PRME vs. VGT
Compare and contrast key facts about Prime Medicine Inc. Common Stock (PRME) and Vanguard Information Technology ETF (VGT).
VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRME or VGT.
Correlation
The correlation between PRME and VGT is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PRME vs. VGT - Performance Comparison
Key characteristics
PRME:
-0.79
VGT:
1.55
PRME:
-1.25
VGT:
2.05
PRME:
0.87
VGT:
1.28
PRME:
-0.77
VGT:
2.18
PRME:
-1.47
VGT:
7.80
PRME:
45.60%
VGT:
4.26%
PRME:
84.97%
VGT:
21.45%
PRME:
-87.50%
VGT:
-54.63%
PRME:
-86.27%
VGT:
-2.41%
Returns By Period
In the year-to-date period, PRME achieves a -67.27% return, which is significantly lower than VGT's 31.34% return.
PRME
-67.27%
-3.01%
-51.59%
-66.89%
N/A
N/A
VGT
31.34%
2.11%
9.77%
31.45%
22.00%
20.77%
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Risk-Adjusted Performance
PRME vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Prime Medicine Inc. Common Stock (PRME) and Vanguard Information Technology ETF (VGT). 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
PRME vs. VGT - Dividend Comparison
PRME has not paid dividends to shareholders, while VGT's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRME Prime Medicine Inc. Common Stock | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.59% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
PRME vs. VGT - Drawdown Comparison
The maximum PRME drawdown since its inception was -87.50%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for PRME and VGT. For additional features, visit the drawdowns tool.
Volatility
PRME vs. VGT - Volatility Comparison
Prime Medicine Inc. Common Stock (PRME) has a higher volatility of 24.10% compared to Vanguard Information Technology ETF (VGT) at 5.62%. This indicates that PRME's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.