VENAX vs. BACIX
VENAX (Vanguard Energy Index Fund Admiral Shares) and BACIX (BlackRock Energy Opportunities Fund) are both Energy Equities funds. Over the past 10 years, VENAX returned 10.01%/yr vs 9.60%/yr for BACIX. Their 0.96 correlation means they have historically moved very closely together. VENAX charges 0.10%/yr vs 0.91%/yr for BACIX.
Performance
VENAX vs. BACIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VENAX having a 33.62% return and BACIX slightly lower at 33.03%. Both investments have delivered pretty close results over the past 10 years, with VENAX having a 10.01% annualized return and BACIX not far behind at 9.60%.
VENAX
- 1D
- 0.72%
- 1M
- 10.41%
- 6M
- 17.04%
- YTD
- 33.62%
- 1Y
- 42.35%
- 3Y*
- 14.21%
- 5Y*
- 23.30%
- 10Y*
- 10.01%
- ALL TIME*
- 8.26%
BACIX
- 1D
- 1.06%
- 1M
- 10.91%
- 6M
- 18.16%
- YTD
- 33.03%
- 1Y
- 41.82%
- 3Y*
- 15.49%
- 5Y*
- 21.86%
- 10Y*
- 9.60%
- ALL TIME*
- 6.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VENAX vs. BACIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VENAX Vanguard Energy Index Fund Admiral Shares | 33.62% | 7.29% | 6.57% | 0.05% | 62.94% | 55.57% | -33.27% | 9.36% | -19.90% | -2.39% |
BACIX BlackRock Energy Opportunities Fund | 33.03% | 11.03% | 4.23% | 2.97% | 43.64% | 43.50% | -29.38% | 13.04% | -19.55% | 2.47% |
Correlation
The correlation between VENAX and BACIX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2005 | 0.96 |
The correlation between VENAX and BACIX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
VENAX vs. BACIX — Risk / Return Rank
VENAX
BACIX
VENAX vs. BACIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy Index Fund Admiral Shares (VENAX) and BlackRock Energy Opportunities Fund (BACIX). 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.
| VENAX | BACIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.36 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 3.02 | -0.42 |
| Martin ratioReturn relative to average drawdown | 6.99 | 8.97 | -1.99 |
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Drawdowns
VENAX vs. BACIX - Drawdown Comparison
The maximum VENAX drawdown since its inception was -74.42%, roughly equal to the maximum BACIX drawdown of -77.81%. Use the drawdown chart below to compare losses from any high point for VENAX and BACIX.
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Drawdown Indicators
| VENAX | BACIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.42% | -77.81% | +3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -13.24% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -21.44% | -18.44% | -3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -26.59% | -25.76% | -0.83% |
Max Drawdown (10Y)Largest decline over 10 years | -69.58% | -65.65% | -3.93% |
Current DrawdownCurrent decline from peak | -5.47% | -2.88% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -19.91% | -32.18% | +12.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 4.45% | +1.15% |
Volatility
VENAX vs. BACIX - Volatility Comparison
Vanguard Energy Index Fund Admiral Shares (VENAX) and BlackRock Energy Opportunities Fund (BACIX) have volatilities of 6.12% and 5.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VENAX | BACIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 5.87% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 14.81% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.99% | 18.03% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.17% | 23.34% | +2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.22% | 27.15% | +3.07% |
VENAX vs. BACIX - Expense Ratio Comparison
VENAX has a 0.10% expense ratio, which is lower than BACIX's 0.91% expense ratio.
Dividends
VENAX vs. BACIX - Dividend Comparison
VENAX's dividend yield for the trailing twelve months is around 2.42%, more than BACIX's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BACIX BlackRock Energy Opportunities Fund | 2.04% | 2.79% | 2.63% | 3.39% | 2.49% | 2.67% | 3.66% | 3.06% | 3.43% | 2.76% | 2.38% | 2.51% |
VENAX Vanguard Energy Index Fund Admiral Shares | 2.42% | 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
With a correlation of 0.97, VENAX and BACIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VENAX has higher volatility (6.12%) compared to BACIX (5.87%). In terms of maximum drawdown, VENAX dropped -74.42% vs BACIX's -77.81%.
BACIX currently has the higher Sharpe Ratio (2.22 vs 1.87), 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.
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