VPCCX vs. VOO

Last updated Aug 5, 2026

VPCCX (Vanguard PRIMECAP Core Fund) and VOO (Vanguard S&P 500 ETF) are both funds - VPCCX is a Large Cap Blend Equities fund actively managed by Vanguard, while VOO is a S&P 500 fund tracking the S&P 500 Index. VPCCX is actively managed, while VOO is passively managed. Over the past 10 years, VPCCX returned 16.13%/yr vs 15.37%/yr for VOO. Their correlation of 0.93 means they have usually moved in the same direction. VPCCX charges 0.37%/yr vs 0.03%/yr for VOO.

Performance

VPCCX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard PRIMECAP Core Fund (VPCCX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VPCCX achieves a 25.49% return, which is significantly higher than VOO's 13.74% return. Both investments have delivered pretty close results over the past 10 years, with VPCCX having a 16.13% annualized return and VOO not far behind at 15.37%.

VPCCX

• 1D: 0.87%
• 1M: -3.17%
• 6M: 16.76%
• YTD: 25.49%
• 1Y: 49.13%
• 3Y*: 25.81%
• 5Y*: 15.54%
• 10Y*: 16.13%
• ALL TIME*: 12.69%

VOO

• 1D: 1.81%
• 1M: 3.52%
• 6M: 12.48%
• YTD: 13.74%
• 1Y: 23.65%
• 3Y*: 21.57%
• 5Y*: 13.38%
• 10Y*: 15.37%
• ALL TIME*: 15.00%

*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)
VOO Vanguard S&P 500 ETF	$4.15B	$3.84B	$5.49B
VPCCX Vanguard PRIMECAP Core Fund	$0.00	$0.00	$0.00

VPCCX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VPCCX Vanguard PRIMECAP Core Fund	25.49%	29.96%	12.72%	23.58%	-12.43%	24.30%	12.04%	27.70%	-4.89%	26.27%
VOO Vanguard S&P 500 ETF	13.74%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between VPCCX and VOO is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.93

The correlation between VPCCX and VOO has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.

VPCCX vs. VOO - Sectors Allocation Comparison

Sectors	VPCCX	VOO
Technology	39.9%	38.6%
Healthcare	17.9%	8.9%
Industrials	14.3%	8.5%
Financial Services	9.1%	11.4%
Consumer Cyclical	5.5%	9.5%
Communication Services	4.7%	9.9%
Energy	2.3%	3.0%
Consumer Defensive	1.7%	4.5%
Basic Materials	1.4%	1.7%
Utilities	0.1%	2.2%
Real Estate	-	1.8%

Return for Risk

VPCCX vs. VOO — Risk / Return Rank

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

VPCCX

VPCCX Risk / Return Rank: 94
VPCCX Sharpe Ratio Rank: 96
VPCCX Sortino Ratio Rank: 94
VPCCX Omega Ratio Rank: 90
VPCCX Calmar Ratio Rank: 96
VPCCX Martin Ratio Rank: 96

VOO

VOO Risk / Return Rank: 72
VOO Sharpe Ratio Rank: 72
VOO Sortino Ratio Rank: 71
VOO Omega Ratio Rank: 71
VOO Calmar Ratio Rank: 69
VOO Martin Ratio Rank: 79

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.

VPCCX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard PRIMECAP Core Fund (VPCCX) and Vanguard S&P 500 ETF (VOO). 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.

	VPCCX	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.71	1.86	+0.85
Sortino ratio: Return per unit of downside risk	3.65	2.56	+1.09
Omega ratio: Gain probability vs. loss probability	1.47	1.33	+0.14
Calmar ratio: Return relative to maximum drawdown	4.91	2.67	+2.24
Martin ratio: Return relative to average drawdown	17.12	11.40	+5.71

VPCCX vs. VOO - Sharpe Ratio Comparison

The current VPCCX Sharpe Ratio is 2.71, which is higher than the VOO Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of VPCCX and VOO, 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

VPCCX vs. VOO - Drawdown Comparison

The maximum VPCCX drawdown since its inception was -47.53%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VPCCX and VOO.

Drawdown Indicators

	VPCCX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-47.53%	-33.99%	-13.54%
Max Drawdown (1Y) Largest decline over 1 year	-10.50%	-8.90%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	-19.92%	-18.69%	-1.23%
Max Drawdown (5Y) Largest decline over 5 years	-22.75%	-24.52%	+1.77%
Max Drawdown (10Y) Largest decline over 10 years	-34.60%	-33.99%	-0.61%
Current Drawdown Current decline from peak	-7.06%	0.00%	-7.06%
Average Drawdown Average peak-to-trough decline	-5.73%	-3.67%	-2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	2.08%	+0.92%

Volatility

VPCCX vs. VOO - Volatility Comparison

Vanguard PRIMECAP Core Fund (VPCCX) has a higher volatility of 6.03% compared to Vanguard S&P 500 ETF (VOO) at 4.11%. This indicates that VPCCX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPCCX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.03%	4.11%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	16.15%	10.31%	+5.84%
Volatility (1Y) Calculated over the trailing 1-year period	19.08%	12.89%	+6.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.15%	16.96%	+1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.94%	18.03%	+0.91%

VPCCX vs. VOO - Expense Ratio Comparison

VPCCX has a 0.37% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

VPCCX vs. VOO - Dividend Comparison

VPCCX's dividend yield for the trailing twelve months is around 13.75%, more than VOO's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VOO Vanguard S&P 500 ETF	1.04%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%
VPCCX Vanguard PRIMECAP Core Fund	13.75%	17.25%	7.17%	5.73%	8.40%	6.89%	7.89%	6.99%	9.45%	4.10%	5.52%	4.96%

Frequently Asked Questions

Can I hold both VPCCX and VOO in my portfolio?

VPCCX and VOO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VPCCX or VOO?

VPCCX has higher volatility (6.03%) compared to VOO (4.11%). In terms of maximum drawdown, VPCCX dropped -47.53% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VPCCX currently has the higher Sharpe Ratio (2.71 vs 1.86), 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.