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VIGAX vs. VENAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIGAX vs. VENAX

Last updated Aug 4, 2026
Documentation

VIGAX (Vanguard Growth Index Fund Admiral Shares) and VENAX (Vanguard Energy Index Fund Admiral Shares) are both mutual funds - VIGAX is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index, while VENAX is a Energy Equities fund tracking the MSCI US Investable Market Energy 25/50 Index. Both are passively managed. Over the past 10 years, VIGAX returned 17.36%/yr vs 10.04%/yr for VENAX. Their 0.50 correlation means their historical movements had little consistent relationship. VIGAX charges 0.05%/yr vs 0.09%/yr for VENAX.

Performance

VIGAX vs. VENAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Growth Index Fund Admiral Shares (VIGAX) and Vanguard Energy Index Fund Admiral Shares (VENAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VIGAX achieves a 4.99% return, which is significantly lower than VENAX's 35.05% return. Over the past 10 years, VIGAX has outperformed VENAX with an annualized return of 17.36%, while VENAX has yielded a comparatively lower 10.04% annualized return.

VIGAX

1D
1.15%
1M
-0.49%
6M
6.11%
YTD
4.99%
1Y
15.34%
3Y*
21.18%
5Y*
12.15%
10Y*
17.36%
ALL TIME*
9.60%

VENAX

1D
1.07%
1M
11.60%
6M
20.54%
YTD
35.05%
1Y
43.87%
3Y*
14.79%
5Y*
23.56%
10Y*
10.04%
ALL TIME*
8.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

VENAX

Vanguard Energy Index Fund Admiral Shares
$0.00$0.00$0.00

VIGAX

Vanguard Growth Index Fund Admiral Shares
$0.00$0.00$0.00

VIGAX vs. VENAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIGAX
Vanguard Growth Index Fund Admiral Shares		4.99%19.43%32.67%46.76%-33.14%27.26%40.18%37.23%-3.35%27.80%
VENAX
Vanguard Energy Index Fund Admiral Shares		35.05%7.29%6.57%0.05%62.94%55.57%-33.27%9.36%-19.90%-2.39%

Correlation

The correlation between VIGAX and VENAX is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

-0.20

Correlation (3Y)
Balances recent behavior with more history.

0.02

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.16

Correlation (10Y)
Provides a long-term view across more market conditions.

0.28

Correlation (All Time)
Calculated using the full available price history since Sep 29, 2004

0.50

The correlation between VIGAX and VENAX shifts across timeframes, from -0.20 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

VIGAX vs. VENAX - Sectors Allocation Comparison

Sectors
VIGAX
VENAX

Technology

56.2%

-

Communication Services

15.4%

-

Consumer Cyclical

11.5%

-

Industrials

5.3%
0.3%

Healthcare

4.7%

-

Financial Services

3.8%

-

Consumer Defensive

1.4%

-

Real Estate

1.0%

-

Utilities

0.7%
0.1%

Basic Materials

0.5%
0.4%

Energy

0.3%
76.9%

Technology

VIGAX
56.2%
VENAX

-

Communication Services

VIGAX
15.4%
VENAX

-

Consumer Cyclical

VIGAX
11.5%
VENAX

-

Industrials

VIGAX
5.3%
VENAX
0.3%

Healthcare

VIGAX
4.7%
VENAX

-

Financial Services

VIGAX
3.8%
VENAX

-

Consumer Defensive

VIGAX
1.4%
VENAX

-

Real Estate

VIGAX
1.0%
VENAX

-

Utilities

VIGAX
0.7%
VENAX
0.1%

Basic Materials

VIGAX
0.5%
VENAX
0.4%

Energy

VIGAX
0.3%
VENAX
76.9%

Compare stocks, funds, or ETFs

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Vanguard Growth Index Fund Admiral Shares

Vanguard Energy Index Fund Admiral Shares

Often compared with VIGAX:
VIGAX vs. VUGVIGAX vs. INDEXVIGAX vs. VVIAXVIGAX vs. VWUAXVIGAX vs. SCHGVIGAX vs. VFIAXVIGAX vs. FLCNX
Often compared with VENAX:
VENAX vs. VDEVENAX vs. FSENXVENAX vs. VITAXVENAX vs. VFIAXVENAX vs. VFINXVENAX vs. FSCSXVENAX vs. VGIAX

