VHCOX vs. POGRX

Last updated Aug 4, 2026

VHCOX (Vanguard Capital Opportunity Fund Investor Shares) and POGRX (PRIMECAP Odyssey Growth Fund) are both mutual funds - VHCOX is a Mid Cap Growth Equities fund actively managed by Vanguard, while POGRX is a Large Cap Blend Equities fund actively managed by PRIMECAP Odyssey Funds. Both are actively managed. Over the past 10 years, VHCOX returned 16.08%/yr vs 16.51%/yr for POGRX. Their 0.97 correlation means they have historically moved very closely together. VHCOX charges 0.40%/yr vs 0.66%/yr for POGRX.

Performance

VHCOX vs. POGRX - Performance Comparison

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

Returns By Period

In the year-to-date period, VHCOX achieves a 20.16% return, which is significantly lower than POGRX's 22.34% return. Both investments have delivered pretty close results over the past 10 years, with VHCOX having a 16.08% annualized return and POGRX not far ahead at 16.51%.

VHCOX

• 1D: -0.01%
• 1M: -3.89%
• 6M: 13.24%
• YTD: 20.16%
• 1Y: 43.28%
• 3Y*: 22.48%
• 5Y*: 12.69%
• 10Y*: 16.08%
• ALL TIME*: 13.24%

POGRX

• 1D: -0.42%
• 1M: -4.43%
• 6M: 14.83%
• YTD: 22.34%
• 1Y: 51.58%
• 3Y*: 25.42%
• 5Y*: 14.87%
• 10Y*: 16.51%
• ALL TIME*: 12.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
POGRX PRIMECAP Odyssey Growth Fund	$0.00	$0.00	$0.00
VHCOX Vanguard Capital Opportunity Fund Investor Shares	$0.00	$0.00	$0.00

VHCOX vs. POGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VHCOX Vanguard Capital Opportunity Fund Investor Shares	20.16%	25.74%	14.00%	25.55%	-17.61%	20.85%	22.73%	27.20%	-3.76%	28.28%
POGRX PRIMECAP Odyssey Growth Fund	22.34%	32.99%	13.09%	23.85%	-14.61%	18.81%	17.05%	23.98%	-4.56%	32.07%

Correlation

The correlation between VHCOX and POGRX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.98
Correlation (10Y) Provides a long-term view across more market conditions.	0.97
Correlation (All Time) Calculated using the full available price history since Nov 3, 2004	0.97

The correlation between VHCOX and POGRX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

VHCOX vs. POGRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VHCOX

VHCOX Risk / Return Rank: 84
VHCOX Sharpe Ratio Rank: 84
VHCOX Sortino Ratio Rank: 81
VHCOX Omega Ratio Rank: 78
VHCOX Calmar Ratio Rank: 89
VHCOX Martin Ratio Rank: 89

POGRX

POGRX Risk / Return Rank: 88
POGRX Sharpe Ratio Rank: 91
POGRX Sortino Ratio Rank: 87
POGRX Omega Ratio Rank: 83
POGRX Calmar Ratio Rank: 90
POGRX Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VHCOX vs. POGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Capital Opportunity Fund Investor Shares (VHCOX) and PRIMECAP Odyssey Growth Fund (POGRX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VHCOX	POGRX	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.35	-0.28
Sortino ratio: Return per unit of downside risk	2.87	3.19	-0.32
Omega ratio: Gain probability vs. loss probability	1.37	1.41	-0.04
Calmar ratio: Return relative to maximum drawdown	3.35	3.47	-0.12
Martin ratio: Return relative to average drawdown	12.16	12.54	-0.38

VHCOX vs. POGRX - Sharpe Ratio Comparison

The current VHCOX Sharpe Ratio is 2.08, which is comparable to the POGRX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of VHCOX and POGRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VHCOX vs. POGRX - Drawdown Comparison

The maximum VHCOX drawdown since its inception was -54.76%, which is greater than POGRX's maximum drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for VHCOX and POGRX.

Drawdown Indicators

	VHCOX	POGRX	Difference
Max Drawdown Largest peak-to-trough decline	-54.76%	-51.63%	-3.13%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	-14.40%	+1.97%
Max Drawdown (3Y) Largest decline over 3 years	-23.87%	-22.13%	-1.74%
Max Drawdown (5Y) Largest decline over 5 years	-27.59%	-26.85%	-0.74%
Max Drawdown (10Y) Largest decline over 10 years	-33.78%	-35.29%	+1.51%
Current Drawdown Current decline from peak	-7.93%	-8.61%	+0.68%
Average Drawdown Average peak-to-trough decline	-9.97%	-7.11%	-2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	3.98%	-0.56%

Volatility

VHCOX vs. POGRX - Volatility Comparison

The current volatility for Vanguard Capital Opportunity Fund Investor Shares (VHCOX) is 6.42%, while PRIMECAP Odyssey Growth Fund (POGRX) has a volatility of 7.17%. This indicates that VHCOX experiences smaller price fluctuations and is considered to be less risky than POGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHCOX	POGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.42%	7.17%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	17.10%	18.17%	-1.07%
Volatility (1Y) Calculated over the trailing 1-year period	20.12%	21.30%	-1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.40%	20.20%	+0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.51%	20.66%	-0.15%

VHCOX vs. POGRX - Expense Ratio Comparison

VHCOX has a 0.40% expense ratio, which is lower than POGRX's 0.66% expense ratio.

Dividends

VHCOX vs. POGRX - Dividend Comparison

VHCOX's dividend yield for the trailing twelve months is around 8.00%, less than POGRX's 20.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
POGRX PRIMECAP Odyssey Growth Fund	20.35%	24.89%	20.79%	13.28%	12.36%	13.68%	12.50%	5.13%	2.45%	1.54%	5.83%	1.29%
VHCOX Vanguard Capital Opportunity Fund Investor Shares	8.00%	9.62%	8.16%	2.33%	9.26%	10.44%	9.10%	6.41%	12.11%	3.87%	5.66%	5.30%

Frequently Asked Questions

Can I hold both VHCOX and POGRX in my portfolio?

With a correlation of 0.97, VHCOX and POGRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VHCOX or POGRX?

POGRX has higher volatility (7.17%) compared to VHCOX (6.42%). In terms of maximum drawdown, VHCOX dropped -54.76% vs POGRX's -51.63%.

Which has better risk-adjusted returns?

POGRX currently has the higher Sharpe Ratio (2.35 vs 2.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.