VPCCX vs. ^TNX

Last updated Apr 3, 2026

Compare and contrast key facts about Vanguard PRIMECAP Core Fund (VPCCX) and Treasury Yield 10 Years (^TNX).

VPCCX is managed by Vanguard. It was launched on Dec 9, 2004.

Performance

VPCCX vs. ^TNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard PRIMECAP Core Fund (VPCCX) and Treasury Yield 10 Years (^TNX). The values are adjusted to include any dividend payments, if applicable.

VPCCX vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VPCCX Vanguard PRIMECAP Core Fund	2.89%	29.96%	12.72%	23.58%	-12.43%	24.30%	12.04%	27.70%	-4.89%	26.27%
^TNX Treasury Yield 10 Years	3.60%	-8.97%	18.29%	-0.34%	156.55%	64.89%	-52.21%	-28.56%	11.68%	-1.68%

Returns By Period

In the year-to-date period, VPCCX achieves a 2.89% return, which is significantly lower than ^TNX's 3.60% return. Over the past 10 years, VPCCX has outperformed ^TNX with an annualized return of 14.64%, while ^TNX has yielded a comparatively lower 9.26% annualized return.

VPCCX

• 1D: 1.68%
• 1M: -2.33%
• YTD: 2.89%
• 6M: 10.32%
• 1Y: 35.05%
• 3Y*: 21.17%
• 5Y*: 12.31%
• 10Y*: 14.64%

^TNX

• 1D: -0.14%
• 1M: 6.34%
• YTD: 3.60%
• 6M: 5.50%
• 1Y: 2.79%
• 3Y*: 7.93%
• 5Y*: 20.77%
• 10Y*: 9.26%

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

Return for Risk

VPCCX vs. ^TNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VPCCX

VPCCX Risk / Return Rank: 86
VPCCX Sharpe Ratio Rank: 85
VPCCX Sortino Ratio Rank: 85
VPCCX Omega Ratio Rank: 83
VPCCX Calmar Ratio Rank: 88
VPCCX Martin Ratio Rank: 92

^TNX

^TNX Risk / Return Rank: 20
^TNX Sharpe Ratio Rank: 20
^TNX Sortino Ratio Rank: 19
^TNX Omega Ratio Rank: 18
^TNX Calmar Ratio Rank: 23
^TNX Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VPCCX vs. ^TNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard PRIMECAP Core Fund (VPCCX) and Treasury Yield 10 Years (^TNX). 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.

	VPCCX	^TNX	Difference
Sharpe ratio Return per unit of total volatility	1.75	0.16	+1.59
Sortino ratio Return per unit of downside risk	2.41	0.36	+2.05
Omega ratio Gain probability vs. loss probability	1.35	1.04	+0.31
Calmar ratio Return relative to maximum drawdown	2.66	0.27	+2.39
Martin ratio Return relative to average drawdown	11.73	0.45	+11.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VPCCX vs. ^TNX - Sharpe Ratio Comparison

The current VPCCX Sharpe Ratio is 1.75, which is higher than the ^TNX Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of VPCCX and ^TNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VPCCX	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	0.16	+1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.63	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.19	+0.60
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	-0.02	+0.66

Correlation

The correlation between VPCCX and ^TNX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

VPCCX vs. ^TNX - Drawdown Comparison

The maximum VPCCX drawdown since its inception was -47.53%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for VPCCX and ^TNX.

Drawdown Indicators

	VPCCX	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-47.53%	-93.78%	+46.25%
Max Drawdown (1Y) Largest decline over 1 year	-10.29%	-13.99%	+3.70%
Max Drawdown (5Y) Largest decline over 5 years	-22.75%	-31.74%	+8.99%
Max Drawdown (10Y) Largest decline over 10 years	-34.60%	-84.57%	+49.97%
Current Drawdown Current decline from peak	-5.72%	-46.24%	+40.52%
Average Drawdown Average peak-to-trough decline	-5.78%	-51.38%	+45.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	8.40%	-5.36%

Volatility

VPCCX vs. ^TNX - Volatility Comparison

Vanguard PRIMECAP Core Fund (VPCCX) has a higher volatility of 7.00% compared to Treasury Yield 10 Years (^TNX) at 5.90%. This indicates that VPCCX's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPCCX	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.00%	5.90%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	12.42%	10.53%	+1.89%
Volatility (1Y) Calculated over the trailing 1-year period	20.78%	17.76%	+3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.38%	32.94%	-15.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.62%	48.17%	-29.55%