VENAX vs. VDE
Compare and contrast key facts about Vanguard Energy Index Fund Admiral Shares (VENAX) and Vanguard Energy ETF (VDE).
VENAX is managed by Vanguard. It was launched on Oct 7, 2004. VDE is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Energy 25/50 Index. It was launched on Sep 23, 2004.
Performance
VENAX vs. VDE - Performance Comparison
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VENAX vs. VDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VENAX Vanguard Energy Index Fund Admiral Shares | 39.76% | 7.29% | 6.57% | 0.05% | 62.94% | 55.57% | -33.27% | 9.36% | -19.90% | -2.39% |
VDE Vanguard Energy ETF | 38.21% | 7.11% | 6.75% | 0.03% | 62.89% | 56.31% | -33.02% | 9.28% | -19.95% | -2.50% |
Returns By Period
The year-to-date returns for both stocks are quite close, with VENAX having a 39.76% return and VDE slightly lower at 38.21%. Both investments have delivered pretty close results over the past 10 years, with VENAX having a 11.29% annualized return and VDE not far behind at 11.24%.
VENAX
- 1D
- -1.12%
- 1M
- 11.69%
- YTD
- 39.76%
- 6M
- 41.02%
- 1Y
- 39.10%
- 3Y*
- 18.90%
- 5Y*
- 25.11%
- 10Y*
- 11.29%
VDE
- 1D
- -1.12%
- 1M
- 10.44%
- YTD
- 38.21%
- 6M
- 39.44%
- 1Y
- 37.45%
- 3Y*
- 18.47%
- 5Y*
- 24.23%
- 10Y*
- 11.24%
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VENAX vs. VDE - Expense Ratio Comparison
Both VENAX and VDE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VENAX vs. VDE — Risk / Return Rank
VENAX
VDE
VENAX vs. VDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy Index Fund Admiral Shares (VENAX) and Vanguard Energy ETF (VDE). 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 | VDE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.63 | 1.51 | +0.12 |
Sortino ratioReturn per unit of downside risk | 2.05 | 1.93 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.05 | +0.03 |
Martin ratioReturn relative to average drawdown | 5.98 | 5.89 | +0.09 |
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 | VDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 1.51 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.92 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.38 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.29 | 0.00 |
Correlation
The correlation between VENAX and VDE is 1.00, 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. VDE - Dividend Comparison
VENAX's dividend yield for the trailing twelve months is around 2.25%, which matches VDE's 2.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VENAX Vanguard Energy Index Fund Admiral Shares | 2.25% | 3.10% | 3.24% | 3.34% | 3.65% | 3.80% | 4.76% | 3.41% | 3.35% | 2.90% | 2.31% | 3.17% |
VDE Vanguard Energy ETF | 2.27% | 3.11% | 3.23% | 3.34% | 3.65% | 4.13% | 4.76% | 3.42% | 3.35% | 2.90% | 2.31% | 3.17% |
Drawdowns
VENAX vs. VDE - Drawdown Comparison
The maximum VENAX drawdown since its inception was -74.42%, roughly equal to the maximum VDE drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for VENAX and VDE.
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Drawdown Indicators
| VENAX | VDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.42% | -74.20% | -0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -19.04% | -18.91% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -26.59% | -26.58% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -69.58% | -69.29% | -0.29% |
Current DrawdownCurrent decline from peak | -1.12% | -2.21% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -20.09% | -20.07% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.64% | 6.60% | +0.04% |
Volatility
VENAX vs. VDE - Volatility Comparison
Vanguard Energy Index Fund Admiral Shares (VENAX) and Vanguard Energy ETF (VDE) have volatilities of 5.01% and 4.96%, 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 | VDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 4.96% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 13.94% | 13.82% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.99% | 24.93% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.55% | 26.51% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.17% | 29.86% | +0.31% |