- ISIN
- US77957Y1064
- CUSIP
- 77957Y106
- Issuer
- T. Rowe Price
- Inception Date
- Jun 28, 1996
- Category
- Mid Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
TRMCX Performance Chart
T. Rowe Price Mid-Cap Value Fund (TRMCX) is up 17.9% since the beginning of the year. TRMCX is currently trading at $38 per share. Investors who bought $1,000 worth of TRMCX shares 5 years ago would now be looking at an investment worth $1,759.
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Returns By Period
T. Rowe Price Mid-Cap Value Fund (TRMCX) has returned 17.90% so far this year and 30.44% over the past 12 months. Over the last ten years, TRMCX has returned 11.75% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
T. Rowe Price Mid-Cap Value Fund
- 1D
- 1.61%
- 1M
- 2.99%
- YTD
- 17.90%
- 6M
- 16.49%
- 1Y
- 30.44%
- 3Y*
- 17.21%
- 5Y*
- 11.96%
- 10Y*
- 11.75%
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%
TRMCX Monthly Returns History
Based on dividend-adjusted daily data since Jun 28, 1996, TRMCX's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, an investment would double in approximately 5.7 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2009 with a return of +16.7%, while the worst month was Mar 2020 at -20.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, TRMCX closed higher 53% of trading days. The best single day was Dec 12, 2024 with a return of +13.5%, while the worst single day was Dec 13, 2024 at -12.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.22% | 4.93% | -6.25% | 8.08% | 2.45% | 2.87% | 17.90% | ||||||
| 2025 | 3.88% | -2.41% | -4.33% | -6.10% | 5.37% | 2.02% | 1.54% | 4.25% | 0.91% | -1.05% | 2.24% | 0.34% | 6.16% |
| 2024 | 0.19% | 4.61% | 6.27% | -4.66% | 3.14% | -1.26% | 5.48% | 0.73% | 1.62% | -0.30% | 6.80% | -6.53% | 16.21% |
| 2023 | 10.34% | -2.30% | -4.35% | 0.68% | -3.57% | 8.74% | 4.83% | -3.18% | -5.04% | -5.11% | 9.32% | 9.35% | 18.99% |
| 2022 | -1.25% | 2.05% | 3.75% | -5.18% | 0.87% | -10.05% | 6.38% | -2.95% | -9.22% | 10.51% | 7.56% | -4.36% | -4.16% |
| 2021 | 0.41% | 8.01% | 5.48% | 4.05% | 3.24% | -2.67% | -1.89% | -0.20% | -0.63% | 4.91% | -3.85% | 6.08% | 24.51% |
Benchmark Metrics
T. Rowe Price Mid-Cap Value Fund has an annualized alpha of 4.31%, beta of 0.83, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since June 28, 1996.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (99.08%) than losses (86.10%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 4.31% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 4.31%
- Beta
- 0.83
- R²
- 0.77
- Upside Capture
- 99.08%
- Downside Capture
- 86.10%
Expense Ratio
TRMCX has an expense ratio of 0.77%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TRMCX ranks 65 for risk / return — better than 65% 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 Mid-Cap Value Fund (TRMCX) 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.
| TRMCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 2.78 | +0.50 |
| Martin ratioReturn relative to average drawdown | 12.42 | 12.44 | -0.02 |
Dividends
Dividend History
T. Rowe Price Mid-Cap Value Fund provided a 4.60% dividend yield over the last twelve months, with an annual payout of $1.75 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.75 | $1.75 | $4.53 | $2.39 | $3.95 | $3.10 | $1.12 | $1.19 | $2.96 | $2.00 | $1.96 | $2.84 |
Dividend yield | 4.60% | 5.43% | 14.20% | 7.65% | 13.92% | 9.22% | 3.79% | 4.25% | 12.13% | 6.58% | 6.74% | 11.39% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Mid-Cap Value 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 | $1.75 | $1.75 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.53 | $4.53 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.39 | $2.39 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.95 | $3.95 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.10 | $3.10 |
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 Mid-Cap Value 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 Mid-Cap Value Fund was 55.28%, occurring on Mar 9, 2009. Recovery took 457 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.28%Mar 2009 | 1y 7mo | 1y 9mo | 3y 5moJul 2007 - Dec 2010 |
COVID crash2020 | -39.41%Mar 2020 | 2mo 6d | 7mo 22d | 9mo 28dJan 2020 - Nov 2020 |
Dot-com crash2000–2002 | -29.94%Oct 2002 | 4mo 22d | 10mo 28d | 1y 3moMay 2002 - Sep 2003 |
2025 selloff2025 | -29.60%Apr 2025 | 3mo 26d | 1y 12d | 1y 4moDec 2024 - Apr 2026 |
1998 bear market1998 | -24.86%Oct 1998 | 5mo 6d | 1y 7mo | 2y 8dMay 1998 - May 2000 |
Drawdown Indicators
| TRMCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.28% | -56.78% | +1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -9.10% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -29.60% | -18.90% | -10.70% |
Max Drawdown (5Y)Largest decline over 5 years | -29.60% | -25.43% | -4.17% |
Max Drawdown (10Y)Largest decline over 10 years | -39.41% | -33.92% | -5.49% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -10.71% | +4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.03% | +0.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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