PRNHX vs. VIGAX
Compare and contrast key facts about T. Rowe Price New Horizons Fund (PRNHX) and Vanguard Growth Index Fund Admiral Shares (VIGAX).
PRNHX is managed by T. Rowe Price. It was launched on Jun 3, 1960. VIGAX 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: PRNHX or VIGAX.
Performance
PRNHX vs. VIGAX - Performance Comparison
Returns By Period
In the year-to-date period, PRNHX achieves a 12.56% return, which is significantly lower than VIGAX's 30.41% return. Over the past 10 years, PRNHX has underperformed VIGAX with an annualized return of 12.34%, while VIGAX has yielded a comparatively higher 15.49% annualized return.
PRNHX
12.56%
9.77%
14.53%
25.71%
8.85%
12.34%
VIGAX
30.41%
2.57%
15.02%
35.85%
19.09%
15.49%
Key characteristics
| PRNHX | VIGAX | |
|---|---|---|
| Sharpe Ratio | 1.50 | 2.16 |
| Sortino Ratio | 2.11 | 2.82 |
| Omega Ratio | 1.26 | 1.40 |
| Calmar Ratio | 0.66 | 2.82 |
| Martin Ratio | 4.85 | 11.07 |
| Ulcer Index | 5.30% | 3.30% |
| Daily Std Dev | 17.12% | 16.88% |
| Max Drawdown | -55.79% | -50.66% |
| Current Drawdown | -22.82% | -1.20% |
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PRNHX vs. VIGAX - Expense Ratio Comparison
PRNHX has a 0.75% expense ratio, which is higher than VIGAX's 0.05% expense ratio.
Correlation
The correlation between PRNHX and VIGAX is 0.88, 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
PRNHX vs. VIGAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Horizons Fund (PRNHX) and Vanguard Growth Index Fund Admiral Shares (VIGAX). 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
PRNHX vs. VIGAX - Dividend Comparison
PRNHX has not paid dividends to shareholders, while VIGAX's dividend yield for the trailing twelve months is around 0.48%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRNHX T. Rowe Price New Horizons Fund | 0.00% | 0.00% | 4.72% | 17.09% | 13.58% | 11.73% | 13.94% | 8.27% | 5.77% | 7.72% | 11.65% | 6.61% |
VIGAX Vanguard Growth Index Fund Admiral Shares | 0.48% | 0.57% | 0.69% | 0.47% | 0.66% | 0.94% | 1.31% | 1.14% | 1.39% | 1.31% | 1.21% | 1.19% |
Drawdowns
PRNHX vs. VIGAX - Drawdown Comparison
The maximum PRNHX drawdown since its inception was -55.79%, which is greater than VIGAX's maximum drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for PRNHX and VIGAX. For additional features, visit the drawdowns tool.
Volatility
PRNHX vs. VIGAX - Volatility Comparison
T. Rowe Price New Horizons Fund (PRNHX) has a higher volatility of 6.43% compared to Vanguard Growth Index Fund Admiral Shares (VIGAX) at 5.21%. This indicates that PRNHX's price experiences larger fluctuations and is considered to be riskier than VIGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.