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.
Performance
VPMAX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VPMAX achieves a 15.62% return, which is significantly lower than SPY's 26.47% return. Both investments have delivered pretty close results over the past 10 years, with VPMAX having a 12.86% annualized return and SPY not far ahead at 13.14%.
VPMAX
15.62%
0.43%
4.17%
21.68%
13.48%
12.86%
SPY
26.47%
3.03%
13.19%
32.65%
15.68%
13.14%
Key characteristics
| VPMAX | SPY | |
|---|---|---|
| Sharpe Ratio | 1.29 | 2.69 |
| Sortino Ratio | 1.87 | 3.59 |
| Omega Ratio | 1.27 | 1.50 |
| Calmar Ratio | 1.76 | 3.88 |
| Martin Ratio | 5.90 | 17.47 |
| Ulcer Index | 3.67% | 1.87% |
| Daily Std Dev | 16.76% | 12.14% |
| Max Drawdown | -48.32% | -55.19% |
| Current Drawdown | -2.96% | -0.54% |
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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.
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.
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's dividend yield for the trailing twelve months is around 1.01%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPMAX Vanguard PRIMECAP Fund Admiral Shares | 1.01% | 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 | 1.18% | 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 4.25% compared to SPDR S&P 500 ETF (SPY) at 3.98%. 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.