VGELX vs. VWELX

Last updated Jun 3, 2026

VGELX (Vanguard Energy Fund Admiral Shares) and VWELX (Vanguard Wellington Fund Investor Shares) are both mutual funds - VGELX is a Energy Equities fund managed by Vanguard, while VWELX is a Diversified Portfolio fund managed by Vanguard. Over the past 10 years, VGELX returned 9.40%/yr vs 10.19%/yr for VWELX. A 0.66 correlation means they provide meaningful diversification when combined. VGELX charges 0.33%/yr vs 0.24%/yr for VWELX.

Performance

VGELX vs. VWELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Energy Fund Admiral Shares (VGELX) and Vanguard Wellington Fund Investor Shares (VWELX). 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 VWELX's 7.04% return. Over the past 10 years, VGELX has underperformed VWELX with an annualized return of 9.40%, while VWELX has yielded a comparatively higher 10.19% annualized 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%

VWELX

• 1D: 0.17%
• 1M: 3.41%
• YTD: 7.04%
• 6M: 7.47%
• 1Y: 21.31%
• 3Y*: 15.58%
• 5Y*: 8.91%
• 10Y*: 10.19%

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

VGELX vs. VWELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGELX Vanguard Energy Fund Admiral Shares	18.62%	20.76%	30.46%	8.87%	23.70%	27.80%	-30.80%	13.32%	-17.12%	3.31%
VWELX Vanguard Wellington Fund Investor Shares	7.04%	16.54%	14.73%	14.29%	-14.36%	18.99%	10.57%	22.51%	-3.43%	13.98%

Correlation

The correlation between VGELX and VWELX is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Nov 13, 2001	0.66

Over the past year, the correlation between VGELX and VWELX has dropped to 0.04 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

VGELX vs. VWELX - Sectors Allocation Comparison

Sectors	VGELX	VWELX
Energy	56.5%	4.4%
Utilities	40.8%	2.5%
Basic Materials	1.1%	2.1%
Financial Services	0.0%	10.6%
Real Estate	0.0%	2.6%
Communication Services	-	12.3%
Consumer Cyclical	-	10.9%
Consumer Defensive	-	4.4%
Healthcare	-	9.8%
Industrials	-	8.5%
Technology	-	31.8%

Return for Risk

VGELX vs. VWELX — 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

VWELX

VWELX Risk / Return Rank: 75
VWELX Sharpe Ratio Rank: 79
VWELX Sortino Ratio Rank: 75
VWELX Omega Ratio Rank: 74
VWELX Calmar Ratio Rank: 68
VWELX Martin Ratio Rank: 79

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. VWELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy Fund Admiral Shares (VGELX) and Vanguard Wellington Fund Investor Shares (VWELX). 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	VWELX	Difference
Sharpe ratio Return per unit of total volatility	2.73	2.58	+0.15
Sortino ratio Return per unit of downside risk	3.72	3.63	+0.09
Omega ratio Gain probability vs. loss probability	1.48	1.48	0.00
Calmar ratio Return relative to maximum drawdown	5.81	3.20	+2.62
Martin ratio Return relative to average drawdown	20.33	14.85	+5.48
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. VWELX - Sharpe Ratio Comparison

The current VGELX Sharpe Ratio is 2.73, which is comparable to the VWELX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of VGELX and VWELX, 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	VWELX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.73	2.58	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.17	0.80	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.89	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.84	-0.50

Drawdowns

VGELX vs. VWELX - Drawdown Comparison

The maximum VGELX drawdown since its inception was -65.22%, which is greater than VWELX's maximum drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for VGELX and VWELX.

Drawdown Indicators

	VGELX	VWELX	Difference
Max Drawdown Largest peak-to-trough decline	-65.22%	-36.12%	-29.10%
Max Drawdown (1Y) Largest decline over 1 year	-5.69%	-6.78%	+1.09%
Max Drawdown (3Y) Largest decline over 3 years	-12.30%	-11.98%	-0.32%
Max Drawdown (5Y) Largest decline over 5 years	-19.72%	-20.88%	+1.16%
Max Drawdown (10Y) Largest decline over 10 years	-61.13%	-25.33%	-35.80%
Current Drawdown Current decline from peak	-5.41%	0.00%	-5.41%
Average Drawdown Average peak-to-trough decline	-19.15%	-3.92%	-15.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.46%	+0.17%

Volatility

VGELX vs. VWELX - Volatility Comparison

Vanguard Energy Fund Admiral Shares (VGELX) has a higher volatility of 4.74% compared to Vanguard Wellington Fund Investor Shares (VWELX) at 2.52%. This indicates that VGELX's price experiences larger fluctuations and is considered to be riskier than VWELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGELX	VWELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.74%	2.52%	+2.22%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	6.67%	+3.47%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	8.40%	+3.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.72%	11.13%	+7.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.21%	11.53%	+11.68%

VGELX vs. VWELX - Expense Ratio Comparison

VGELX has a 0.33% expense ratio, which is higher than VWELX's 0.24% expense ratio.

Dividends

VGELX vs. VWELX - Dividend Comparison

VGELX's dividend yield for the trailing twelve months is around 7.28%, less than VWELX's 10.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VWELX Vanguard Wellington Fund Investor Shares	10.76%	11.46%	10.76%	6.01%	8.19%	8.64%	7.77%	4.67%	9.49%	5.82%	4.44%	7.03%

Frequently Asked Questions

Can I hold both VGELX and VWELX in my portfolio?

VGELX and VWELX have a correlation of 0.04, 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 VWELX?

VGELX has higher volatility (4.74%) compared to VWELX (2.52%). In terms of maximum drawdown, VGELX dropped -65.22% vs VWELX's -36.12%.

Which has better risk-adjusted returns?

VGELX currently has the higher Sharpe Ratio (2.73 vs 2.58), 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.