VHCOX vs. VPMAX
Compare and contrast key facts about Vanguard Capital Opportunity Fund Investor Shares (VHCOX) and Vanguard PRIMECAP Fund Admiral Shares (VPMAX).
VHCOX is managed by Vanguard. It was launched on Aug 14, 1995. 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: VHCOX or VPMAX.
Key characteristics
| VHCOX | VPMAX | |
|---|---|---|
| YTD Return | 18.94% | 18.79% |
| 1Y Return | 28.07% | 29.29% |
| 3Y Return (Ann) | -0.52% | 8.57% |
| 5Y Return (Ann) | 6.62% | 14.26% |
| 10Y Return (Ann) | 6.24% | 13.31% |
| Sharpe Ratio | 2.10 | 1.86 |
| Sortino Ratio | 2.85 | 2.59 |
| Omega Ratio | 1.38 | 1.39 |
| Calmar Ratio | 1.26 | 2.53 |
| Martin Ratio | 9.89 | 8.64 |
| Ulcer Index | 3.02% | 3.62% |
| Daily Std Dev | 14.21% | 16.75% |
| Max Drawdown | -61.19% | -48.32% |
| Current Drawdown | -2.31% | -0.30% |
Correlation
The correlation between VHCOX 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
VHCOX vs. VPMAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with VHCOX having a 18.94% return and VPMAX slightly lower at 18.79%. Over the past 10 years, VHCOX has underperformed VPMAX with an annualized return of 6.24%, while VPMAX has yielded a comparatively higher 13.31% annualized return. 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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VHCOX vs. VPMAX - Expense Ratio Comparison
VHCOX has a 0.43% expense ratio, which is higher than VPMAX's 0.31% expense ratio.
Risk-Adjusted Performance
VHCOX vs. VPMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Capital Opportunity Fund Investor Shares (VHCOX) 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
VHCOX vs. VPMAX - Dividend Comparison
VHCOX's dividend yield for the trailing twelve months is around 0.59%, less than VPMAX's 0.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHCOX Vanguard Capital Opportunity Fund Investor Shares | 0.59% | 0.70% | 0.80% | 0.35% | 0.43% | 0.73% | 0.83% | 0.68% | 0.69% | 0.58% | 0.58% | 0.16% |
VPMAX Vanguard PRIMECAP Fund Admiral Shares | 0.99% | 1.17% | 1.31% | 0.79% | 1.12% | 1.29% | 1.36% | 1.08% | 1.37% | 1.20% | 1.32% | 1.03% |
Drawdowns
VHCOX vs. VPMAX - Drawdown Comparison
The maximum VHCOX drawdown since its inception was -61.19%, which is greater than VPMAX's maximum drawdown of -48.32%. Use the drawdown chart below to compare losses from any high point for VHCOX and VPMAX. For additional features, visit the drawdowns tool.
Volatility
VHCOX vs. VPMAX - Volatility Comparison
Vanguard Capital Opportunity Fund Investor Shares (VHCOX) has a higher volatility of 4.33% compared to Vanguard PRIMECAP Fund Admiral Shares (VPMAX) at 4.11%. This indicates that VHCOX'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.