TOLIX vs. VENAX

Last updated Jun 4, 2026

TOLIX (DWS RREEF Global Infrastructure Fund) and VENAX (Vanguard Energy Index Fund Admiral Shares) are both Energy Equities funds. Over the past 10 years, TOLIX returned 6.64%/yr vs 9.50%/yr for VENAX. A 0.60 correlation means they provide meaningful diversification when combined. TOLIX charges 1.03%/yr vs 0.10%/yr for VENAX.

Performance

TOLIX vs. VENAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS RREEF Global Infrastructure Fund (TOLIX) and Vanguard Energy Index Fund Admiral Shares (VENAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOLIX achieves a 8.74% return, which is significantly lower than VENAX's 30.74% return. Over the past 10 years, TOLIX has underperformed VENAX with an annualized return of 6.64%, while VENAX has yielded a comparatively higher 9.50% annualized return.

TOLIX

• 1D: 0.85%
• 1M: -2.23%
• YTD: 8.74%
• 6M: 9.17%
• 1Y: 10.18%
• 3Y*: 12.07%
• 5Y*: 6.17%
• 10Y*: 6.64%

VENAX

• 1D: 1.15%
• 1M: -3.23%
• YTD: 30.74%
• 6M: 27.90%
• 1Y: 43.96%
• 3Y*: 17.52%
• 5Y*: 20.23%
• 10Y*: 9.50%

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

TOLIX vs. VENAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TOLIX DWS RREEF Global Infrastructure Fund	8.74%	12.73%	11.98%	1.93%	-9.26%	20.37%	-1.90%	29.21%	-11.05%	13.61%
VENAX Vanguard Energy Index Fund Admiral Shares	30.74%	7.29%	6.57%	0.05%	62.94%	55.57%	-33.27%	9.36%	-19.90%	-2.39%

Correlation

The correlation between TOLIX and VENAX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jun 30, 2008	0.60

Over the past year, the correlation between TOLIX and VENAX has dropped to 0.24 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

Return for Risk

TOLIX vs. VENAX — Risk / Return Rank

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

TOLIX

TOLIX Risk / Return Rank: 14
TOLIX Sharpe Ratio Rank: 12
TOLIX Sortino Ratio Rank: 12
TOLIX Omega Ratio Rank: 11
TOLIX Calmar Ratio Rank: 19
TOLIX Martin Ratio Rank: 15

VENAX

VENAX Risk / Return Rank: 58
VENAX Sharpe Ratio Rank: 59
VENAX Sortino Ratio Rank: 48
VENAX Omega Ratio Rank: 45
VENAX Calmar Ratio Rank: 84
VENAX Martin Ratio Rank: 57

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.

TOLIX vs. VENAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS RREEF Global Infrastructure Fund (TOLIX) and Vanguard Energy Index Fund Admiral Shares (VENAX). 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.

	TOLIX	VENAX	Difference
Sharpe ratio: Return per unit of total volatility	0.90	2.26	-1.36
Sortino ratio: Return per unit of downside risk	1.33	2.90	-1.57
Omega ratio: Gain probability vs. loss probability	1.16	1.36	-0.20
Calmar ratio: Return relative to maximum drawdown	1.61	3.91	-2.30
Martin ratio: Return relative to average drawdown	4.28	11.54	-7.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TOLIX vs. VENAX - Sharpe Ratio Comparison

The current TOLIX Sharpe Ratio is 0.90, which is lower than the VENAX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of TOLIX and VENAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TOLIX	VENAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	2.26	-1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.77	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.32	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.27	+0.17

Drawdowns

TOLIX vs. VENAX - Drawdown Comparison

The maximum TOLIX drawdown since its inception was -42.68%, smaller than the maximum VENAX drawdown of -74.42%. Use the drawdown chart below to compare losses from any high point for TOLIX and VENAX.

Drawdown Indicators

	TOLIX	VENAX	Difference
Max Drawdown Largest peak-to-trough decline	-42.68%	-74.42%	+31.74%
Max Drawdown (1Y) Largest decline over 1 year	-6.05%	-11.79%	+5.74%
Max Drawdown (3Y) Largest decline over 3 years	-14.51%	-21.44%	+6.93%
Max Drawdown (5Y) Largest decline over 5 years	-25.01%	-26.59%	+1.58%
Max Drawdown (10Y) Largest decline over 10 years	-35.19%	-69.58%	+34.39%
Current Drawdown Current decline from peak	-4.91%	-7.50%	+2.59%
Average Drawdown Average peak-to-trough decline	-7.12%	-19.98%	+12.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	3.99%	-1.70%

Volatility

TOLIX vs. VENAX - Volatility Comparison

The current volatility for DWS RREEF Global Infrastructure Fund (TOLIX) is 3.59%, while Vanguard Energy Index Fund Admiral Shares (VENAX) has a volatility of 7.91%. This indicates that TOLIX experiences smaller price fluctuations and is considered to be less risky than VENAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TOLIX	VENAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	7.91%	-4.32%
Volatility (6M) Calculated over the trailing 6-month period	8.66%	16.29%	-7.63%
Volatility (1Y) Calculated over the trailing 1-year period	10.88%	20.40%	-9.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.18%	26.43%	-12.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.91%	30.24%	-14.33%

TOLIX vs. VENAX - Expense Ratio Comparison

TOLIX has a 1.03% expense ratio, which is higher than VENAX's 0.10% expense ratio.

Dividends

TOLIX vs. VENAX - Dividend Comparison

TOLIX's dividend yield for the trailing twelve months is around 10.07%, more than VENAX's 2.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TOLIX DWS RREEF Global Infrastructure Fund	10.07%	10.99%	9.47%	2.67%	8.92%	6.06%	1.68%	2.00%	2.57%	2.10%	1.34%	1.86%
VENAX Vanguard Energy Index Fund Admiral Shares	2.40%	3.10%	3.24%	3.34%	3.65%	3.80%	4.76%	3.41%	3.35%	2.90%	2.31%	3.17%

Frequently Asked Questions

Can I hold both TOLIX and VENAX in my portfolio?

TOLIX and VENAX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TOLIX or VENAX?

VENAX has higher volatility (7.91%) compared to TOLIX (3.59%). In terms of maximum drawdown, TOLIX dropped -42.68% vs VENAX's -74.42%.

Which has better risk-adjusted returns?

VENAX currently has the higher Sharpe Ratio (2.26 vs 0.90), 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.