VGELX vs. IEYYX

Last updated Jun 24, 2026

VGELX (Vanguard Energy Fund Admiral Shares) and IEYYX (Delaware Ivy Energy Fund) are both Energy Equities funds. Over the past 10 years, VGELX returned 9.18%/yr vs 1.48%/yr for IEYYX. Their correlation of 0.92 suggests significant overlap in exposure. VGELX charges 0.33%/yr vs 1.28%/yr for IEYYX.

Performance

VGELX vs. IEYYX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with VGELX having a 16.66% return and IEYYX slightly higher at 16.88%. Over the past 10 years, VGELX has outperformed IEYYX with an annualized return of 9.18%, while IEYYX has yielded a comparatively lower 1.48% annualized return.

VGELX

• 1D: 0.97%
• 1M: -4.94%
• YTD: 16.66%
• 6M: 17.04%
• 1Y: 25.82%
• 3Y*: 27.05%
• 5Y*: 21.78%
• 10Y*: 9.18%

IEYYX

• 1D: 0.39%
• 1M: -1.83%
• YTD: 16.88%
• 6M: 16.35%
• 1Y: 40.01%
• 3Y*: 12.00%
• 5Y*: 14.06%
• 10Y*: 1.48%

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

VGELX vs. IEYYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGELX Vanguard Energy Fund Admiral Shares	16.66%	20.76%	30.46%	8.87%	23.70%	27.80%	-30.80%	13.32%	-17.12%	3.31%
IEYYX Delaware Ivy Energy Fund	16.88%	22.56%	-3.60%	-4.08%	41.14%	43.34%	-38.68%	4.25%	-34.47%	-12.98%

Correlation

The correlation between VGELX and IEYYX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Apr 5, 2006	0.92

Over the past year, the correlation between VGELX and IEYYX has dropped to 0.54 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.

Return for Risk

VGELX vs. IEYYX — Risk / Return Rank

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

VGELX

VGELX Risk / Return Rank: 62
VGELX Sharpe Ratio Rank: 58
VGELX Sortino Ratio Rank: 55
VGELX Omega Ratio Rank: 52
VGELX Calmar Ratio Rank: 76
VGELX Martin Ratio Rank: 68

IEYYX

IEYYX Risk / Return Rank: 93
IEYYX Sharpe Ratio Rank: 94
IEYYX Sortino Ratio Rank: 90
IEYYX Omega Ratio Rank: 85
IEYYX Calmar Ratio Rank: 98
IEYYX Martin Ratio Rank: 97

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. IEYYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy Fund Admiral Shares (VGELX) and Delaware Ivy Energy Fund (IEYYX). 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	IEYYX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	3.02	-0.95
Sortino ratio: Return per unit of downside risk	2.86	4.05	-1.19
Omega ratio: Gain probability vs. loss probability	1.36	1.53	-0.16
Calmar ratio: Return relative to maximum drawdown	3.23	7.26	-4.03
Martin ratio: Return relative to average drawdown	12.40	26.28	-13.88

VGELX vs. IEYYX - Sharpe Ratio Comparison

The current VGELX Sharpe Ratio is 2.07, which is lower than the IEYYX Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of VGELX and IEYYX, 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. IEYYX - Drawdown Comparison

The maximum VGELX drawdown since its inception was -65.22%, smaller than the maximum IEYYX drawdown of -85.16%. Use the drawdown chart below to compare losses from any high point for VGELX and IEYYX.

Drawdown Indicators

	VGELX	IEYYX	Difference
Max Drawdown Largest peak-to-trough decline	-65.22%	-85.16%	+19.94%
Max Drawdown (1Y) Largest decline over 1 year	-7.86%	-5.56%	-2.30%
Max Drawdown (3Y) Largest decline over 3 years	-12.30%	-22.71%	+10.41%
Max Drawdown (5Y) Largest decline over 5 years	-19.72%	-30.43%	+10.71%
Max Drawdown (10Y) Largest decline over 10 years	-61.13%	-81.45%	+20.32%
Current Drawdown Current decline from peak	-6.97%	-24.47%	+17.50%
Average Drawdown Average peak-to-trough decline	-19.11%	-35.14%	+16.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	1.53%	+0.52%

Volatility

VGELX vs. IEYYX - Volatility Comparison

The current volatility for Vanguard Energy Fund Admiral Shares (VGELX) is 3.91%, while Delaware Ivy Energy Fund (IEYYX) has a volatility of 4.63%. This indicates that VGELX experiences smaller price fluctuations and is considered to be less risky than IEYYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGELX	IEYYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	4.63%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	10.33%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.28%	13.40%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.69%	21.61%	-2.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.18%	30.84%	-7.66%

VGELX vs. IEYYX - Expense Ratio Comparison

VGELX has a 0.33% expense ratio, which is lower than IEYYX's 1.28% expense ratio.

Dividends

VGELX vs. IEYYX - Dividend Comparison

VGELX's dividend yield for the trailing twelve months is around 7.41%, more than IEYYX's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEYYX Delaware Ivy Energy Fund	0.74%	0.87%	0.91%	2.37%	1.33%	1.49%	2.17%	0.00%	0.00%	0.36%	0.00%	0.00%
VGELX Vanguard Energy Fund Admiral Shares	7.41%	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 IEYYX in my portfolio?

VGELX and IEYYX have a correlation of 0.54, 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 IEYYX?

IEYYX has higher volatility (4.63%) compared to VGELX (3.91%). In terms of maximum drawdown, VGELX dropped -65.22% vs IEYYX's -85.16%.

Which has better risk-adjusted returns?

IEYYX currently has the higher Sharpe Ratio (3.02 vs 2.07), 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.