Vogenx (VOGX)
Market Price (9/21/2026): $32.53 | Market Cap: $452.4 MilSector: Health Care | Industry: Biotechnology
Vogenx (VOGX)
Market Price (9/21/2026): $32.53Market Cap: $452.4 MilSector: Health CareIndustry: Biotechnology
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Biopharmaceutical R&D, Show more. | Trading close to highsDist 52W High is -4.8%, Dist 3Y High is -4.8% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.5 Mil Stock price has recently run up significantly6M Rtn6 month market price return is 150%, 12M Rtn12 month market price return is 150% High stock price volatilityVol 12M is 125% Key risksVOGX key risks include [1] a critical dependency on the success of its single drug candidate, Show more. |
| Megatrend and thematic driversMegatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Biopharmaceutical R&D, Show more. |
| Trading close to highsDist 52W High is -4.8%, Dist 3Y High is -4.8% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.5 Mil |
| Stock price has recently run up significantly6M Rtn6 month market price return is 150%, 12M Rtn12 month market price return is 150% |
| High stock price volatilityVol 12M is 125% |
| Key risksVOGX key risks include [1] a critical dependency on the success of its single drug candidate, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Vogenx (VOGX) stock has gained about 150% since it went public on 8/12/2026 because of the following key factors:
1. Robust Initial Public Offering Performance: Vogenx's IPO was significantly successful, pricing at $13.00 per share, the high end of its proposed range, on August 11, 2026. The stock commenced trading on the Nasdaq Capital Market on August 12, 2026, opening at $32.21, substantially above its offering price. The strong investor demand was further underscored by the full exercise of the underwriters' over-allotment option, bringing total gross proceeds to approximately $93.4 million from the sale of 7,187,500 shares.
2. Promising Clinical Pipeline and Data: The company is a clinical-stage biopharmaceutical firm focusing on metabolic diseases, with its lead product candidate, mizagliflozin, a selective SGLT1 inhibitor. This candidate is in Phase 2b preparation for post-bariatric hypoglycemia (PBH) and is slated for Phase 2 trials in gastroparesis and GIP-dependent Cushing's Syndrome. Positive results from two Phase 2 clinical studies for mizagliflozin in PBH demonstrated a statistically significant reduction in postprandial glucose absorption and insulin secretion, which has generated investor confidence in its therapeutic potential.
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Vogenx (VOGX) stock has gained about 150% since it went public on 8/12/2026 because of the following key factors:
1. Robust Initial Public Offering Performance: Vogenx's IPO was significantly successful, pricing at $13.00 per share, the high end of its proposed range, on August 11, 2026. The stock commenced trading on the Nasdaq Capital Market on August 12, 2026, opening at $32.21, substantially above its offering price. The strong investor demand was further underscored by the full exercise of the underwriters' over-allotment option, bringing total gross proceeds to approximately $93.4 million from the sale of 7,187,500 shares.
2. Promising Clinical Pipeline and Data: The company is a clinical-stage biopharmaceutical firm focusing on metabolic diseases, with its lead product candidate, mizagliflozin, a selective SGLT1 inhibitor. This candidate is in Phase 2b preparation for post-bariatric hypoglycemia (PBH) and is slated for Phase 2 trials in gastroparesis and GIP-dependent Cushing's Syndrome. Positive results from two Phase 2 clinical studies for mizagliflozin in PBH demonstrated a statistically significant reduction in postprandial glucose absorption and insulin secretion, which has generated investor confidence in its therapeutic potential.
3. Enhanced Financial Stability and Runway: The net proceeds from the IPO, totaling approximately $84.9 million after expenses, significantly strengthened Vogenx's financial position. This capital infusion is projected by management to fund the company's operations for at least the next 12 months and potentially through 2028, providing a crucial multi-year runway for the continued advancement of its clinical development programs.
