- ISIN
- US45775L3096
- Issuer
- T. Rowe Price
- Inception Date
- Mar 31, 2000
- Category
- Small Cap Growth Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
TRSSX Performance Chart
T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) is up 10.4% since the beginning of the year. TRSSX is currently trading at $27 per share. Investors who bought $1,000 worth of TRSSX shares 5 years ago would now be looking at an investment worth $1,254.
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Returns By Period
T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) has returned 10.38% so far this year and 21.79% over the past 12 months. Over the last ten years, TRSSX has returned 11.49% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
T. Rowe Price Institutional Small Cap Stock Fund
- 1D
- -1.28%
- 1M
- 0.86%
- YTD
- 10.38%
- 6M
- 9.45%
- 1Y
- 21.79%
- 3Y*
- 14.21%
- 5Y*
- 4.63%
- 10Y*
- 11.49%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.68%
- YTD
- 11.16%
- 6M
- 11.10%
- 1Y
- 27.46%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
TRSSX Monthly Returns History
Based on dividend-adjusted daily data since Mar 31, 2000, TRSSX's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +16.3%, while the worst month was Oct 2008 at -20.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, TRSSX closed higher 52% of trading days. The best single day was Dec 18, 2024 with a return of +14.1%, while the worst single day was Dec 19, 2024 at -16.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.01% | 1.42% | -6.35% | 8.07% | 1.79% | -1.28% | 10.38% | ||||||
| 2025 | 4.26% | -6.67% | -3.26% | -1.28% | 3.89% | 3.91% | 0.48% | 4.59% | 1.45% | -0.19% | 2.00% | -0.62% | 8.21% |
| 2024 | -2.40% | 4.73% | 3.31% | -6.76% | 3.20% | -0.85% | 6.86% | 0.84% | 1.42% | -1.02% | 10.34% | -7.74% | 10.93% |
| 2023 | 9.50% | -1.68% | -3.93% | -0.89% | -1.63% | 7.93% | 4.69% | -4.26% | -5.95% | -5.10% | 8.94% | 10.92% | 17.65% |
| 2022 | -10.65% | 0.37% | -1.05% | -8.64% | -1.05% | -6.22% | 9.27% | -2.78% | -7.92% | 8.56% | 2.36% | -6.26% | -23.36% |
| 2021 | 0.75% | 5.58% | 2.03% | 4.00% | -1.36% | 2.67% | -0.74% | 1.96% | -2.34% | 4.77% | -3.56% | 2.34% | 16.81% |
Benchmark Metrics
T. Rowe Price Institutional Small Cap Stock Fund has an annualized alpha of 4.24%, beta of 1.01, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since April 03, 2000.
- This fund captured 118.34% of S&P 500 Index gains but only 99.74% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 4.24% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.01 and R2 of 0.76, 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
- 4.24%
- Beta
- 1.01
- R²
- 0.76
- Upside Capture
- 118.34%
- Downside Capture
- 99.74%
Expense Ratio
TRSSX has an expense ratio of 0.66%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TRSSX ranks 29 for risk / return — below 29% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) and compare them to S&P 500 Index.
| TRSSX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 2.39 | -1.01 |
Sortino ratioReturn per unit of downside risk | 2.08 | 3.25 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 3.11 | -0.82 |
Martin ratioReturn relative to average drawdown | 8.73 | 14.38 | -5.65 |
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 Institutional Small Cap Stock Fund provided a 9.57% dividend yield over the last twelve months, with an annual payout of $2.58 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.58 | $2.58 | $4.88 | $1.45 | $1.28 | $2.80 | $1.39 | $1.57 | $2.73 | $1.55 | $0.18 | $1.31 |
Dividend yield | 9.57% | 10.57% | 19.63% | 5.45% | 5.37% | 8.52% | 4.54% | 6.13% | 13.45% | 6.53% | 0.80% | 7.07% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $2.58 | $2.58 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.88 | $4.88 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.45 | $1.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.28 | $1.28 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.80 | $2.80 |
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 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 56.38%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.
The current T. Rowe Price Institutional Small Cap Stock Fund drawdown is 2.15%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -56.38%Mar 2009 | 1y 9mo | 1y 8mo | 3y 5moJun 2007 - Nov 2010 |
COVID crash2020 | -37.85%Mar 2020 | 1mo 4d | 6mo 16d | 7mo 20dFeb 2020 - Oct 2020 |
Dot-com crash2000–2002 | -32.64%Oct 2002 | 5mo 25d | 1y 20d | 1y 6moApr 2002 - Oct 2003 |
Bear market2022 | -32.12%Jun 2022 | 7mo 1d | 2y 4mo | 2y 12moNov 2021 - Nov 2024 |
2025 selloff2025 | -30.88%Apr 2025 | 3mo 20d | 1y 9d | 1y 3moDec 2024 - Apr 2026 |
Drawdown Indicators
| TRSSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.38% | -56.78% | +0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -9.10% | -1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -30.88% | -18.90% | -11.98% |
Max Drawdown (5Y)Largest decline over 5 years | -32.12% | -25.43% | -6.69% |
Max Drawdown (10Y)Largest decline over 10 years | -37.85% | -33.92% | -3.93% |
Current DrawdownCurrent decline from peak | -2.15% | 0.00% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -9.00% | -10.72% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 1.97% | +0.83% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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