VUIAX vs. VGELX

Last updated Aug 3, 2026

VUIAX (Vanguard Utilities Index Fund Admiral Shares) and VGELX (Vanguard Energy Opportunities Fund Admiral Shares) are both mutual funds - VUIAX is a Utilities Equities fund tracking the MSCI US Investable Market Utilities 25/50 Index, while VGELX is a Energy Equities fund actively managed by Vanguard. VUIAX is passively managed, while VGELX is actively managed. Over the past 10 years, VUIAX returned 8.74%/yr vs 9.86%/yr for VGELX. Their 0.47 correlation means their historical movements had little consistent relationship. VUIAX charges 0.10%/yr vs 0.37%/yr for VGELX.

Performance

VUIAX vs. VGELX - Performance Comparison

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

Returns By Period

In the year-to-date period, VUIAX achieves a 5.50% return, which is significantly lower than VGELX's 22.90% return. Over the past 10 years, VUIAX has underperformed VGELX with an annualized return of 8.74%, while VGELX has yielded a comparatively higher 9.86% annualized return.

VUIAX

• 1D: -0.43%
• 1M: -2.55%
• 6M: 3.82%
• YTD: 5.50%
• 1Y: 6.74%
• 3Y*: 13.18%
• 5Y*: 9.21%
• 10Y*: 8.74%
• ALL TIME*: 9.72%

VGELX

• 1D: 0.65%
• 1M: 5.58%
• 6M: 13.69%
• YTD: 22.90%
• 1Y: 32.82%
• 3Y*: 25.70%
• 5Y*: 23.85%
• 10Y*: 9.86%
• ALL TIME*: 9.06%

*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)
VGELX Vanguard Energy Opportunities Fund Admiral Shares	$0.00	$0.00	$0.00
VUIAX Vanguard Utilities Index Fund Admiral Shares	$0.00	$0.00	$0.00

VUIAX vs. VGELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VUIAX Vanguard Utilities Index Fund Admiral Shares	5.50%	16.39%	23.03%	-7.49%	1.13%	17.16%	-0.90%	24.97%	4.45%	12.49%
VGELX Vanguard Energy Opportunities Fund Admiral Shares	22.90%	20.76%	30.46%	8.87%	23.70%	27.80%	-30.80%	13.32%	-17.12%	3.31%

Correlation

The correlation between VUIAX and VGELX is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (3Y) Balances recent behavior with more history.	0.56
Correlation (5Y) Shows whether the relationship held over a longer period.	0.53
Correlation (10Y) Provides a long-term view across more market conditions.	0.37
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	0.47

The correlation between VUIAX and VGELX shifts across timeframes, from 0.37 (10 years) to 0.56 (3 years), reflecting how their relationship changes across market environments.

VUIAX vs. VGELX - Sectors Allocation Comparison

Sectors	VUIAX	VGELX
Utilities	98.9%	41.9%
Energy	0.5%	57.0%
Industrials	0.2%	-
Basic Materials	-	1.1%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	0.0%
Healthcare	-	-
Real Estate	-	0.0%
Technology	-	-

Return for Risk

VUIAX vs. VGELX — Risk / Return Rank

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

VUIAX

VUIAX Risk / Return Rank: 14
VUIAX Sharpe Ratio Rank: 14
VUIAX Sortino Ratio Rank: 13
VUIAX Omega Ratio Rank: 13
VUIAX Calmar Ratio Rank: 18
VUIAX Martin Ratio Rank: 13

VGELX

VGELX Risk / Return Rank: 91
VGELX Sharpe Ratio Rank: 95
VGELX Sortino Ratio Rank: 90
VGELX Omega Ratio Rank: 87
VGELX Calmar Ratio Rank: 93
VGELX Martin Ratio Rank: 91

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.

VUIAX vs. VGELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Utilities Index Fund Admiral Shares (VUIAX) and Vanguard Energy Opportunities Fund Admiral Shares (VGELX). 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.

	VUIAX	VGELX	Difference
Sharpe ratio: Return per unit of total volatility	0.51	2.51	-2.00
Sortino ratio: Return per unit of downside risk	0.79	3.39	-2.60
Omega ratio: Gain probability vs. loss probability	1.10	1.43	-0.34
Calmar ratio: Return relative to maximum drawdown	0.85	3.71	-2.86
Martin ratio: Return relative to average drawdown	1.75	12.36	-10.61

VUIAX vs. VGELX - Sharpe Ratio Comparison

The current VUIAX Sharpe Ratio is 0.51, which is lower than the VGELX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of VUIAX and VGELX, 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

VUIAX vs. VGELX - Drawdown Comparison

The maximum VUIAX drawdown since its inception was -46.29%, smaller than the maximum VGELX drawdown of -65.22%. Use the drawdown chart below to compare losses from any high point for VUIAX and VGELX.

Drawdown Indicators

	VUIAX	VGELX	Difference
Max Drawdown Largest peak-to-trough decline	-46.29%	-65.22%	+18.93%
Max Drawdown (1Y) Largest decline over 1 year	-8.87%	-8.75%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-13.03%	-12.30%	-0.73%
Max Drawdown (5Y) Largest decline over 5 years	-25.18%	-19.72%	-5.46%
Max Drawdown (10Y) Largest decline over 10 years	-36.21%	-61.13%	+24.92%
Current Drawdown Current decline from peak	-5.20%	-1.99%	-3.21%
Average Drawdown Average peak-to-trough decline	-7.74%	-19.05%	+11.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	2.62%	+1.67%

Volatility

VUIAX vs. VGELX - Volatility Comparison

The current volatility for Vanguard Utilities Index Fund Admiral Shares (VUIAX) is 4.63%, while Vanguard Energy Opportunities Fund Admiral Shares (VGELX) has a volatility of 4.88%. This indicates that VUIAX experiences smaller price fluctuations and is considered to be less risky than VGELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VUIAX	VGELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	4.88%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	11.85%	10.80%	+1.05%
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	12.98%	+1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	18.68%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.22%	23.08%	-3.86%

VUIAX vs. VGELX - Expense Ratio Comparison

VUIAX has a 0.10% expense ratio, which is lower than VGELX's 0.37% expense ratio.

Dividends

VUIAX vs. VGELX - Dividend Comparison

VUIAX's dividend yield for the trailing twelve months is around 2.68%, less than VGELX's 7.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VGELX Vanguard Energy Opportunities Fund Admiral Shares	7.03%	4.79%	34.15%	6.91%	4.71%	3.70%	4.54%	3.38%	3.07%	3.05%	1.91%	2.70%
VUIAX Vanguard Utilities Index Fund Admiral Shares	2.68%	2.73%	3.01%	3.49%	2.98%	2.56%	3.17%	2.82%	3.23%	3.18%	3.19%	3.64%

Frequently Asked Questions

Can I hold both VUIAX and VGELX in my portfolio?

VUIAX and VGELX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VUIAX or VGELX?

VGELX has higher volatility (4.88%) compared to VUIAX (4.63%). In terms of maximum drawdown, VUIAX dropped -46.29% vs VGELX's -65.22%.

Which has better risk-adjusted returns?

VGELX currently has the higher Sharpe Ratio (2.51 vs 0.51), 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.