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VENAX vs. VIGAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VENAX vs. VIGAX

Last updated Jun 24, 2026

VENAX (Vanguard Energy Index Fund Admiral Shares) and VIGAX (Vanguard Growth Index Fund Admiral Shares) are both mutual funds - VENAX is a Energy Equities fund managed by Vanguard, while VIGAX is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index. Over the past 10 years, VENAX returned 8.77%/yr vs 18.26%/yr for VIGAX. A 0.50 correlation means they provide meaningful diversification when combined. VENAX charges 0.10%/yr vs 0.05%/yr for VIGAX.

Performance

VENAX vs. VIGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Energy Index Fund Admiral Shares (VENAX) and Vanguard Growth Index Fund Admiral Shares (VIGAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VENAX achieves a 22.81% return, which is significantly higher than VIGAX's 5.74% return. Over the past 10 years, VENAX has underperformed VIGAX with an annualized return of 8.77%, while VIGAX has yielded a comparatively higher 18.26% 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%

VIGAX

1D
-1.35%
1M
-1.90%
YTD
5.74%
6M
4.44%
1Y
22.59%
3Y*
23.61%
5Y*
13.38%
10Y*
18.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VENAX vs. VIGAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VIGAX
Vanguard Growth Index Fund Admiral Shares		5.74%19.43%32.67%46.76%-33.14%27.26%40.18%37.23%-3.35%27.80%

Correlation

The correlation between VENAX and VIGAX is -0.18, 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

-0.18

Correlation (3Y)
Calculated over the trailing 3-year period

0.04

Correlation (5Y)
Calculated over the trailing 5-year period

0.18

Correlation (10Y)
Calculated over the trailing 10-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Sep 29, 2004

0.50

The correlation between VENAX and VIGAX shifts across timeframes, from -0.18 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

VENAX vs. VIGAX - Sectors Allocation Comparison

Sectors
VENAX
VIGAX

Energy

99.5%
0.3%

Basic Materials

0.4%
0.6%

Industrials

0.1%
3.5%

Communication Services

-

16.0%

Consumer Cyclical

-

11.6%

Consumer Defensive

-

1.3%

Financial Services

-

4.0%

Healthcare

-

4.6%

Real Estate

-

0.9%

Technology

-

56.4%

Utilities

-

0.7%

Energy

VENAX
99.5%
VIGAX
0.3%

Basic Materials

VENAX
0.4%
VIGAX
0.6%

Industrials

VENAX
0.1%
VIGAX
3.5%

Communication Services

VENAX

-

VIGAX
16.0%

Consumer Cyclical

VENAX

-

VIGAX
11.6%

Consumer Defensive

VENAX

-

VIGAX
1.3%

Financial Services

VENAX

-

VIGAX
4.0%

Healthcare

VENAX

-

VIGAX
4.6%

Real Estate

VENAX

-

VIGAX
0.9%

Technology

VENAX

-

VIGAX
56.4%

Utilities

VENAX

-

VIGAX
0.7%

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Vanguard Energy Index Fund Admiral Shares

Vanguard Growth Index Fund Admiral Shares

Often compared with VENAX:
VENAX vs. VDEVENAX vs. FSENXVENAX vs. VITAXVENAX vs. VFIAXVENAX vs. VGIAXVENAX vs. VFINXVENAX vs. FSCSX
Often compared with VIGAX:
VIGAX vs. VUGVIGAX vs. INDEXVIGAX vs. VVIAXVIGAX vs. VWUAXVIGAX vs. SCHGVIGAX vs. FLCNXVIGAX vs. FSELX

Return for Risk

VENAX vs. VIGAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VENAX
VENAX Risk / Return Rank: 2424
Overall Rank
VENAX Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
VENAX Sortino Ratio Rank: 2121
Sortino Ratio Rank
VENAX Omega Ratio Rank: 2020
Omega Ratio Rank
VENAX Calmar Ratio Rank: 2929
Calmar Ratio Rank
VENAX Martin Ratio Rank: 2727
Martin Ratio Rank
VIGAX
VIGAX Risk / Return Rank: 2424
Overall Rank
VIGAX Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
VIGAX Sortino Ratio Rank: 2626
Sortino Ratio Rank
VIGAX Omega Ratio Rank: 2727
Omega Ratio Rank
VIGAX Calmar Ratio Rank: 1818
Calmar Ratio Rank
VIGAX Martin Ratio Rank: 2222
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VENAX vs. VIGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy Index Fund Admiral Shares (VENAX) and Vanguard Growth Index Fund Admiral Shares (VIGAX). 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.

VENAXVIGAXDifference
Sharpe ratioReturn per unit of total volatility
1.29
1.43

-0.13

Sortino ratioReturn per unit of downside risk
1.78
1.97

-0.19

Omega ratioGain probability vs. loss probability

1.22

1.25

-0.03

Calmar ratioReturn relative to maximum drawdown

1.89

1.46

+0.44

Martin ratioReturn relative to average drawdown

5.92

5.01

+0.91

VENAX vs. VIGAX - Sharpe Ratio Comparison

The current VENAX Sharpe Ratio is 1.29, which is comparable to the VIGAX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of VENAX and VIGAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VENAX vs. VIGAX - Drawdown Comparison

The maximum VENAX drawdown since its inception was -74.42%, which is greater than VIGAX's maximum drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for VENAX and VIGAX.

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Drawdown Indicators

VENAXVIGAXDifference

Max Drawdown

Largest peak-to-trough decline

-74.42%

-50.66%

-23.76%

Max Drawdown (1Y)

Largest decline over 1 year

-14.22%

-16.51%

+2.29%

Max Drawdown (3Y)

Largest decline over 3 years

-21.44%

-23.04%

+1.60%

Max Drawdown (5Y)

Largest decline over 5 years

-26.59%

-35.63%

+9.04%

Max Drawdown (10Y)

Largest decline over 10 years

-69.58%

-35.63%

-33.95%

Current Drawdown

Current decline from peak

-13.11%

-4.85%

-8.26%

Average Drawdown

Average peak-to-trough decline

-19.96%

-11.94%

-8.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.58%

4.80%

-0.22%

Volatility

VENAX vs. VIGAX - Volatility Comparison

Vanguard Energy Index Fund Admiral Shares (VENAX) has a higher volatility of 7.05% compared to Vanguard Growth Index Fund Admiral Shares (VIGAX) at 6.58%. This indicates that VENAX's price experiences larger fluctuations and is considered to be riskier than VIGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VENAXVIGAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.05%

6.58%

+0.47%

Volatility (6M)

Calculated over the trailing 6-month period

16.66%

13.37%

+3.29%

Volatility (1Y)

Calculated over the trailing 1-year period

20.86%

16.89%

+3.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.40%

22.49%

+3.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.26%

21.67%

+8.59%

VENAX vs. VIGAX - Expense Ratio Comparison

VENAX has a 0.10% expense ratio, which is higher than VIGAX's 0.05% 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. VIGAX - Dividend Comparison

VENAX's dividend yield for the trailing twelve months is around 2.56%, more than VIGAX's 0.38% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VIGAX
Vanguard Growth Index Fund Admiral Shares		0.38%0.40%0.46%0.57%0.69%0.47%0.66%0.94%1.31%1.14%1.39%1.31%

Frequently Asked Questions

VENAX and VIGAX have a correlation of -0.18, 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 VIGAX (6.58%). In terms of maximum drawdown, VENAX dropped -74.42% vs VIGAX's -50.66%.

VIGAX currently has the higher Sharpe Ratio (1.43 vs 1.29), 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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