FISPX vs. VPCCX

Last updated Aug 1, 2026

FISPX (Federated Hermes Max Cap Index Fund) and VPCCX (Vanguard PRIMECAP Core Fund) are both Large Cap Blend Equities funds. Over the past 10 years, FISPX returned 14.69%/yr vs 16.14%/yr for VPCCX. Their correlation of 0.93 means they have usually moved in the same direction. Both charge a 0.37% expense ratio.

Performance

FISPX vs. VPCCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Max Cap Index Fund (FISPX) and Vanguard PRIMECAP Core Fund (VPCCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FISPX achieves a 9.44% return, which is significantly lower than VPCCX's 24.47% return. Over the past 10 years, FISPX has underperformed VPCCX with an annualized return of 14.69%, while VPCCX has yielded a comparatively higher 16.14% annualized return.

FISPX

• 1D: 1.64%
• 1M: -0.43%
• 6M: 7.43%
• YTD: 9.44%
• 1Y: 18.83%
• 3Y*: 18.84%
• 5Y*: 12.37%
• 10Y*: 14.69%
• ALL TIME*: 10.65%

VPCCX

• 1D: 2.99%
• 1M: -3.96%
• 6M: 16.68%
• YTD: 24.47%
• 1Y: 50.05%
• 3Y*: 24.63%
• 5Y*: 15.41%
• 10Y*: 16.14%
• ALL TIME*: 12.65%

*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)
FISPX Federated Hermes Max Cap Index Fund	$0.00	$0.00	$0.00
VPCCX Vanguard PRIMECAP Core Fund	$0.00	$0.00	$0.00

FISPX vs. VPCCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FISPX Federated Hermes Max Cap Index Fund	9.44%	17.57%	24.47%	26.27%	-18.87%	28.57%	18.27%	30.73%	-4.68%	21.61%
VPCCX Vanguard PRIMECAP Core Fund	24.47%	29.96%	12.72%	23.58%	-12.43%	24.30%	12.04%	27.70%	-4.89%	26.27%

Correlation

The correlation between FISPX and VPCCX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Dec 9, 2004	0.93

The correlation between FISPX and VPCCX shifts across timeframes, from 0.74 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FISPX vs. VPCCX — Risk / Return Rank

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

FISPX

FISPX Risk / Return Rank: 68
FISPX Sharpe Ratio Rank: 67
FISPX Sortino Ratio Rank: 64
FISPX Omega Ratio Rank: 63
FISPX Calmar Ratio Rank: 70
FISPX Martin Ratio Rank: 78

VPCCX

VPCCX Risk / Return Rank: 92
VPCCX Sharpe Ratio Rank: 94
VPCCX Sortino Ratio Rank: 90
VPCCX Omega Ratio Rank: 86
VPCCX Calmar Ratio Rank: 96
VPCCX Martin Ratio Rank: 95

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.

FISPX vs. VPCCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Max Cap Index Fund (FISPX) and Vanguard PRIMECAP Core Fund (VPCCX). 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.

	FISPX	VPCCX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.43	-0.86
Sortino ratio: Return per unit of downside risk	2.20	3.33	-1.12
Omega ratio: Gain probability vs. loss probability	1.28	1.42	-0.14
Calmar ratio: Return relative to maximum drawdown	2.29	4.42	-2.14
Martin ratio: Return relative to average drawdown	9.46	15.82	-6.36

FISPX vs. VPCCX - Sharpe Ratio Comparison

The current FISPX Sharpe Ratio is 1.57, which is lower than the VPCCX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of FISPX and VPCCX, 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

FISPX vs. VPCCX - Drawdown Comparison

The maximum FISPX drawdown since its inception was -54.64%, which is greater than VPCCX's maximum drawdown of -47.53%. Use the drawdown chart below to compare losses from any high point for FISPX and VPCCX.

Drawdown Indicators

	FISPX	VPCCX	Difference
Max Drawdown Largest peak-to-trough decline	-54.64%	-47.53%	-7.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.77%	-10.50%	+1.73%
Max Drawdown (3Y) Largest decline over 3 years	-24.78%	-19.92%	-4.86%
Max Drawdown (5Y) Largest decline over 5 years	-25.02%	-22.75%	-2.27%
Max Drawdown (10Y) Largest decline over 10 years	-33.80%	-34.60%	+0.80%
Current Drawdown Current decline from peak	-2.04%	-7.82%	+5.78%
Average Drawdown Average peak-to-trough decline	-8.94%	-5.73%	-3.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	2.94%	-0.89%

Volatility

FISPX vs. VPCCX - Volatility Comparison

The current volatility for Federated Hermes Max Cap Index Fund (FISPX) is 3.45%, while Vanguard PRIMECAP Core Fund (VPCCX) has a volatility of 6.53%. This indicates that FISPX experiences smaller price fluctuations and is considered to be less risky than VPCCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FISPX	VPCCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	6.53%	-3.08%
Volatility (6M) Calculated over the trailing 6-month period	10.31%	16.22%	-5.91%
Volatility (1Y) Calculated over the trailing 1-year period	12.75%	19.14%	-6.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.27%	18.15%	+3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.19%	18.94%	+1.25%

FISPX vs. VPCCX - Expense Ratio Comparison

Both FISPX and VPCCX have an expense ratio of 0.37%.

Dividends

FISPX vs. VPCCX - Dividend Comparison

FISPX's dividend yield for the trailing twelve months is around 7.34%, less than VPCCX's 13.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FISPX Federated Hermes Max Cap Index Fund	7.34%	8.03%	12.57%	22.88%	16.35%	16.48%	23.53%	15.79%	47.85%	25.80%	18.45%	14.91%
VPCCX Vanguard PRIMECAP Core Fund	13.86%	17.25%	7.17%	5.73%	8.40%	6.89%	7.89%	6.99%	9.45%	4.10%	5.52%	4.96%

Frequently Asked Questions

Can I hold both FISPX and VPCCX in my portfolio?

FISPX and VPCCX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FISPX or VPCCX?

VPCCX has higher volatility (6.53%) compared to FISPX (3.45%). In terms of maximum drawdown, FISPX dropped -54.64% vs VPCCX's -47.53%.

Which has better risk-adjusted returns?

VPCCX currently has the higher Sharpe Ratio (2.43 vs 1.57), 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.