VPMCX vs. QQQ
Compare and contrast key facts about Vanguard PRIMECAP Fund Investor Shares (VPMCX) and Invesco QQQ (QQQ).
VPMCX is managed by Vanguard. It was launched on Nov 1, 1984. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VPMCX or QQQ.
Key characteristics
| VPMCX | QQQ | |
|---|---|---|
| YTD Return | 18.73% | 26.02% |
| 1Y Return | 29.18% | 36.73% |
| 3Y Return (Ann) | 8.52% | 9.97% |
| 5Y Return (Ann) | 14.22% | 21.44% |
| 10Y Return (Ann) | 13.24% | 18.42% |
| Sharpe Ratio | 2.28 | 2.28 |
| Sortino Ratio | 3.06 | 2.98 |
| Omega Ratio | 1.42 | 1.41 |
| Calmar Ratio | 2.52 | 2.94 |
| Martin Ratio | 10.25 | 10.71 |
| Ulcer Index | 3.04% | 3.72% |
| Daily Std Dev | 13.64% | 17.35% |
| Max Drawdown | -81.07% | -82.98% |
| Current Drawdown | -0.32% | -0.06% |
Correlation
The correlation between VPMCX and QQQ is 0.87, 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. QQQ - Performance Comparison
In the year-to-date period, VPMCX achieves a 18.73% return, which is significantly lower than QQQ's 26.02% return. Over the past 10 years, VPMCX has underperformed QQQ with an annualized return of 13.24%, while QQQ has yielded a comparatively higher 18.42% 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. QQQ - Expense Ratio Comparison
VPMCX has a 0.38% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
VPMCX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard PRIMECAP Fund Investor Shares (VPMCX) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
VPMCX's dividend yield for the trailing twelve months is around 0.93%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPMCX Vanguard PRIMECAP Fund Investor Shares | 0.93% | 1.10% | 1.23% | 0.70% | 1.04% | 1.21% | 1.26% | 1.09% | 1.29% | 1.12% | 1.13% | 0.91% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
VPMCX vs. QQQ - Drawdown Comparison
The maximum VPMCX drawdown since its inception was -81.07%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for VPMCX and QQQ. For additional features, visit the drawdowns tool.
Volatility
VPMCX vs. QQQ - Volatility Comparison
The current volatility for Vanguard PRIMECAP Fund Investor Shares (VPMCX) is 4.11%, while Invesco QQQ (QQQ) has a volatility of 5.18%. This indicates that VPMCX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.