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:
1.20
SPY:
1.75
VPMAX:
1.68
SPY:
2.36
VPMAX:
1.22
SPY:
1.32
VPMAX:
1.38
SPY:
2.66
VPMAX:
5.15
SPY:
11.01
VPMAX:
3.30%
SPY:
2.03%
VPMAX:
14.16%
SPY:
12.77%
VPMAX:
-55.03%
SPY:
-55.19%
VPMAX:
-1.48%
SPY:
-2.12%
Returns By Period
In the year-to-date period, VPMAX achieves a 6.17% return, which is significantly higher than SPY's 2.36% return. Over the past 10 years, VPMAX has underperformed SPY with an annualized return of 10.00%, while SPY has yielded a comparatively higher 12.97% annualized return.
VPMAX
6.17%
0.79%
3.92%
14.65%
13.71%
10.00%
SPY
2.36%
-1.61%
7.41%
19.65%
15.00%
12.97%
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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.
Dividends
VPMAX vs. SPY - Dividend Comparison
VPMAX's dividend yield for the trailing twelve months is around 0.98%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPMAX Vanguard PRIMECAP Fund Admiral Shares | 0.98% | 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 | 1.18% | 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) and SPDR S&P 500 ETF (SPY) have volatilities of 3.41% and 3.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.