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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VHGEX or VBAIX.
Key characteristics
| VHGEX | VBAIX | |
|---|---|---|
| YTD Return | 17.49% | 15.97% |
| 1Y Return | 32.76% | 24.28% |
| 3Y Return (Ann) | 2.81% | 2.61% |
| 5Y Return (Ann) | 10.25% | 7.89% |
| 10Y Return (Ann) | 9.43% | 7.77% |
| Sharpe Ratio | 2.34 | 2.63 |
| Sortino Ratio | 3.21 | 3.59 |
| Omega Ratio | 1.41 | 1.51 |
| Calmar Ratio | 1.71 | 1.76 |
| Martin Ratio | 15.91 | 16.34 |
| Ulcer Index | 1.99% | 1.42% |
| Daily Std Dev | 13.55% | 8.83% |
| Max Drawdown | -64.62% | -35.82% |
| Current Drawdown | -1.03% | 0.00% |
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.
Performance
VHGEX vs. VBAIX - Performance Comparison
In the year-to-date period, VHGEX achieves a 17.49% return, which is significantly higher than VBAIX's 15.97% return. Over the past 10 years, VHGEX has outperformed VBAIX with an annualized return of 9.43%, while VBAIX has yielded a comparatively lower 7.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
VHGEX vs. VBAIX - Dividend Comparison
VHGEX's dividend yield for the trailing twelve months is around 0.97%, less than VBAIX's 2.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHGEX Vanguard Global Equity Fund | 0.97% | 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 | 2.02% | 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.
Volatility
VHGEX vs. VBAIX - Volatility Comparison
Vanguard Global Equity Fund (VHGEX) has a higher volatility of 3.90% compared to Vanguard Balanced Index Fund Institutional Shares (VBAIX) at 2.47%. 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.