- ISIN
- US9219361006
- CUSIP
- 921936100
- Issuer
- Vanguard
- Inception Date
- Nov 1, 1984
- Region
- North America (U.S.)
- Category
- Large Cap Growth Equities
- Min. Investment
- $3,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $82B
Share Price Chart
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Performance
VPMCX Performance Chart
Vanguard PRIMECAP Fund Investor Shares (VPMCX) is up 25.5% since the beginning of the year. VPMCX is currently trading at $224 per share. Investors who bought $1,000 worth of VPMCX shares 5 years ago would now be looking at an investment worth $2,120.
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Returns By Period
Vanguard PRIMECAP Fund Investor Shares (VPMCX) has returned 25.53% so far this year and 58.87% over the past 12 months.
Vanguard PRIMECAP Fund Investor Shares
- 1D
- -0.09%
- 1M
- 7.67%
- YTD
- 25.53%
- 6M
- 26.74%
- 1Y
- 58.87%
- 3Y*
- 28.17%
- 5Y*
- 16.22%
- 10Y*
- 17.54%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VPMCX Monthly Returns History
Based on dividend-adjusted daily data since Oct 31, 1984, VPMCX's average daily return is +0.06%, while the average monthly return is +1.33%. At this rate, an investment would double in approximately 4.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Dec 1989 with a return of +21.8%, while the worst month was Oct 1987 at -25.6%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, VPMCX closed higher 53% of trading days. The best single day was Dec 28, 1989 with a return of +22.0%, while the worst single day was Oct 19, 1987 at -21.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.25% | -0.15% | -7.48% | 13.86% | 12.48% | 0.81% | 25.53% | ||||||
| 2025 | 4.38% | 0.98% | -6.13% | -1.85% | 4.31% | 5.45% | 0.76% | 3.77% | 5.66% | 4.69% | 3.28% | 1.56% | 29.60% |
| 2024 | 0.48% | 4.33% | 4.11% | -3.30% | 4.71% | 4.08% | -1.68% | 2.72% | -0.13% | -2.40% | 3.46% | -3.35% | 13.23% |
| 2023 | 6.90% | -4.03% | 4.24% | 0.95% | 1.55% | 6.56% | 3.48% | 0.19% | -3.83% | -3.82% | 9.13% | 4.81% | 28.16% |
| 2022 | -4.47% | -2.87% | 2.75% | -7.62% | 2.26% | -8.47% | 7.01% | -4.94% | -7.95% | 8.21% | 7.72% | -5.77% | -15.22% |
| 2021 | 2.17% | 5.10% | 2.48% | 2.72% | 1.30% | 2.79% | -0.35% | 1.81% | -4.84% | 5.94% | -1.98% | 3.08% | 21.64% |
Benchmark Metrics
Vanguard PRIMECAP Fund Investor Shares has an annualized alpha of 19.67%, beta of 1.19, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since November 01, 1984.
- This fund captured 200.47% of S&P 500 Index gains and 103.37% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 19.67% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 19.67%
- Beta
- 1.19
- R²
- 0.77
- Upside Capture
- 200.47%
- Downside Capture
- 103.37%
Expense Ratio
VPMCX has an expense ratio of 0.38%, placing it in the medium range.
Return for Risk
Risk / Return Rank
VPMCX 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 Investor Shares (VPMCX) and compare them to S&P 500 Index.
| VPMCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.64 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.00 | — | — |
| Martin ratioReturn relative to average drawdown | 23.04 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Vanguard PRIMECAP Fund Investor Shares provided a 13.03% dividend yield over the last twelve months, with an annual payout of $29.21 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $29.21 | $29.21 | $10.64 | $10.81 | $12.44 | $16.49 | $14.46 | $9.95 | $9.71 | $5.83 | $5.30 | $5.89 |
Dividend yield | 13.03% | 16.36% | 6.62% | 7.16% | 9.85% | 10.08% | 9.74% | 7.15% | 8.32% | 4.53% | 5.05% | 5.91% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard PRIMECAP Fund Investor 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 | $29.21 | $29.21 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $10.64 | $10.64 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $10.81 | $10.81 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $12.44 | $12.44 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $16.49 | $16.49 |
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 Investor 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 Investor Shares was 50.45%, occurring on Oct 9, 2002. Recovery took 785 trading sessions.
The current Vanguard PRIMECAP Fund Investor Shares drawdown is 0.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -50.45%Oct 2002 | 2y 2mo | 3y 1mo | 5y 4moJul 2000 - Nov 2005 |
Financial crisis2007–2009 | -48.42%Mar 2009 | 1y 4mo | 1y 10mo | 3y 3moOct 2007 - Jan 2011 |
Black Monday1987 | -37.27%Dec 1987 | 1mo 29d | 1y 1mo | 1y 3moOct 1987 - Jan 1989 |
COVID crash2020 | -32.65%Mar 2020 | 1mo 9d | 5mo 8d | 6mo 17dFeb 2020 - Aug 2020 |
1990 bear market1990 | -25.40%Oct 1990 | 2mo 26d | 3mo 27d | 6mo 23dJul 1990 - Feb 1991 |
Drawdown Indicators
| VPMCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.45% | -9.10% | -41.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.65% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -2.97% | +2.88% |
Average DrawdownAverage peak-to-trough decline | -7.40% | -1.13% | -6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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