VCMDX vs. VDE
Compare and contrast key facts about Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) and Vanguard Energy ETF (VDE).
VCMDX is managed by Vanguard. It was launched on Jun 25, 2019. VDE is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Energy 25/50 Index. It was launched on Sep 23, 2004.
Performance
VCMDX vs. VDE - Performance Comparison
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VCMDX vs. VDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VCMDX Vanguard Commodity Strategy Fund Admiral Shares | 17.80% | 18.20% | 5.27% | -7.45% | 13.83% | 34.82% | 5.07% | 2.74% |
VDE Vanguard Energy ETF | 33.23% | 7.11% | 6.75% | 0.03% | 62.89% | 56.31% | -33.02% | -1.91% |
Returns By Period
In the year-to-date period, VCMDX achieves a 17.80% return, which is significantly lower than VDE's 33.23% return.
VCMDX
- 1D
- -0.42%
- 1M
- 4.86%
- YTD
- 17.80%
- 6M
- 23.21%
- 1Y
- 25.74%
- 3Y*
- 11.96%
- 5Y*
- 13.95%
- 10Y*
- —
VDE
- 1D
- -3.61%
- 1M
- 4.27%
- YTD
- 33.23%
- 6M
- 34.21%
- 1Y
- 31.84%
- 3Y*
- 17.03%
- 5Y*
- 23.32%
- 10Y*
- 10.83%
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VCMDX vs. VDE - Expense Ratio Comparison
VCMDX has a 0.20% expense ratio, which is higher than VDE's 0.10% 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%.
Return for Risk
VCMDX vs. VDE — Risk / Return Rank
VCMDX
VDE
VCMDX vs. VDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) 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.
| VCMDX | VDE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 1.27 | +0.41 |
Sortino ratioReturn per unit of downside risk | 2.16 | 1.67 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.01 | 1.72 | +1.29 |
Martin ratioReturn relative to average drawdown | 9.16 | 4.92 | +4.25 |
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
| VCMDX | VDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.27 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.88 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.28 | +0.55 |
Correlation
The correlation between VCMDX and VDE is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VCMDX vs. VDE - Dividend Comparison
VCMDX's dividend yield for the trailing twelve months is around 12.91%, more than VDE's 2.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCMDX Vanguard Commodity Strategy Fund Admiral Shares | 12.91% | 15.21% | 2.19% | 2.50% | 14.21% | 30.56% | 0.50% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% |
VDE Vanguard Energy ETF | 2.36% | 3.11% | 3.23% | 3.34% | 3.65% | 4.13% | 4.76% | 3.42% | 3.35% | 2.90% | 2.31% | 3.17% |
Drawdowns
VCMDX vs. VDE - Drawdown Comparison
The maximum VCMDX drawdown since its inception was -26.67%, smaller than the maximum VDE drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for VCMDX and VDE.
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Drawdown Indicators
| VCMDX | VDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.67% | -74.20% | +47.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -18.91% | +9.99% |
Max Drawdown (5Y)Largest decline over 5 years | -25.45% | -26.58% | +1.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.29% | — |
Current DrawdownCurrent decline from peak | -1.73% | -5.74% | +4.01% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -20.06% | +8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 6.61% | -3.68% |
Volatility
VCMDX vs. VDE - Volatility Comparison
The current volatility for Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) is 5.97%, while Vanguard Energy ETF (VDE) has a volatility of 6.29%. This indicates that VCMDX experiences smaller price fluctuations and is considered to be less risky than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCMDX | VDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 6.29% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 12.20% | 14.31% | -2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.60% | 25.19% | -9.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.81% | 26.53% | -10.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.40% | 29.88% | -14.48% |