FISGX vs. PMEGX
FISGX (Nuveen Mid Cap Growth Opportunities Fund) and PMEGX (T. Rowe Price Institutional Mid Cap Equity Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, FISGX returned 12.26%/yr vs 9.78%/yr for PMEGX. Their correlation of 0.93 means they have usually moved in the same direction. FISGX charges 0.92%/yr vs 0.61%/yr for PMEGX.
Performance
FISGX vs. PMEGX - Performance Comparison
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Returns By Period
In the year-to-date period, FISGX achieves a 7.45% return, which is significantly higher than PMEGX's 3.03% return. Over the past 10 years, FISGX has outperformed PMEGX with an annualized return of 12.26%, while PMEGX has yielded a comparatively lower 9.78% annualized return.
FISGX
- 1D
- 2.72%
- 1M
- -7.17%
- 6M
- 4.03%
- YTD
- 7.45%
- 1Y
- 14.67%
- 3Y*
- 10.61%
- 5Y*
- 1.32%
- 10Y*
- 12.26%
- ALL TIME*
- 10.74%
PMEGX
- 1D
- 0.47%
- 1M
- -1.53%
- 6M
- 2.67%
- YTD
- 3.03%
- 1Y
- 6.19%
- 3Y*
- 6.28%
- 5Y*
- 2.15%
- 10Y*
- 9.78%
- ALL TIME*
- 10.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FISGX vs. PMEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FISGX Nuveen Mid Cap Growth Opportunities Fund | 7.45% | 7.83% | 13.65% | 20.26% | -30.11% | 5.01% | 46.58% | 66.58% | -9.33% | 24.98% |
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 3.03% | 3.73% | 9.15% | 20.69% | -23.19% | 15.50% | 23.95% | 33.08% | -2.23% | 26.02% |
Correlation
The correlation between FISGX and PMEGX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 1996 | 0.93 |
The correlation between FISGX and PMEGX shifts across timeframes, from 0.78 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FISGX vs. PMEGX — Risk / Return Rank
FISGX
PMEGX
FISGX vs. PMEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Mid Cap Growth Opportunities Fund (FISGX) and T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| FISGX | PMEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.06 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.41 | +0.61 |
| Martin ratioReturn relative to average drawdown | 3.37 | 1.39 | +1.98 |
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Drawdowns
FISGX vs. PMEGX - Drawdown Comparison
The maximum FISGX drawdown since its inception was -57.51%, roughly equal to the maximum PMEGX drawdown of -55.88%. Use the drawdown chart below to compare losses from any high point for FISGX and PMEGX.
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Drawdown Indicators
| FISGX | PMEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.51% | -55.88% | -1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.33% | -10.21% | -2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -28.16% | -27.99% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -43.30% | -32.87% | -10.43% |
Max Drawdown (10Y)Largest decline over 10 years | -43.30% | -37.16% | -6.14% |
Current DrawdownCurrent decline from peak | -9.94% | -6.20% | -3.74% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -8.99% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 3.04% | +0.69% |
Volatility
FISGX vs. PMEGX - Volatility Comparison
Nuveen Mid Cap Growth Opportunities Fund (FISGX) has a higher volatility of 6.49% compared to T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) at 2.50%. This indicates that FISGX's price experiences larger fluctuations and is considered to be riskier than PMEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FISGX | PMEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 2.50% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 17.03% | 10.49% | +6.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 13.64% | +7.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.76% | 20.11% | +3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.10% | 19.75% | +4.35% |
FISGX vs. PMEGX - Expense Ratio Comparison
FISGX has a 0.92% expense ratio, which is higher than PMEGX's 0.61% expense ratio.
Dividends
FISGX vs. PMEGX - Dividend Comparison
FISGX's dividend yield for the trailing twelve months is around 7.77%, less than PMEGX's 20.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FISGX Nuveen Mid Cap Growth Opportunities Fund | 7.77% | 8.35% | 0.00% | 0.00% | 0.00% | 23.94% | 9.97% | 38.61% | 19.12% | 17.17% | 4.01% | 7.82% |
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 20.48% | 21.10% | 14.15% | 7.07% | 1.65% | 12.80% | 4.44% | 5.11% | 10.42% | 6.30% | 1.04% | 6.18% |
Frequently Asked Questions
FISGX and PMEGX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FISGX has higher volatility (6.49%) compared to PMEGX (2.50%). In terms of maximum drawdown, FISGX dropped -57.51% vs PMEGX's -55.88%.
FISGX currently has the higher Sharpe Ratio (0.60 vs 0.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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