VPMAX vs. VTI
Compare and contrast key facts about Vanguard PRIMECAP Fund Admiral Shares (VPMAX) and Vanguard Total Stock Market ETF (VTI).
VPMAX is managed by Vanguard. It was launched on Nov 12, 2001. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on May 24, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VPMAX or VTI.
Performance
VPMAX vs. VTI - Performance Comparison
Returns By Period
In the year-to-date period, VPMAX achieves a 15.26% return, which is significantly lower than VTI's 25.64% return. Both investments have delivered pretty close results over the past 10 years, with VPMAX having a 12.81% annualized return and VTI not far behind at 12.67%.
VPMAX
15.26%
-0.72%
4.46%
21.30%
13.42%
12.81%
VTI
25.64%
2.57%
14.24%
32.95%
15.11%
12.67%
Key characteristics
| VPMAX | VTI | |
|---|---|---|
| Sharpe Ratio | 1.30 | 2.68 |
| Sortino Ratio | 1.88 | 3.57 |
| Omega Ratio | 1.28 | 1.49 |
| Calmar Ratio | 1.77 | 3.91 |
| Martin Ratio | 5.96 | 17.13 |
| Ulcer Index | 3.67% | 1.96% |
| Daily Std Dev | 16.76% | 12.51% |
| Max Drawdown | -48.32% | -55.45% |
| Current Drawdown | -3.26% | -0.84% |
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VPMAX vs. VTI - Expense Ratio Comparison
VPMAX has a 0.31% expense ratio, which is higher than VTI's 0.03% expense ratio.
Correlation
The correlation between VPMAX and VTI is 0.94, 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. VTI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard PRIMECAP Fund Admiral Shares (VPMAX) and Vanguard Total Stock Market ETF (VTI). 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. VTI - Dividend Comparison
VPMAX's dividend yield for the trailing twelve months is around 1.02%, less than VTI's 1.27% 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% |
VTI Vanguard Total Stock Market ETF | 1.27% | 1.44% | 1.67% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
Drawdowns
VPMAX vs. VTI - Drawdown Comparison
The maximum VPMAX drawdown since its inception was -48.32%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for VPMAX and VTI. For additional features, visit the drawdowns tool.
Volatility
VPMAX vs. VTI - Volatility Comparison
Vanguard PRIMECAP Fund Admiral Shares (VPMAX) and Vanguard Total Stock Market ETF (VTI) have volatilities of 4.25% and 4.19%, 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.