VGELX vs. FDVV

Last updated Aug 2, 2026

VGELX (Vanguard Energy Fund Admiral Shares) and FDVV (Fidelity High Dividend ETF) are both funds - VGELX is a Energy Equities fund managed by Vanguard, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. Over the past 5 years, VGELX returned 23.85%/yr vs 14.17%/yr for FDVV. Their 0.66 correlation means they have sometimes moved together and sometimes differently. VGELX charges 0.33%/yr vs 0.29%/yr for FDVV.

Performance

VGELX vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Energy Fund Admiral Shares (VGELX) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGELX achieves a 22.90% return, which is significantly higher than FDVV's 12.19% return.

VGELX

• 1D: 0.65%
• 1M: 5.58%
• 6M: 13.69%
• YTD: 22.90%
• 1Y: 32.82%
• 3Y*: 25.70%
• 5Y*: 23.85%
• 10Y*: 9.86%
• ALL TIME*: 9.06%

FDVV

• 1D: -0.35%
• 1M: 2.09%
• 6M: 9.39%
• YTD: 12.19%
• 1Y: 21.53%
• 3Y*: 18.35%
• 5Y*: 14.17%
• 10Y*: —
• ALL TIME*: 13.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDVV Fidelity High Dividend ETF	$48.25M	$48.28M	$45.73M
VGELX Vanguard Energy Fund Admiral Shares	$0.00	$0.00	$0.00

VGELX vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGELX Vanguard Energy Fund Admiral Shares	22.90%	20.76%	30.46%	8.87%	23.70%	27.80%	-30.80%	13.32%	-17.12%	3.31%
FDVV Fidelity High Dividend ETF	12.19%	17.08%	21.81%	18.00%	-4.21%	29.24%	2.80%	24.07%	-1.26%	14.00%

Correlation

The correlation between VGELX and FDVV is 0.20, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.20
Correlation (3Y) Balances recent behavior with more history.	0.46
Correlation (5Y) Shows whether the relationship held over a longer period.	0.61
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016	0.66

Over the past year, the correlation between VGELX and FDVV has dropped to 0.20 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

VGELX vs. FDVV - Sectors Allocation Comparison

Sectors	VGELX	FDVV
Energy	57.0%	-
Utilities	41.9%	9.1%
Basic Materials	1.1%	-
Financial Services	0.0%	18.5%
Real Estate	0.0%	10.0%
Communication Services	-	3.4%
Consumer Cyclical	-	13.4%
Consumer Defensive	-	11.0%
Healthcare	-	3.3%
Industrials	-	3.2%
Technology	-	28.1%

Return for Risk

VGELX vs. FDVV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VGELX

VGELX Risk / Return Rank: 91
VGELX Sharpe Ratio Rank: 95
VGELX Sortino Ratio Rank: 90
VGELX Omega Ratio Rank: 87
VGELX Calmar Ratio Rank: 93
VGELX Martin Ratio Rank: 91

FDVV

FDVV Risk / Return Rank: 78
FDVV Sharpe Ratio Rank: 85
FDVV Sortino Ratio Rank: 84
FDVV Omega Ratio Rank: 84
FDVV Calmar Ratio Rank: 64
FDVV Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VGELX vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy Fund Admiral Shares (VGELX) and Fidelity High Dividend ETF (FDVV). 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.

	VGELX	FDVV	Difference
Sharpe ratio: Return per unit of total volatility	2.51	1.99	+0.52
Sortino ratio: Return per unit of downside risk	3.39	2.77	+0.62
Omega ratio: Gain probability vs. loss probability	1.43	1.36	+0.07
Calmar ratio: Return relative to maximum drawdown	3.71	2.21	+1.50
Martin ratio: Return relative to average drawdown	12.36	9.10	+3.26

VGELX vs. FDVV - Sharpe Ratio Comparison

The current VGELX Sharpe Ratio is 2.51, which is comparable to the FDVV Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of VGELX and FDVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VGELX vs. FDVV - Drawdown Comparison

The maximum VGELX drawdown since its inception was -65.22%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for VGELX and FDVV.

Drawdown Indicators

	VGELX	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-65.22%	-40.25%	-24.97%
Max Drawdown (1Y) Largest decline over 1 year	-8.75%	-9.30%	+0.55%
Max Drawdown (3Y) Largest decline over 3 years	-12.30%	-15.90%	+3.60%
Max Drawdown (5Y) Largest decline over 5 years	-19.72%	-20.18%	+0.46%
Max Drawdown (10Y) Largest decline over 10 years	-61.13%	—	—
Current Drawdown Current decline from peak	-1.99%	-1.12%	-0.87%
Average Drawdown Average peak-to-trough decline	-19.05%	-3.76%	-15.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	2.26%	+0.36%

Volatility

VGELX vs. FDVV - Volatility Comparison

Vanguard Energy Fund Admiral Shares (VGELX) has a higher volatility of 4.88% compared to Fidelity High Dividend ETF (FDVV) at 3.04%. This indicates that VGELX's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGELX	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	3.04%	+1.84%
Volatility (6M) Calculated over the trailing 6-month period	10.80%	8.35%	+2.45%
Volatility (1Y) Calculated over the trailing 1-year period	12.98%	10.37%	+2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.68%	14.68%	+4.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.08%	16.91%	+6.17%

VGELX vs. FDVV - Expense Ratio Comparison

VGELX has a 0.33% expense ratio, which is higher than FDVV's 0.29% expense ratio.

Dividends

VGELX vs. FDVV - Dividend Comparison

VGELX's dividend yield for the trailing twelve months is around 7.03%, more than FDVV's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDVV Fidelity High Dividend ETF	2.76%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%	0.00%
VGELX Vanguard Energy Fund Admiral Shares	7.03%	4.79%	34.15%	6.91%	4.71%	3.70%	4.54%	3.38%	3.07%	3.05%	1.91%	2.70%

Frequently Asked Questions

Can I hold both VGELX and FDVV in my portfolio?

VGELX and FDVV have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VGELX or FDVV?

VGELX has higher volatility (4.88%) compared to FDVV (3.04%). In terms of maximum drawdown, VGELX dropped -65.22% vs FDVV's -40.25%.

Which has better risk-adjusted returns?

VGELX currently has the higher Sharpe Ratio (2.51 vs 1.99), 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.