VIGAX vs. VGENX

Last updated Jun 4, 2026

VIGAX (Vanguard Growth Index Fund Admiral Shares) and VGENX (Vanguard Energy Fund Investor Shares) are both mutual funds - VIGAX is a Large Cap Growth Equities fund managed by Vanguard, while VGENX is a Energy Equities fund managed by Vanguard. Over the past 10 years, VIGAX returned 18.39%/yr vs 9.44%/yr for VGENX. A 0.53 correlation means they provide meaningful diversification when combined. VIGAX charges 0.05%/yr vs 0.41%/yr for VGENX.

Performance

VIGAX vs. VGENX - 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 Fund Investor Shares (VGENX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIGAX achieves a 10.82% return, which is significantly lower than VGENX's 20.03% return. Over the past 10 years, VIGAX has outperformed VGENX with an annualized return of 18.39%, while VGENX has yielded a comparatively lower 9.44% annualized return.

VIGAX

• 1D: -0.28%
• 1M: 7.54%
• YTD: 10.82%
• 6M: 10.11%
• 1Y: 29.44%
• 3Y*: 26.45%
• 5Y*: 15.71%
• 10Y*: 18.39%

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%

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

VIGAX vs. VGENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIGAX Vanguard Growth Index Fund Admiral Shares	10.82%	19.43%	32.67%	46.76%	-33.14%	27.26%	40.18%	37.23%	-3.35%	27.80%
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%

Correlation

The correlation between VIGAX and VGENX is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Nov 14, 2000	0.53

The correlation between VIGAX and VGENX shifts across timeframes, from -0.12 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.

VIGAX vs. VGENX - Sectors Allocation Comparison

Sectors	VIGAX	VGENX
Technology	53.5%	-
Communication Services	17.3%	-
Consumer Cyclical	12.2%	-
Healthcare	4.6%	-
Financial Services	4.3%	0.0%
Industrials	3.6%	-
Consumer Defensive	1.5%	-
Real Estate	1.0%	0.0%
Utilities	0.9%	40.8%
Basic Materials	0.6%	1.1%
Energy	0.4%	56.5%

Return for Risk

VIGAX vs. VGENX — Risk / Return Rank

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

VIGAX

VIGAX Risk / Return Rank: 34
VIGAX Sharpe Ratio Rank: 43
VIGAX Sortino Ratio Rank: 38
VIGAX Omega Ratio Rank: 39
VIGAX Calmar Ratio Rank: 24
VIGAX Martin Ratio Rank: 27

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.

VIGAX vs. VGENX - 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 Fund Investor Shares (VGENX). 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.

	VIGAX	VGENX	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.74	-0.82
Sortino ratio: Return per unit of downside risk	2.59	3.74	-1.15
Omega ratio: Gain probability vs. loss probability	1.33	1.48	-0.15
Calmar ratio: Return relative to maximum drawdown	1.84	5.82	-3.97
Martin ratio: Return relative to average drawdown	6.49	20.05	-13.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIGAX vs. VGENX - Sharpe Ratio Comparison

The current VIGAX Sharpe Ratio is 1.92, which is lower than the VGENX Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of VIGAX and VGENX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VIGAX	VGENX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	2.74	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	1.18	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.41	+0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.44	+0.04

Drawdowns

VIGAX vs. VGENX - Drawdown Comparison

The maximum VIGAX drawdown since its inception was -50.66%, smaller than the maximum VGENX drawdown of -65.37%. Use the drawdown chart below to compare losses from any high point for VIGAX and VGENX.

Drawdown Indicators

	VIGAX	VGENX	Difference
Max Drawdown Largest peak-to-trough decline	-50.66%	-65.37%	+14.71%
Max Drawdown (1Y) Largest decline over 1 year	-16.51%	-5.71%	-10.80%
Max Drawdown (3Y) Largest decline over 3 years	-23.04%	-12.30%	-10.74%
Max Drawdown (5Y) Largest decline over 5 years	-35.63%	-19.72%	-15.91%
Max Drawdown (10Y) Largest decline over 10 years	-35.63%	-61.19%	+25.56%
Current Drawdown Current decline from peak	-0.28%	-4.26%	+3.98%
Average Drawdown Average peak-to-trough decline	-11.96%	-14.94%	+2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	1.65%	+3.03%

Volatility

VIGAX vs. VGENX - Volatility Comparison

The current volatility for Vanguard Growth Index Fund Admiral Shares (VIGAX) is 3.62%, while Vanguard Energy Fund Investor Shares (VGENX) has a volatility of 4.92%. This indicates that VIGAX experiences smaller price fluctuations and is considered to be less risky than VGENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIGAX	VGENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.62%	4.92%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	12.10%	10.21%	+1.89%
Volatility (1Y) Calculated over the trailing 1-year period	15.88%	12.14%	+3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.35%	18.71%	+3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.59%	23.20%	-1.61%

VIGAX vs. VGENX - Expense Ratio Comparison

VIGAX has a 0.05% expense ratio, which is lower than VGENX's 0.41% expense ratio.

Dividends

VIGAX vs. VGENX - Dividend Comparison

VIGAX's dividend yield for the trailing twelve months is around 0.36%, less than VGENX's 7.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VIGAX Vanguard Growth Index Fund Admiral Shares	0.36%	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

Can I hold both VIGAX and VGENX in my portfolio?

VIGAX and VGENX have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIGAX or VGENX?

VGENX has higher volatility (4.92%) compared to VIGAX (3.62%). In terms of maximum drawdown, VIGAX dropped -50.66% vs VGENX's -65.37%.

Which has better risk-adjusted returns?

VGENX currently has the higher Sharpe Ratio (2.74 vs 1.92), 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.