IAXIX vs. SMCWX
IAXIX (VY T. Rowe Price Diversified Mid Cap Growth Portfolio) and SMCWX (American Funds SMALLCAP World Fund Class A) are both mutual funds - IAXIX is a Mid Cap Growth Equities fund managed by T. Rowe Price, while SMCWX is a Foreign Small & Mid Cap Equities fund managed by American Funds. Over the past 10 years, IAXIX returned 12.41%/yr vs 9.44%/yr for SMCWX. Their correlation of 0.89 means they have usually moved in the same direction. IAXIX charges 0.78%/yr vs 1.02%/yr for SMCWX.
Performance
IAXIX vs. SMCWX - Performance Comparison
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Returns By Period
In the year-to-date period, IAXIX achieves a 2.00% return, which is significantly lower than SMCWX's 10.34% return. Over the past 10 years, IAXIX has outperformed SMCWX with an annualized return of 12.41%, while SMCWX has yielded a comparatively lower 9.44% annualized return.
IAXIX
- 1D
- -0.27%
- 1M
- -3.86%
- 6M
- 1.72%
- YTD
- 2.00%
- 1Y
- -0.72%
- 3Y*
- 12.70%
- 5Y*
- 5.34%
- 10Y*
- 12.41%
- ALL TIME*
- 9.55%
SMCWX
- 1D
- 0.32%
- 1M
- -4.10%
- 6M
- 5.92%
- YTD
- 10.34%
- 1Y
- 18.43%
- 3Y*
- 9.92%
- 5Y*
- 1.23%
- 10Y*
- 9.44%
- ALL TIME*
- 9.39%
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 |
IAXIX vs. SMCWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAXIX VY T. Rowe Price Diversified Mid Cap Growth Portfolio | 2.00% | 10.02% | 23.56% | 20.96% | -24.03% | 13.90% | 31.84% | 37.03% | -3.25% | 24.82% |
SMCWX American Funds SMALLCAP World Fund Class A | 10.34% | 14.07% | 2.33% | 18.86% | -29.90% | 10.14% | 37.46% | 30.79% | -9.75% | 26.85% |
Correlation
The correlation between IAXIX and SMCWX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2001 | 0.89 |
The correlation between IAXIX and SMCWX has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
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Return for Risk
IAXIX vs. SMCWX — Risk / Return Rank
IAXIX
SMCWX
IAXIX vs. SMCWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VY T. Rowe Price Diversified Mid Cap Growth Portfolio (IAXIX) and American Funds SMALLCAP World Fund Class A (SMCWX). 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.
| IAXIX | SMCWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.18 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.48 | -1.54 |
| Martin ratioReturn relative to average drawdown | -0.16 | 5.33 | -5.49 |
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Drawdowns
IAXIX vs. SMCWX - Drawdown Comparison
The maximum IAXIX drawdown since its inception was -57.55%, smaller than the maximum SMCWX drawdown of -62.46%. Use the drawdown chart below to compare losses from any high point for IAXIX and SMCWX.
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Drawdown Indicators
| IAXIX | SMCWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.55% | -62.46% | +4.91% |
Max Drawdown (1Y)Largest decline over 1 year | -14.20% | -11.83% | -2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -25.22% | -21.40% | -3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -35.55% | -39.79% | +4.24% |
Max Drawdown (10Y)Largest decline over 10 years | -35.92% | -39.79% | +3.87% |
Current DrawdownCurrent decline from peak | -6.11% | -5.98% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -14.86% | +5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 3.28% | +1.39% |
Volatility
IAXIX vs. SMCWX - Volatility Comparison
The current volatility for VY T. Rowe Price Diversified Mid Cap Growth Portfolio (IAXIX) is 5.23%, while American Funds SMALLCAP World Fund Class A (SMCWX) has a volatility of 5.87%. This indicates that IAXIX experiences smaller price fluctuations and is considered to be less risky than SMCWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAXIX | SMCWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 5.87% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 14.97% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.48% | 17.64% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.72% | 18.52% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.62% | 17.94% | +3.68% |
IAXIX vs. SMCWX - Expense Ratio Comparison
IAXIX has a 0.78% expense ratio, which is lower than SMCWX's 1.02% expense ratio.
Dividends
IAXIX vs. SMCWX - Dividend Comparison
IAXIX's dividend yield for the trailing twelve months is around 14.53%, more than SMCWX's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAXIX VY T. Rowe Price Diversified Mid Cap Growth Portfolio | 14.53% | 14.82% | 10.16% | 0.13% | 33.01% | 16.53% | 7.02% | 10.49% | 11.65% | 7.56% | 13.36% | 17.67% |
SMCWX American Funds SMALLCAP World Fund Class A | 4.36% | 4.84% | 0.60% | 0.64% | 0.00% | 9.24% | 1.60% | 4.24% | 7.06% | 4.48% | 0.35% | 6.49% |
Frequently Asked Questions
IAXIX and SMCWX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCWX has higher volatility (5.87%) compared to IAXIX (5.23%). In terms of maximum drawdown, IAXIX dropped -57.55% vs SMCWX's -62.46%.
SMCWX currently has the higher Sharpe Ratio (1.00 vs -0.04), 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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