VHCAX vs. VOO
Compare and contrast key facts about Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) and Vanguard S&P 500 ETF (VOO).
VHCAX is managed by Vanguard. It was launched on Nov 12, 2001. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
VHCAX vs. VOO - Performance Comparison
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VHCAX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VHCAX Vanguard Capital Opportunity Fund Admiral Shares | -3.13% | 25.83% | 14.07% | 25.63% | -17.56% | 20.92% | 22.83% | 27.30% | -3.71% | 28.37% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, VHCAX achieves a -3.13% return, which is significantly higher than VOO's -3.66% return. Both investments have delivered pretty close results over the past 10 years, with VHCAX having a 14.38% annualized return and VOO not far behind at 14.14%.
VHCAX
- 1D
- 3.58%
- 1M
- -6.90%
- YTD
- -3.13%
- 6M
- 2.87%
- 1Y
- 26.44%
- 3Y*
- 17.75%
- 5Y*
- 9.60%
- 10Y*
- 14.38%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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VHCAX vs. VOO - Expense Ratio Comparison
VHCAX has a 0.36% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
VHCAX vs. VOO — Risk / Return Rank
VHCAX
VOO
VHCAX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) and Vanguard S&P 500 ETF (VOO). 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.
| VHCAX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.01 | +0.21 |
Sortino ratioReturn per unit of downside risk | 1.76 | 1.53 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.55 | +0.32 |
Martin ratioReturn relative to average drawdown | 7.78 | 7.31 | +0.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VHCAX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.01 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.71 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.79 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.83 | -0.29 |
Correlation
The correlation between VHCAX and VOO is 0.91, 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.
Dividends
VHCAX vs. VOO - Dividend Comparison
VHCAX's dividend yield for the trailing twelve months is around 10.03%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHCAX Vanguard Capital Opportunity Fund Admiral Shares | 10.03% | 9.71% | 8.24% | 2.40% | 9.35% | 10.55% | 9.19% | 6.48% | 12.23% | 3.87% | 5.74% | 5.39% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
VHCAX vs. VOO - Drawdown Comparison
The maximum VHCAX drawdown since its inception was -54.27%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VHCAX and VOO.
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Drawdown Indicators
| VHCAX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.27% | -33.99% | -20.28% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -11.98% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -27.55% | -24.52% | -3.03% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -33.99% | +0.21% |
Current DrawdownCurrent decline from peak | -9.28% | -5.55% | -3.73% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -3.72% | -4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 2.55% | +0.80% |
Volatility
VHCAX vs. VOO - Volatility Comparison
Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) has a higher volatility of 7.30% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that VHCAX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHCAX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 5.34% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 9.47% | +3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.60% | 18.11% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.58% | 16.82% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.19% | 17.99% | +2.20% |