VENAX vs. GLEIX
VENAX (Vanguard Energy Index Fund Admiral Shares) and GLEIX (Goldman Sachs Energy Infrastructure Fund) are both mutual funds - VENAX is a Energy Equities fund managed by Vanguard, while GLEIX is a Infrastructure Equities fund managed by Goldman Sachs. Over the past 5 years, VENAX returned 23.30%/yr vs 24.87%/yr for GLEIX. Their correlation of 0.82 means they have usually moved in the same direction. VENAX charges 0.10%/yr vs 1.23%/yr for GLEIX.
Performance
VENAX vs. GLEIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VENAX achieves a 33.62% return, which is significantly higher than GLEIX's 26.38% return.
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%
GLEIX
- 1D
- 0.31%
- 1M
- 3.06%
- 6M
- 17.52%
- YTD
- 26.38%
- 1Y
- 28.99%
- 3Y*
- 30.14%
- 5Y*
- 24.87%
- 10Y*
- —
- ALL TIME*
- 15.33%
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. GLEIX - 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% | 7.91% |
GLEIX Goldman Sachs Energy Infrastructure Fund | 26.38% | 5.30% | 58.18% | 15.08% | 18.96% | 38.31% | -17.46% | 16.95% | -15.17% | 6.98% |
Correlation
The correlation between VENAX and GLEIX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017 | 0.82 |
The correlation between VENAX and GLEIX shifts across timeframes, from 0.71 (3 years) to 0.82 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VENAX vs. GLEIX — Risk / Return Rank
VENAX
GLEIX
VENAX vs. GLEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy Index Fund Admiral Shares (VENAX) and Goldman Sachs Energy Infrastructure Fund (GLEIX). 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 | GLEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 4.13 | -1.53 |
| Martin ratioReturn relative to average drawdown | 6.99 | 9.47 | -2.48 |
Loading charts...
Drawdowns
VENAX vs. GLEIX - Drawdown Comparison
The maximum VENAX drawdown since its inception was -74.42%, which is greater than GLEIX's maximum drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for VENAX and GLEIX.
Loading charts...
Drawdown Indicators
| VENAX | GLEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.42% | -59.27% | -15.15% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -7.29% | -7.76% |
Max Drawdown (3Y)Largest decline over 3 years | -21.44% | -17.07% | -4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -26.59% | -21.89% | -4.70% |
Max Drawdown (10Y)Largest decline over 10 years | -69.58% | — | — |
Current DrawdownCurrent decline from peak | -5.47% | -3.00% | -2.47% |
Average DrawdownAverage peak-to-trough decline | -19.91% | -8.45% | -11.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 3.17% | +2.43% |
Volatility
VENAX vs. GLEIX - Volatility Comparison
Vanguard Energy Index Fund Admiral Shares (VENAX) has a higher volatility of 6.12% compared to Goldman Sachs Energy Infrastructure Fund (GLEIX) at 5.45%. This indicates that VENAX's price experiences larger fluctuations and is considered to be riskier than GLEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VENAX | GLEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 5.45% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 11.97% | +4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.99% | 14.97% | +6.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.17% | 20.51% | +5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.22% | 25.34% | +4.88% |
VENAX vs. GLEIX - Expense Ratio Comparison
VENAX has a 0.10% expense ratio, which is lower than GLEIX's 1.23% expense ratio.
Dividends
VENAX vs. GLEIX - Dividend Comparison
VENAX's dividend yield for the trailing twelve months is around 2.42%, less than GLEIX's 8.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLEIX Goldman Sachs Energy Infrastructure Fund | 8.18% | 10.00% | 25.43% | 10.22% | 4.70% | 8.41% | 4.17% | 4.83% | 3.54% | 0.68% | 0.00% | 0.00% |
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
VENAX and GLEIX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VENAX has higher volatility (6.12%) compared to GLEIX (5.45%). In terms of maximum drawdown, VENAX dropped -74.42% vs GLEIX's -59.27%.
GLEIX currently has the higher Sharpe Ratio (2.01 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.
Find the right allocation for VENAX and GLEIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer