VHGEX vs. VBAIX
Compare and contrast key facts about Vanguard Global Equity Fund (VHGEX) and Vanguard Balanced Index Fund Institutional Shares (VBAIX).
VHGEX is managed by Vanguard. It was launched on Aug 14, 1995. VBAIX is managed by Vanguard. It was launched on Dec 1, 2000.
Performance
VHGEX vs. VBAIX - Performance Comparison
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VHGEX vs. VBAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VHGEX Vanguard Global Equity Fund | -8.80% | 21.22% | 13.41% | 23.52% | -22.72% | 13.06% | 22.38% | 28.73% | -9.15% | 27.80% |
VBAIX Vanguard Balanced Index Fund Institutional Shares | -4.19% | 13.60% | 17.78% | 17.55% | -16.87% | 14.20% | 16.40% | 21.79% | -2.83% | 13.86% |
Returns By Period
In the year-to-date period, VHGEX achieves a -8.80% return, which is significantly lower than VBAIX's -4.19% return. Over the past 10 years, VHGEX has outperformed VBAIX with an annualized return of 10.23%, while VBAIX has yielded a comparatively lower 9.08% annualized return.
VHGEX
- 1D
- -0.37%
- 1M
- -9.51%
- YTD
- -8.80%
- 6M
- -7.09%
- 1Y
- 13.65%
- 3Y*
- 12.31%
- 5Y*
- 5.18%
- 10Y*
- 10.23%
VBAIX
- 1D
- -0.08%
- 1M
- -5.44%
- YTD
- -4.19%
- 6M
- -2.39%
- 1Y
- 10.88%
- 3Y*
- 12.60%
- 5Y*
- 6.93%
- 10Y*
- 9.08%
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VHGEX vs. VBAIX - Expense Ratio Comparison
VHGEX has a 0.45% expense ratio, which is higher than VBAIX's 0.06% expense ratio.
Return for Risk
VHGEX vs. VBAIX — Risk / Return Rank
VHGEX
VBAIX
VHGEX vs. VBAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Equity Fund (VHGEX) and Vanguard Balanced Index Fund Institutional Shares (VBAIX). 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.
| VHGEX | VBAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 1.01 | -0.32 |
Sortino ratioReturn per unit of downside risk | 1.10 | 1.50 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.22 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.31 | -0.42 |
Martin ratioReturn relative to average drawdown | 3.26 | 6.21 | -2.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VHGEX | VBAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 1.01 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.63 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.81 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.62 | -0.12 |
Correlation
The correlation between VHGEX and VBAIX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VHGEX vs. VBAIX - Dividend Comparison
VHGEX's dividend yield for the trailing twelve months is around 13.57%, more than VBAIX's 5.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHGEX Vanguard Global Equity Fund | 13.57% | 12.38% | 4.24% | 1.15% | 11.32% | 10.90% | 2.88% | 6.20% | 8.45% | 1.29% | 1.51% | 1.71% |
VBAIX Vanguard Balanced Index Fund Institutional Shares | 5.86% | 6.01% | 8.01% | 4.36% | 2.84% | 3.20% | 2.65% | 2.29% | 2.33% | 1.96% | 2.10% | 2.10% |
Drawdowns
VHGEX vs. VBAIX - Drawdown Comparison
The maximum VHGEX drawdown since its inception was -64.81%, which is greater than VBAIX's maximum drawdown of -35.82%. Use the drawdown chart below to compare losses from any high point for VHGEX and VBAIX.
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Drawdown Indicators
| VHGEX | VBAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.81% | -35.82% | -28.99% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -7.80% | -4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -33.02% | -21.52% | -11.50% |
Max Drawdown (10Y)Largest decline over 10 years | -33.23% | -22.77% | -10.46% |
Current DrawdownCurrent decline from peak | -11.92% | -5.84% | -6.08% |
Average DrawdownAverage peak-to-trough decline | -10.00% | -4.45% | -5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 1.64% | +1.65% |
Volatility
VHGEX vs. VBAIX - Volatility Comparison
Vanguard Global Equity Fund (VHGEX) has a higher volatility of 5.78% compared to Vanguard Balanced Index Fund Institutional Shares (VBAIX) at 3.07%. This indicates that VHGEX's price experiences larger fluctuations and is considered to be riskier than VBAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHGEX | VBAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 3.07% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.20% | 5.93% | +5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.19% | 11.28% | +7.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 11.06% | +7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 11.19% | +6.78% |