MPMCX vs. PMEGX

Last updated Aug 1, 2026

MPMCX (BNY Mellon Mid Cap Multi-Strategy Fund) and PMEGX (T. Rowe Price Institutional Mid Cap Equity Growth Fund) are both Mid Cap Growth Equities funds. Their 0.95 correlation means they have historically moved very closely together. MPMCX charges 0.90%/yr vs 0.61%/yr for PMEGX.

Performance

MPMCX vs. PMEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Mid Cap Multi-Strategy Fund (MPMCX) and T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MPMCX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund	$0.00	$0.00	$0.00

MPMCX vs. PMEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPMCX BNY Mellon Mid Cap Multi-Strategy Fund	5.08%	3.40%	49.81%	18.30%	-18.35%	19.07%	22.87%	30.77%	-9.17%	18.68%
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 MPMCX and PMEGX is 0.80, 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.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Sep 29, 2000	0.95

The correlation between MPMCX and PMEGX shifts across timeframes, from 0.80 (1 year) to 0.95 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MPMCX vs. PMEGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MPMCX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PMEGX

PMEGX Risk / Return Rank: 10
PMEGX Sharpe Ratio Rank: 9
PMEGX Sortino Ratio Rank: 10
PMEGX Omega Ratio Rank: 9
PMEGX Calmar Ratio Rank: 10
PMEGX Martin Ratio Rank: 11

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MPMCX vs. PMEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Mid Cap Multi-Strategy Fund (MPMCX) 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.

	MPMCX	PMEGX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.31	—
Sortino ratio: Return per unit of downside risk	—	0.56	—
Omega ratio: Gain probability vs. loss probability	—	1.06	—
Calmar ratio: Return relative to maximum drawdown	—	0.41	—
Martin ratio: Return relative to average drawdown	—	1.39	—

Drawdowns

Drawdown Indicators

	MPMCX	PMEGX	Difference
Max Drawdown Largest peak-to-trough decline	—	-55.88%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.99%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.16%	—
Current Drawdown Current decline from peak	—	-6.20%	—
Average Drawdown Average peak-to-trough decline	—	-8.99%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.04%	—

Volatility

Volatility by Period

	MPMCX	PMEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.64%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.11%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.75%	—

MPMCX vs. PMEGX - Expense Ratio Comparison

MPMCX has a 0.90% expense ratio, which is higher than PMEGX's 0.61% expense ratio.

Dividends

MPMCX vs. PMEGX - Dividend Comparison

MPMCX's dividend yield for the trailing twelve months is around 531.29%, more than PMEGX's 20.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MPMCX BNY Mellon Mid Cap Multi-Strategy Fund	531.29%	558.31%	53.86%	15.92%	13.31%	13.10%	7.73%	3.36%	8.53%	4.69%	1.71%	4.78%
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

Can I hold both MPMCX and PMEGX in my portfolio?

MPMCX and PMEGX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.