T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX)

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The chart shows the growth of an initial investment of $10,000 in T. Rowe Price QM U.S. Small & Mid-Cap Core Equity 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 QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) has returned -2.09% so far this year and 16.91% over the past 12 months. Over the last ten years, TQSIX has returned 11.39% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Feb 29, 2016, TQSIX's average daily return is +0.05%, while the average monthly return is +1.09%. At this rate, your investment would double in approximately 5.3 years.

Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +13.5%, while the worst month was Mar 2020 at -19.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, TQSIX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +10.1%, while the worst single day was Mar 16, 2020 at -14.1%.

T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund has an annualized alpha of -0.23%, beta of 1.02, and R² of 0.83 versus S&P 500 Index. Calculated based on daily prices since March 01, 2016.

• With beta of 1.02 and R² of 0.83, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

TQSIX has an expense ratio of 0.68%, placing it in the medium range.

TQSIX ranks 38 for risk / return — below 38% 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 QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) and compare them to a chosen benchmark (S&P 500 Index).

T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund provided a 1.35% dividend yield over the last twelve months, with an annual payout of $0.33 per share.

The table displays the monthly dividend distributions for T. Rowe Price QM U.S. Small & Mid-Cap Core Equity 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 QM U.S. Small & Mid-Cap Core 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 & Mid-Cap Core Equity Fund was 40.65%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.

The current T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund drawdown is 10.41%.

The chart below shows the rolling one-month volatility.