- ISIN
- US7799171035
- CUSIP
- 779917103
- Issuer
- T. Rowe Price
- Inception Date
- Jun 30, 1997
- Category
- Small Cap Growth Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
PRDSX Performance Chart
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX) is up 16.2% since the beginning of the year. PRDSX is currently trading at $52 per share. Investors who bought $1,000 worth of PRDSX shares 5 years ago would now be looking at an investment worth $1,409.
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Returns By Period
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX) has returned 16.17% so far this year and 25.31% over the past 12 months. Over the last ten years, PRDSX has returned 11.40% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund
- 1D
- 2.51%
- 1M
- -2.99%
- 6M
- 11.17%
- YTD
- 16.17%
- 1Y
- 25.31%
- 3Y*
- 14.65%
- 5Y*
- 7.10%
- 10Y*
- 11.40%
- ALL TIME*
- 8.64%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 18.15%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
PRDSX Monthly Returns History
Based on dividend-adjusted daily data since Jun 30, 1997, PRDSX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 61% of months were positive and 39% were negative. The best month was Feb 2000 with a return of +19.2%, while the worst month was Aug 1998 at -22.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PRDSX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +10.1%, while the worst single day was Mar 16, 2020 at -14.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.50% | 1.67% | -6.39% | 11.06% | 3.67% | 5.71% | -4.03% | 16.17% | |||||
| 2025 | 4.06% | -5.62% | -6.43% | 0.33% | 4.33% | 4.30% | 1.74% | 4.09% | 2.29% | 1.32% | 1.05% | -1.07% | 10.10% |
| 2024 | -1.59% | 7.61% | 3.02% | -6.30% | 4.72% | 0.57% | 5.53% | 1.09% | 0.83% | -1.77% | 8.75% | -8.68% | 12.97% |
| 2023 | 8.94% | -0.79% | -0.85% | -0.19% | -1.32% | 8.01% | 1.90% | -2.14% | -5.38% | -5.82% | 8.91% | 9.81% | 21.15% |
| 2022 | -11.52% | 0.07% | -0.19% | -9.59% | -1.70% | -6.54% | 10.99% | -3.60% | -7.97% | 8.69% | 4.39% | -5.48% | -22.49% |
| 2021 | -0.50% | 4.67% | 0.04% | 3.80% | -3.02% | 1.84% | 0.20% | 2.92% | -2.74% | 4.91% | -4.74% | 3.82% | 11.15% |
Benchmark Metrics
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund has an annualized alpha of 1.23%, beta of 1.06, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since June 30, 1997.
- This fund captured 120.09% of S&P 500 Index gains and 113.04% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.06 and R2 of 0.78, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.23%
- Beta
- 1.06
- R²
- 0.78
- Upside Capture
- 120.09%
- Downside Capture
- 113.04%
Expense Ratio
PRDSX has an expense ratio of 0.78%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PRDSX ranks 48 for risk / return — above 48% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRDSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.00 | -0.01 |
| Martin ratioReturn relative to average drawdown | 7.28 | 8.49 | -1.21 |
Dividends
Dividend History
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund provided a 5.46% dividend yield over the last twelve months, with an annual payout of $2.83 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.83 | $2.83 | $3.43 | $1.00 | $1.29 | $6.48 | $1.39 | $1.64 | $1.41 | $0.04 | $0.01 | $0.47 |
Dividend yield | 5.46% | 6.35% | 7.96% | 2.43% | 3.72% | 13.97% | 2.91% | 4.12% | 4.53% | 0.10% | 0.02% | 1.83% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price QM U.S. Small-Cap Growth Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.83 | $2.83 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.43 | $3.43 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $1.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.29 | $1.29 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.48 | $6.48 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price QM U.S. Small-Cap Growth Equity 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 QM U.S. Small-Cap Growth Equity Fund was 58.95%, occurring on Oct 9, 2002. Recovery took 1256 trading sessions.
The current T. Rowe Price QM U.S. Small-Cap Growth Equity Fund drawdown is 4.03%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-58.95%Oct 2002 | 2y 7mo | 4y 12mo | 7y 7moMar 2000 - Oct 2007 | Dot-com crash2000–2002 |
-54.14%Mar 2009 | 1y 5mo | 1y 8mo | 3y 25dOct 2007 - Nov 2010 | Financial crisis2007–2009 |
-41.73%Oct 1998 | 5mo 19d | 1y 1mo | 1y 6moApr 1998 - Nov 1999 | — |
-37.61%Mar 2020 | 1mo 2d | 5mo 13d | 6mo 15dFeb 2020 - Sep 2020 | COVID crash2020 |
-33.17%Jun 2022 | 7mo 9d | 2y 27d | 2y 8moNov 2021 - Jul 2024 | Bear market2022 |
Drawdown Indicators
| PRDSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.95% | -56.78% | -2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | -9.10% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -25.84% | -18.90% | -6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -33.17% | -25.43% | -7.74% |
Max Drawdown (10Y)Largest decline over 10 years | -37.61% | -33.92% | -3.69% |
Current DrawdownCurrent decline from peak | -4.03% | -1.58% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -14.09% | -10.70% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 2.14% | +1.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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