VPMCX vs. VOO
Compare and contrast key facts about Vanguard PRIMECAP Fund Investor Shares (VPMCX) and Vanguard S&P 500 ETF (VOO).
VPMCX is managed by Vanguard. It was launched on Nov 1, 1984. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VPMCX or VOO.
Key characteristics
| VPMCX | VOO | |
|---|---|---|
| YTD Return | 17.36% | 26.88% |
| 1Y Return | 27.46% | 37.59% |
| 3Y Return (Ann) | 8.09% | 10.23% |
| 5Y Return (Ann) | 13.95% | 15.93% |
| 10Y Return (Ann) | 13.11% | 13.41% |
| Sharpe Ratio | 2.03 | 3.06 |
| Sortino Ratio | 2.74 | 4.08 |
| Omega Ratio | 1.37 | 1.58 |
| Calmar Ratio | 2.24 | 4.43 |
| Martin Ratio | 9.11 | 20.25 |
| Ulcer Index | 3.04% | 1.85% |
| Daily Std Dev | 13.67% | 12.23% |
| Max Drawdown | -81.07% | -33.99% |
| Current Drawdown | -1.47% | -0.30% |
Correlation
The correlation between VPMCX and VOO 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.
Performance
VPMCX vs. VOO - Performance Comparison
In the year-to-date period, VPMCX achieves a 17.36% return, which is significantly lower than VOO's 26.88% return. Both investments have delivered pretty close results over the past 10 years, with VPMCX having a 13.11% annualized return and VOO not far ahead at 13.41%. 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. VOO - Expense Ratio Comparison
VPMCX has a 0.38% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
VPMCX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard PRIMECAP Fund Investor Shares (VPMCX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
VPMCX's dividend yield for the trailing twelve months is around 0.94%, less than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPMCX Vanguard PRIMECAP Fund Investor Shares | 0.94% | 1.10% | 1.23% | 0.70% | 1.04% | 1.21% | 1.26% | 1.09% | 1.29% | 1.12% | 1.13% | 0.91% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VPMCX vs. VOO - Drawdown Comparison
The maximum VPMCX drawdown since its inception was -81.07%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VPMCX and VOO. For additional features, visit the drawdowns tool.
Volatility
VPMCX vs. VOO - Volatility Comparison
Vanguard PRIMECAP Fund Investor Shares (VPMCX) has a higher volatility of 4.25% compared to Vanguard S&P 500 ETF (VOO) at 3.89%. This indicates that VPMCX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.