VGELX vs. FLOWX

Last updated Jun 3, 2026

VGELX (Vanguard Energy Fund Admiral Shares) and FLOWX (Fidelity Water Sustainability Fund) are both Energy Equities funds. Over the past 5 years, VGELX returned 21.86%/yr vs 6.72%/yr for FLOWX. At a 0.50 correlation, their price movements are largely independent. VGELX charges 0.33%/yr vs 1.00%/yr for FLOWX.

Performance

VGELX vs. FLOWX - Performance Comparison

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

Returns By Period

In the year-to-date period, VGELX achieves a 18.62% return, which is significantly higher than FLOWX's -1.85% return.

VGELX

• 1D: 0.30%
• 1M: -4.49%
• YTD: 18.62%
• 6M: 17.89%
• 1Y: 31.57%
• 3Y*: 27.77%
• 5Y*: 21.86%
• 10Y*: 9.40%

FLOWX

• 1D: -1.24%
• 1M: -5.21%
• YTD: -1.85%
• 6M: -2.22%
• 1Y: 5.47%
• 3Y*: 11.77%
• 5Y*: 6.72%
• 10Y*: —

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

VGELX vs. FLOWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VGELX Vanguard Energy Fund Admiral Shares	18.62%	20.76%	30.46%	8.87%	23.70%	27.80%	18.64%
FLOWX Fidelity Water Sustainability Fund	-1.85%	18.02%	8.78%	18.58%	-19.94%	28.52%	35.89%

Correlation

The correlation between VGELX and FLOWX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020	0.50

Over the past year, the correlation between VGELX and FLOWX has dropped to 0.25 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

VGELX vs. FLOWX — Risk / Return Rank

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

VGELX

VGELX Risk / Return Rank: 85
VGELX Sharpe Ratio Rank: 85
VGELX Sortino Ratio Rank: 78
VGELX Omega Ratio Rank: 73
VGELX Calmar Ratio Rank: 95
VGELX Martin Ratio Rank: 93

FLOWX

FLOWX Risk / Return Rank: 5
FLOWX Sharpe Ratio Rank: 5
FLOWX Sortino Ratio Rank: 5
FLOWX Omega Ratio Rank: 5
FLOWX Calmar Ratio Rank: 5
FLOWX Martin Ratio Rank: 5

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.

VGELX vs. FLOWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy Fund Admiral Shares (VGELX) and Fidelity Water Sustainability Fund (FLOWX). 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.

	VGELX	FLOWX	Difference
Sharpe ratio Return per unit of total volatility	2.73	0.37	+2.36
Sortino ratio Return per unit of downside risk	3.72	0.62	+3.10
Omega ratio Gain probability vs. loss probability	1.48	1.07	+0.41
Calmar ratio Return relative to maximum drawdown	5.81	0.43	+5.39
Martin ratio Return relative to average drawdown	20.33	1.26	+19.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGELX vs. FLOWX - Sharpe Ratio Comparison

The current VGELX Sharpe Ratio is 2.73, which is higher than the FLOWX Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of VGELX and FLOWX, 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

	VGELX	FLOWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.73	0.37	+2.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.17	0.38	+0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.71	-0.36

Drawdowns

VGELX vs. FLOWX - Drawdown Comparison

The maximum VGELX drawdown since its inception was -65.22%, which is greater than FLOWX's maximum drawdown of -30.63%. Use the drawdown chart below to compare losses from any high point for VGELX and FLOWX.

Drawdown Indicators

	VGELX	FLOWX	Difference
Max Drawdown Largest peak-to-trough decline	-65.22%	-30.63%	-34.59%
Max Drawdown (1Y) Largest decline over 1 year	-5.69%	-12.84%	+7.15%
Max Drawdown (3Y) Largest decline over 3 years	-12.30%	-16.13%	+3.83%
Max Drawdown (5Y) Largest decline over 5 years	-19.72%	-30.63%	+10.91%
Max Drawdown (10Y) Largest decline over 10 years	-61.13%	—	—
Current Drawdown Current decline from peak	-5.41%	-12.06%	+6.65%
Average Drawdown Average peak-to-trough decline	-19.15%	-7.37%	-11.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	4.35%	-2.72%

Volatility

VGELX vs. FLOWX - Volatility Comparison

The current volatility for Vanguard Energy Fund Admiral Shares (VGELX) is 4.74%, while Fidelity Water Sustainability Fund (FLOWX) has a volatility of 5.29%. This indicates that VGELX experiences smaller price fluctuations and is considered to be less risky than FLOWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGELX	FLOWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.74%	5.29%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	11.17%	-1.03%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	14.32%	-2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.72%	17.86%	+0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.21%	18.17%	+5.04%

VGELX vs. FLOWX - Expense Ratio Comparison

VGELX has a 0.33% expense ratio, which is lower than FLOWX's 1.00% expense ratio.

Dividends

VGELX vs. FLOWX - Dividend Comparison

VGELX's dividend yield for the trailing twelve months is around 7.28%, more than FLOWX's 2.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLOWX Fidelity Water Sustainability Fund	2.99%	2.93%	2.51%	0.42%	0.08%	1.41%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%
VGELX Vanguard Energy Fund Admiral Shares	7.28%	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 FLOWX in my portfolio?

VGELX and FLOWX have a correlation of 0.25, 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 FLOWX?

FLOWX has higher volatility (5.29%) compared to VGELX (4.74%). In terms of maximum drawdown, VGELX dropped -65.22% vs FLOWX's -30.63%.

Which has better risk-adjusted returns?

VGELX currently has the higher Sharpe Ratio (2.73 vs 0.37), 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.