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:
0.56
SPY:
2.21
VPMAX:
0.77
SPY:
2.93
VPMAX:
1.13
SPY:
1.41
VPMAX:
0.74
SPY:
3.26
VPMAX:
2.68
SPY:
14.40
VPMAX:
3.38%
SPY:
1.90%
VPMAX:
16.34%
SPY:
12.44%
VPMAX:
-48.32%
SPY:
-55.19%
VPMAX:
-9.40%
SPY:
-1.83%
Returns By Period
In the year-to-date period, VPMAX achieves a 7.95% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, VPMAX has underperformed SPY with an annualized return of 11.86%, while SPY has yielded a comparatively higher 13.04% annualized return.
VPMAX
7.95%
-6.63%
-5.53%
8.74%
10.84%
11.86%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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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 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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPMAX Vanguard PRIMECAP Fund Admiral Shares | 0.00% | 1.17% | 1.31% | 0.79% | 1.12% | 1.29% | 1.36% | 1.08% | 1.37% | 1.20% | 1.32% | 1.03% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VPMAX vs. SPY - Drawdown Comparison
The maximum VPMAX drawdown since its inception was -48.32%, smaller than 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 9.98% compared to SPDR S&P 500 ETF (SPY) at 3.83%. 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.