VPMCX vs. SPY
Compare and contrast key facts about Vanguard PRIMECAP Fund Investor Shares (VPMCX) and SPDR S&P 500 ETF (SPY).
VPMCX is managed by Vanguard. It was launched on Nov 1, 1984. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VPMCX or SPY.
Correlation
The correlation between VPMCX and SPY is 0.91, 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. SPY - Performance Comparison
Key characteristics
VPMCX:
0.22
SPY:
0.54
VPMCX:
0.44
SPY:
0.89
VPMCX:
1.06
SPY:
1.13
VPMCX:
0.22
SPY:
0.58
VPMCX:
0.84
SPY:
2.39
VPMCX:
5.35%
SPY:
4.51%
VPMCX:
20.66%
SPY:
20.07%
VPMCX:
-83.41%
SPY:
-55.19%
VPMCX:
-11.38%
SPY:
-10.54%
Returns By Period
In the year-to-date period, VPMCX achieves a -4.50% return, which is significantly higher than SPY's -6.44% return. Both investments have delivered pretty close results over the past 10 years, with VPMCX having a 11.59% annualized return and SPY not far ahead at 11.95%.
VPMCX
-4.50%
-6.67%
-6.30%
2.89%
14.53%
11.59%
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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VPMCX vs. SPY - Expense Ratio Comparison
VPMCX has a 0.38% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
VPMCX vs. SPY — Risk-Adjusted Performance Rank
VPMCX
SPY
VPMCX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard PRIMECAP Fund Investor Shares (VPMCX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
VPMCX's dividend yield for the trailing twelve months is around 6.94%, more than SPY's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPMCX Vanguard PRIMECAP Fund Investor Shares | 6.94% | 6.62% | 7.16% | 9.85% | 10.08% | 9.74% | 7.15% | 8.32% | 5.61% | 5.05% | 5.91% | 6.68% |
SPY SPDR S&P 500 ETF | 1.31% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VPMCX vs. SPY - Drawdown Comparison
The maximum VPMCX drawdown since its inception was -83.41%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VPMCX and SPY. For additional features, visit the drawdowns tool.
Volatility
VPMCX vs. SPY - Volatility Comparison
Vanguard PRIMECAP Fund Investor Shares (VPMCX) and SPDR S&P 500 ETF (SPY) have volatilities of 14.78% and 15.13%, 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.