MXMGX vs. PMEGX
MXMGX (Great-West T. Rowe Price Mid Cap Growth Fund) and PMEGX (T. Rowe Price Institutional Mid Cap Equity Growth Fund) are both Mid Cap Growth Equities funds from T. Rowe Price. Over the past 10 years, MXMGX returned 8.77%/yr vs 9.86%/yr for PMEGX. Their correlation of 0.94 means they have usually moved in the same direction. MXMGX charges 1.02%/yr vs 0.61%/yr for PMEGX.
Performance
MXMGX vs. PMEGX - Performance Comparison
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Returns By Period
In the year-to-date period, MXMGX achieves a 3.41% return, which is significantly lower than PMEGX's 4.05% return. Over the past 10 years, MXMGX has underperformed PMEGX with an annualized return of 8.77%, while PMEGX has yielded a comparatively higher 9.86% annualized return.
MXMGX
- 1D
- 1.31%
- 1M
- -0.75%
- 6M
- 3.60%
- YTD
- 3.41%
- 1Y
- 4.53%
- 3Y*
- 6.84%
- 5Y*
- 1.88%
- 10Y*
- 8.77%
- ALL TIME*
- 5.93%
PMEGX
- 1D
- 1.32%
- 1M
- -0.55%
- 6M
- 4.15%
- YTD
- 4.05%
- 1Y
- 5.48%
- 3Y*
- 7.54%
- 5Y*
- 2.30%
- 10Y*
- 9.86%
- ALL TIME*
- 10.84%
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 |
MXMGX vs. PMEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXMGX Great-West T. Rowe Price Mid Cap Growth Fund | 3.41% | 2.99% | 9.02% | 19.61% | -22.82% | 15.25% | 23.65% | 31.28% | -2.80% | 23.89% |
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 4.05% | 3.73% | 9.15% | 20.69% | -23.19% | 15.50% | 23.95% | 33.08% | -2.23% | 26.02% |
Correlation
The correlation between MXMGX and PMEGX is 0.95, 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. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1997 | 0.94 |
The correlation between MXMGX and PMEGX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
MXMGX vs. PMEGX — Risk / Return Rank
MXMGX
PMEGX
MXMGX vs. PMEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West T. Rowe Price Mid Cap Growth Fund (MXMGX) 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.
| MXMGX | PMEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.10 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 0.71 | -0.22 |
| Martin ratioReturn relative to average drawdown | 1.63 | 2.39 | -0.76 |
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Drawdowns
MXMGX vs. PMEGX - Drawdown Comparison
The maximum MXMGX drawdown since its inception was -60.97%, which is greater than PMEGX's maximum drawdown of -55.88%. Use the drawdown chart below to compare losses from any high point for MXMGX and PMEGX.
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Drawdown Indicators
| MXMGX | PMEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.97% | -55.88% | -5.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.29% | -10.21% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -27.99% | +4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -32.33% | -32.87% | +0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -35.88% | -37.16% | +1.28% |
Current DrawdownCurrent decline from peak | -1.18% | -5.27% | +4.09% |
Average DrawdownAverage peak-to-trough decline | -11.74% | -8.99% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 3.03% | +0.06% |
Volatility
MXMGX vs. PMEGX - Volatility Comparison
Great-West T. Rowe Price Mid Cap Growth Fund (MXMGX) and T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) have volatilities of 2.89% and 2.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXMGX | PMEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 2.86% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.56% | 10.51% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.63% | 13.66% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 20.12% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 19.76% | -0.86% |
MXMGX vs. PMEGX - Expense Ratio Comparison
MXMGX has a 1.02% expense ratio, which is higher than PMEGX's 0.61% expense ratio.
Dividends
MXMGX vs. PMEGX - Dividend Comparison
MXMGX's dividend yield for the trailing twelve months is around 1.63%, less than PMEGX's 20.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXMGX Great-West T. Rowe Price Mid Cap Growth Fund | 1.63% | 1.68% | 3.66% | 2.39% | 2.66% | 4.92% | 2.74% | 2.19% | 6.13% | 4.53% | 0.00% | 0.00% |
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 20.28% | 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
With a correlation of 0.95, MXMGX and PMEGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MXMGX has higher volatility (2.89%) compared to PMEGX (2.86%). In terms of maximum drawdown, MXMGX dropped -60.97% vs PMEGX's -55.88%.
PMEGX currently has the higher Sharpe Ratio (0.53 vs 0.37), 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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