VPMAX vs. VOO
Compare and contrast key facts about Vanguard PRIMECAP Fund Admiral Shares (VPMAX) and Vanguard S&P 500 ETF (VOO).
VPMAX is managed by Vanguard. It was launched on Nov 12, 2001. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
VPMAX vs. VOO - Performance Comparison
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VPMAX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VPMAX Vanguard PRIMECAP Fund Admiral Shares | -5.86% | 54.11% | 13.30% | 28.25% | -15.16% | 21.72% | 17.23% | 27.88% | -1.93% | 28.28% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, VPMAX achieves a -5.86% return, which is significantly lower than VOO's -4.42% return. Over the past 10 years, VPMAX has outperformed VOO with an annualized return of 16.53%, while VOO has yielded a comparatively lower 14.05% annualized return.
VPMAX
- 1D
- -1.19%
- 1M
- -10.43%
- YTD
- -5.86%
- 6M
- 22.85%
- 1Y
- 46.58%
- 3Y*
- 25.38%
- 5Y*
- 14.62%
- 10Y*
- 16.53%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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VPMAX vs. VOO - Expense Ratio Comparison
VPMAX has a 0.31% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
VPMAX vs. VOO — Risk / Return Rank
VPMAX
VOO
VPMAX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard PRIMECAP Fund Admiral Shares (VPMAX) and Vanguard S&P 500 ETF (VOO). 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.
| VPMAX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 0.98 | +0.65 |
Sortino ratioReturn per unit of downside risk | 3.07 | 1.50 | +1.58 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.23 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 3.21 | 1.53 | +1.68 |
Martin ratioReturn relative to average drawdown | 14.01 | 7.29 | +6.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VPMAX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 0.98 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.70 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.78 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.83 | -0.22 |
Correlation
The correlation between VPMAX and VOO 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.
Dividends
VPMAX vs. VOO - Dividend Comparison
VPMAX's dividend yield for the trailing twelve months is around 33.83%, more than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPMAX Vanguard PRIMECAP Fund Admiral Shares | 33.83% | 31.85% | 6.71% | 7.24% | 9.94% | 10.18% | 9.82% | 7.23% | 8.43% | 4.52% | 5.13% | 5.99% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
VPMAX vs. VOO - Drawdown Comparison
The maximum VPMAX drawdown since its inception was -48.32%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VPMAX and VOO.
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Drawdown Indicators
| VPMAX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.32% | -33.99% | -14.33% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -11.98% | -1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -25.21% | -24.52% | -0.69% |
Max Drawdown (10Y)Largest decline over 10 years | -32.65% | -33.99% | +1.34% |
Current DrawdownCurrent decline from peak | -11.72% | -6.29% | -5.43% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -3.72% | -2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.52% | +0.63% |
Volatility
VPMAX vs. VOO - Volatility Comparison
Vanguard PRIMECAP Fund Admiral Shares (VPMAX) has a higher volatility of 5.57% compared to Vanguard S&P 500 ETF (VOO) at 5.29%. This indicates that VPMAX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPMAX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 5.29% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 21.87% | 9.44% | +12.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.87% | 18.10% | +10.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.12% | 16.82% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 17.99% | +2.10% |