VGENX vs. MSYIX

Last updated Jun 4, 2026

VGENX (Vanguard Energy Fund Investor Shares) and MSYIX (Morgan Stanley Institutional Fund Trust High Yield Portfolio) are both mutual funds - VGENX is a Energy Equities fund managed by Vanguard, while MSYIX is a High Yield Bonds fund managed by Morgan Stanley. At a 0.33 correlation, their price movements are largely independent. VGENX charges 0.41%/yr vs 0.65%/yr for MSYIX.

Performance

VGENX vs. MSYIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Energy Fund Investor Shares (VGENX) and Morgan Stanley Institutional Fund Trust High Yield Portfolio (MSYIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VGENX

• 1D: 1.24%
• 1M: -3.39%
• YTD: 20.03%
• 6M: 18.09%
• 1Y: 32.90%
• 3Y*: 28.15%
• 5Y*: 22.01%
• 10Y*: 9.44%

MSYIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VGENX vs. MSYIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGENX Vanguard Energy Fund Investor Shares	20.03%	20.67%	30.25%	8.78%	23.59%	27.71%	-30.85%	13.23%	-17.19%	3.22%
MSYIX Morgan Stanley Institutional Fund Trust High Yield Portfolio	0.47%	7.94%	8.78%	13.52%	-11.56%	5.57%	3.26%	13.77%	-2.75%	6.95%

Correlation

The correlation between VGENX and MSYIX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Feb 8, 2012	0.33

Over the past year, the correlation between VGENX and MSYIX has dropped to 0.10 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

Return for Risk

VGENX vs. MSYIX — Risk / Return Rank

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

VGENX

VGENX Risk / Return Rank: 85
VGENX Sharpe Ratio Rank: 85
VGENX Sortino Ratio Rank: 79
VGENX Omega Ratio Rank: 73
VGENX Calmar Ratio Rank: 95
VGENX Martin Ratio Rank: 93

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.

VGENX vs. MSYIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy Fund Investor Shares (VGENX) and Morgan Stanley Institutional Fund Trust High Yield Portfolio (MSYIX). 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.

	VGENX	MSYIX	Difference
Sharpe ratio Return per unit of total volatility	2.74	—	—
Sortino ratio Return per unit of downside risk	3.74	—	—
Omega ratio Gain probability vs. loss probability	1.48	—	—
Calmar ratio Return relative to maximum drawdown	5.82	—	—
Martin ratio Return relative to average drawdown	20.05	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VGENX	MSYIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.18	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	—	—

Drawdowns

Drawdown Indicators

	VGENX	MSYIX	Difference
Max Drawdown Largest peak-to-trough decline	-65.37%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.71%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-61.19%	—	—
Current Drawdown Current decline from peak	-4.26%	—	—
Average Drawdown Average peak-to-trough decline	-14.94%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	—	—

Volatility

Volatility by Period

	VGENX	MSYIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.14%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.20%	—	—

VGENX vs. MSYIX - Expense Ratio Comparison

VGENX has a 0.41% expense ratio, which is lower than MSYIX's 0.65% expense ratio.

Dividends

VGENX vs. MSYIX - Dividend Comparison

VGENX's dividend yield for the trailing twelve months is around 7.14%, more than MSYIX's 4.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSYIX Morgan Stanley Institutional Fund Trust High Yield Portfolio	4.18%	7.03%	7.25%	6.71%	6.29%	5.57%	5.90%	6.20%	6.27%	5.75%	6.22%	6.77%
VGENX Vanguard Energy Fund Investor Shares	7.14%	4.71%	33.96%	6.83%	4.63%	3.63%	4.46%	3.30%	2.96%	2.96%	1.84%	2.63%

Frequently Asked Questions

Can I hold both VGENX and MSYIX in my portfolio?

VGENX and MSYIX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.