VENAX vs. RMLPX
VENAX (Vanguard Energy Index Fund Admiral Shares) and RMLPX (Recurrent MLP & Infrastructure Fund) are both mutual funds - VENAX is a Energy Equities fund managed by Vanguard, while RMLPX is a Infrastructure Equities fund managed by Recurrent. Over the past 5 years, VENAX returned 23.30%/yr vs 27.53%/yr for RMLPX. Their correlation of 0.89 means they have usually moved in the same direction. VENAX charges 0.10%/yr vs 1.25%/yr for RMLPX.
Performance
VENAX vs. RMLPX - Performance Comparison
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Returns By Period
In the year-to-date period, VENAX achieves a 33.62% return, which is significantly lower than RMLPX's 39.36% 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%
RMLPX
- 1D
- 0.60%
- 1M
- 7.98%
- 6M
- 27.09%
- YTD
- 39.36%
- 1Y
- 45.90%
- 3Y*
- 28.04%
- 5Y*
- 27.53%
- 10Y*
- —
- ALL TIME*
- 14.04%
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. RMLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
RMLPX Recurrent MLP & Infrastructure Fund | 39.36% | 8.98% | 30.03% | 16.79% | 35.03% | 42.56% | -28.37% | 15.33% | -15.93% |
Correlation
The correlation between VENAX and RMLPX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2018 | 0.89 |
The correlation between VENAX and RMLPX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
VENAX vs. RMLPX — Risk / Return Rank
VENAX
RMLPX
VENAX vs. RMLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy Index Fund Admiral Shares (VENAX) and Recurrent MLP & Infrastructure Fund (RMLPX). 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 | RMLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 4.88 | -2.28 |
| Martin ratioReturn relative to average drawdown | 6.99 | 13.01 | -6.03 |
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Drawdowns
VENAX vs. RMLPX - Drawdown Comparison
The maximum VENAX drawdown since its inception was -74.42%, which is greater than RMLPX's maximum drawdown of -66.95%. Use the drawdown chart below to compare losses from any high point for VENAX and RMLPX.
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Drawdown Indicators
| VENAX | RMLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.42% | -66.95% | -7.47% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -9.09% | -5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -21.44% | -18.75% | -2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -26.59% | -22.83% | -3.76% |
Max Drawdown (10Y)Largest decline over 10 years | -69.58% | — | — |
Current DrawdownCurrent decline from peak | -5.47% | -2.18% | -3.29% |
Average DrawdownAverage peak-to-trough decline | -19.91% | -10.14% | -9.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 3.40% | +2.20% |
Volatility
VENAX vs. RMLPX - Volatility Comparison
Vanguard Energy Index Fund Admiral Shares (VENAX) and Recurrent MLP & Infrastructure Fund (RMLPX) have volatilities of 6.12% and 6.09%, 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 | RMLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 6.09% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 14.14% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.99% | 17.19% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.17% | 21.25% | +4.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.22% | 27.92% | +2.30% |
VENAX vs. RMLPX - Expense Ratio Comparison
VENAX has a 0.10% expense ratio, which is lower than RMLPX's 1.25% expense ratio.
Dividends
VENAX vs. RMLPX - Dividend Comparison
VENAX's dividend yield for the trailing twelve months is around 2.42%, less than RMLPX's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMLPX Recurrent MLP & Infrastructure Fund | 4.67% | 6.38% | 7.63% | 6.49% | 7.08% | 8.89% | 13.48% | 7.25% | 5.85% | 0.00% | 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 RMLPX have a correlation of 0.88, 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 RMLPX (6.09%). In terms of maximum drawdown, VENAX dropped -74.42% vs RMLPX's -66.95%.
RMLPX currently has the higher Sharpe Ratio (2.58 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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