4. Bullish Analyst Coverage and Price Targets: Following the IPO, Vogenx received positive initial coverage from Wall Street analysts. JonesTrading initiated coverage with a "Buy" rating and a price target of $55.00, while WBB Securities issued a "Speculative Buy" rating with a $42.00 price target. The consensus among analysts is a "Strong Buy" rating with an average price target of $48.50, indicating strong market confidence in the stock's future appreciation.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
5/31/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| VOGX | ||
| Market (SPY) | 0.9% | 14.8% |
| Sector (XLV) | 12.7% | 49.8% |
Fundamental Drivers
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Market Drivers
2/28/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| VOGX | ||
| Market (SPY) | 11.6% | 14.8% |
| Sector (XLV) | 5.5% | 49.8% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 9/20/2026| Return | Correlation | |
|---|---|---|
| VOGX | ||
| Market (SPY) | 19.4% | 14.8% |
| Sector (XLV) | 24.1% | 49.8% |
Fundamental Drivers
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Market Drivers
8/31/2023 to 9/20/2026| Return | Correlation | |
|---|---|---|
| VOGX | ||
| Market (SPY) | 75.6% | 14.8% |
| Sector (XLV) | 32.3% | 49.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VOGX Return | - | - | - | - | - | 163% | 163% |
| Peers Return | -8% | 93% | -39% | -16% | 86% | 30% | 122% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| VOGX Win Rate | - | - | - | - | - | 100% | |
| Peers Win Rate | 44% | 44% | 31% | 54% | 58% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| VOGX Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -47% | -54% | -69% | -54% | -33% | -41% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMLX, VNDA, MDGL, ALT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)
How Low Can It Go
VOGX has limited trading history. Below is the Health Care sector ETF (XLV) in its place.
| Event | XLV | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -11.7% | -18.8% |
| % Gain to Breakeven | 13.3% | 23.1% |
| Time to Breakeven | 142 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -13.8% | -24.5% |
| % Gain to Breakeven | 15.9% | 32.4% |
| Time to Breakeven | 166 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.9% | -33.7% |
| % Gain to Breakeven | 38.8% | 50.9% |
| Time to Breakeven | 77 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -15.0% | -19.2% |
| % Gain to Breakeven | 17.6% | 23.8% |
| Time to Breakeven | 191 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -15.9% | -12.2% |
| % Gain to Breakeven | 18.9% | 13.9% |
| Time to Breakeven | 165 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -15.8% | -17.9% |
| % Gain to Breakeven | 18.8% | 21.8% |
| Time to Breakeven | 153 days | 123 days |
In The Past
State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% gain to breakeven.
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Asset Allocation
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VOGX has limited trading history. Below is the Health Care sector ETF (XLV) in its place.
| Event | XLV | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -27.9% | -33.7% |
| % Gain to Breakeven | 38.8% | 50.9% |
| Time to Breakeven | 77 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -37.9% | -53.4% |
| % Gain to Breakeven | 61.1% | 114.4% |
| Time to Breakeven | 767 days | 1085 days |
In The Past
State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Vogenx (VOGX)
Vogenx (VOGX) is a clinical-stage biopharmaceutical company focused on developing novel therapies for serious diseases associated with dysfunctions in human metabolism. Founded in 2021 by experienced leaders in metabolic drug development, the company's core mission is to address conditions such as post-bariatric hypoglycemia (PBH), gastroparesis, and GIP-dependent Cushing’s Syndrome (GDCS). Vogenx aims to advance its lead product candidate through clinical development and toward regulatory approval to serve patients with these specific metabolic disorders.
The company's primary product is mizagliflozin, an orally administered, minimally absorbed small molecule drug candidate. Mizagliflozin functions as a selective inhibitor of SGLT1, a glucose transporter located in the gastrointestinal tract responsible for dietary glucose absorption into the bloodstream. By inhibiting SGLT1, mizagliflozin is designed to reduce and delay postprandial glucose absorption, subsequently lowering the overproduction of insulin and glucose-dependent insulinotropic polypeptide (GIP).
Vogenx has demonstrated promising clinical progress, having completed two Phase 2 clinical studies for mizagliflozin in patients with PBH, showing statistically significant reductions in postprandial glucose absorption and insulin secretion, and improvements in glucose nadir and peak. The company plans to begin screening patients for its Phase 2b EMERGE study for PBH in 2026. Additionally, Vogenx expects to initiate a Phase 2 proof-of-concept trial for gastroparesis in 2027 and submit an Investigational New Drug (IND) application for mizagliflozin in GDCS in the same year, targeting these specific patient populations.
