VDE vs. SHEH

Last updated Jul 16, 2026

VDE (Vanguard Energy ETF) and SHEH (Shell plc ADRhedged ETF) are both Energy Equities funds - VDE tracks the MSCI US Investable Market Energy 25/50 Index while SHEH tracks the Shell plc - Benchmark Price Return. Both are passively managed. Over the past year, VDE returned 34.58% vs 21.78% for SHEH. A 0.72 correlation means they provide meaningful diversification when combined. VDE charges 0.09%/yr vs 0.19%/yr for SHEH.

Performance

VDE vs. SHEH - Performance Comparison

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

Returns By Period

In the year-to-date period, VDE achieves a 28.19% return, which is significantly higher than SHEH's 15.74% return.

VDE

• 1D: -0.93%
• 1M: 2.38%
• 6M: 19.26%
• YTD: 28.19%
• 1Y: 34.58%
• 3Y*: 15.48%
• 5Y*: 22.66%
• 10Y*: 8.90%

SHEH

• 1D: -0.76%
• 1M: 1.48%
• 6M: 14.18%
• YTD: 15.74%
• 1Y: 21.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VDE vs. SHEH - Yearly Performance Comparison

	2026 (YTD)	2025
VDE Vanguard Energy ETF	28.19%	14.01%
SHEH Shell plc ADRhedged ETF	15.74%	12.63%

Correlation

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

VDE vs. SHEH - Sectors Allocation Comparison

Sectors	VDE	SHEH
Energy	99.4%	96.5%
Basic Materials	0.2%	-
Industrials	0.1%	-
Utilities	0.1%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

VDE vs. SHEH — Risk / Return Rank

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

VDE

VDE Risk / Return Rank: 56
VDE Sharpe Ratio Rank: 63
VDE Sortino Ratio Rank: 58
VDE Omega Ratio Rank: 54
VDE Calmar Ratio Rank: 57
VDE Martin Ratio Rank: 47

SHEH

SHEH Risk / Return Rank: 32
SHEH Sharpe Ratio Rank: 35
SHEH Sortino Ratio Rank: 33
SHEH Omega Ratio Rank: 33
SHEH Calmar Ratio Rank: 29
SHEH Martin Ratio Rank: 30

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.

VDE vs. SHEH - Risk-Adjusted Trends Comparison

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

	VDE	SHEH	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.06	+0.61
Sortino ratio: Return per unit of downside risk	2.22	1.53	+0.69
Omega ratio: Gain probability vs. loss probability	1.27	1.19	+0.08
Calmar ratio: Return relative to maximum drawdown	2.31	1.25	+1.06
Martin ratio: Return relative to average drawdown	6.31	3.50	+2.81

VDE vs. SHEH - Sharpe Ratio Comparison

The current VDE Sharpe Ratio is 1.67, which is higher than the SHEH Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of VDE and SHEH, 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

VDE vs. SHEH - Drawdown Comparison

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

Drawdown Indicators

	VDE	SHEH	Difference
Max Drawdown Largest peak-to-trough decline	-74.20%	-17.53%	-56.67%
Max Drawdown (1Y) Largest decline over 1 year	-15.04%	-17.53%	+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	-9.30%	-10.76%	+1.46%
Average Drawdown Average peak-to-trough decline	-19.92%	-4.04%	-15.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.50%	6.24%	-0.74%

Volatility

VDE vs. SHEH - Volatility Comparison

The current volatility for Vanguard Energy ETF (VDE) is 7.00%, while Shell plc ADRhedged ETF (SHEH) has a volatility of 7.49%. This indicates that VDE experiences smaller price fluctuations and is considered to be less risky than SHEH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VDE	SHEH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.00%	7.49%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	16.61%	17.41%	-0.80%
Volatility (1Y) Calculated over the trailing 1-year period	20.89%	20.59%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.28%	20.49%	+5.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.91%	20.49%	+9.42%

VDE vs. SHEH - Expense Ratio Comparison

VDE has a 0.09% expense ratio, which is lower than SHEH's 0.19% 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

VDE vs. SHEH - Dividend Comparison

VDE's dividend yield for the trailing twelve months is around 2.53%, more than SHEH's 2.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SHEH Shell plc ADRhedged ETF	2.01%	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	2.53%	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 VDE and SHEH in my portfolio?

VDE and SHEH 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, VDE or SHEH?

SHEH has higher volatility (7.49%) compared to VDE (7.00%). In terms of maximum drawdown, VDE dropped -74.20% vs SHEH's -17.53%.

Which ETF is better, VDE or SHEH?

On 1-year performance, VDE leads with 34.58% vs 21.78% for SHEH. On fees, VDE is cheaper at 0.09% per year. On volatility, VDE has been the lower-risk option at 7.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VDE or SHEH?

Over the 1-year period, VDE has performed better with a 34.58% return vs 21.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VDE or SHEH?

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

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

VDE has the higher dividend yield at 2.53%, compared with 2.01% for SHEH.

What is the main difference between VDE and SHEH?

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

Which has better risk-adjusted returns?

VDE currently has the higher Sharpe Ratio (1.67 vs 1.06), 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.