T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX)

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The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Diversified Mid Cap Growth Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX) has returned -9.37% so far this year and 16.61% over the past 12 months. Over the last decade, PRDMX has posted an annualized return of 12.52%, slightly higher than the S&P 500 Index benchmark’s 12.16%.

Based on dividend-adjusted daily data since Jan 2, 2004, PRDMX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, your investment would double in approximately 6.0 years.

Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +15.9%, while the worst month was Oct 2008 at -21.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.

On a daily basis, PRDMX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +12.2%, while the worst single day was Mar 16, 2020 at -12.9%.

T. Rowe Price Diversified Mid Cap Growth Fund has an annualized alpha of 1.96%, beta of 1.07, and R² of 0.88 versus S&P 500 Index. Calculated based on daily prices since January 05, 2004.

• This fund captured 113.70% of S&P 500 Index gains and 102.91% of its losses — amplifying both gains and losses, but participating more in upside than downside.
• With beta of 1.07 and R² of 0.88, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

PRDMX has an expense ratio of 0.79%, placing it in the medium range.

PRDMX ranks 32 for risk / return — below 32% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX) and compare them to a chosen benchmark (S&P 500 Index).

T. Rowe Price Diversified Mid Cap Growth Fund provided a 17.09% dividend yield over the last twelve months, with an annual payout of $7.24 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for T. Rowe Price Diversified Mid Cap Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the T. Rowe Price Diversified Mid Cap Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the T. Rowe Price Diversified Mid Cap Growth Fund was 57.57%, occurring on Nov 20, 2008. Recovery took 524 trading sessions.

The current T. Rowe Price Diversified Mid Cap Growth Fund drawdown is 12.73%.

The chart below shows the rolling one-month volatility.