VFIAX vs. VENAX

Last updated Jun 4, 2026

VFIAX (Vanguard 500 Index Fund Admiral Shares) and VENAX (Vanguard Energy Index Fund Admiral Shares) are both mutual funds - VFIAX is a S&P 500 fund tracking the S&P 500 Index, while VENAX is a Energy Equities fund managed by Vanguard. Over the past 10 years, VFIAX returned 15.63%/yr vs 9.50%/yr for VENAX. A 0.60 correlation means they provide meaningful diversification when combined. VFIAX charges 0.04%/yr vs 0.10%/yr for VENAX.

Performance

VFIAX vs. VENAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard 500 Index Fund Admiral Shares (VFIAX) and Vanguard Energy Index Fund Admiral Shares (VENAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VFIAX achieves a 11.69% return, which is significantly lower than VENAX's 30.74% return. Over the past 10 years, VFIAX has outperformed VENAX with an annualized return of 15.63%, while VENAX has yielded a comparatively lower 9.50% annualized return.

VFIAX

• 1D: 0.13%
• 1M: 5.80%
• YTD: 11.69%
• 6M: 11.73%
• 1Y: 28.95%
• 3Y*: 22.72%
• 5Y*: 14.24%
• 10Y*: 15.63%

VENAX

• 1D: 1.15%
• 1M: -3.23%
• YTD: 30.74%
• 6M: 27.90%
• 1Y: 43.96%
• 3Y*: 17.52%
• 5Y*: 20.23%
• 10Y*: 9.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VFIAX vs. VENAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VFIAX Vanguard 500 Index Fund Admiral Shares	11.69%	17.83%	24.97%	26.24%	-18.16%	28.65%	18.32%	31.46%	-4.45%	21.78%
VENAX Vanguard Energy Index Fund Admiral Shares	30.74%	7.29%	6.57%	0.05%	62.94%	55.57%	-33.27%	9.36%	-19.90%	-2.39%

Correlation

The correlation between VFIAX and VENAX is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Sep 30, 2004	0.60

The correlation between VFIAX and VENAX shifts across timeframes, from -0.06 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

VFIAX vs. VENAX - Sectors Allocation Comparison

Sectors	VFIAX	VENAX
Technology	35.7%	-
Financial Services	11.6%	-
Communication Services	11.3%	-
Consumer Cyclical	10.2%	-
Healthcare	8.5%	-
Industrials	8.3%	0.1%
Consumer Defensive	4.9%	-
Energy	3.5%	99.5%
Utilities	2.4%	-
Real Estate	1.9%	-
Basic Materials	1.8%	0.4%

Return for Risk

VFIAX vs. VENAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VFIAX

VFIAX Risk / Return Rank: 73
VFIAX Sharpe Ratio Rank: 75
VFIAX Sortino Ratio Rank: 67
VFIAX Omega Ratio Rank: 67
VFIAX Calmar Ratio Rank: 74
VFIAX Martin Ratio Rank: 83

VENAX

VENAX Risk / Return Rank: 58
VENAX Sharpe Ratio Rank: 59
VENAX Sortino Ratio Rank: 48
VENAX Omega Ratio Rank: 45
VENAX Calmar Ratio Rank: 84
VENAX Martin Ratio Rank: 57

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.

VFIAX vs. VENAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard 500 Index Fund Admiral Shares (VFIAX) and Vanguard Energy Index Fund Admiral Shares (VENAX). 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.

	VFIAX	VENAX	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.26	+0.25
Sortino ratio: Return per unit of downside risk	3.42	2.90	+0.52
Omega ratio: Gain probability vs. loss probability	1.46	1.36	+0.10
Calmar ratio: Return relative to maximum drawdown	3.35	3.91	-0.56
Martin ratio: Return relative to average drawdown	15.66	11.54	+4.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFIAX vs. VENAX - Sharpe Ratio Comparison

The current VFIAX Sharpe Ratio is 2.52, which is comparable to the VENAX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of VFIAX and VENAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VFIAX	VENAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.26	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.77	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	0.32	+0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.27	+0.19

Drawdowns

VFIAX vs. VENAX - Drawdown Comparison

The maximum VFIAX drawdown since its inception was -55.20%, smaller than the maximum VENAX drawdown of -74.42%. Use the drawdown chart below to compare losses from any high point for VFIAX and VENAX.

Drawdown Indicators

	VFIAX	VENAX	Difference
Max Drawdown Largest peak-to-trough decline	-55.20%	-74.42%	+19.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-11.79%	+2.89%
Max Drawdown (3Y) Largest decline over 3 years	-18.75%	-21.44%	+2.69%
Max Drawdown (5Y) Largest decline over 5 years	-24.53%	-26.59%	+2.06%
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	-69.58%	+35.75%
Current Drawdown Current decline from peak	0.00%	-7.50%	+7.50%
Average Drawdown Average peak-to-trough decline	-9.40%	-19.98%	+10.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	3.99%	-2.09%

Volatility

VFIAX vs. VENAX - Volatility Comparison

The current volatility for Vanguard 500 Index Fund Admiral Shares (VFIAX) is 2.82%, while Vanguard Energy Index Fund Admiral Shares (VENAX) has a volatility of 7.91%. This indicates that VFIAX experiences smaller price fluctuations and is considered to be less risky than VENAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFIAX	VENAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	7.91%	-5.09%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	16.29%	-7.31%
Volatility (1Y) Calculated over the trailing 1-year period	11.86%	20.40%	-8.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	26.43%	-9.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.07%	30.24%	-12.17%

VFIAX vs. VENAX - Expense Ratio Comparison

VFIAX has a 0.04% expense ratio, which is lower than VENAX's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VFIAX vs. VENAX - Dividend Comparison

VFIAX's dividend yield for the trailing twelve months is around 1.01%, less than VENAX's 2.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VENAX Vanguard Energy Index Fund Admiral Shares	2.40%	3.10%	3.24%	3.34%	3.65%	3.80%	4.76%	3.41%	3.35%	2.90%	2.31%	3.17%
VFIAX Vanguard 500 Index Fund Admiral Shares	1.01%	1.12%	1.24%	1.45%	1.68%	1.24%	1.53%	1.87%	2.05%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both VFIAX and VENAX in my portfolio?

VFIAX and VENAX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VFIAX or VENAX?

VENAX has higher volatility (7.91%) compared to VFIAX (2.82%). In terms of maximum drawdown, VFIAX dropped -55.20% vs VENAX's -74.42%.

Which has better risk-adjusted returns?

VFIAX currently has the higher Sharpe Ratio (2.52 vs 2.26), 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.