T. Rowe Price Institutional Small Cap Stock Fund (TRSSX)
The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in stocks of small companies. The advisor defines a small company as one whose market capitalization falls (i) within or below the current range of companies in either the Russell 2000 Index or the S&P SmallCap 600 Index or (ii) below the three-year average maximum market cap of companies in either index as of December 31 of the three preceding years. While most assets will typically be invested in U.S. common stocks, the fund may invest in foreign stocks in keeping with its objectives.
Fund Info
US45775L3096
Mar 31, 2000
$1,000,000
Small-Cap
Growth
Expense Ratio
TRSSX has an expense ratio of 0.66%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Institutional Small Cap Stock Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price Institutional Small Cap Stock Fund had a return of -7.48% year-to-date (YTD) and -13.05% in the last 12 months. Over the past 10 years, T. Rowe Price Institutional Small Cap Stock Fund had an annualized return of 1.11%, while the S&P 500 had an annualized return of 10.05%, indicating that T. Rowe Price Institutional Small Cap Stock Fund did not perform as well as the benchmark.
TRSSX
-7.48%
-5.11%
-20.65%
-13.05%
2.63%
1.11%
^GSPC (Benchmark)
-6.75%
-5.05%
-5.60%
8.15%
14.14%
10.05%
Monthly Returns
The table below presents the monthly returns of TRSSX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.53% | -2.55% | -5.79% | -1.71% | -7.48% | ||||||||
| 2024 | -2.40% | 4.73% | 3.31% | -6.76% | 3.20% | -0.85% | 6.86% | 0.84% | 1.42% | -1.02% | 10.34% | -21.85% | -6.03% |
| 2023 | 9.50% | -1.68% | -3.93% | -0.89% | -1.63% | 7.93% | 4.69% | -4.26% | -5.95% | -5.10% | 8.94% | 5.50% | 11.90% |
| 2022 | -10.65% | 0.37% | -1.05% | -8.64% | -1.05% | -6.22% | 9.27% | -2.78% | -7.92% | 8.56% | 2.36% | -10.83% | -27.09% |
| 2021 | 0.75% | 5.58% | 2.03% | 4.00% | -1.36% | 2.67% | -0.74% | 1.96% | -2.34% | 4.77% | -3.56% | -5.95% | 7.35% |
| 2020 | -1.56% | -7.38% | -19.10% | 14.88% | 6.59% | 2.42% | 5.02% | 4.58% | -1.38% | 3.59% | 12.57% | 2.50% | 19.75% |
| 2019 | 10.69% | 6.68% | -0.42% | 3.18% | -4.51% | 7.40% | 1.74% | -2.37% | 0.84% | 1.78% | 3.57% | -3.83% | 26.34% |
| 2018 | 2.78% | -2.71% | 1.94% | -0.12% | 5.34% | 1.38% | 1.94% | 6.09% | -1.72% | -8.50% | 2.15% | -20.59% | -14.23% |
| 2017 | 1.32% | 2.43% | -0.18% | 1.46% | -1.52% | 2.52% | 0.60% | -0.21% | 4.85% | 1.27% | 2.30% | -6.06% | 8.70% |
| 2016 | -7.88% | 0.23% | 8.12% | 1.67% | 2.07% | 0.57% | 4.87% | 1.58% | -0.34% | -3.56% | 9.76% | 1.10% | 18.39% |
| 2015 | -2.93% | 5.58% | 1.57% | -3.10% | 1.45% | 0.91% | -0.57% | -5.52% | -4.78% | 6.40% | 2.98% | -10.21% | -9.11% |
| 2014 | -2.27% | 5.00% | -0.48% | -3.91% | 0.60% | 5.70% | -6.05% | 4.53% | -4.24% | 6.09% | 0.52% | -3.07% | 1.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TRSSX is 7, meaning it’s performing worse than 93% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Institutional Small Cap Stock Fund provided a 0.78% dividend yield over the last twelve months, with an annual payout of $0.18 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.18 | $0.18 | $0.12 | $0.05 | $0.02 | $0.05 | $0.04 | $0.05 | $0.08 | $0.06 | $0.08 | $0.07 |
Dividend yield | 0.78% | 0.72% | 0.44% | 0.23% | 0.06% | 0.16% | 0.16% | 0.25% | 0.34% | 0.27% | 0.43% | 0.34% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Institutional Small Cap Stock 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2024 | $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 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2014 | $0.07 | $0.07 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Institutional Small Cap Stock 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 Institutional Small Cap Stock Fund was 65.07%, occurring on Mar 9, 2009. Recovery took 541 trading sessions.
The current T. Rowe Price Institutional Small Cap Stock Fund drawdown is 38.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -65.07% | May 8, 2006 | 711 | Mar 9, 2009 | 541 | Apr 29, 2011 | 1252 |
| -45.36% | Nov 17, 2021 | 850 | Apr 8, 2025 | — | — | — |
| -40.91% | Sep 4, 2018 | 390 | Mar 23, 2020 | 150 | Oct 23, 2020 | 540 |
| -32.64% | Apr 17, 2002 | 122 | Oct 9, 2002 | 265 | Oct 29, 2003 | 387 |
| -27.67% | Jul 8, 2011 | 61 | Oct 3, 2011 | 238 | Sep 13, 2012 | 299 |
Volatility
Volatility Chart
The current T. Rowe Price Institutional Small Cap Stock Fund volatility is 13.77%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.