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VHCAX vs. VPMAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.01.0

Performance

VHCAX vs. VPMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) and Vanguard PRIMECAP Fund Admiral Shares (VPMAX). The values are adjusted to include any dividend payments, if applicable.

950.00%1,000.00%1,050.00%1,100.00%1,150.00%JulyAugustSeptemberOctoberNovemberDecember
1,035.66%
983.38%
VHCAX
VPMAX

Key characteristics

Sharpe Ratio

VHCAX:

0.49

VPMAX:

0.58

Sortino Ratio

VHCAX:

0.70

VPMAX:

0.81

Omega Ratio

VHCAX:

1.12

VPMAX:

1.13

Calmar Ratio

VHCAX:

0.70

VPMAX:

0.77

Martin Ratio

VHCAX:

2.61

VPMAX:

2.86

Ulcer Index

VHCAX:

3.33%

VPMAX:

3.33%

Daily Std Dev

VHCAX:

17.53%

VPMAX:

16.34%

Max Drawdown

VHCAX:

-54.27%

VPMAX:

-48.32%

Current Drawdown

VHCAX:

-11.04%

VPMAX:

-10.40%

Returns By Period

In the year-to-date period, VHCAX achieves a 6.08% return, which is significantly lower than VPMAX's 6.76% return. Both investments have delivered pretty close results over the past 10 years, with VHCAX having a 11.34% annualized return and VPMAX not far ahead at 11.77%.


VHCAX

YTD

6.08%

1M

-8.19%

6M

-5.35%

1Y

6.70%

5Y*

10.13%

10Y*

11.34%

VPMAX

YTD

6.76%

1M

-7.37%

6M

-6.56%

1Y

7.54%

5Y*

10.59%

10Y*

11.77%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VHCAX vs. VPMAX - Expense Ratio Comparison

VHCAX has a 0.36% expense ratio, which is higher than VPMAX's 0.31% expense ratio.


VHCAX
Vanguard Capital Opportunity Fund Admiral Shares
Expense ratio chart for VHCAX: current value at 0.36% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.36%
Expense ratio chart for VPMAX: current value at 0.31% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.31%

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.


Sharpe ratio
The chart of Sharpe ratio for VHCAX, currently valued at 0.49, compared to the broader market-1.000.001.002.003.004.000.490.58
The chart of Sortino ratio for VHCAX, currently valued at 0.70, compared to the broader market-2.000.002.004.006.008.0010.000.700.81
The chart of Omega ratio for VHCAX, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.003.501.121.13
The chart of Calmar ratio for VHCAX, currently valued at 0.70, compared to the broader market0.002.004.006.008.0010.0012.0014.000.700.77
The chart of Martin ratio for VHCAX, currently valued at 2.61, compared to the broader market0.0020.0040.0060.002.612.86
VHCAX
VPMAX

The current VHCAX Sharpe Ratio is 0.49, which is comparable to the VPMAX Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of VHCAX and VPMAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.49
0.58
VHCAX
VPMAX

Dividends

VHCAX vs. VPMAX - Dividend Comparison

Neither VHCAX nor VPMAX has paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
VHCAX
Vanguard Capital Opportunity Fund Admiral Shares
0.00%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
0.00%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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-11.04%
-10.40%
VHCAX
VPMAX

Volatility

VHCAX vs. VPMAX - Volatility Comparison

Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) has a higher volatility of 11.33% compared to Vanguard PRIMECAP Fund Admiral Shares (VPMAX) at 9.91%. 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.


2.00%4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
11.33%
9.91%
VHCAX
VPMAX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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