Return for Risk

VIGAX vs. VENAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VIGAX
VIGAX Risk / Return Rank: 1616
Overall Rank
VIGAX Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
VIGAX Sortino Ratio Rank: 1717
Sortino Ratio Rank
VIGAX Omega Ratio Rank: 1717
Omega Ratio Rank
VIGAX Calmar Ratio Rank: 1414
Calmar Ratio Rank
VIGAX Martin Ratio Rank: 1616
Martin Ratio Rank
VENAX
VENAX Risk / Return Rank: 7171
Overall Rank
VENAX Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
VENAX Sortino Ratio Rank: 7373
Sortino Ratio Rank
VENAX Omega Ratio Rank: 7070
Omega Ratio Rank
VENAX Calmar Ratio Rank: 8181
Calmar Ratio Rank
VENAX Martin Ratio Rank: 5050
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VIGAX vs. VENAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Growth Index Fund Admiral Shares (VIGAX) and Vanguard Energy Index Fund Admiral Shares (VENAX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

VIGAXVENAXDifference
Sharpe ratioReturn per unit of total volatility
0.72
1.98

-1.25

Sortino ratioReturn per unit of downside risk
1.10
2.55

-1.45

Omega ratioGain probability vs. loss probability

1.13

1.32

-0.19

Calmar ratioReturn relative to maximum drawdown

0.78

2.75

-1.97

Martin ratioReturn relative to average drawdown

2.49

7.42

-4.93

VIGAX vs. VENAX - Sharpe Ratio Comparison

The current VIGAX Sharpe Ratio is 0.72, which is lower than the VENAX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of VIGAX and VENAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VIGAX vs. VENAX - Drawdown Comparison

The maximum VIGAX drawdown since its inception was -50.66%, smaller than the maximum VENAX drawdown of -74.42%. Use the drawdown chart below to compare losses from any high point for VIGAX and VENAX.

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Drawdown Indicators

VIGAXVENAXDifference

Max Drawdown

Largest peak-to-trough decline

-50.66%

-74.42%

+23.76%

Max Drawdown (1Y)

Largest decline over 1 year

-16.51%

-15.05%

-1.46%

Max Drawdown (3Y)

Largest decline over 3 years

-23.04%

-21.44%

-1.60%

Max Drawdown (5Y)

Largest decline over 5 years

-35.63%

-26.59%

-9.04%

Max Drawdown (10Y)

Largest decline over 10 years

-35.63%

-69.58%

+33.95%

Current Drawdown

Current decline from peak

-5.53%

-4.45%

-1.08%

Average Drawdown

Average peak-to-trough decline

-11.91%

-19.90%

+7.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.17%

5.59%

-0.42%

Volatility

VIGAX vs. VENAX - Volatility Comparison

The current volatility for Vanguard Growth Index Fund Admiral Shares (VIGAX) is 5.55%, while Vanguard Energy Index Fund Admiral Shares (VENAX) has a volatility of 6.03%. This indicates that VIGAX experiences smaller price fluctuations and is considered to be less risky than VENAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VIGAXVENAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.55%

6.03%

-0.48%

Volatility (6M)

Calculated over the trailing 6-month period

14.25%

16.67%

-2.42%

Volatility (1Y)

Calculated over the trailing 1-year period

17.79%

20.96%

-3.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.62%

26.17%

-3.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.70%

30.20%

-8.50%

VIGAX vs. VENAX - Expense Ratio Comparison

VIGAX has a 0.05% expense ratio, which is lower than VENAX's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VIGAX vs. VENAX - Dividend Comparison

VIGAX's dividend yield for the trailing twelve months is around 0.39%, less than VENAX's 2.40% yield.

PositionTTM20252024202320222021202020192018201720162015
VENAX
Vanguard Energy Index Fund Admiral Shares		2.40%3.10%3.24%3.34%3.65%3.80%4.76%3.41%3.35%2.90%2.31%3.17%
VIGAX
Vanguard Growth Index Fund Admiral Shares		0.39%0.40%0.46%0.57%0.69%0.47%0.66%0.94%1.31%1.14%1.39%1.31%

Frequently Asked Questions

VIGAX and VENAX have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VENAX has higher volatility (6.03%) compared to VIGAX (5.55%). In terms of maximum drawdown, VIGAX dropped -50.66% vs VENAX's -74.42%.

VENAX currently has the higher Sharpe Ratio (1.98 vs 0.72), 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.

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