VPMAX vs. SPY
Compare and contrast key facts about Vanguard PRIMECAP Fund Admiral Shares (VPMAX) and SPDR S&P 500 ETF (SPY).
VPMAX is managed by Vanguard. It was launched on Nov 12, 2001. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VPMAX or SPY.
Correlation
The correlation between VPMAX and SPY is 0.94, 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
VPMAX vs. SPY - Performance Comparison
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Key characteristics
VPMAX:
0.23
SPY:
0.68
VPMAX:
0.43
SPY:
1.09
VPMAX:
1.06
SPY:
1.16
VPMAX:
0.21
SPY:
0.73
VPMAX:
0.72
SPY:
2.81
VPMAX:
5.82%
SPY:
4.88%
VPMAX:
21.16%
SPY:
20.30%
VPMAX:
-55.03%
SPY:
-55.19%
VPMAX:
-4.99%
SPY:
-2.66%
Returns By Period
In the year-to-date period, VPMAX achieves a 2.39% return, which is significantly higher than SPY's 1.80% return. Over the past 10 years, VPMAX has underperformed SPY with an annualized return of 9.53%, while SPY has yielded a comparatively higher 12.75% annualized return.
VPMAX
2.39%
12.13%
1.44%
4.79%
14.12%
15.22%
9.53%
SPY
1.80%
13.00%
1.78%
13.78%
16.84%
16.59%
12.75%
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VPMAX vs. SPY - Expense Ratio Comparison
VPMAX has a 0.31% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
VPMAX vs. SPY — Risk-Adjusted Performance Rank
VPMAX
SPY
VPMAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard PRIMECAP Fund Admiral Shares (VPMAX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
VPMAX vs. SPY - Dividend Comparison
VPMAX's dividend yield for the trailing twelve months is around 1.02%, less than SPY's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPMAX Vanguard PRIMECAP Fund Admiral Shares | 1.02% | 1.04% | 1.17% | 1.31% | 0.79% | 1.12% | 1.29% | 1.36% | 1.08% | 1.37% | 1.20% | 1.32% |
SPY SPDR S&P 500 ETF | 1.20% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VPMAX vs. SPY - Drawdown Comparison
The maximum VPMAX drawdown since its inception was -55.03%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VPMAX and SPY. For additional features, visit the drawdowns tool.
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Volatility
VPMAX vs. SPY - Volatility Comparison
Vanguard PRIMECAP Fund Admiral Shares (VPMAX) has a higher volatility of 6.29% compared to SPDR S&P 500 ETF (SPY) at 5.51%. This indicates that VPMAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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