- Issuer
- T. Rowe Price
- Inception Date
- Dec 8, 2015
- Category
- Small Cap Blend Equities
- Min. Investment
- $500,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
TRCSX Performance Chart
T. Rowe Price Small-Cap Index Fund (TRCSX) is up 20.7% since the beginning of the year. TRCSX is currently trading at $21 per share. Investors who bought $1,000 worth of TRCSX shares 5 years ago would now be looking at an investment worth $1,421.
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Returns By Period
T. Rowe Price Small-Cap Index Fund (TRCSX) has returned 20.71% so far this year and 42.72% over the past 12 months.
T. Rowe Price Small-Cap Index Fund
- 1D
- 2.11%
- 1M
- 3.95%
- YTD
- 20.71%
- 6M
- 17.11%
- 1Y
- 42.72%
- 3Y*
- 18.22%
- 5Y*
- 7.28%
- 10Y*
- —
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%
TRCSX Monthly Returns History
Based on dividend-adjusted daily data since May 13, 2021, TRCSX's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 58% of months were positive and 42% were negative. The best month was Dec 2023 with a return of +12.3%, while the worst month was Apr 2022 at -9.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, TRCSX closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +8.7%, while the worst single day was Apr 3, 2025 at -6.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.39% | 0.83% | -5.02% | 12.18% | 4.35% | 2.16% | 20.71% | ||||||
| 2025 | 4.60% | -9.47% | -4.39% | -2.33% | 5.78% | 4.99% | 1.69% | 7.68% | 2.55% | 1.27% | 0.92% | 0.00% | 12.72% |
| 2024 | -3.87% | 5.61% | 3.54% | -7.03% | 5.02% | -0.94% | 10.13% | -1.48% | 0.69% | -1.43% | 10.98% | -8.34% | 11.36% |
| 2023 | 9.73% | -1.67% | -4.80% | -1.79% | -0.87% | 8.05% | 6.13% | -5.01% | -5.86% | -6.84% | 9.02% | 12.31% | 16.97% |
| 2022 | -9.62% | 1.04% | 1.30% | -9.93% | 0.15% | -8.31% | 10.45% | -2.00% | -9.58% | 10.93% | 2.33% | -6.45% | -20.47% |
| 2021 | 4.54% | 1.96% | -3.66% | 2.30% | -2.98% | 4.26% | -4.21% | 2.22% | 4.05% |
Benchmark Metrics
T. Rowe Price Small-Cap Index Fund has an annualized alpha of -5.45%, beta of 1.10, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since May 13, 2021.
- This fund participated in 114.35% of S&P 500 Index downside but only 92.57% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -5.45% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.10 and R2 of 0.64, 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
- -5.45%
- Beta
- 1.10
- R²
- 0.64
- Upside Capture
- 92.57%
- Downside Capture
- 114.35%
Expense Ratio
TRCSX has an expense ratio of 0.14%, which is considered low.
Return for Risk
Risk / Return Rank
TRCSX ranks 79 for risk / return — better than 79% 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 Small-Cap Index Fund (TRCSX) 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.
| TRCSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.47 | 2.78 | +1.68 |
| Martin ratioReturn relative to average drawdown | 15.44 | 12.44 | +3.00 |
Dividends
Dividend History
T. Rowe Price Small-Cap Index Fund provided a 1.98% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.41 | $0.50 | $0.18 | $0.20 | $0.27 |
Dividend yield | 1.98% | 2.39% | 3.18% | 1.27% | 1.58% | 1.69% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Small-Cap Index 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 | $0.41 | $0.41 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2021 | $0.27 | $0.27 |
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 Small-Cap Index 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 Small-Cap Index Fund was 31.94%, occurring on Jun 16, 2022. Recovery took 601 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -31.94%Jun 2022 | 7mo 9d | 2y 4mo | 2y 12moNov 2021 - Nov 2024 |
2025 selloff2025 | -27.82%Apr 2025 | 4mo 16d | 5mo 3d | 9mo 19dNov 2024 - Sep 2025 |
2026 correction2026 | -10.96%Mar 2026 | 2mo 6d | 16d | 2mo 22dJan 2026 - Apr 2026 |
2021 pullback2021 | -9.05%Jul 2021 | 1mo 10d | 3mo 15d | 4mo 25dJun 2021 - Nov 2021 |
2025 pullback2025 | -8.45%Nov 2025 | 23d | 14d | 1mo 7dOct 2025 - Dec 2025 |
Drawdown Indicators
| TRCSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.94% | -56.78% | +24.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.96% | -9.10% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -27.82% | -18.90% | -8.92% |
Max Drawdown (5Y)Largest decline over 5 years | -31.94% | -25.43% | -6.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -13.39% | -10.71% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.03% | +1.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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