VBIAX vs. VENAX

Last updated Jun 4, 2026

VBIAX (Vanguard Balanced Index Fund Admiral Shares) and VENAX (Vanguard Energy Index Fund Admiral Shares) are both mutual funds - VBIAX is a Diversified Portfolio fund tracking the 60% CRSP US Total Market Index / 40% Bloomberg U.S. Aggregate Float Adjusted Index, while VENAX is a Energy Equities fund managed by Vanguard. Over the past 10 years, VBIAX returned 9.83%/yr vs 9.50%/yr for VENAX. A 0.58 correlation means they provide meaningful diversification when combined. VBIAX charges 0.07%/yr vs 0.10%/yr for VENAX.

Performance

VBIAX vs. VENAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Balanced Index Fund Admiral Shares (VBIAX) 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, VBIAX achieves a 7.35% return, which is significantly lower than VENAX's 30.74% return. Both investments have delivered pretty close results over the past 10 years, with VBIAX having a 9.83% annualized return and VENAX not far behind at 9.50%.

VBIAX

• 1D: 0.15%
• 1M: 3.71%
• YTD: 7.35%
• 6M: 7.26%
• 1Y: 19.35%
• 3Y*: 15.04%
• 5Y*: 8.01%
• 10Y*: 9.83%

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)

VBIAX vs. VENAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VBIAX Vanguard Balanced Index Fund Admiral Shares	7.35%	13.61%	14.58%	17.54%	-16.90%	14.21%	16.40%	21.78%	-2.86%	13.89%
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 VBIAX and VENAX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Sep 30, 2004	0.58

The correlation between VBIAX and VENAX shifts across timeframes, from -0.08 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.

VBIAX vs. VENAX - Sectors Allocation Comparison

Sectors	VBIAX	VENAX
Technology	33.5%	-
Financial Services	12.0%	-
Communication Services	10.3%	-
Consumer Cyclical	10.0%	-
Industrials	9.8%	0.1%
Healthcare	9.2%	-
Consumer Defensive	4.7%	-
Energy	3.7%	99.5%
Real Estate	2.4%	-
Utilities	2.3%	-
Basic Materials	2.0%	0.4%

Return for Risk

VBIAX vs. VENAX — Risk / Return Rank

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

VBIAX

VBIAX Risk / Return Rank: 76
VBIAX Sharpe Ratio Rank: 76
VBIAX Sortino Ratio Rank: 74
VBIAX Omega Ratio Rank: 70
VBIAX Calmar Ratio Rank: 75
VBIAX Martin Ratio Rank: 83

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.

VBIAX vs. VENAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Balanced Index Fund Admiral Shares (VBIAX) 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.

	VBIAX	VENAX	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.26	+0.26
Sortino ratio: Return per unit of downside risk	3.59	2.90	+0.70
Omega ratio: Gain probability vs. loss probability	1.47	1.36	+0.11
Calmar ratio: Return relative to maximum drawdown	3.42	3.91	-0.49
Martin ratio: Return relative to average drawdown	15.60	11.54	+4.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VBIAX vs. VENAX - Sharpe Ratio Comparison

The current VBIAX Sharpe Ratio is 2.52, which is comparable to the VENAX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of VBIAX 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

	VBIAX	VENAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.26	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.77	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.32	+0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.27	+0.37

Drawdowns

VBIAX vs. VENAX - Drawdown Comparison

The maximum VBIAX drawdown since its inception was -35.90%, smaller than the maximum VENAX drawdown of -74.42%. Use the drawdown chart below to compare losses from any high point for VBIAX and VENAX.

Drawdown Indicators

	VBIAX	VENAX	Difference
Max Drawdown Largest peak-to-trough decline	-35.90%	-74.42%	+38.52%
Max Drawdown (1Y) Largest decline over 1 year	-5.83%	-11.79%	+5.96%
Max Drawdown (3Y) Largest decline over 3 years	-11.70%	-21.44%	+9.74%
Max Drawdown (5Y) Largest decline over 5 years	-21.53%	-26.59%	+5.06%
Max Drawdown (10Y) Largest decline over 10 years	-22.78%	-69.58%	+46.80%
Current Drawdown Current decline from peak	0.00%	-7.50%	+7.50%
Average Drawdown Average peak-to-trough decline	-4.44%	-19.98%	+15.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	3.99%	-2.72%

Volatility

VBIAX vs. VENAX - Volatility Comparison

The current volatility for Vanguard Balanced Index Fund Admiral Shares (VBIAX) is 2.26%, while Vanguard Energy Index Fund Admiral Shares (VENAX) has a volatility of 7.91%. This indicates that VBIAX 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

	VBIAX	VENAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	7.91%	-5.65%
Volatility (6M) Calculated over the trailing 6-month period	6.11%	16.29%	-10.18%
Volatility (1Y) Calculated over the trailing 1-year period	7.90%	20.40%	-12.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.05%	26.43%	-15.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.21%	30.24%	-19.03%

VBIAX vs. VENAX - Expense Ratio Comparison

VBIAX has a 0.07% expense ratio, which is lower than VENAX's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VBIAX vs. VENAX - Dividend Comparison

VBIAX's dividend yield for the trailing twelve months is around 5.21%, more than VENAX's 2.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VBIAX Vanguard Balanced Index Fund Admiral Shares	5.21%	6.00%	5.27%	4.35%	2.83%	3.19%	2.65%	2.28%	2.32%	1.95%	2.09%	2.09%
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 VBIAX and VENAX in my portfolio?

VBIAX and VENAX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VBIAX or VENAX?

VENAX has higher volatility (7.91%) compared to VBIAX (2.26%). In terms of maximum drawdown, VBIAX dropped -35.90% vs VENAX's -74.42%.

Which has better risk-adjusted returns?

VBIAX currently has the higher Sharpe Ratio (2.52 vs 2.26), 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.