VPMCX vs. VHCOX
Compare and contrast key facts about Vanguard PRIMECAP Fund Investor Shares (VPMCX) and Vanguard Capital Opportunity Fund Investor Shares (VHCOX).
VPMCX is managed by Vanguard. It was launched on Nov 1, 1984. VHCOX is managed by Vanguard. It was launched on Aug 14, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VPMCX or VHCOX.
Key characteristics
| VPMCX | VHCOX | |
|---|---|---|
| YTD Return | 18.40% | 18.45% |
| 1Y Return | 30.80% | 29.30% |
| 3Y Return (Ann) | 8.26% | -0.68% |
| 5Y Return (Ann) | 13.99% | 6.44% |
| 10Y Return (Ann) | 13.14% | 6.15% |
| Sharpe Ratio | 2.08 | 1.90 |
| Sortino Ratio | 2.81 | 2.60 |
| Omega Ratio | 1.38 | 1.34 |
| Calmar Ratio | 2.32 | 1.10 |
| Martin Ratio | 9.44 | 9.01 |
| Ulcer Index | 3.04% | 3.02% |
| Daily Std Dev | 13.80% | 14.34% |
| Max Drawdown | -81.07% | -61.19% |
| Current Drawdown | -0.60% | -2.71% |
Correlation
The correlation between VPMCX and VHCOX 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.
Performance
VPMCX vs. VHCOX - Performance Comparison
The year-to-date returns for both investments are quite close, with VPMCX having a 18.40% return and VHCOX slightly higher at 18.45%. Over the past 10 years, VPMCX has outperformed VHCOX with an annualized return of 13.14%, while VHCOX has yielded a comparatively lower 6.15% 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. VHCOX - Expense Ratio Comparison
VPMCX has a 0.38% expense ratio, which is lower than VHCOX's 0.43% expense ratio.
Risk-Adjusted Performance
VPMCX vs. VHCOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard PRIMECAP Fund Investor Shares (VPMCX) and Vanguard Capital Opportunity Fund Investor Shares (VHCOX). 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. VHCOX - Dividend Comparison
VPMCX's dividend yield for the trailing twelve months is around 0.93%, more than VHCOX'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% |
VHCOX Vanguard Capital Opportunity Fund Investor Shares | 0.59% | 0.70% | 0.80% | 0.35% | 0.43% | 0.73% | 0.83% | 0.68% | 0.69% | 0.58% | 0.58% | 0.16% |
Drawdowns
VPMCX vs. VHCOX - Drawdown Comparison
The maximum VPMCX drawdown since its inception was -81.07%, which is greater than VHCOX's maximum drawdown of -61.19%. Use the drawdown chart below to compare losses from any high point for VPMCX and VHCOX. For additional features, visit the drawdowns tool.
Volatility
VPMCX vs. VHCOX - Volatility Comparison
The current volatility for Vanguard PRIMECAP Fund Investor Shares (VPMCX) is 4.19%, while Vanguard Capital Opportunity Fund Investor Shares (VHCOX) has a volatility of 4.42%. This indicates that VPMCX experiences smaller price fluctuations and is considered to be less risky than VHCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.