AI Analysis | Feedback
Vogenx is like a clinical-stage Eli Lilly, but hyper-focused on developing therapies for niche metabolic disorders such as post-bariatric hypoglycemia and gastroparesis.
Think of Vogenx as a specialized Novo Nordisk, working on novel treatments for specific gastrointestinal-related metabolic issues like post-bariatric hypoglycemia, rather than broad diabetes and obesity.
AI Analysis | Feedback
- Mizagliflozin: An orally administered, minimally absorbed small molecule drug candidate, a selective inhibitor of SGLT1, in development for the treatment of post-bariatric hypoglycemia (PBH), gastroparesis, and GIP-dependent Cushing’s Syndrome (GDCS).
- VGX-2857: A preclinical small molecule candidate being considered for metabolic disease indications, including weight maintenance.
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Major Customers of Vogenx (VOGX)
Vogenx (VOGX) is a clinical-stage biopharmaceutical company focused on the discovery and development of novel therapies. The company's primary objective is to advance its lead investigational product candidate, mizagliflozin, through clinical development and towards regulatory approval for the treatment of serious diseases such as post-bariatric hypoglycemia, gastroparesis, and GIP-dependent Cushing’s Syndrome.
As Vogenx is currently in the research and clinical development stage and has not yet commercialized any products, it does not have major customers (either other companies or individual consumers) at this time. Its focus is on drug development and obtaining regulatory approval, rather than product sales.
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Kissei Pharmaceutical Co., Ltd. (TYO: 4547)
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James Green, President, Chief Executive Officer & Chairman
James Green is a co-founder of Vogenx, serving since February 2021. Prior to Vogenx, Mr. Green was the chief executive officer of several clinical-stage pharmaceutical companies, including Avolynt and BHV Pharma. He has also held leadership positions at Lonza, GlaxoSmithKline, Ernst & Young, and Bank of America. Mr. Green began his career in banking, advising on mergers and acquisitions, financings, and other strategic transactions.
Steven Delmar, Chief Financial Officer, Corporate Secretary
Steven Delmar is a co-founder of Vogenx, serving since February 2021. He brings over two decades of experience as a chief financial officer of public companies and in various executive management positions within the pharmaceutical, telecommunications, and software industries. Mr. Delmar has successfully led several debt and equity financings, including an initial public offering, and managed the execution and integration of multiple acquisitions and private equity sale transactions.
William Wilkison, Ph.D., Chief Scientific Officer, Chair of the Scientific Advisory Board
William Wilkison, Ph.D., is a co-founder of Vogenx, serving since February 2021. Previously, Dr. Wilkison founded and served as a senior executive at various public and private drug development companies, where he was responsible for overall pipeline strategy and oversight of research and development activities. He spent several years at GlaxoSmithKline, and its predecessor companies, focusing on metabolic disease in worldwide business development, responsible for target and lead identification and development. Dr. Wilkison also held leadership roles at Avolynt and BHV Pharma.
AI Analysis | Feedback
The key risks to Vogenx's business are primarily centered around the challenging and uncertain nature of drug development and its heavy reliance on a single product candidate.
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Clinical Development and Regulatory Approval Risk
Vogenx is a clinical-stage biopharmaceutical company, meaning its lead product candidate, mizagliflozin, is still undergoing rigorous testing in human clinical trials. The success of the company is entirely contingent upon mizagliflozin successfully demonstrating efficacy and safety across multiple phases of clinical development and ultimately receiving regulatory approval from bodies like the FDA. This process is inherently lengthy, expensive, and subject to high failure rates. Vogenx is currently planning a Phase 2b study for PBH in 2026, a Phase 2 proof-of-concept trial for gastroparesis in 2027, and an IND submission for GDCS in 2027, all of which represent significant future hurdles that carry substantial risk. Even with positive early results, there is no guarantee of success in later-stage trials or of ultimate regulatory approval.
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Product Concentration Risk
Vogenx's business is almost entirely dependent on the successful development and commercialization of a single lead investigational product candidate, mizagliflozin. While the company mentions a preclinical candidate, VGX-2857, it is in a very early stage of development and does not significantly diversify the company's risk profile in the near term. Should mizagliflozin fail to achieve its clinical endpoints, encounter unexpected safety issues, or fail to gain regulatory approval for any of its target indications (PBH, gastroparesis, GDCS), Vogenx's future prospects and viability would be severely jeopardized.
