PEXMX vs. IWM
Compare and contrast key facts about T. Rowe Price Extended Equity Market Index Fund (PEXMX) and iShares Russell 2000 ETF (IWM).
PEXMX is managed by T. Rowe Price. It was launched on Jan 30, 1998. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PEXMX or IWM.
Correlation
The correlation between PEXMX and IWM is 0.96, 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.
Performance
PEXMX vs. IWM - Performance Comparison
Key characteristics
PEXMX:
0.55
IWM:
0.59
PEXMX:
0.85
IWM:
0.96
PEXMX:
1.11
IWM:
1.12
PEXMX:
0.57
IWM:
0.63
PEXMX:
2.83
IWM:
3.05
PEXMX:
3.73%
IWM:
4.00%
PEXMX:
19.14%
IWM:
20.81%
PEXMX:
-57.28%
IWM:
-59.05%
PEXMX:
-13.43%
IWM:
-8.39%
Returns By Period
In the year-to-date period, PEXMX achieves a 9.96% return, which is significantly lower than IWM's 11.61% return. Over the past 10 years, PEXMX has outperformed IWM with an annualized return of 8.51%, while IWM has yielded a comparatively lower 7.71% annualized return.
PEXMX
9.96%
-11.84%
7.01%
9.89%
8.30%
8.51%
IWM
11.61%
-7.00%
10.74%
11.18%
7.23%
7.71%
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PEXMX vs. IWM - Expense Ratio Comparison
PEXMX has a 0.23% expense ratio, which is higher than IWM's 0.19% 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%.
Risk-Adjusted Performance
PEXMX vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Extended Equity Market Index Fund (PEXMX) and iShares Russell 2000 ETF (IWM). 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.
Dividends
PEXMX vs. IWM - Dividend Comparison
PEXMX has not paid dividends to shareholders, while IWM's dividend yield for the trailing twelve months is around 1.14%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEXMX T. Rowe Price Extended Equity Market Index Fund | 0.00% | 1.05% | 1.32% | 0.75% | 0.65% | 1.06% | 1.29% | 1.13% | 1.15% | 0.95% | 1.08% | 0.74% |
IWM iShares Russell 2000 ETF | 1.14% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
PEXMX vs. IWM - Drawdown Comparison
The maximum PEXMX drawdown since its inception was -57.28%, roughly equal to the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for PEXMX and IWM. For additional features, visit the drawdowns tool.
Volatility
PEXMX vs. IWM - Volatility Comparison
T. Rowe Price Extended Equity Market Index Fund (PEXMX) has a higher volatility of 8.60% compared to iShares Russell 2000 ETF (IWM) at 5.90%. This indicates that PEXMX's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.