- CUSIP
- 779917509
- Issuer
- T. Rowe Price
- Inception Date
- Feb 26, 2016
- Category
- Small Cap Blend Equities
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
TQSMX Performance Chart
T. Rowe Price Integrated US Small-Mid Cap Equity Fund (TQSMX) is up 15.2% since the beginning of the year. TQSMX is currently trading at $29 per share. Investors who bought $1,000 worth of TQSMX shares 5 years ago would now be looking at an investment worth $1,726.
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Returns By Period
T. Rowe Price Integrated US Small-Mid Cap Equity Fund (TQSMX) has returned 15.15% so far this year and 30.46% over the past 12 months. Over the last ten years, TQSMX has returned 12.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
T. Rowe Price Integrated US Small-Mid Cap Equity Fund
- 1D
- 1.08%
- 1M
- 3.90%
- YTD
- 15.15%
- 6M
- 15.35%
- 1Y
- 30.46%
- 3Y*
- 20.16%
- 5Y*
- 11.53%
- 10Y*
- 12.62%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
TQSMX Monthly Returns History
Based on dividend-adjusted daily data since Feb 29, 2016, TQSMX's average daily return is +0.06%, while the average monthly return is +1.18%. At this rate, an investment would double in approximately 4.9 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +13.4%, while the worst month was Mar 2020 at -19.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, TQSMX 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 -14.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.04% | 2.60% | -6.03% | 9.59% | 3.11% | 0.62% | 15.15% | ||||||
| 2025 | 4.47% | -3.64% | -6.10% | -1.45% | 5.32% | 4.19% | 1.21% | 4.83% | 1.92% | -0.16% | 1.80% | 0.37% | 12.75% |
| 2024 | 0.24% | 5.42% | 5.55% | -5.56% | 4.60% | -1.89% | 6.68% | 0.46% | 0.96% | -1.41% | 9.16% | -7.58% | 16.34% |
| 2023 | 9.57% | -0.94% | -4.41% | -0.22% | -1.65% | 8.61% | 4.38% | -2.96% | -4.12% | -5.30% | 8.73% | 10.06% | 21.72% |
| 2022 | -6.73% | 0.85% | 0.10% | -6.41% | 1.91% | -9.27% | 10.61% | -3.63% | -8.83% | 10.27% | 5.25% | -5.43% | -13.07% |
| 2021 | -0.11% | 6.58% | 2.95% | 3.64% | -0.30% | -0.05% | 0.40% | 3.01% | -2.93% | 5.04% | -3.15% | 5.40% | 21.85% |
Benchmark Metrics
T. Rowe Price Integrated US Small-Mid Cap Equity Fund has an annualized alpha of -0.72%, beta of 1.03, and R2 of 0.83 versus S&P 500 Index. Calculated based on daily prices since March 01, 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
- -0.72%
- Beta
- 1.03
- R²
- 0.83
- Upside Capture
- 100.22%
- Downside Capture
- 104.23%
Expense Ratio
TQSMX has an expense ratio of 0.87%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TQSMX ranks 51 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Integrated US Small-Mid Cap Equity Fund (TQSMX) and compare them to S&P 500 Index.
| TQSMX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.97 | 2.24 | -0.27 |
Sortino ratioReturn per unit of downside risk | 2.82 | 3.07 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.09 | 2.93 | +0.16 |
Martin ratioReturn relative to average drawdown | 12.39 | 13.52 | -1.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
T. Rowe Price Integrated US Small-Mid Cap Equity Fund provided a 0.99% dividend yield over the last twelve months, with an annual payout of $0.29 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.29 | $1.47 | $0.70 | $1.06 | $0.30 | $0.15 | $0.19 | $0.27 | $0.05 |
Dividend yield | 0.99% | 1.15% | 6.48% | 3.39% | 6.06% | 1.40% | 0.81% | 1.18% | 2.12% | 0.35% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Integrated US Small-Mid Cap 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 | $0.29 | $0.29 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.47 | $1.47 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.06 | $1.06 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
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 Integrated US Small-Mid Cap 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 Integrated US Small-Mid Cap Equity Fund was 40.66%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current T. Rowe Price Integrated US Small-Mid Cap Equity Fund drawdown is 0.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -40.66%Mar 2020 | 1mo 1d | 7mo 28d | 8mo 29dFeb 2020 - Nov 2020 |
2025 selloff2025 | -23.82%Apr 2025 | 4mo 13d | 4mo 21d | 9mo 4dNov 2024 - Aug 2025 |
Rate-hike selloffLate 2018 | -23.20%Dec 2018 | 3mo 26d | 7mo 2d | 10mo 28dAug 2018 - Jul 2019 |
Bear market2022 | -22.52%Sep 2022 | 10mo 13d | 1y 2mo | 2y 26dNov 2021 - Dec 2023 |
2026 correction2026 | -10.38%Mar 2026 | 1mo 5d | 18d | 1mo 23dFeb 2026 - Apr 2026 |
Drawdown Indicators
| TQSMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.66% | -56.78% | +16.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -9.10% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -23.82% | -18.90% | -4.92% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -25.43% | +1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -40.66% | -33.92% | -6.74% |
Current DrawdownCurrent decline from peak | -0.10% | -0.74% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -10.72% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 1.97% | +0.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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