PENNX vs. VFIAX
Compare and contrast key facts about Royce Pennsylvania Mutual Fund (PENNX) and Vanguard 500 Index Fund Admiral Shares (VFIAX).
PENNX is managed by Royce Investment Partners. It was launched on Oct 31, 1972. VFIAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PENNX or VFIAX.
Performance
PENNX vs. VFIAX - Performance Comparison
Returns By Period
In the year-to-date period, PENNX achieves a 12.96% return, which is significantly lower than VFIAX's 26.21% return. Over the past 10 years, PENNX has underperformed VFIAX with an annualized return of -3.11%, while VFIAX has yielded a comparatively higher 13.16% annualized return.
PENNX
12.96%
4.85%
7.35%
19.66%
2.29%
-3.11%
VFIAX
26.21%
1.78%
13.65%
32.34%
15.66%
13.16%
Key characteristics
| PENNX | VFIAX | |
|---|---|---|
| Sharpe Ratio | 1.09 | 2.69 |
| Sortino Ratio | 1.61 | 3.58 |
| Omega Ratio | 1.20 | 1.50 |
| Calmar Ratio | 0.49 | 3.89 |
| Martin Ratio | 5.22 | 17.49 |
| Ulcer Index | 3.87% | 1.88% |
| Daily Std Dev | 18.59% | 12.24% |
| Max Drawdown | -61.83% | -55.20% |
| Current Drawdown | -29.67% | -0.81% |
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PENNX vs. VFIAX - Expense Ratio Comparison
PENNX has a 0.92% expense ratio, which is higher than VFIAX's 0.04% expense ratio.
Correlation
The correlation between PENNX and VFIAX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PENNX vs. VFIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Pennsylvania Mutual Fund (PENNX) and Vanguard 500 Index Fund Admiral Shares (VFIAX). 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.
Dividends
PENNX vs. VFIAX - Dividend Comparison
PENNX's dividend yield for the trailing twelve months is around 0.35%, less than VFIAX's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PENNX Royce Pennsylvania Mutual Fund | 0.35% | 0.39% | 0.08% | 0.06% | 0.59% | 0.26% | 0.19% | 0.58% | 0.36% | 1.04% | 0.36% | 0.01% |
VFIAX Vanguard 500 Index Fund Admiral Shares | 1.23% | 1.45% | 1.68% | 1.24% | 1.53% | 1.87% | 2.05% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PENNX vs. VFIAX - Drawdown Comparison
The maximum PENNX drawdown since its inception was -61.83%, which is greater than VFIAX's maximum drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for PENNX and VFIAX. For additional features, visit the drawdowns tool.
Volatility
PENNX vs. VFIAX - Volatility Comparison
Royce Pennsylvania Mutual Fund (PENNX) has a higher volatility of 6.40% compared to Vanguard 500 Index Fund Admiral Shares (VFIAX) at 3.95%. This indicates that PENNX's price experiences larger fluctuations and is considered to be riskier than VFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.