MEIFX vs. PRGFX

Last updated Jun 23, 2026

MEIFX (Meridian Enhanced Equity Fund) and PRGFX (T. Rowe Price Growth Stock Fund) are both Large Cap Growth Equities funds. Over the past 10 years, MEIFX returned 14.04%/yr vs 15.92%/yr for PRGFX. A 0.79 correlation means they provide meaningful diversification when combined. MEIFX charges 1.20%/yr vs 0.63%/yr for PRGFX.

Performance

MEIFX vs. PRGFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Meridian Enhanced Equity Fund (MEIFX) and T. Rowe Price Growth Stock Fund (PRGFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEIFX achieves a 4.28% return, which is significantly higher than PRGFX's 3.52% return. Over the past 10 years, MEIFX has underperformed PRGFX with an annualized return of 14.04%, while PRGFX has yielded a comparatively higher 15.92% annualized return.

MEIFX

• 1D: 0.59%
• 1M: 0.22%
• YTD: 4.28%
• 6M: 4.20%
• 1Y: 8.11%
• 3Y*: 10.93%
• 5Y*: 6.26%
• 10Y*: 14.04%

PRGFX

• 1D: 1.71%
• 1M: -0.72%
• YTD: 3.52%
• 6M: 2.95%
• 1Y: 19.83%
• 3Y*: 22.66%
• 5Y*: 8.90%
• 10Y*: 15.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MEIFX vs. PRGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEIFX Meridian Enhanced Equity Fund	4.28%	6.51%	13.19%	18.96%	-16.43%	15.15%	26.18%	44.95%	-0.51%	27.94%
PRGFX T. Rowe Price Growth Stock Fund	3.52%	15.64%	38.36%	45.33%	-40.12%	19.86%	36.92%	30.83%	-1.04%	33.57%

Correlation

The correlation between MEIFX and PRGFX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Feb 2, 2005	0.79

Over the past year, the correlation between MEIFX and PRGFX has dropped to 0.41 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

Return for Risk

MEIFX vs. PRGFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MEIFX

MEIFX Risk / Return Rank: 16
MEIFX Sharpe Ratio Rank: 11
MEIFX Sortino Ratio Rank: 11
MEIFX Omega Ratio Rank: 10
MEIFX Calmar Ratio Rank: 25
MEIFX Martin Ratio Rank: 24

PRGFX

PRGFX Risk / Return Rank: 16
PRGFX Sharpe Ratio Rank: 19
PRGFX Sortino Ratio Rank: 17
PRGFX Omega Ratio Rank: 17
PRGFX Calmar Ratio Rank: 12
PRGFX Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MEIFX vs. PRGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Meridian Enhanced Equity Fund (MEIFX) and T. Rowe Price Growth Stock Fund (PRGFX). 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.

	MEIFX	PRGFX	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.15	-0.29
Sortino ratio: Return per unit of downside risk	1.26	1.63	-0.37
Omega ratio: Gain probability vs. loss probability	1.15	1.21	-0.06
Calmar ratio: Return relative to maximum drawdown	1.73	1.07	+0.67
Martin ratio: Return relative to average drawdown	5.42	3.36	+2.07

MEIFX vs. PRGFX - Sharpe Ratio Comparison

The current MEIFX Sharpe Ratio is 0.86, which is comparable to the PRGFX Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of MEIFX and PRGFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MEIFX vs. PRGFX - Drawdown Comparison

The maximum MEIFX drawdown since its inception was -54.37%, roughly equal to the maximum PRGFX drawdown of -54.01%. Use the drawdown chart below to compare losses from any high point for MEIFX and PRGFX.

Drawdown Indicators

	MEIFX	PRGFX	Difference
Max Drawdown Largest peak-to-trough decline	-54.37%	-54.01%	-0.36%
Max Drawdown (1Y) Largest decline over 1 year	-4.80%	-18.02%	+13.22%
Max Drawdown (3Y) Largest decline over 3 years	-19.30%	-22.69%	+3.39%
Max Drawdown (5Y) Largest decline over 5 years	-23.54%	-46.44%	+22.90%
Max Drawdown (10Y) Largest decline over 10 years	-28.67%	-46.44%	+17.77%
Current Drawdown Current decline from peak	-1.89%	-3.65%	+1.76%
Average Drawdown Average peak-to-trough decline	-7.71%	-10.67%	+2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	5.72%	-4.20%

Volatility

MEIFX vs. PRGFX - Volatility Comparison

The current volatility for Meridian Enhanced Equity Fund (MEIFX) is 4.16%, while T. Rowe Price Growth Stock Fund (PRGFX) has a volatility of 6.30%. This indicates that MEIFX experiences smaller price fluctuations and is considered to be less risky than PRGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEIFX	PRGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	6.30%	-2.14%
Volatility (6M) Calculated over the trailing 6-month period	6.91%	13.08%	-6.17%
Volatility (1Y) Calculated over the trailing 1-year period	9.67%	16.69%	-7.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.97%	23.18%	-7.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	22.16%	-4.20%

MEIFX vs. PRGFX - Expense Ratio Comparison

MEIFX has a 1.20% expense ratio, which is higher than PRGFX's 0.63% expense ratio.

Dividends

MEIFX vs. PRGFX - Dividend Comparison

MEIFX's dividend yield for the trailing twelve months is around 6.95%, less than PRGFX's 13.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MEIFX Meridian Enhanced Equity Fund	6.95%	7.25%	14.61%	0.61%	9.28%	25.44%	13.26%	40.49%	11.67%	1.18%	0.78%	4.24%
PRGFX T. Rowe Price Growth Stock Fund	13.12%	13.58%	13.26%	3.34%	3.55%	9.34%	3.51%	1.81%	9.09%	13.57%	2.22%	7.23%

Frequently Asked Questions

Can I hold both MEIFX and PRGFX in my portfolio?

MEIFX and PRGFX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MEIFX or PRGFX?

PRGFX has higher volatility (6.30%) compared to MEIFX (4.16%). In terms of maximum drawdown, MEIFX dropped -54.37% vs PRGFX's -54.01%.

Which has better risk-adjusted returns?

PRGFX currently has the higher Sharpe Ratio (1.15 vs 0.86), 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.