- Issuer
- T. Rowe Price
- Inception Date
- Jun 28, 1996
- Category
- Mid Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Russell Mid Cap Value TR USD
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
TRMIX Performance Chart
T. Rowe Price Mid-Cap Value Fund Class I (TRMIX) is up 20.2% since the beginning of the year. TRMIX is currently trading at $39 per share. Investors who bought $1,000 worth of TRMIX shares 5 years ago would now be looking at an investment worth $1,806.
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Returns By Period
T. Rowe Price Mid-Cap Value Fund Class I (TRMIX) has returned 20.24% so far this year and 30.36% over the past 12 months. Over the last ten years, TRMIX has returned 11.54% per year, falling short of the S&P 500 Index benchmark, which averaged 13.29% annually.
T. Rowe Price Mid-Cap Value Fund Class I
- 1D
- -0.34%
- 1M
- 0.05%
- 6M
- 13.45%
- YTD
- 20.24%
- 1Y
- 30.36%
- 3Y*
- 15.88%
- 5Y*
- 12.55%
- 10Y*
- 11.54%
- ALL TIME*
- 11.81%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
TRMIX Monthly Returns History
Based on dividend-adjusted daily data since Sep 8, 2015, TRMIX's average daily return is +0.05%, while the average monthly return is +1.06%. At this rate, an investment would double in approximately 5.5 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +15.9%, while the worst month was Mar 2020 at -20.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, TRMIX closed higher 52% of trading days. The best single day was Dec 12, 2024 with a return of +13.7%, while the worst single day was Dec 13, 2024 at -12.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.24% | 4.95% | -6.24% | 8.10% | 2.45% | 4.68% | 0.16% | 20.24% | |||||
| 2025 | 3.89% | -2.39% | -4.34% | -6.09% | 5.38% | 2.06% | 1.51% | 4.26% | 0.94% | -1.02% | 2.24% | 0.35% | 6.31% |
| 2024 | 0.22% | 4.62% | 6.28% | -4.67% | 3.18% | -1.26% | 5.52% | 0.73% | 1.62% | -0.30% | 6.84% | -6.52% | 16.40% |
| 2023 | 10.35% | -2.31% | -4.33% | 0.65% | -3.51% | 8.75% | 4.80% | -3.16% | -5.05% | -5.08% | 9.33% | 9.36% | 19.14% |
| 2022 | -1.22% | 2.05% | 3.75% | -5.15% | 0.87% | -10.02% | 6.38% | -2.92% | -9.25% | 10.54% | 7.59% | -4.34% | -4.00% |
| 2021 | 0.44% | 8.01% | 5.49% | 4.08% | 3.24% | -2.67% | -1.86% | -0.20% | -0.63% | 4.94% | -3.85% | 6.08% | 24.66% |
Benchmark Metrics
T. Rowe Price Mid-Cap Value Fund Class I has an annualized alpha of 0.13%, beta of 0.90, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since September 08, 2015.
- This fund participated in 98.52% of S&P 500 Index downside but only 91.88% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.90 and R2 of 0.69, 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
- 0.13%
- Beta
- 0.90
- R²
- 0.69
- Upside Capture
- 91.88%
- Downside Capture
- 98.52%
Expense Ratio
TRMIX has an expense ratio of 0.71%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TRMIX ranks 83 for risk / return — above 83% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Mid-Cap Value Fund Class I (TRMIX) 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.
| TRMIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.41 | +0.65 |
| Martin ratioReturn relative to average drawdown | 11.94 | 10.22 | +1.72 |
Dividends
Dividend History
T. Rowe Price Mid-Cap Value Fund Class I provided a 4.69% dividend yield over the last twelve months, with an annual payout of $1.81 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.81 | $1.81 | $4.58 | $2.45 | $4.03 | $3.14 | $0.34 | $1.23 | $3.00 | $2.04 | $2.01 | $2.85 |
Dividend yield | 4.69% | 5.64% | 14.38% | 7.86% | 14.24% | 9.34% | 1.15% | 4.40% | 12.30% | 6.71% | 6.92% | 11.43% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Mid-Cap Value Fund Class I. 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 | $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 | $1.81 | $1.81 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.58 | $4.58 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.45 | $2.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.03 | $4.03 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.14 | $3.14 |
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 Class I. 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 Class I was 39.39%, occurring on Mar 23, 2020. Recovery took 162 trading sessions.
The current T. Rowe Price Mid-Cap Value Fund Class I drawdown is 1.23%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-39.39%Mar 2020 | 2mo 6d | 7mo 22d | 9mo 28dJan 2020 - Nov 2020 | COVID crash2020 |
-29.67%Apr 2025 | 3mo 26d | 1y 12d | 1y 4moDec 2024 - Apr 2026 | 2025 selloff2025 |
-21.33%Sep 2022 | 5mo 9d | 4mo 7d | 9mo 16dApr 2022 - Feb 2023 | Bear market2022 |
-19.00%Dec 2018 | 4mo 19d | 11mo 29d | 1y 4moAug 2018 - Dec 2019 | Rate-hike selloffLate 2018 |
-14.02%Oct 2023 | 2mo 27d | 1mo 17d | 4mo 14dAug 2023 - Dec 2023 | — |
Drawdown Indicators
| TRMIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.39% | -56.78% | +17.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -9.10% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -29.67% | -18.90% | -10.77% |
Max Drawdown (5Y)Largest decline over 5 years | -29.67% | -25.43% | -4.24% |
Max Drawdown (10Y)Largest decline over 10 years | -39.39% | -33.92% | -5.47% |
Current DrawdownCurrent decline from peak | -1.23% | -0.12% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -10.70% | +4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.14% | +0.27% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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