VENAX vs. VBTLX
VENAX (Vanguard Energy Index Fund Admiral Shares) and VBTLX (Vanguard Total Bond Market Index Fund Admiral Shares) are both mutual funds - VENAX is a Energy Equities fund managed by Vanguard, while VBTLX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, VENAX returned 8.77%/yr vs 1.50%/yr for VBTLX. At a correlation of -0.22, they often move in opposite directions. VENAX charges 0.10%/yr vs 0.04%/yr for VBTLX.
Performance
VENAX vs. VBTLX - Performance Comparison
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Returns By Period
In the year-to-date period, VENAX achieves a 22.81% return, which is significantly higher than VBTLX's 0.11% return. Over the past 10 years, VENAX has outperformed VBTLX with an annualized return of 8.77%, while VBTLX has yielded a comparatively lower 1.50% annualized return.
VENAX
- 1D
- 1.29%
- 1M
- -8.51%
- YTD
- 22.81%
- 6M
- 23.30%
- 1Y
- 30.20%
- 3Y*
- 15.91%
- 5Y*
- 18.73%
- 10Y*
- 8.77%
VBTLX
- 1D
- -0.31%
- 1M
- 0.66%
- YTD
- 0.11%
- 6M
- 0.45%
- 1Y
- 4.14%
- 3Y*
- 3.94%
- 5Y*
- 0.02%
- 10Y*
- 1.50%
VENAX vs. VBTLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VENAX Vanguard Energy Index Fund Admiral Shares | 22.81% | 7.29% | 6.57% | 0.05% | 62.94% | 55.57% | -33.27% | 9.36% | -19.90% | -2.39% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 0.11% | 7.17% | 1.26% | 5.74% | -13.16% | -1.81% | 7.72% | 8.73% | -0.25% | 3.56% |
Correlation
The correlation between VENAX and VBTLX is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | -0.22 |
The correlation between VENAX and VBTLX shifts across timeframes, from -0.27 (1 year) to -0.08 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VENAX vs. VBTLX — Risk / Return Rank
VENAX
VBTLX
VENAX vs. VBTLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy Index Fund Admiral Shares (VENAX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). 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 | VBTLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.51 | +0.38 |
| Martin ratioReturn relative to average drawdown | 5.92 | 4.28 | +1.64 |
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Drawdowns
VENAX vs. VBTLX - Drawdown Comparison
The maximum VENAX drawdown since its inception was -74.42%, which is greater than VBTLX's maximum drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for VENAX and VBTLX.
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Drawdown Indicators
| VENAX | VBTLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.42% | -18.81% | -55.61% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -2.89% | -11.33% |
Max Drawdown (3Y)Largest decline over 3 years | -21.44% | -6.00% | -15.44% |
Max Drawdown (5Y)Largest decline over 5 years | -26.59% | -18.14% | -8.45% |
Max Drawdown (10Y)Largest decline over 10 years | -69.58% | -18.81% | -50.77% |
Current DrawdownCurrent decline from peak | -13.11% | -2.48% | -10.63% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -2.67% | -17.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 1.02% | +3.56% |
Volatility
VENAX vs. VBTLX - Volatility Comparison
Vanguard Energy Index Fund Admiral Shares (VENAX) has a higher volatility of 7.05% compared to Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) at 1.17%. This indicates that VENAX's price experiences larger fluctuations and is considered to be riskier than VBTLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VENAX | VBTLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.05% | 1.17% | +5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 16.66% | 2.88% | +13.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.86% | 3.92% | +16.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.40% | 6.01% | +20.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.26% | 4.99% | +25.27% |
VENAX vs. VBTLX - Expense Ratio Comparison
VENAX has a 0.10% expense ratio, which is higher than VBTLX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VENAX vs. VBTLX - Dividend Comparison
VENAX's dividend yield for the trailing twelve months is around 2.56%, less than VBTLX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.99% | 3.87% | 3.69% | 3.10% | 2.59% | 1.96% | 2.39% | 2.74% | 2.57% | 2.56% | 2.53% | 2.82% |
VENAX Vanguard Energy Index Fund Admiral Shares | 2.56% | 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 VBTLX have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VENAX has higher volatility (7.05%) compared to VBTLX (1.17%). In terms of maximum drawdown, VENAX dropped -74.42% vs VBTLX's -18.81%.
VENAX currently has the higher Sharpe Ratio (1.29 vs 1.12), 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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