# VDE ETF: fees, returns, drawdowns and holdings

> What VDE holds, its 0.09% yearly fee, returns by year, its worst drop, and which Tactfolio strategies hold it. Updated daily.

Vanguard Energy ETF (VDE) is an exchange-traded fund (ETF) run by Vanguard. This fund owns shares of about 110 US energy companies, such as oil and gas producers and pipeline firms. It charges 0.09% a year. From September 2004 to October 2026 it returned about 8.8% a year, and its worst drop was −74.7%.

Written by [the Tactfolio research team](https://tactfolio.com/about/editorial-policy). Fund facts checked October 17, 2026. Prices through October 16, 2026.

## Key points

- Expense ratio: 0.09% a year (about $9 on $10,000).
- Started trading on September 23, 2004.
- Worst drop since 2004: −74.7%.
- No Tactfolio classic strategies hold it.

## What does VDE hold?

This fund owns shares of about 110 US energy companies, such as oil and gas producers and pipeline firms. A few big companies make up much of the fund. Energy stocks often swing a lot with oil and gas prices.

It tracks the MSCI US Investable Market Energy 25/50 Index. It had 111 holdings as of September 30, 2026, according to Vanguard.

| Fact | VDE |
| --- | --- |
| Full name | Vanguard Energy ETF |
| Issuer | Vanguard |
| Expense ratio | 0.09% a year |
| Started trading | September 23, 2004 |
| Tracks | MSCI US Investable Market Energy 25/50 Index |
| Type | US stocks, ETF |
| Holdings | 111 holdings as of September 30, 2026 |
| Facts checked | October 17, 2026 on the [Vanguard fund page](https://investor.vanguard.com/investment-products/etfs/profile/vde) |

## What is the VDE expense ratio?

VDE charges 0.09% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.09% fee comes to about $9 a year.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

## How has VDE done since 2004?

From September 2004 to October 2026, VDE returned about 8.8% a year. Say you put in $10,000 at the start. It would have been worth about $64,572 at the end, with every dividend reinvested.

| Measure | VDE |
| --- | --- |
| Total return | 545.7% |
| Return per year (CAGR) | 8.8% |
| Worst drop from a high | −74.7% |
| Volatility (how much it swings) | 29.6% |
| Last 12 months | 61.9% |
| Last 3 years, per year | 18.1% |
| Last 5 years, per year | 22.7% |
| Last 10 years, per year | 10.8% |

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

## VDE returns by year

| Year | VDE return |
| --- | --- |
| 2026 (part of the year) | 53.8% |
| 2025 | 7.1% |
| 2024 | 6.8% |
| 2023 | 0.0% |
| 2022 | 62.9% |
| 2021 | 56.3% |
| 2020 | −33.0% |
| 2019 | 9.3% |
| 2018 | −20.0% |
| 2017 | −2.5% |
| 2016 | 29.2% |
| 2015 | −23.2% |
| 2014 | −11.7% |
| 2013 | 25.8% |
| 2012 | 3.4% |
| 2011 | 2.8% |
| 2010 | 21.1% |
| 2009 | 25.5% |
| 2008 | −39.6% |
| 2007 | 34.6% |
| 2006 | 19.0% |
| 2005 | 39.1% |
| 2004 (part of the year) | 5.3% |

## What was VDE's worst drop?

A drawdown is how far a fund falls from its last high point. VDE's worst fall was −74.7%, from June 23, 2014 to March 18, 2020. It got back to that high on April 18, 2022.

The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

## Which Tactfolio strategies hold VDE?

No classic strategy holds VDE yet. You can add it to your own rules in the [builder](https://tactfolio.com/builder) and see how they would have done.

## How does VDE compare with similar ETFs?

Funds that can stand in for VDE:

- [XLE](https://tactfolio.com/etf/xle.md): State Street Energy Select Sector SPDR ETF, 0.08% a year
- [XLB](https://tactfolio.com/etf/xlb.md): State Street Materials Select Sector SPDR ETF, 0.08% a year
- [VAW](https://tactfolio.com/etf/vaw.md): Vanguard Materials ETF, 0.09% a year
- [DJP](https://tactfolio.com/etf/djp.md): iPath Bloomberg Commodity Index Total Return ETN, 0.7% a year

See [all 6 VDE alternatives](https://tactfolio.com/alternatives/vde.md), compared on the same dates as VDE.

## Test VDE in your own rules

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the [builder](https://tactfolio.com/builder), add VDE, and see how a rule such as "hold it only above its 200-day average" would have done. Strategies run on daily prices and hold US stocks and ETFs only.

## The details

Prices come from Tactfolio's stored daily prices for VDE. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns.

Fund facts come from Vanguard. We checked them on October 17, 2026. Read [what a backtest simulates](https://tactfolio.com/docs/backtests.md) and [how to read drawdown and CAGR](https://tactfolio.com/docs/concepts/reading-a-backtest.md) for more on these measures.

## Research and test it

- [S&P 500 index](https://tactfolio.com/learn/sp500-index): The S&P 500 tracks about 500 large US companies. Learn how stocks get in, how the index is weighted, how to invest in it, and how far it has fallen before.
- [What is an ETF](https://tactfolio.com/learn/what-is-an-etf): An ETF is a fund that trades like a stock. Learn how ETFs work, what they cost, the main types, and the risks, with SEC sources.
- [ETF screener](https://tactfolio.com/screener.md): A free ETF screener for 162 US-listed funds. Filter by type, issuer and fee, sort by returns or worst drop, and compare funds side by side.
- [ETF expense ratio](https://tactfolio.com/learn/etf-expense-ratio): What an ETF expense ratio is, how the fund charges it, and how 0.03% vs 1% adds up over 10 and 30 years, with real fund examples.
- [Backtest a portfolio](https://tactfolio.com/trading-tools/backtest-portfolio): Backtest a portfolio of US stocks and ETFs. Enter tickers and shares, pick when to rebalance, and get the results with a link to share.
- [Backtesting](https://tactfolio.com/backtesting): Free backtesting software for stocks, ETFs, and crypto perps.

## Common questions

### What is the expense ratio of VDE?

VDE charges 0.09% a year, according to Vanguard as of October 17, 2026. That is about $9 a year for every $10,000 you hold.

### When did VDE start trading?

VDE started trading on September 23, 2004. It is run by Vanguard.

### What does VDE track?

VDE tracks the MSCI US Investable Market Energy 25/50 Index. This fund owns shares of about 110 US energy companies, such as oil and gas producers and pipeline firms.

### How much has VDE returned per year?

From September 2004 to October 2026, VDE returned about 8.8% a year with dividends reinvested. Its worst drop was −74.7%. Past returns do not tell you what it will do next.

### Which strategies use VDE?

None of Tactfolio's classic strategies hold VDE yet. You can test it in your own rules in the builder.

## Sources

- [Vanguard: Vanguard Energy ETF fund page](https://investor.vanguard.com/investment-products/etfs/profile/vde)

> Not financial advice. Tactfolio is a research and automation tool. It is not a broker or a financial adviser. This page is for education only. Backtests are hypothetical. They show how rules would have done on past prices, not how they will do. All investing involves risk, including losing the money you put in.