SMLPX vs. VGELX
Compare and contrast key facts about Salient MLP & Energy Infrastructure Fund (SMLPX) and Vanguard Energy Fund Admiral Shares (VGELX).
SMLPX is managed by Salient Funds. It was launched on Sep 18, 2012. VGELX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
SMLPX vs. VGELX - Performance Comparison
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SMLPX vs. VGELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMLPX Salient MLP & Energy Infrastructure Fund | 20.14% | 5.22% | 37.87% | 14.06% | 14.69% | 22.69% | -17.25% | 16.36% | -18.10% | -6.80% |
VGELX Vanguard Energy Fund Admiral Shares | 24.08% | 20.76% | 30.46% | 8.87% | 23.70% | 27.80% | -30.80% | 13.32% | -17.12% | 3.31% |
Returns By Period
In the year-to-date period, SMLPX achieves a 20.14% return, which is significantly lower than VGELX's 24.08% return. Over the past 10 years, SMLPX has outperformed VGELX with an annualized return of 12.19%, while VGELX has yielded a comparatively lower 10.96% annualized return.
SMLPX
- 1D
- -1.05%
- 1M
- 2.67%
- YTD
- 20.14%
- 6M
- 18.72%
- 1Y
- 19.59%
- 3Y*
- 25.70%
- 5Y*
- 19.94%
- 10Y*
- 12.19%
VGELX
- 1D
- 0.57%
- 1M
- 4.51%
- YTD
- 24.08%
- 6M
- 29.29%
- 1Y
- 35.94%
- 3Y*
- 29.13%
- 5Y*
- 24.84%
- 10Y*
- 10.96%
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SMLPX vs. VGELX - Expense Ratio Comparison
SMLPX has a 1.35% expense ratio, which is higher than VGELX's 0.33% expense ratio.
Return for Risk
SMLPX vs. VGELX — Risk / Return Rank
SMLPX
VGELX
SMLPX vs. VGELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Salient MLP & Energy Infrastructure Fund (SMLPX) and Vanguard Energy Fund Admiral Shares (VGELX). 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.
| SMLPX | VGELX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 2.52 | -1.46 |
Sortino ratioReturn per unit of downside risk | 1.39 | 3.12 | -1.73 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.49 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 3.04 | -1.77 |
Martin ratioReturn relative to average drawdown | 4.07 | 14.82 | -10.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMLPX | VGELX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 2.52 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 1.34 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.47 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.36 | -0.09 |
Correlation
The correlation between SMLPX and VGELX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SMLPX vs. VGELX - Dividend Comparison
SMLPX's dividend yield for the trailing twelve months is around 3.74%, less than VGELX's 6.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLPX Salient MLP & Energy Infrastructure Fund | 3.74% | 4.45% | 4.48% | 5.75% | 2.19% | 3.69% | 5.82% | 4.54% | 6.21% | 6.09% | 6.31% | 8.63% |
VGELX Vanguard Energy Fund Admiral Shares | 6.96% | 4.79% | 34.15% | 6.91% | 4.71% | 3.70% | 4.54% | 3.38% | 3.07% | 3.05% | 1.91% | 2.70% |
Drawdowns
SMLPX vs. VGELX - Drawdown Comparison
The maximum SMLPX drawdown since its inception was -73.06%, which is greater than VGELX's maximum drawdown of -65.22%. Use the drawdown chart below to compare losses from any high point for SMLPX and VGELX.
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Drawdown Indicators
| SMLPX | VGELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.06% | -65.22% | -7.84% |
Max Drawdown (1Y)Largest decline over 1 year | -15.57% | -12.30% | -3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -21.32% | -19.72% | -1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -60.49% | -61.13% | +0.64% |
Current DrawdownCurrent decline from peak | -1.05% | 0.00% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -27.46% | -19.26% | -8.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.87% | 2.52% | +2.35% |
Volatility
SMLPX vs. VGELX - Volatility Comparison
The current volatility for Salient MLP & Energy Infrastructure Fund (SMLPX) is 3.57%, while Vanguard Energy Fund Admiral Shares (VGELX) has a volatility of 3.81%. This indicates that SMLPX experiences smaller price fluctuations and is considered to be less risky than VGELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMLPX | VGELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 3.81% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 8.58% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.72% | 14.80% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.94% | 18.65% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 23.28% | +1.06% |