VDE vs. VENAX
Compare and contrast key facts about Vanguard Energy ETF (VDE) and Vanguard Energy Index Fund Admiral Shares (VENAX).
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. VENAX is managed by Vanguard. It was launched on Oct 7, 2004.
Performance
VDE vs. VENAX - Performance Comparison
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VDE vs. VENAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VDE Vanguard Energy ETF | 33.23% | 7.11% | 6.75% | 0.03% | 62.89% | 56.31% | -33.02% | 9.28% | -19.95% | -2.50% |
VENAX Vanguard Energy Index Fund Admiral Shares | 38.19% | 7.29% | 6.57% | 0.05% | 62.94% | 55.57% | -33.27% | 9.36% | -19.90% | -2.39% |
Returns By Period
In the year-to-date period, VDE achieves a 33.23% return, which is significantly lower than VENAX's 38.19% return. Both investments have delivered pretty close results over the past 10 years, with VDE having a 10.83% annualized return and VENAX not far ahead at 11.16%.
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%
VENAX
- 1D
- -1.12%
- 1M
- 8.14%
- YTD
- 38.19%
- 6M
- 39.18%
- 1Y
- 36.70%
- 3Y*
- 18.45%
- 5Y*
- 24.13%
- 10Y*
- 11.16%
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VDE vs. VENAX - Expense Ratio Comparison
Both VDE and VENAX have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VDE vs. VENAX — Risk / Return Rank
VDE
VENAX
VDE vs. VENAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy ETF (VDE) 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.
| VDE | VENAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.51 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.67 | 1.93 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.05 | -0.33 |
Martin ratioReturn relative to average drawdown | 4.92 | 5.86 | -0.94 |
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
| VDE | VENAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.51 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.91 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.37 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.29 | 0.00 |
Correlation
The correlation between VDE and VENAX is 1.00, 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
VDE vs. VENAX - Dividend Comparison
VDE's dividend yield for the trailing twelve months is around 2.36%, more than VENAX's 2.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VENAX Vanguard Energy Index Fund Admiral Shares | 2.27% | 3.10% | 3.24% | 3.34% | 3.65% | 3.80% | 4.76% | 3.41% | 3.35% | 2.90% | 2.31% | 3.17% |
Drawdowns
VDE vs. VENAX - Drawdown Comparison
The maximum VDE drawdown since its inception was -74.20%, roughly equal to the maximum VENAX drawdown of -74.42%. Use the drawdown chart below to compare losses from any high point for VDE and VENAX.
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Drawdown Indicators
| VDE | VENAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.20% | -74.42% | +0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -18.91% | -19.04% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -26.59% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -69.29% | -69.58% | +0.29% |
Current DrawdownCurrent decline from peak | -5.74% | -2.23% | -3.51% |
Average DrawdownAverage peak-to-trough decline | -20.06% | -20.09% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.61% | 6.65% | -0.04% |
Volatility
VDE vs. VENAX - Volatility Comparison
Vanguard Energy ETF (VDE) has a higher volatility of 6.29% compared to Vanguard Energy Index Fund Admiral Shares (VENAX) at 4.98%. This indicates that VDE's price experiences larger fluctuations and is considered to be riskier than VENAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDE | VENAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 4.98% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 14.31% | 13.84% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.19% | 24.98% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.53% | 26.55% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.88% | 30.17% | -0.29% |