VDEQX vs. VGELX

Last updated Aug 2, 2026

VDEQX (Vanguard Diversified Equity Fund) and VGELX (Vanguard Energy Opportunities Fund Admiral Shares) are both mutual funds - VDEQX is a Large Cap Growth Equities fund managed by Vanguard, while VGELX is a Energy Equities fund actively managed by Vanguard. Over the past 10 years, VDEQX returned 13.95%/yr vs 9.86%/yr for VGELX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. VDEQX charges 0.35%/yr vs 0.37%/yr for VGELX.

Performance

VDEQX vs. VGELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Diversified Equity Fund (VDEQX) and Vanguard Energy Opportunities Fund Admiral Shares (VGELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VDEQX achieves a 5.97% return, which is significantly lower than VGELX's 23.51% return. Over the past 10 years, VDEQX has outperformed VGELX with an annualized return of 13.95%, while VGELX has yielded a comparatively lower 9.86% annualized return.

VDEQX

• 1D: 1.48%
• 1M: -1.08%
• 6M: 5.29%
• YTD: 5.97%
• 1Y: 15.62%
• 3Y*: 16.79%
• 5Y*: 9.40%
• 10Y*: 13.95%
• ALL TIME*: 10.37%

VGELX

• 1D: 0.50%
• 1M: 6.10%
• 6M: 15.74%
• YTD: 23.51%
• 1Y: 33.48%
• 3Y*: 26.26%
• 5Y*: 23.97%
• 10Y*: 9.86%
• ALL TIME*: 9.08%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VDEQX Vanguard Diversified Equity Fund	$0.00	$0.00	$0.00
VGELX Vanguard Energy Opportunities Fund Admiral Shares	$0.00	$0.00	$0.00

VDEQX vs. VGELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VDEQX Vanguard Diversified Equity Fund	5.97%	15.26%	24.63%	27.51%	-22.59%	21.69%	29.01%	31.44%	-5.40%	21.47%
VGELX Vanguard Energy Opportunities Fund Admiral Shares	23.51%	20.76%	30.46%	8.87%	23.70%	27.80%	-30.80%	13.32%	-17.12%	3.31%

Correlation

The correlation between VDEQX and VGELX is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.03
Correlation (3Y) Balances recent behavior with more history.	0.23
Correlation (5Y) Shows whether the relationship held over a longer period.	0.39
Correlation (10Y) Provides a long-term view across more market conditions.	0.51
Correlation (All Time) Calculated using the full available price history since Jun 10, 2005	0.64

The correlation between VDEQX and VGELX shifts across timeframes, from -0.03 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

VDEQX vs. VGELX - Sectors Allocation Comparison

Sectors	VDEQX	VGELX
Technology	28.9%	-
Financial Services	13.7%	0.0%
Healthcare	13.4%	-
Consumer Cyclical	11.5%	-
Communication Services	10.0%	-
Industrials	9.6%	-
Energy	3.4%	57.0%
Consumer Defensive	3.4%	-
Basic Materials	2.6%	1.1%
Real Estate	1.8%	0.0%
Utilities	1.7%	41.9%

Return for Risk

VDEQX vs. VGELX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VDEQX

VDEQX Risk / Return Rank: 29
VDEQX Sharpe Ratio Rank: 30
VDEQX Sortino Ratio Rank: 28
VDEQX Omega Ratio Rank: 29
VDEQX Calmar Ratio Rank: 27
VDEQX Martin Ratio Rank: 34

VGELX

VGELX Risk / Return Rank: 91
VGELX Sharpe Ratio Rank: 95
VGELX Sortino Ratio Rank: 90
VGELX Omega Ratio Rank: 87
VGELX Calmar Ratio Rank: 92
VGELX Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VDEQX vs. VGELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Diversified Equity Fund (VDEQX) and Vanguard Energy Opportunities Fund Admiral Shares (VGELX). 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.

	VDEQX	VGELX	Difference
Sharpe ratio: Return per unit of total volatility	0.95	2.55	-1.60
Sortino ratio: Return per unit of downside risk	1.38	3.44	-2.07
Omega ratio: Gain probability vs. loss probability	1.17	1.44	-0.27
Calmar ratio: Return relative to maximum drawdown	1.21	3.78	-2.57
Martin ratio: Return relative to average drawdown	4.76	12.58	-7.82

VDEQX vs. VGELX - Sharpe Ratio Comparison

The current VDEQX Sharpe Ratio is 0.95, which is lower than the VGELX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of VDEQX and VGELX, 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

VDEQX vs. VGELX - Drawdown Comparison

The maximum VDEQX drawdown since its inception was -56.28%, smaller than the maximum VGELX drawdown of -65.22%. Use the drawdown chart below to compare losses from any high point for VDEQX and VGELX.

Drawdown Indicators

	VDEQX	VGELX	Difference
Max Drawdown Largest peak-to-trough decline	-56.28%	-65.22%	+8.94%
Max Drawdown (1Y) Largest decline over 1 year	-10.86%	-8.75%	-2.11%
Max Drawdown (3Y) Largest decline over 3 years	-20.50%	-12.30%	-8.20%
Max Drawdown (5Y) Largest decline over 5 years	-29.26%	-19.72%	-9.54%
Max Drawdown (10Y) Largest decline over 10 years	-35.47%	-61.13%	+25.66%
Current Drawdown Current decline from peak	-1.91%	-1.51%	-0.40%
Average Drawdown Average peak-to-trough decline	-8.23%	-19.05%	+10.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	2.62%	+0.13%

Volatility

VDEQX vs. VGELX - Volatility Comparison

The current volatility for Vanguard Diversified Equity Fund (VDEQX) is 3.48%, while Vanguard Energy Opportunities Fund Admiral Shares (VGELX) has a volatility of 4.54%. This indicates that VDEQX experiences smaller price fluctuations and is considered to be less risky than VGELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VDEQX	VGELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	4.54%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	10.69%	10.78%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	12.96%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.68%	18.67%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.26%	23.06%	-3.80%

VDEQX vs. VGELX - Expense Ratio Comparison

VDEQX has a 0.35% expense ratio, which is lower than VGELX's 0.37% expense ratio.

Dividends

VDEQX vs. VGELX - Dividend Comparison

VDEQX's dividend yield for the trailing twelve months is around 8.65%, more than VGELX's 7.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VDEQX Vanguard Diversified Equity Fund	8.65%	9.17%	7.53%	4.65%	12.92%	7.13%	5.82%	7.20%	6.61%	4.63%	7.67%	9.42%
VGELX Vanguard Energy Opportunities Fund Admiral Shares	7.00%	4.79%	34.15%	6.91%	4.71%	3.70%	4.54%	3.38%	3.07%	3.05%	1.91%	2.70%

Frequently Asked Questions

Can I hold both VDEQX and VGELX in my portfolio?

VDEQX and VGELX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VDEQX or VGELX?

VGELX has higher volatility (4.54%) compared to VDEQX (3.48%). In terms of maximum drawdown, VDEQX dropped -56.28% vs VGELX's -65.22%.

Which has better risk-adjusted returns?

VGELX currently has the higher Sharpe Ratio (2.55 vs 0.95), 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.