IVW vs. VPMCX

Last updated Jun 4, 2026

IVW (iShares S&P 500 Growth ETF) and VPMCX (Vanguard PRIMECAP Fund Investor Shares) are both Large Cap Growth Equities funds. Over the past 10 years, IVW returned 18.07%/yr vs 17.57%/yr for VPMCX. Their correlation of 0.91 suggests significant overlap in exposure. IVW charges 0.18%/yr vs 0.38%/yr for VPMCX.

Performance

IVW vs. VPMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Growth ETF (IVW) and Vanguard PRIMECAP Fund Investor Shares (VPMCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVW achieves a 13.68% return, which is significantly lower than VPMCX's 25.40% return. Both investments have delivered pretty close results over the past 10 years, with IVW having a 18.07% annualized return and VPMCX not far behind at 17.57%.

IVW

• 1D: -0.98%
• 1M: 7.39%
• YTD: 13.68%
• 6M: 13.49%
• 1Y: 33.77%
• 3Y*: 27.99%
• 5Y*: 15.93%
• 10Y*: 18.07%

VPMCX

• 1D: 0.35%
• 1M: 12.86%
• YTD: 25.40%
• 6M: 26.79%
• 1Y: 58.79%
• 3Y*: 28.00%
• 5Y*: 16.44%
• 10Y*: 17.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IVW vs. VPMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVW iShares S&P 500 Growth ETF	13.68%	21.95%	35.82%	29.83%	-29.50%	31.80%	33.19%	30.77%	-0.21%	27.21%
VPMCX Vanguard PRIMECAP Fund Investor Shares	25.40%	29.60%	13.23%	28.16%	-15.22%	21.64%	17.16%	27.78%	-1.99%	28.17%

Correlation

The correlation between IVW and VPMCX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 30, 2000	0.91

The correlation between IVW and VPMCX shifts across timeframes, from 0.79 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

IVW vs. VPMCX - Sectors Allocation Comparison

Sectors	IVW	VPMCX
Technology	49.3%	28.9%
Communication Services	18.0%	7.7%
Consumer Cyclical	9.4%	11.8%
Financial Services	8.9%	7.6%
Industrials	6.2%	13.2%
Healthcare	5.8%	25.1%
Consumer Defensive	1.0%	1.1%
Real Estate	0.6%	0.1%
Utilities	0.4%	0.0%
Basic Materials	0.4%	1.6%
Energy	0.1%	1.8%

Return for Risk

IVW vs. VPMCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVW

IVW Risk / Return Rank: 57
IVW Sharpe Ratio Rank: 62
IVW Sortino Ratio Rank: 60
IVW Omega Ratio Rank: 59
IVW Calmar Ratio Rank: 49
IVW Martin Ratio Rank: 57

VPMCX

VPMCX Risk / Return Rank: 94
VPMCX Sharpe Ratio Rank: 97
VPMCX Sortino Ratio Rank: 95
VPMCX Omega Ratio Rank: 91
VPMCX Calmar Ratio Rank: 93
VPMCX Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVW vs. VPMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Growth ETF (IVW) and Vanguard PRIMECAP Fund Investor Shares (VPMCX). 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.

	IVW	VPMCX	Difference
Sharpe ratio: Return per unit of total volatility	2.14	3.75	-1.61
Sortino ratio: Return per unit of downside risk	2.88	5.04	-2.16
Omega ratio: Gain probability vs. loss probability	1.37	1.65	-0.29
Calmar ratio: Return relative to maximum drawdown	2.47	5.12	-2.65
Martin ratio: Return relative to average drawdown	10.19	23.59	-13.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVW vs. VPMCX - Sharpe Ratio Comparison

The current IVW Sharpe Ratio is 2.14, which is lower than the VPMCX Sharpe Ratio of 3.75. The chart below compares the historical Sharpe Ratios of IVW and VPMCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IVW	VPMCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	3.75	-1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.91	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.92	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.81	-0.35

Drawdowns

IVW vs. VPMCX - Drawdown Comparison

The maximum IVW drawdown since its inception was -57.33%, which is greater than VPMCX's maximum drawdown of -50.45%. Use the drawdown chart below to compare losses from any high point for IVW and VPMCX.

Drawdown Indicators

	IVW	VPMCX	Difference
Max Drawdown Largest peak-to-trough decline	-57.33%	-50.45%	-6.88%
Max Drawdown (1Y) Largest decline over 1 year	-13.75%	-11.73%	-2.02%
Max Drawdown (3Y) Largest decline over 3 years	-22.15%	-20.56%	-1.59%
Max Drawdown (5Y) Largest decline over 5 years	-32.72%	-25.25%	-7.47%
Max Drawdown (10Y) Largest decline over 10 years	-32.72%	-32.65%	-0.07%
Current Drawdown Current decline from peak	-1.12%	0.00%	-1.12%
Average Drawdown Average peak-to-trough decline	-17.62%	-7.41%	-10.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	2.54%	+0.78%

Volatility

IVW vs. VPMCX - Volatility Comparison

The current volatility for iShares S&P 500 Growth ETF (IVW) is 4.30%, while Vanguard PRIMECAP Fund Investor Shares (VPMCX) has a volatility of 6.18%. This indicates that IVW experiences smaller price fluctuations and is considered to be less risky than VPMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVW	VPMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	6.18%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	12.37%	12.85%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	15.87%	16.02%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.16%	18.26%	+2.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.62%	19.19%	+1.43%

IVW vs. VPMCX - Expense Ratio Comparison

IVW has a 0.18% expense ratio, which is lower than VPMCX's 0.38% expense ratio.

Dividends

IVW vs. VPMCX - Dividend Comparison

IVW's dividend yield for the trailing twelve months is around 0.35%, less than VPMCX's 13.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVW iShares S&P 500 Growth ETF	0.35%	0.40%	0.43%	1.03%	0.92%	0.46%	0.82%	1.63%	1.28%	1.30%	1.51%	1.51%
VPMCX Vanguard PRIMECAP Fund Investor Shares	13.04%	16.36%	6.62%	7.16%	9.85%	10.08%	9.74%	7.15%	8.32%	4.53%	5.05%	5.91%

Frequently Asked Questions

Can I hold both IVW and VPMCX in my portfolio?

IVW and VPMCX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVW or VPMCX?

VPMCX has higher volatility (6.18%) compared to IVW (4.30%). In terms of maximum drawdown, IVW dropped -57.33% vs VPMCX's -50.45%.

Which has better risk-adjusted returns?

VPMCX currently has the higher Sharpe Ratio (3.75 vs 2.14), 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.