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VGELX vs. VGPMX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VGELX vs. VGPMX

Last updated Aug 3, 2026
Documentation

VGELX (Vanguard Energy Opportunities Fund Admiral Shares) and VGPMX (Vanguard Global Capital Cycles Fund) are both mutual funds - VGELX is a Energy Equities fund actively managed by Vanguard, while VGPMX is a Global Equities fund managed by Vanguard. Over the past 10 years, VGELX returned 9.86%/yr vs 9.11%/yr for VGPMX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. VGELX charges 0.37%/yr vs 0.36%/yr for VGPMX.

Performance

VGELX vs. VGPMX - Performance Comparison

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

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Returns By Period

In the year-to-date period, VGELX achieves a 22.90% return, which is significantly higher than VGPMX's 16.88% return. Over the past 10 years, VGELX has outperformed VGPMX with an annualized return of 9.86%, while VGPMX has yielded a comparatively lower 9.11% annualized 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%

VGPMX

1D
2.26%
1M
2.84%
6M
6.45%
YTD
16.88%
1Y
58.07%
3Y*
27.54%
5Y*
20.65%
10Y*
9.11%
ALL TIME*
6.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

VGELX

Vanguard Energy Opportunities Fund Admiral Shares
$0.00$0.00$0.00

VGPMX

Vanguard Global Capital Cycles Fund
$0.00$0.00$0.00

VGELX vs. VGPMX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VGELX
Vanguard Energy Opportunities Fund Admiral Shares		22.90%20.76%30.46%8.87%23.70%27.80%-30.80%13.32%-17.12%3.31%
VGPMX
Vanguard Global Capital Cycles Fund		16.88%65.96%5.78%10.06%7.34%19.50%17.21%20.67%-32.26%13.75%

Correlation

The correlation between VGELX and VGPMX is 0.27, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.27

Correlation (3Y)
Balances recent behavior with more history.

0.48

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.61

Correlation (10Y)
Provides a long-term view across more market conditions.

0.59

Correlation (All Time)
Calculated using the full available price history since Nov 12, 2001

0.60

Over the past year, the correlation between VGELX and VGPMX has dropped to 0.27 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

VGELX vs. VGPMX - Sectors Allocation Comparison

Sectors
VGELX
VGPMX

Energy

57.0%
4.4%

Utilities

41.9%
4.7%

Basic Materials

1.1%
38.0%

Financial Services

0.0%
5.7%

Real Estate

0.0%
2.2%

Communication Services

-

6.5%

Consumer Cyclical

-

5.1%

Consumer Defensive

-

9.4%

Healthcare

-

11.9%

Industrials

-

2.6%

Technology

-

9.5%

Energy

VGELX
57.0%
VGPMX
4.4%

Utilities

VGELX
41.9%
VGPMX
4.7%

Basic Materials

VGELX
1.1%
VGPMX
38.0%

Financial Services

VGELX
0.0%
VGPMX
5.7%

Real Estate

VGELX
0.0%
VGPMX
2.2%

Communication Services

VGELX

-

VGPMX
6.5%

Consumer Cyclical

VGELX

-

VGPMX
5.1%

Consumer Defensive

VGELX

-

VGPMX
9.4%

Healthcare

VGELX

-

VGPMX
11.9%

Industrials

VGELX

-

VGPMX
2.6%

Technology

VGELX

-

VGPMX
9.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Energy Opportunities Fund Admiral Shares

Vanguard Global Capital Cycles Fund

Often compared with VGELX:
VGELX vs. VGENXVGELX vs. VDEVGELX vs. VDEQXVGELX vs. BTEKVGELX vs. XLEVGELX vs. FDVVVGELX vs. QQQ
Often compared with VGPMX:
VGPMX vs. FSAGXVGPMX vs. GLDVGPMX vs. VOOVGPMX vs. VTSAXVGPMX vs. GLDMVGPMX vs. VTIVGPMX vs. GLTR

