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 0.93, 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
Key characteristics
VPMAX:
-0.45
SPY:
-0.09
VPMAX:
-0.48
SPY:
-0.02
VPMAX:
0.93
SPY:
1.00
VPMAX:
-0.43
SPY:
-0.09
VPMAX:
-1.94
SPY:
-0.45
VPMAX:
4.01%
SPY:
3.31%
VPMAX:
17.29%
SPY:
15.87%
VPMAX:
-55.03%
SPY:
-55.19%
VPMAX:
-18.34%
SPY:
-17.32%
Returns By Period
In the year-to-date period, VPMAX achieves a -11.99% return, which is significantly higher than SPY's -13.53% return. Over the past 10 years, VPMAX has underperformed SPY with an annualized return of 8.10%, while SPY has yielded a comparatively higher 11.25% annualized return.
VPMAX
-11.99%
-16.03%
-13.85%
-6.62%
15.29%
8.10%
SPY
-13.53%
-13.08%
-11.25%
-0.26%
17.01%
11.25%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Dividends
VPMAX vs. SPY - Dividend Comparison
VPMAX's dividend yield for the trailing twelve months is around 1.19%, less than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPMAX Vanguard PRIMECAP Fund Admiral Shares | 1.19% | 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 | 1.42% | 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.
Volatility
VPMAX vs. SPY - Volatility Comparison
Vanguard PRIMECAP Fund Admiral Shares (VPMAX) has a higher volatility of 9.87% compared to SPDR S&P 500 ETF (SPY) at 9.29%. 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.