VPMCX vs. IVW
Compare and contrast key facts about Vanguard PRIMECAP Fund Investor Shares (VPMCX) and iShares S&P 500 Growth ETF (IVW).
VPMCX is managed by Vanguard. It was launched on Nov 1, 1984. IVW is a passively managed fund by iShares that tracks the performance of the S&P 500/Citigroup Growth Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VPMCX or IVW.
Key characteristics
| VPMCX | IVW | |
|---|---|---|
| YTD Return | 12.92% | 23.82% |
| 1Y Return | 21.03% | 31.91% |
| 3Y Return (Ann) | 8.52% | 7.20% |
| 5Y Return (Ann) | 14.16% | 16.45% |
| 10Y Return (Ann) | 12.87% | 14.43% |
| Sharpe Ratio | 1.46 | 1.89 |
| Daily Std Dev | 14.16% | 16.77% |
| Max Drawdown | -81.07% | -57.35% |
| Current Drawdown | -5.19% | -4.44% |
Correlation
The correlation between VPMCX and IVW is 0.92, 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
VPMCX vs. IVW - Performance Comparison
In the year-to-date period, VPMCX achieves a 12.92% return, which is significantly lower than IVW's 23.82% return. Over the past 10 years, VPMCX has underperformed IVW with an annualized return of 12.87%, while IVW has yielded a comparatively higher 14.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VPMCX vs. IVW - Expense Ratio Comparison
VPMCX has a 0.38% expense ratio, which is higher than IVW's 0.18% expense ratio.
Risk-Adjusted Performance
VPMCX vs. IVW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard PRIMECAP Fund Investor Shares (VPMCX) and iShares S&P 500 Growth ETF (IVW). 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
VPMCX vs. IVW - Dividend Comparison
VPMCX's dividend yield for the trailing twelve months is around 6.34%, more than IVW's 0.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPMCX Vanguard PRIMECAP Fund Investor Shares | 6.34% | 7.16% | 9.85% | 10.08% | 9.74% | 7.15% | 8.32% | 5.61% | 5.05% | 5.91% | 6.68% | 4.99% |
IVW iShares S&P 500 Growth ETF | 0.64% | 1.03% | 0.89% | 0.46% | 0.82% | 1.62% | 1.27% | 1.30% | 1.51% | 1.51% | 1.36% | 1.44% |
Drawdowns
VPMCX vs. IVW - Drawdown Comparison
The maximum VPMCX drawdown since its inception was -81.07%, which is greater than IVW's maximum drawdown of -57.35%. Use the drawdown chart below to compare losses from any high point for VPMCX and IVW. For additional features, visit the drawdowns tool.
Volatility
VPMCX vs. IVW - Volatility Comparison
The current volatility for Vanguard PRIMECAP Fund Investor Shares (VPMCX) is 4.12%, while iShares S&P 500 Growth ETF (IVW) has a volatility of 5.50%. This indicates that VPMCX experiences smaller price fluctuations and is considered to be less risky than IVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.