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.
Key characteristics
PRME | VGT | |
---|---|---|
YTD Return | -57.45% | 23.98% |
1Y Return | -46.14% | 40.47% |
Sharpe Ratio | -0.53 | 2.01 |
Sortino Ratio | -0.42 | 2.59 |
Omega Ratio | 0.95 | 1.35 |
Calmar Ratio | -0.56 | 2.76 |
Martin Ratio | -1.27 | 9.80 |
Ulcer Index | 37.10% | 4.30% |
Daily Std Dev | 88.02% | 20.89% |
Max Drawdown | -83.85% | -54.63% |
Current Drawdown | -82.15% | -1.80% |
Correlation
The correlation between PRME and VGT is 0.26, 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
In the year-to-date period, PRME achieves a -57.45% return, which is significantly lower than VGT's 23.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 0.63%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
Vanguard Information Technology ETF | 0.63% | 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 -83.85%, 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 22.28% compared to Vanguard Information Technology ETF (VGT) at 5.51%. 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.