- ISIN
- US7799177073
- Issuer
- T. Rowe Price
- Inception Date
- Feb 26, 2016
- Category
- Mid Cap Blend Equities
- Min. Investment
- $500,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
TQSIX Performance Chart
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) is up 18.1% since the beginning of the year. TQSIX is currently trading at $30 per share. Investors who bought $1,000 worth of TQSIX shares 5 years ago would now be looking at an investment worth $1,824.
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Returns By Period
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) has returned 18.06% so far this year and 33.69% over the past 12 months. Over the last ten years, TQSIX has had an annualized return of 13.23%, just under the S&P 500 Index benchmark’s 13.88%.
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund
- 1D
- 1.63%
- 1M
- 4.29%
- YTD
- 18.06%
- 6M
- 15.37%
- 1Y
- 33.69%
- 3Y*
- 20.12%
- 5Y*
- 12.77%
- 10Y*
- 13.23%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TQSIX Monthly Returns History
Based on dividend-adjusted daily data since Feb 29, 2016, TQSIX's average daily return is +0.06%, while the average monthly return is +1.21%. At this rate, an investment would double in approximately 4.8 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.10% | 2.59% | -6.01% | 9.59% | 3.17% | 3.03% | 18.06% | ||||||
| 2025 | 4.45% | -3.58% | -6.08% | -1.49% | 5.39% | 4.22% | 1.21% | 4.85% | 1.95% | -0.16% | 1.79% | 0.39% | 12.94% |
| 2024 | 0.24% | 5.45% | 5.53% | -5.55% | 4.63% | -1.84% | 6.65% | 0.50% | 1.00% | -1.44% | 9.21% | -7.58% | 16.54% |
| 2023 | 9.66% | -0.98% | -4.40% | -0.16% | -1.64% | 8.64% | 4.41% | -3.00% | -4.10% | -5.28% | 8.81% | 10.05% | 21.99% |
| 2022 | -6.75% | 0.85% | 0.15% | -6.43% | 1.96% | -9.23% | 10.57% | -3.56% | -8.78% | 10.28% | 5.22% | -5.43% | -12.97% |
| 2021 | -0.06% | 6.55% | 2.94% | 3.68% | -0.30% | -0.00% | 0.40% | 3.00% | -2.87% | 5.01% | -3.09% | 5.43% | 22.12% |
Benchmark Metrics
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund has an annualized alpha of -0.00%, beta of 1.03, and R2 of 0.83 versus S&P 500 Index. Calculated based on daily prices since February 29, 2016.
- With beta of 1.03 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.
- Alpha
- -0.00%
- Beta
- 1.03
- R²
- 0.83
- Upside Capture
- 100.98%
- Downside Capture
- 101.50%
Expense Ratio
TQSIX has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TQSIX ranks 61 for risk / return — better than 61% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
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 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.
| TQSIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 2.78 | +0.47 |
| Martin ratioReturn relative to average drawdown | 13.02 | 12.44 | +0.58 |
Dividends
Dividend History
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund provided a 1.12% dividend yield over the last twelve months, with an annual payout of $0.33 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $1.50 | $0.73 | $1.12 | $0.34 | $0.15 | $0.20 | $0.29 | $0.06 | $0.11 |
Dividend yield | 1.12% | 1.32% | 6.61% | 3.55% | 6.35% | 1.58% | 0.81% | 1.24% | 2.28% | 0.42% | 0.88% |
Monthly Dividends
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.
| 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.50 | $1.50 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.73 | $0.73 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.12 | $1.12 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
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 & 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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -40.65%Mar 2020 | 1mo 1d | 7mo 28d | 8mo 29dFeb 2020 - Nov 2020 |
2025 selloff2025 | -23.76%Apr 2025 | 4mo 13d | 4mo 21d | 9mo 4dNov 2024 - Aug 2025 |
Rate-hike selloffLate 2018 | -23.07%Dec 2018 | 3mo 26d | 7mo 2d | 10mo 28dAug 2018 - Jul 2019 |
Bear market2022 | -22.40%Sep 2022 | 10mo 13d | 1y 2mo | 2y 26dNov 2021 - Dec 2023 |
2026 correction2026 | -10.41%Mar 2026 | 1mo 5d | 18d | 1mo 23dFeb 2026 - Apr 2026 |
Drawdown Indicators
| TQSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.65% | -56.78% | +16.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.41% | -9.10% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -23.76% | -18.90% | -4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -23.76% | -25.43% | +1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -40.65% | -33.92% | -6.73% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -10.71% | +5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.03% | +0.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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