PEXMX vs. IMCG
Compare and contrast key facts about T. Rowe Price Extended Equity Market Index Fund (PEXMX) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
PEXMX is managed by T. Rowe Price. It was launched on Jan 30, 1998. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004.
Performance
PEXMX vs. IMCG - Performance Comparison
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PEXMX vs. IMCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEXMX T. Rowe Price Extended Equity Market Index Fund | -4.65% | 14.64% | 16.72% | 25.32% | -26.15% | 12.09% | 30.80% | 32.57% | -9.61% | 16.63% |
IMCG iShares Morningstar Mid-Cap Growth ETF | -1.19% | 6.55% | 18.14% | 20.73% | -25.79% | 15.39% | 45.64% | 35.70% | -3.68% | 25.57% |
Returns By Period
In the year-to-date period, PEXMX achieves a -4.65% return, which is significantly lower than IMCG's -1.19% return. Over the past 10 years, PEXMX has underperformed IMCG with an annualized return of 10.94%, while IMCG has yielded a comparatively higher 12.58% annualized return.
PEXMX
- 1D
- -1.01%
- 1M
- -7.83%
- YTD
- -4.65%
- 6M
- -1.56%
- 1Y
- 20.04%
- 3Y*
- 14.72%
- 5Y*
- 4.22%
- 10Y*
- 10.94%
IMCG
- 1D
- 3.63%
- 1M
- -6.39%
- YTD
- -1.19%
- 6M
- -4.39%
- 1Y
- 11.14%
- 3Y*
- 11.94%
- 5Y*
- 5.08%
- 10Y*
- 12.58%
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PEXMX vs. IMCG - Expense Ratio Comparison
PEXMX has a 0.23% expense ratio, which is higher than IMCG's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
PEXMX vs. IMCG — Risk / Return Rank
PEXMX
IMCG
PEXMX vs. IMCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Extended Equity Market Index Fund (PEXMX) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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.
| PEXMX | IMCG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 0.55 | +0.31 |
Sortino ratioReturn per unit of downside risk | 1.36 | 0.92 | +0.44 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.12 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.87 | +0.07 |
Martin ratioReturn relative to average drawdown | 3.99 | 3.61 | +0.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PEXMX | IMCG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.55 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.25 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.62 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.50 | -0.12 |
Correlation
The correlation between PEXMX and IMCG is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PEXMX vs. IMCG - Dividend Comparison
PEXMX's dividend yield for the trailing twelve months is around 7.43%, more than IMCG's 0.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEXMX T. Rowe Price Extended Equity Market Index Fund | 7.43% | 7.08% | 7.64% | 3.64% | 7.53% | 14.87% | 2.99% | 8.17% | 6.67% | 4.50% | 5.90% | 4.81% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.80% | 0.78% | 0.78% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% |
Drawdowns
PEXMX vs. IMCG - Drawdown Comparison
The maximum PEXMX drawdown since its inception was -57.82%, roughly equal to the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for PEXMX and IMCG.
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Drawdown Indicators
| PEXMX | IMCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.82% | -58.96% | +1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -14.71% | -12.99% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -36.27% | -35.08% | -1.19% |
Max Drawdown (10Y)Largest decline over 10 years | -41.27% | -35.08% | -6.19% |
Current DrawdownCurrent decline from peak | -10.30% | -6.90% | -3.40% |
Average DrawdownAverage peak-to-trough decline | -13.69% | -9.29% | -4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 3.14% | +0.94% |
Volatility
PEXMX vs. IMCG - Volatility Comparison
The current volatility for T. Rowe Price Extended Equity Market Index Fund (PEXMX) is 5.98%, while iShares Morningstar Mid-Cap Growth ETF (IMCG) has a volatility of 7.19%. This indicates that PEXMX experiences smaller price fluctuations and is considered to be less risky than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEXMX | IMCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 7.19% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 13.58% | 12.08% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 20.27% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.48% | 20.09% | +2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 20.44% | +1.76% |