VPMAX vs. VHCAX
Compare and contrast key facts about Vanguard PRIMECAP Fund Admiral Shares (VPMAX) and Vanguard Capital Opportunity Fund Admiral Shares (VHCAX).
VPMAX is managed by Vanguard. It was launched on Nov 12, 2001. VHCAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VPMAX or VHCAX.
Performance
VPMAX vs. VHCAX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VPMAX having a 15.26% return and VHCAX slightly higher at 15.55%. Both investments have delivered pretty close results over the past 10 years, with VPMAX having a 12.81% annualized return and VHCAX not far behind at 12.49%.
VPMAX
15.26%
-0.72%
4.46%
21.30%
13.42%
12.81%
VHCAX
15.55%
0.25%
5.72%
22.75%
13.16%
12.49%
Key characteristics
| VPMAX | VHCAX | |
|---|---|---|
| Sharpe Ratio | 1.30 | 1.58 |
| Sortino Ratio | 1.88 | 2.23 |
| Omega Ratio | 1.28 | 1.29 |
| Calmar Ratio | 1.77 | 1.89 |
| Martin Ratio | 5.96 | 7.54 |
| Ulcer Index | 3.67% | 3.10% |
| Daily Std Dev | 16.76% | 14.74% |
| Max Drawdown | -48.32% | -54.27% |
| Current Drawdown | -3.26% | -2.91% |
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VPMAX vs. VHCAX - Expense Ratio Comparison
VPMAX has a 0.31% expense ratio, which is lower than VHCAX's 0.36% expense ratio.
Correlation
The correlation between VPMAX and VHCAX is 0.97, 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. VHCAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard PRIMECAP Fund Admiral Shares (VPMAX) and Vanguard Capital Opportunity Fund Admiral Shares (VHCAX). 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. VHCAX - Dividend Comparison
VPMAX's dividend yield for the trailing twelve months is around 1.02%, more than VHCAX's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPMAX Vanguard PRIMECAP Fund Admiral Shares | 1.02% | 1.17% | 1.31% | 0.79% | 1.12% | 1.29% | 1.36% | 1.08% | 1.37% | 1.20% | 1.32% | 1.03% |
VHCAX Vanguard Capital Opportunity Fund Admiral Shares | 0.66% | 0.76% | 0.88% | 0.45% | 0.52% | 0.81% | 0.94% | 0.67% | 0.77% | 0.67% | 0.67% | 0.24% |
Drawdowns
VPMAX vs. VHCAX - Drawdown Comparison
The maximum VPMAX drawdown since its inception was -48.32%, smaller than the maximum VHCAX drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for VPMAX and VHCAX. For additional features, visit the drawdowns tool.
Volatility
VPMAX vs. VHCAX - Volatility Comparison
The current volatility for Vanguard PRIMECAP Fund Admiral Shares (VPMAX) is 4.25%, while Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) has a volatility of 4.68%. This indicates that VPMAX experiences smaller price fluctuations and is considered to be less risky than VHCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.