- ISIN
- US9219362095
- CUSIP
- 921936209
- Issuer
- Vanguard
- Inception Date
- Nov 12, 2001
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities
- Min. Investment
- $50,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $92B
Share Price Chart
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Performance
VPMAX Performance Chart
Vanguard PRIMECAP Fund Admiral Shares (VPMAX) is up 28.2% since the beginning of the year. VPMAX is currently trading at $237 per share. Investors who bought $1,000 worth of VPMAX shares 5 years ago would now be looking at an investment worth $2,177.
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Returns By Period
Vanguard PRIMECAP Fund Admiral Shares (VPMAX) has returned 28.16% so far this year and 60.80% over the past 12 months. Looking at the last ten years, VPMAX has achieved an annualized return of 18.17%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Vanguard PRIMECAP Fund Admiral Shares
- 1D
- 2.63%
- 1M
- 6.82%
- YTD
- 28.16%
- 6M
- 27.34%
- 1Y
- 60.80%
- 3Y*
- 27.27%
- 5Y*
- 16.84%
- 10Y*
- 18.17%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VPMAX Monthly Returns History
Based on dividend-adjusted daily data since Nov 12, 2001, VPMAX's average daily return is +0.05%, while the average monthly return is +1.10%. At this rate, an investment would double in approximately 5.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +13.9%, while the worst month was Oct 2008 at -16.3%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, VPMAX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +11.5%, while the worst single day was Mar 16, 2020 at -11.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.26% | -0.15% | -7.48% | 13.87% | 12.49% | 2.88% | 28.16% | ||||||
| 2025 | 4.39% | 0.98% | -6.11% | -1.85% | 4.33% | 5.46% | 0.76% | 3.77% | 5.67% | 4.70% | 3.28% | 1.56% | 29.70% |
| 2024 | 0.49% | 4.33% | 4.12% | -3.29% | 4.71% | 4.08% | -1.67% | 2.72% | -0.12% | -2.39% | 3.47% | -3.35% | 13.30% |
| 2023 | 6.91% | -4.02% | 4.25% | 0.96% | 1.56% | 6.56% | 3.49% | 0.20% | -3.83% | -3.81% | 9.13% | 4.82% | 28.25% |
| 2022 | -4.47% | -2.87% | 2.76% | -7.62% | 2.27% | -8.46% | 7.02% | -4.94% | -7.94% | 8.21% | 7.72% | -5.76% | -15.16% |
| 2021 | 2.18% | 5.11% | 2.49% | 2.72% | 1.30% | 2.80% | -0.35% | 1.82% | -4.84% | 5.95% | -1.97% | 3.09% | 21.72% |
Benchmark Metrics
Vanguard PRIMECAP Fund Admiral Shares has an annualized alpha of 4.52%, beta of 0.99, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since November 12, 2001.
- This fund captured 115.94% of S&P 500 Index gains but only 94.71% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 4.52% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.99 and R2 of 0.93, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 4.52%
- Beta
- 0.99
- R²
- 0.93
- Upside Capture
- 115.94%
- Downside Capture
- 94.71%
Expense Ratio
VPMAX has an expense ratio of 0.27%, which is considered low.
Return for Risk
Risk / Return Rank
VPMAX ranks 94 for risk / return — in the top 94% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard PRIMECAP Fund Admiral Shares (VPMAX) and compare them to S&P 500 Index.
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.
| VPMAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.37 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 5.13 | 2.78 | +2.35 |
| Martin ratioReturn relative to average drawdown | 23.31 | 12.44 | +10.87 |
Dividends
Dividend History
Vanguard PRIMECAP Fund Admiral Shares provided a 12.84% dividend yield over the last twelve months, with an annual payout of $30.43 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $30.43 | $30.43 | $11.16 | $11.31 | $13.01 | $17.24 | $15.11 | $10.42 | $10.19 | $6.05 | $5.58 | $6.19 |
Dividend yield | 12.84% | 16.46% | 6.71% | 7.24% | 9.94% | 10.18% | 9.82% | 7.23% | 8.43% | 4.52% | 5.13% | 5.99% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard PRIMECAP Fund Admiral Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $30.43 | $30.43 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $11.16 | $11.16 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $11.31 | $11.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $13.01 | $13.01 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $17.24 | $17.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard PRIMECAP Fund Admiral Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard PRIMECAP Fund Admiral Shares was 48.32%, occurring on Mar 9, 2009. Recovery took 462 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -48.32%Mar 2009 | 1y 4mo | 1y 10mo | 3y 2moOct 2007 - Jan 2011 |
Dot-com crash2000–2002 | -37.30%Oct 2002 | 7mo 1d | 1y 2mo | 1y 9moMar 2002 - Dec 2003 |
COVID crash2020 | -32.65%Mar 2020 | 1mo 9d | 5mo 8d | 6mo 17dFeb 2020 - Aug 2020 |
Bear market2022 | -25.21%Sep 2022 | 10mo 21d | 10mo 5d | 1y 8moNov 2021 - Jul 2023 |
2011 bear market2011 | -20.86%Oct 2011 | 5mo 4d | 5mo 25d | 10mo 29dMay 2011 - Mar 2012 |
Drawdown Indicators
| VPMAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.32% | -56.78% | +8.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.72% | -9.10% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -20.55% | -18.90% | -1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -25.21% | -25.43% | +0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -32.65% | -33.92% | +1.27% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -10.71% | +4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.03% | +0.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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