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Post-Bariatric Hypoglycemia (PBH)
The global market for post-bariatric hypoglycemia treatment was valued at approximately USD 415.63 million in 2024 and is projected to reach USD 752.37 million by 2032. Another report indicates the market across the top 7 major markets (US, EU4, UK, and Japan) was USD 310.5 million in 2025 and is expected to reach USD 523.5 million by 2036. In 2025, the market size for PBH in the 7MM (United States, EU4, United Kingdom, and Japan) was approximately USD 470 million. The United States alone accounted for approximately 73% of the total market size in the 7MM in 2025. Approximately 160,000 people in the U.S. are living with PBH.Gastroparesis
The global gastroparesis treatment market was valued at USD 6.63 billion in 2024 and is projected to reach USD 10.45 billion by 2034, growing at a CAGR of 4.65% from 2025 to 2034. Another estimate places the global gastroparesis treatment market at USD 8.75 billion in 2026, expected to reach USD 12.31 billion by 2033. North America is the dominant region in the global gastroparesis treatment market, holding an estimated market share of 40.8% in 2026. The U.S. gastroparesis treatment market size was valued at USD 1.95 billion in 2024 and is projected to reach approximately USD 3.13 billion by 2034.GIP-dependent Cushing’s Syndrome (GDCS)
GIP-dependent Cushing's Syndrome (GDCS), also referred to as food-dependent Cushing's syndrome (FDCS), is a rare form of hypercortisolism. Specific market size data for GDCS alone is not available. However, the broader Cushing's Syndrome market provides an indication of the potential landscape. The global Cushing's Syndrome market was valued at approximately USD 1.13 billion in 2025 and is projected to reach USD 1.87 billion by 2033. Another source estimates the global market for Cushing's Syndrome at USD 1.2 billion in 2026, with an expectation to reach USD 1.9 billion by 2033. The Cushing's Disease market in the 7MM (US, EU4, UK, and Japan) was valued at approximately USD 1,089 million in 2025 and is projected to grow to USD 1,823 million by 2034.AI Analysis | Feedback
The expected drivers of future revenue growth for Vogenx (VOGX) over the next 2-3 years are centered on the clinical development and potential market expansion of its lead investigational product candidate, mizagliflozin:
- Advancement of Mizagliflozin for Post-Bariatric Hypoglycemia (PBH): Vogenx expects to begin screening patients in 2026 for its Phase 2b EMERGE study for mizagliflozin in PBH. Successful progression and positive outcomes in this clinical trial would be a significant driver by moving the drug closer to regulatory approval and eventual commercialization for a condition with observed reductions in hypoglycemic events.
- Expansion of Mizagliflozin into Gastroparesis: The company plans to initiate a Phase 2 proof-of-concept clinical trial of mizagliflozin in patients diagnosed with gastroparesis in 2027. This represents an entry into a new therapeutic area, expanding the potential market for mizagliflozin beyond PBH.
- Development of Mizagliflozin for GIP-Dependent Cushing’s Syndrome (GDCS): Vogenx anticipates submitting an Investigational New Drug (IND) application to the U.S. Food and Drug Administration (FDA) in 2027 for the use of mizagliflozin in patients with GDCS. Gaining IND approval and progressing into clinical trials for this additional indication would further broaden the potential addressable market and future revenue streams for the company.
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Share Issuance
- Vogenx completed its initial public offering (IPO) on August 12, 2026, with its common stock beginning to trade on the Nasdaq Capital Market under the ticker symbol VOGX.
- The company issued 6,250,000 shares of its common stock at an offering price of $13.00 per share.
- The gross proceeds to Vogenx from the IPO were approximately $81.3 million, prior to deducting underwriting discounts, commissions, and other offering expenses.
Inbound Investments
- In 2021, Vogenx secured exclusive worldwide rights, excluding Japan, Korea, and Taiwan, to its lead investigational product candidate, mizagliflozin, from Kissei Pharmaceutical Co., Ltd. This licensing agreement was obtained in exchange for certain milestone payments and future royalties on net sales.
Capital Expenditures
- Vogenx reported capital expenditures of $0.00 million as of December 2025 and for the trailing twelve months ended March 2026.
