VHCAX vs. SPY
Compare and contrast key facts about Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) and SPDR S&P 500 ETF (SPY).
VHCAX is managed by Vanguard. It was launched on Nov 12, 2001. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VHCAX or SPY.
Correlation
The correlation between VHCAX and SPY is 0.90, 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.
Performance
VHCAX vs. SPY - Performance Comparison
Key characteristics
VHCAX:
0.12
SPY:
0.68
VHCAX:
0.27
SPY:
0.98
VHCAX:
1.03
SPY:
1.13
VHCAX:
0.12
SPY:
0.95
VHCAX:
0.50
SPY:
3.13
VHCAX:
3.86%
SPY:
3.03%
VHCAX:
15.86%
SPY:
13.89%
VHCAX:
-61.09%
SPY:
-55.19%
VHCAX:
-8.73%
SPY:
-7.62%
Returns By Period
In the year-to-date period, VHCAX achieves a -2.64% return, which is significantly higher than SPY's -3.39% return. Over the past 10 years, VHCAX has underperformed SPY with an annualized return of 5.33%, while SPY has yielded a comparatively higher 12.54% annualized return.
VHCAX
-2.64%
-4.29%
-2.62%
2.98%
11.53%
5.33%
SPY
-3.39%
-3.01%
-0.13%
10.19%
19.68%
12.54%
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VHCAX vs. SPY - Expense Ratio Comparison
VHCAX has a 0.36% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
VHCAX vs. SPY — Risk-Adjusted Performance Rank
VHCAX
SPY
VHCAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) and SPDR S&P 500 ETF (SPY). 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
VHCAX vs. SPY - Dividend Comparison
VHCAX's dividend yield for the trailing twelve months is around 0.79%, less than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHCAX Vanguard Capital Opportunity Fund Admiral Shares | 0.79% | 0.77% | 0.76% | 0.88% | 0.45% | 0.52% | 0.81% | 0.94% | 0.67% | 0.77% | 0.67% | 0.67% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VHCAX vs. SPY - Drawdown Comparison
The maximum VHCAX drawdown since its inception was -61.09%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VHCAX and SPY. For additional features, visit the drawdowns tool.
Volatility
VHCAX vs. SPY - Volatility Comparison
Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) has a higher volatility of 6.66% compared to SPDR S&P 500 ETF (SPY) at 5.76%. This indicates that VHCAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.