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VHGEX vs. VBAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VHGEX vs. VBAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Global Equity Fund (VHGEX) and Vanguard Balanced Index Fund Institutional Shares (VBAIX). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.62%
8.49%
VHGEX
VBAIX

Returns By Period

In the year-to-date period, VHGEX achieves a 15.65% return, which is significantly higher than VBAIX's 14.83% return. Over the past 10 years, VHGEX has outperformed VBAIX with an annualized return of 9.15%, while VBAIX has yielded a comparatively lower 7.59% annualized return.


VHGEX

YTD

15.65%

1M

-0.87%

6M

5.62%

1Y

23.70%

5Y (annualized)

9.92%

10Y (annualized)

9.15%

VBAIX

YTD

14.83%

1M

0.36%

6M

8.49%

1Y

18.71%

5Y (annualized)

7.55%

10Y (annualized)

7.59%

Key characteristics


VHGEXVBAIX
Sharpe Ratio1.852.24
Sortino Ratio2.553.03
Omega Ratio1.331.42
Calmar Ratio1.731.90
Martin Ratio12.1713.50
Ulcer Index2.03%1.43%
Daily Std Dev13.31%8.64%
Max Drawdown-64.62%-35.82%
Current Drawdown-2.58%-1.10%

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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.


VHGEX
Vanguard Global Equity Fund
Expense ratio chart for VHGEX: current value at 0.45% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.45%
Expense ratio chart for VBAIX: current value at 0.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.06%

Correlation

-0.50.00.51.00.9

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.

Risk-Adjusted Performance

VHGEX vs. VBAIX - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for VHGEX, currently valued at 1.85, compared to the broader market0.002.004.001.852.24
The chart of Sortino ratio for VHGEX, currently valued at 2.55, compared to the broader market0.005.0010.002.553.03
The chart of Omega ratio for VHGEX, currently valued at 1.33, compared to the broader market1.002.003.004.001.331.42
The chart of Calmar ratio for VHGEX, currently valued at 1.73, compared to the broader market0.005.0010.0015.0020.0025.001.731.90
The chart of Martin ratio for VHGEX, currently valued at 12.17, compared to the broader market0.0020.0040.0060.0080.00100.0012.1713.50
VHGEX
VBAIX

The current VHGEX Sharpe Ratio is 1.85, which is comparable to the VBAIX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of VHGEX and VBAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.85
2.24
VHGEX
VBAIX

Dividends

VHGEX vs. VBAIX - Dividend Comparison

VHGEX's dividend yield for the trailing twelve months is around 0.99%, less than VBAIX's 2.04% yield.


TTM20232022202120202019201820172016201520142013
VHGEX
Vanguard Global Equity Fund
0.99%1.15%1.65%0.92%0.67%2.33%1.59%1.29%1.51%1.71%1.56%1.53%
VBAIX
Vanguard Balanced Index Fund Institutional Shares
2.04%2.05%1.94%1.39%1.66%2.13%2.32%1.96%2.10%2.10%1.93%1.85%

Drawdowns

VHGEX vs. VBAIX - Drawdown Comparison

The maximum VHGEX drawdown since its inception was -64.62%, 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. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.58%
-1.10%
VHGEX
VBAIX

Volatility

VHGEX vs. VBAIX - Volatility Comparison

Vanguard Global Equity Fund (VHGEX) has a higher volatility of 3.79% compared to Vanguard Balanced Index Fund Institutional Shares (VBAIX) at 2.61%. 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.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.79%
2.61%
VHGEX
VBAIX