VIGIX vs. VENAX

Last updated Aug 2, 2026

VIGIX (Vanguard Growth Index Fund Institutional Shares) and VENAX (Vanguard Energy Index Fund Admiral Shares) are both mutual funds - VIGIX is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index, while VENAX is a Energy Equities fund managed by Vanguard. Over the past 10 years, VIGIX returned 17.15%/yr vs 10.01%/yr for VENAX. Their 0.50 correlation means their historical movements had little consistent relationship. VIGIX charges 0.03%/yr vs 0.10%/yr for VENAX.

Performance

VIGIX vs. VENAX - Performance Comparison

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

Returns By Period

In the year-to-date period, VIGIX achieves a 3.82% return, which is significantly lower than VENAX's 33.62% return. Over the past 10 years, VIGIX has outperformed VENAX with an annualized return of 17.15%, while VENAX has yielded a comparatively lower 10.01% annualized return.

VIGIX

• 1D: 2.71%
• 1M: -1.61%
• 6M: 5.20%
• YTD: 3.82%
• 1Y: 14.05%
• 3Y*: 20.61%
• 5Y*: 11.91%
• 10Y*: 17.15%
• ALL TIME*: 9.61%

VENAX

• 1D: 0.72%
• 1M: 10.41%
• 6M: 17.04%
• YTD: 33.62%
• 1Y: 42.35%
• 3Y*: 14.21%
• 5Y*: 23.30%
• 10Y*: 10.01%
• ALL TIME*: 8.26%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VENAX Vanguard Energy Index Fund Admiral Shares	$0.00	$0.00	$0.00
VIGIX Vanguard Growth Index Fund Institutional Shares	$0.00	$0.00	$0.00

VIGIX vs. VENAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIGIX Vanguard Growth Index Fund Institutional Shares	3.82%	19.44%	32.68%	46.77%	-33.13%	27.27%	40.19%	37.26%	-3.34%	27.81%
VENAX Vanguard Energy Index Fund Admiral Shares	33.62%	7.29%	6.57%	0.05%	62.94%	55.57%	-33.27%	9.36%	-19.90%	-2.39%

Correlation

The correlation between VIGIX and VENAX is -0.21, 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.	-0.21
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 VIGIX and VENAX shifts across timeframes, from -0.21 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

VIGIX vs. VENAX - Sectors Allocation Comparison

Sectors	VIGIX	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%

Return for Risk

VIGIX vs. VENAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VIGIX

VIGIX Risk / Return Rank: 18
VIGIX Sharpe Ratio Rank: 19
VIGIX Sortino Ratio Rank: 19
VIGIX Omega Ratio Rank: 19
VIGIX Calmar Ratio Rank: 15
VIGIX Martin Ratio Rank: 17

VENAX

VENAX Risk / Return Rank: 72
VENAX Sharpe Ratio Rank: 80
VENAX Sortino Ratio Rank: 73
VENAX Omega Ratio Rank: 71
VENAX Calmar Ratio Rank: 80
VENAX Martin Ratio Rank: 53

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.

VIGIX vs. VENAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Growth Index Fund Institutional Shares (VIGIX) 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.

	VIGIX	VENAX	Difference
Sharpe ratio: Return per unit of total volatility	0.66	1.87	-1.21
Sortino ratio: Return per unit of downside risk	1.01	2.43	-1.42
Omega ratio: Gain probability vs. loss probability	1.12	1.30	-0.18
Calmar ratio: Return relative to maximum drawdown	0.71	2.60	-1.89
Martin ratio: Return relative to average drawdown	2.26	6.99	-4.73

VIGIX vs. VENAX - Sharpe Ratio Comparison

The current VIGIX Sharpe Ratio is 0.66, which is lower than the VENAX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of VIGIX 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.

Drawdowns

VIGIX vs. VENAX - Drawdown Comparison

The maximum VIGIX drawdown since its inception was -56.95%, smaller than the maximum VENAX drawdown of -74.42%. Use the drawdown chart below to compare losses from any high point for VIGIX and VENAX.

Drawdown Indicators

	VIGIX	VENAX	Difference
Max Drawdown Largest peak-to-trough decline	-56.95%	-74.42%	+17.47%
Max Drawdown (1Y) Largest decline over 1 year	-16.51%	-15.05%	-1.46%
Max Drawdown (3Y) Largest decline over 3 years	-23.03%	-21.44%	-1.59%
Max Drawdown (5Y) Largest decline over 5 years	-35.62%	-26.59%	-9.03%
Max Drawdown (10Y) Largest decline over 10 years	-35.62%	-69.58%	+33.96%
Current Drawdown Current decline from peak	-6.59%	-5.47%	-1.12%
Average Drawdown Average peak-to-trough decline	-16.21%	-19.91%	+3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	5.60%	-0.44%

Volatility

VIGIX vs. VENAX - Volatility Comparison

The current volatility for Vanguard Growth Index Fund Institutional Shares (VIGIX) is 5.40%, while Vanguard Energy Index Fund Admiral Shares (VENAX) has a volatility of 6.12%. This indicates that VIGIX 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.

Volatility by Period

	VIGIX	VENAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.40%	6.12%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	14.23%	16.67%	-2.44%
Volatility (1Y) Calculated over the trailing 1-year period	17.76%	20.99%	-3.23%
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	21.69%	30.22%	-8.53%

VIGIX vs. VENAX - Expense Ratio Comparison

VIGIX has a 0.03% expense ratio, which is lower than VENAX's 0.10% 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

VIGIX vs. VENAX - Dividend Comparison

VIGIX's dividend yield for the trailing twelve months is around 0.40%, less than VENAX's 2.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VENAX Vanguard Energy Index Fund Admiral Shares	2.42%	3.10%	3.24%	3.34%	3.65%	3.80%	4.76%	3.41%	3.35%	2.90%	2.31%	3.17%
VIGIX Vanguard Growth Index Fund Institutional Shares	0.40%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.15%	1.40%	1.31%

Frequently Asked Questions

Can I hold both VIGIX and VENAX in my portfolio?

VIGIX and VENAX have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIGIX or VENAX?

VENAX has higher volatility (6.12%) compared to VIGIX (5.40%). In terms of maximum drawdown, VIGIX dropped -56.95% vs VENAX's -74.42%.

Which has better risk-adjusted returns?

VENAX currently has the higher Sharpe Ratio (1.87 vs 0.66), 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.