VENAX vs. IGNAX
Compare and contrast key facts about Vanguard Energy Index Fund Admiral Shares (VENAX) and Delaware Ivy Natural Resources Fund (IGNAX).
VENAX is managed by Vanguard. It was launched on Oct 7, 2004. IGNAX is managed by Delaware Funds. It was launched on Jan 1, 1997.
Performance
VENAX vs. IGNAX - Performance Comparison
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VENAX vs. IGNAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IGNAX Delaware Ivy Natural Resources Fund | 18.73% | 38.01% | -0.56% | 1.26% | 17.52% | 26.06% | -12.38% | 9.24% | -23.79% | 2.89% |
Returns By Period
In the year-to-date period, VENAX achieves a 38.19% return, which is significantly higher than IGNAX's 18.73% return. Over the past 10 years, VENAX has outperformed IGNAX with an annualized return of 11.16%, while IGNAX has yielded a comparatively lower 8.47% annualized return.
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%
IGNAX
- 1D
- 1.29%
- 1M
- -0.81%
- YTD
- 18.73%
- 6M
- 27.22%
- 1Y
- 61.27%
- 3Y*
- 18.52%
- 5Y*
- 16.68%
- 10Y*
- 8.47%
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VENAX vs. IGNAX - Expense Ratio Comparison
VENAX has a 0.10% expense ratio, which is lower than IGNAX's 1.82% expense ratio.
Return for Risk
VENAX vs. IGNAX — Risk / Return Rank
VENAX
IGNAX
VENAX vs. IGNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy Index Fund Admiral Shares (VENAX) and Delaware Ivy Natural Resources Fund (IGNAX). 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.
| VENAX | IGNAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 2.80 | -1.29 |
Sortino ratioReturn per unit of downside risk | 1.93 | 3.33 | -1.40 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.52 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 3.94 | -1.90 |
Martin ratioReturn relative to average drawdown | 5.86 | 21.18 | -15.32 |
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
| VENAX | IGNAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 2.80 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.76 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.38 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.22 | +0.07 |
Correlation
The correlation between VENAX and IGNAX is 0.87, 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
VENAX vs. IGNAX - Dividend Comparison
VENAX's dividend yield for the trailing twelve months is around 2.27%, while IGNAX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IGNAX Delaware Ivy Natural Resources Fund | 0.00% | 0.00% | 5.68% | 1.94% | 2.02% | 2.30% | 0.29% | 1.75% | 0.00% | 0.00% | 0.06% | 0.00% |
Drawdowns
VENAX vs. IGNAX - Drawdown Comparison
The maximum VENAX drawdown since its inception was -74.42%, roughly equal to the maximum IGNAX drawdown of -77.49%. Use the drawdown chart below to compare losses from any high point for VENAX and IGNAX.
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Drawdown Indicators
| VENAX | IGNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.42% | -77.49% | +3.07% |
Max Drawdown (1Y)Largest decline over 1 year | -19.04% | -15.59% | -3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -26.59% | -24.79% | -1.80% |
Max Drawdown (10Y)Largest decline over 10 years | -69.58% | -57.95% | -11.63% |
Current DrawdownCurrent decline from peak | -2.23% | -9.23% | +7.00% |
Average DrawdownAverage peak-to-trough decline | -20.09% | -35.83% | +15.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.65% | 2.90% | +3.75% |
Volatility
VENAX vs. IGNAX - Volatility Comparison
The current volatility for Vanguard Energy Index Fund Admiral Shares (VENAX) is 4.98%, while Delaware Ivy Natural Resources Fund (IGNAX) has a volatility of 5.41%. This indicates that VENAX experiences smaller price fluctuations and is considered to be less risky than IGNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VENAX | IGNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 5.41% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 13.84% | 14.80% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 22.32% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.55% | 21.99% | +4.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.17% | 22.59% | +7.58% |