VHCAX vs. VPMAX
Compare and contrast key facts about Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) and Vanguard PRIMECAP Fund Admiral Shares (VPMAX).
VHCAX is managed by Vanguard. It was launched on Nov 12, 2001. VPMAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VHCAX or VPMAX.
Key characteristics
| VHCAX | VPMAX | |
|---|---|---|
| YTD Return | 17.20% | 17.10% |
| 1Y Return | 25.23% | 24.66% |
| 3Y Return (Ann) | 5.74% | 8.02% |
| 5Y Return (Ann) | 13.45% | 13.74% |
| 10Y Return (Ann) | 12.80% | 13.13% |
| Sharpe Ratio | 1.90 | 1.62 |
| Sortino Ratio | 2.67 | 2.30 |
| Omega Ratio | 1.35 | 1.34 |
| Calmar Ratio | 2.27 | 2.21 |
| Martin Ratio | 9.23 | 7.51 |
| Ulcer Index | 3.04% | 3.62% |
| Daily Std Dev | 14.74% | 16.77% |
| Max Drawdown | -54.27% | -48.32% |
| Current Drawdown | -1.52% | -1.72% |
Correlation
The correlation between VHCAX and VPMAX is 0.97, 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. VPMAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with VHCAX having a 17.20% return and VPMAX slightly lower at 17.10%. Both investments have delivered pretty close results over the past 10 years, with VHCAX having a 12.80% annualized return and VPMAX not far ahead at 13.13%. 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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VHCAX vs. VPMAX - Expense Ratio Comparison
VHCAX has a 0.36% expense ratio, which is higher than VPMAX's 0.31% expense ratio.
Risk-Adjusted Performance
VHCAX vs. VPMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) and Vanguard PRIMECAP Fund Admiral Shares (VPMAX). 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. VPMAX - Dividend Comparison
VHCAX's dividend yield for the trailing twelve months is around 0.65%, less than VPMAX's 1.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHCAX Vanguard Capital Opportunity Fund Admiral Shares | 0.65% | 0.76% | 0.88% | 0.45% | 0.52% | 0.81% | 0.94% | 0.67% | 0.77% | 0.67% | 0.67% | 0.24% |
VPMAX Vanguard PRIMECAP Fund Admiral Shares | 1.00% | 1.17% | 1.31% | 0.79% | 1.12% | 1.29% | 1.36% | 1.08% | 1.37% | 1.20% | 1.32% | 1.03% |
Drawdowns
VHCAX vs. VPMAX - Drawdown Comparison
The maximum VHCAX drawdown since its inception was -54.27%, which is greater than VPMAX's maximum drawdown of -48.32%. Use the drawdown chart below to compare losses from any high point for VHCAX and VPMAX. For additional features, visit the drawdowns tool.
Volatility
VHCAX vs. VPMAX - Volatility Comparison
Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) has a higher volatility of 4.18% compared to Vanguard PRIMECAP Fund Admiral Shares (VPMAX) at 3.93%. This indicates that VHCAX's price experiences larger fluctuations and is considered to be riskier than VPMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.