Return for Risk

VGELX vs. VGPMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VGELX
VGELX Risk / Return Rank: 9191
Overall Rank
VGELX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
VGELX Sortino Ratio Rank: 9090
Sortino Ratio Rank
VGELX Omega Ratio Rank: 8787
Omega Ratio Rank
VGELX Calmar Ratio Rank: 9393
Calmar Ratio Rank
VGELX Martin Ratio Rank: 9191
Martin Ratio Rank
VGPMX
VGPMX Risk / Return Rank: 9595
Overall Rank
VGPMX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
VGPMX Sortino Ratio Rank: 9494
Sortino Ratio Rank
VGPMX Omega Ratio Rank: 9292
Omega Ratio Rank
VGPMX Calmar Ratio Rank: 9696
Calmar Ratio Rank
VGPMX Martin Ratio Rank: 9595
Martin Ratio Rank
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. VGPMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy Opportunities Fund Admiral Shares (VGELX) and Vanguard Global Capital Cycles Fund (VGPMX). 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.

VGELXVGPMXDifference
Sharpe ratioReturn per unit of total volatility
2.51
3.13

-0.62

Sortino ratioReturn per unit of downside risk
3.39
3.78

-0.39

Omega ratioGain probability vs. loss probability

1.43

1.53

-0.10

Calmar ratioReturn relative to maximum drawdown

3.71

4.42

-0.71

Martin ratioReturn relative to average drawdown

12.36

14.96

-2.60

VGELX vs. VGPMX - Sharpe Ratio Comparison

The current VGELX Sharpe Ratio is 2.51, which is comparable to the VGPMX Sharpe Ratio of 3.13. The chart below compares the historical Sharpe Ratios of VGELX and VGPMX, 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

VGELX vs. VGPMX - Drawdown Comparison

The maximum VGELX drawdown since its inception was -65.22%, smaller than the maximum VGPMX drawdown of -78.85%. Use the drawdown chart below to compare losses from any high point for VGELX and VGPMX.

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Drawdown Indicators

VGELXVGPMXDifference

Max Drawdown

Largest peak-to-trough decline

-65.22%

-78.85%

+13.63%

Max Drawdown (1Y)

Largest decline over 1 year

-8.75%

-12.80%

+4.05%

Max Drawdown (3Y)

Largest decline over 3 years

-12.30%

-14.63%

+2.33%

Max Drawdown (5Y)

Largest decline over 5 years

-19.72%

-22.71%

+2.99%

Max Drawdown (10Y)

Largest decline over 10 years

-61.13%

-54.56%

-6.57%

Current Drawdown

Current decline from peak

-1.99%

-3.52%

+1.53%

Average Drawdown

Average peak-to-trough decline

-19.05%

-34.44%

+15.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.62%

3.77%

-1.15%

Volatility

VGELX vs. VGPMX - Volatility Comparison

Vanguard Energy Opportunities Fund Admiral Shares (VGELX) has a higher volatility of 4.88% compared to Vanguard Global Capital Cycles Fund (VGPMX) at 4.49%. This indicates that VGELX's price experiences larger fluctuations and is considered to be riskier than VGPMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VGELXVGPMXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.88%

4.49%

+0.39%

Volatility (6M)

Calculated over the trailing 6-month period

10.80%

15.24%

-4.44%

Volatility (1Y)

Calculated over the trailing 1-year period

12.98%

18.11%

-5.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.68%

17.49%

+1.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.08%

20.63%

+2.45%

VGELX vs. VGPMX - Expense Ratio Comparison

VGELX has a 0.37% expense ratio, which is higher than VGPMX's 0.36% expense ratio.

Dividends

VGELX vs. VGPMX - Dividend Comparison

VGELX's dividend yield for the trailing twelve months is around 7.03%, more than VGPMX's 3.34% yield.

PositionTTM20252024202320222021202020192018201720162015
VGELX
Vanguard Energy Opportunities 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%
VGPMX
Vanguard Global Capital Cycles Fund		3.34%2.59%2.68%3.22%3.27%3.26%2.03%2.39%3.02%0.02%1.72%2.32%

Frequently Asked Questions

VGELX and VGPMX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VGELX has higher volatility (4.88%) compared to VGPMX (4.49%). In terms of maximum drawdown, VGELX dropped -65.22% vs VGPMX's -78.85%.

VGPMX currently has the higher Sharpe Ratio (3.13 vs 2.51), 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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