PRCGX vs. VSMAX

Last updated Jun 5, 2026

PRCGX (Perritt MicroCap Opportunities Fund) and VSMAX (Vanguard Small-Cap Index Fund Admiral Shares) are both Small Cap Blend Equities funds. Their correlation of 0.88 suggests significant overlap in exposure. PRCGX charges 1.56%/yr vs 0.05%/yr for VSMAX.

Performance

PRCGX vs. VSMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Perritt MicroCap Opportunities Fund (PRCGX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PRCGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VSMAX

• 1D: -0.68%
• 1M: 2.34%
• YTD: 14.16%
• 6M: 13.54%
• 1Y: 28.90%
• 3Y*: 17.04%
• 5Y*: 7.10%
• 10Y*: 11.29%

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

PRCGX vs. VSMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRCGX Perritt MicroCap Opportunities Fund	13.20%	8.36%	10.29%	12.07%	-16.05%	31.15%	8.88%	9.37%	-17.61%	6.60%
VSMAX Vanguard Small-Cap Index Fund Admiral Shares	14.16%	8.83%	14.23%	18.17%	-17.61%	17.74%	19.06%	27.36%	-9.33%	16.24%

Correlation

The correlation between PRCGX and VSMAX is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Nov 14, 2000	0.88

Over the past year, the correlation between PRCGX and VSMAX has dropped to 0.65 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

Return for Risk

PRCGX vs. VSMAX — Risk / Return Rank

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

VSMAX

VSMAX Risk / Return Rank: 47
VSMAX Sharpe Ratio Rank: 37
VSMAX Sortino Ratio Rank: 37
VSMAX Omega Ratio Rank: 34
VSMAX Calmar Ratio Rank: 70
VSMAX Martin Ratio Rank: 60

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.

PRCGX vs. VSMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Perritt MicroCap Opportunities Fund (PRCGX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PRCGX	VSMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.78	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.39	—

Drawdowns

Drawdown Indicators

	PRCGX	VSMAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-59.68%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.82%	—
Current Drawdown Current decline from peak	—	-0.68%	—
Average Drawdown Average peak-to-trough decline	—	-9.69%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.43%	—

Volatility

Volatility by Period

	PRCGX	VSMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.29%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.71%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	21.56%	—

PRCGX vs. VSMAX - Expense Ratio Comparison

PRCGX has a 1.56% expense ratio, which is higher than VSMAX's 0.05% expense ratio.

Dividends

PRCGX vs. VSMAX - Dividend Comparison

PRCGX's dividend yield for the trailing twelve months is around 12.01%, more than VSMAX's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRCGX Perritt MicroCap Opportunities Fund	12.01%	8.78%	8.28%	7.34%	3.26%	15.00%	0.00%	3.50%	14.70%	28.27%	9.03%	1.67%
VSMAX Vanguard Small-Cap Index Fund Admiral Shares	1.19%	1.33%	1.30%	1.56%	1.54%	1.24%	1.14%	1.39%	1.67%	1.35%	1.49%	1.48%

Frequently Asked Questions

Can I hold both PRCGX and VSMAX in my portfolio?

PRCGX and VSMAX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.