- For the six months ended December 2025, the company's cash flow for purchasing property, plant, and equipment was $0.00 million.
Peer Outperformance in Biotechnology
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Health Care Distributors | 6 | 16.2% | 43.2% | 90.1% | CAH 392% · MCK 346% · COR 168% |
| Managed Health Care | 8 | 40.4% | -5.3% | 2.3% | OSCR 84% · HQY 56% · ELV 17% |
| Health Care Services | 20 | 21.1% | 37.6% | -0.3% | HIMS 239% · RDNT 173% · DGX 76% |
| Health Care Facilities | 24 | 6.0% | 6.5% | -4.5% | NHC 271% · THC 261% · ENSG 129% |
| Health Care Equipment | 50 | -2.7% | -0.2% | -21.1% | POCI 11050% · UFPT 341% · GKOS 222% |
| Pharmaceuticals | 62 | -10.5% | 14.8% | -38.6% | LQDA 2472% · INDV 1099% · ETON 1051% |
| Health Care Supplies | 12 | 14.1% | -8.9% | -39.7% | LNTH 287% · HAE 54% · MMSI 20% |
| Life Sciences Tools & Services | 109 | 4.3% | -11.3% | -68.4% | SNWV 1757% · MEDP 231% · NTRA 199% |
| Health Care Technology | 21 | -25.8% | -52.6% | -79.2% | SPOK 68% · HSTM 3% · VEEV -13% |
| Biotechnology ← | 364 | 0.6% | -21.7% | -79.4% | CELZ 1280% · DNTH 1221% · ELVN 1069% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 32.41 |
| Mkt Cap | 2.1 |
| Rev LTM | 0 |
| Op Inc LTM | -162 |
| FCF LTM | -127 |
| FCF 3Y Avg | -97 |
| CFO LTM | -127 |
| CFO 3Y Avg | -97 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 77.5% |
| Rev Chg 3Y Avg | 18.5% |
| Rev Chg Q | -3.9% |
| QoQ Delta Rev Chg LTM | -0.9% |
| Op Inc Chg LTM | -5.2% |
| Op Inc Chg 3Y Avg | -19.8% |
| Op Mgn LTM | -86.1% |
| Op Mgn 3Y Avg | -1,236.0% |
| QoQ Delta Op Mgn LTM | -12.4% |
| CFO/Rev LTM | -66.0% |
| CFO/Rev 3Y Avg | -1,047.4% |
| FCF/Rev LTM | -70.9% |
| FCF/Rev 3Y Avg | -1,063.3% |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.92 | -3.00 | -1.92 | -1.54 | -2.14 | -1.01 |
| Up Beta | 7.00 | 0.04 | -5.74 | 0.94 | -1.08 | 3.74 |
| Down Beta | 26.25 | 6.40 | 3.95 | -6.25 | 7.08 | 4.13 |
| Up Capture | 1120% | 538% | 313% | 119% | 54% | 5% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 13 | 13 | 13 | 13 | 13 | 13 |
| Down Capture | -1385% | -531% | -282% | -164% | -103% | -57% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 0 | 0 | 0 | 0 | 0 | 0 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VOGX | |
|---|---|---|---|---|
| VOGX | 150.9% | 125.5% | 7.71 | - |
| Sector ETF (XLV) | 24.4% | 16.1% | 1.16 | 49.8% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | 14.8% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | 20.8% |
| Commodities (DBC) | 46.3% | 20.6% | 1.73 | -18.0% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | 35.9% |
| Bitcoin (BTCUSD) | -30.6% | 44.3% | -0.70 | 39.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VOGX | |
|---|---|---|---|---|
| VOGX | 20.1% | 125.5% | 7.71 | - |
| Sector ETF (XLV) | 6.4% | 15.2% | 0.24 | 49.8% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 14.8% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | 20.8% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | -18.0% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | 35.9% |
| Bitcoin (BTCUSD) | 12.5% | 52.5% | 0.42 | 39.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VOGX | |
|---|---|---|---|---|
| VOGX | 9.6% | 125.5% | 7.71 | - |
| Sector ETF (XLV) | 10.6% | 16.7% | 0.51 | 49.8% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 14.8% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 20.8% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | -18.0% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | 35.9% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 39.9% |
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Industry Resources
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