- ISIN
- US7799178717
- Issuer
- T. Rowe Price
- Inception Date
- Feb 26, 2016
- Category
- Large Cap Value Equities
- Min. Investment
- $500,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
TQVIX Performance Chart
T. Rowe Price QM U.S. Value Equity Fund (TQVIX) is up 12.8% since the beginning of the year. TQVIX is currently trading at $21 per share. Investors who bought $1,000 worth of TQVIX shares 5 years ago would now be looking at an investment worth $1,687.
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Returns By Period
T. Rowe Price QM U.S. Value Equity Fund (TQVIX) has returned 12.84% so far this year and 27.06% over the past 12 months. Over the last ten years, TQVIX has returned 11.66% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
T. Rowe Price QM U.S. Value Equity Fund
- 1D
- 0.66%
- 1M
- 3.64%
- YTD
- 12.84%
- 6M
- 13.87%
- 1Y
- 27.06%
- 3Y*
- 19.02%
- 5Y*
- 11.03%
- 10Y*
- 11.66%
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%
TQVIX Monthly Returns History
Based on dividend-adjusted daily data since Feb 29, 2016, TQVIX's average daily return is +0.05%, while the average monthly return is +1.09%. At this rate, an investment would double in approximately 5.3 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +16.0%, while the worst month was Mar 2020 at -18.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TQVIX closed higher 51% 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 -12.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.65% | 3.21% | -5.19% | 8.13% | 2.60% | 0.28% | 12.84% | ||||||
| 2025 | 4.75% | 0.44% | -2.48% | -3.61% | 2.63% | 2.97% | 0.78% | 3.85% | 1.38% | 0.47% | 2.03% | 1.07% | 14.88% |
| 2024 | 1.55% | 3.67% | 6.02% | -3.73% | 2.89% | -1.12% | 5.23% | 2.05% | 0.74% | -0.32% | 6.22% | -7.22% | 16.20% |
| 2023 | 4.92% | -2.90% | -2.10% | 2.20% | -4.70% | 6.86% | 3.80% | -2.46% | -2.52% | -3.09% | 7.36% | 4.87% | 11.79% |
| 2022 | 0.29% | -0.59% | 1.89% | -4.52% | 3.22% | -9.47% | 5.20% | -2.35% | -8.86% | 12.42% | 5.62% | -4.03% | -3.29% |
| 2021 | 0.07% | 7.69% | 7.21% | 3.52% | 3.28% | -1.98% | 0.18% | 1.83% | -2.93% | 4.01% | -3.14% | 6.86% | 29.07% |
Benchmark Metrics
T. Rowe Price QM U.S. Value Equity Fund has an annualized alpha of -0.19%, beta of 0.91, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since March 01, 2016.
- This fund participated in 96.35% of S&P 500 Index downside but only 90.11% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.91 and R2 of 0.79, 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
- -0.19%
- Beta
- 0.91
- R²
- 0.79
- Upside Capture
- 90.11%
- Downside Capture
- 96.35%
Expense Ratio
TQVIX has an expense ratio of 0.53%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TQVIX ranks 78 for risk / return — better than 78% 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. Value Equity Fund (TQVIX) and compare them to S&P 500 Index.
| TQVIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.58 | 2.24 | +0.34 |
Sortino ratioReturn per unit of downside risk | 3.64 | 3.07 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.41 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.83 | 2.93 | +0.90 |
Martin ratioReturn relative to average drawdown | 16.48 | 13.52 | +2.95 |
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 QM U.S. Value Equity Fund provided a 4.31% dividend yield over the last twelve months, with an annual payout of $0.92 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.92 | $0.92 | $1.46 | $1.20 | $0.98 | $0.46 | $0.31 | $0.52 | $0.66 | $0.26 | $0.22 |
Dividend yield | 4.31% | 4.87% | 8.44% | 7.46% | 6.32% | 2.68% | 2.26% | 3.75% | 5.76% | 1.92% | 1.81% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price QM U.S. Value 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 | $0.92 | $0.92 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.46 | $1.46 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.20 | $1.20 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $0.98 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.46 |
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. Value 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. Value Equity Fund was 40.69%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.
The current T. Rowe Price QM U.S. Value Equity Fund drawdown is 0.19%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -40.69%Mar 2020 | 2mo 2d | 9mo 19d | 11mo 21dJan 2020 - Jan 2021 |
Rate-hike selloffLate 2018 | -21.82%Dec 2018 | 10mo 29d | 10mo 15d | 1y 9moJan 2018 - Nov 2019 |
Bear market2022 | -18.59%Sep 2022 | 5mo 12d | 9mo 29d | 1y 3moApr 2022 - Jul 2023 |
2025 selloff2025 | -15.60%Apr 2025 | 4mo 7d | 4mo 7d | 8mo 14dDec 2024 - Aug 2025 |
2023 pullback2023 | -9.53%Oct 2023 | 3mo 2d | 1mo 15d | 4mo 17dJul 2023 - Dec 2023 |
Drawdown Indicators
| TQVIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.69% | -56.78% | +16.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -9.10% | +1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | -18.90% | +3.30% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -25.43% | +6.84% |
Max Drawdown (10Y)Largest decline over 10 years | -40.69% | -33.92% | -6.77% |
Current DrawdownCurrent decline from peak | -0.19% | -0.74% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -10.72% | +6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.97% | -0.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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