vanguard Energy ETF (VDE). 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.

	SHEH	VDE	Difference
Sharpe ratio: Return per unit of total volatility	0.89	1.41	-0.52
Sortino ratio: Return per unit of downside risk	1.32	1.92	-0.60
Omega ratio: Gain probability vs. loss probability	1.16	1.23	-0.07
Calmar ratio: Return relative to maximum drawdown	1.04	1.94	-0.90
Martin ratio: Return relative to average drawdown	2.99	5.40	-2.41

SHEH vs. VDE - Sharpe Ratio Comparison

The current SHEH Sharpe Ratio is 0.89, which is lower than the VDE Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of SHEH and VDE, 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

SHEH vs. VDE - Drawdown Comparison

The maximum SHEH drawdown since its inception was -17.53%, smaller than the maximum VDE drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for SHEH and VDE.

Drawdown Indicators

	SHEH	VDE	Difference
Max Drawdown Largest peak-to-trough decline	-17.53%	-74.20%	+56.67%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-15.04%	-2.49%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-69.29%	—
Current Drawdown Current decline from peak	-13.29%	-11.92%	-1.37%
Average Drawdown Average peak-to-trough decline	-3.95%	-19.92%	+15.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.10%	5.40%	+0.70%

Volatility

SHEH vs. VDE - Volatility Comparison

Shell plc ADRhedged ETF (SHEH) and Vanguard Energy ETF (VDE) have volatilities of 7.12% and 6.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHEH	VDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.12%	6.86%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	17.39%	16.63%	+0.76%
Volatility (1Y) Calculated over the trailing 1-year period	20.50%	20.72%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.49%	26.30%	-5.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.49%	29.90%	-9.41%

SHEH vs. VDE - Expense Ratio Comparison

SHEH has a 0.19% expense ratio, which is higher than VDE's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SHEH vs. VDE - Dividend Comparison

SHEH's dividend yield for the trailing twelve months is around 2.07%, less than VDE's 2.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SHEH Shell plc ADRhedged ETF	2.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VDE Vanguard Energy ETF	2.60%	3.11%	3.23%	3.34%	3.65%	4.13%	4.76%	3.42%	3.35%	2.90%	2.31%	3.17%

Frequently Asked Questions

Can I hold both SHEH and VDE in my portfolio?

SHEH and VDE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHEH or VDE?

SHEH has higher volatility (7.12%) compared to VDE (6.86%). In terms of maximum drawdown, SHEH dropped -17.53% vs VDE's -74.20%.

Which ETF is better, SHEH or VDE?

On 1-year performance, VDE leads with 29.10% vs 18.17% for SHEH. On fees, VDE is cheaper at 0.09% per year. On volatility, VDE has been the lower-risk option at 6.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHEH or VDE?

Over the 1-year period, VDE has performed better with a 29.10% return vs 18.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHEH or VDE?

VDE is cheaper with a 0.09% expense ratio, compared with 0.19% for SHEH.

Which ETF pays a higher dividend yield, SHEH or VDE?

VDE has the higher dividend yield at 2.60%, compared with 2.07% for SHEH.

What is the main difference between SHEH and VDE?

SHEH tracks Shell plc - Benchmark Price Return, while VDE tracks MSCI US Investable Market Energy 25/50 Index. They also come from different issuers: ADRhedged and Vanguard. Their fees differ too: 0.19% for SHEH and 0.09% for VDE.

Which has better risk-adjusted returns?

VDE currently has the higher Sharpe Ratio (1.41 vs 0.89), 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.