PEXMX vs. PEX
PEXMX (T. Rowe Price Extended Equity Market Index Fund) and PEX (ProShares Global Listed Private Equity ETF) are both funds - PEXMX is a Mid Cap Growth Equities fund managed by T. Rowe Price, while PEX is a Financials Equities fund tracking the LPX Direct Listed Private Equity Index. Over the past 10 years, PEXMX returned 11.71%/yr vs 4.91%/yr for PEX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. PEXMX charges 0.23%/yr vs 3.13%/yr for PEX.
Performance
PEXMX vs. PEX - Performance Comparison
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Returns By Period
In the year-to-date period, PEXMX achieves a 13.95% return, which is significantly higher than PEX's -6.82% return. Over the past 10 years, PEXMX has outperformed PEX with an annualized return of 11.71%, while PEX has yielded a comparatively lower 4.91% annualized return.
PEXMX
- 1D
- 1.40%
- 1M
- -2.42%
- 6M
- 9.57%
- YTD
- 13.95%
- 1Y
- 23.74%
- 3Y*
- 15.83%
- 5Y*
- 6.13%
- 10Y*
- 11.71%
- ALL TIME*
- 9.07%
PEX
- 1D
- 0.15%
- 1M
- 3.38%
- 6M
- -7.02%
- YTD
- -6.82%
- 1Y
- -10.44%
- 3Y*
- 4.37%
- 5Y*
- -0.25%
- 10Y*
- 4.91%
- ALL TIME*
- 5.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $46.71K | $56.13K | $56.35K | |
| $0.00 | $0.00 | $0.00 |
PEXMX vs. PEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEXMX T. Rowe Price Extended Equity Market Index Fund | 13.95% | 11.17% | 16.72% | 25.32% | -26.15% | 12.09% | 30.80% | 32.57% | -9.61% | 16.63% |
PEX ProShares Global Listed Private Equity ETF | -6.82% | 0.21% | 13.05% | 23.11% | -25.98% | 28.34% | -1.14% | 25.53% | -13.31% | 14.33% |
Correlation
The correlation between PEXMX and PEX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2013 | 0.61 |
The correlation between PEXMX and PEX shifts across timeframes, from 0.61 (all time) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PEXMX vs. PEX — Risk / Return Rank
PEXMX
PEX
PEXMX vs. PEX - 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 ProShares Global Listed Private Equity ETF (PEX). 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.
| PEXMX | PEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.90 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | -0.53 | +2.59 |
| Martin ratioReturn relative to average drawdown | 7.00 | -1.04 | +8.04 |
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Drawdowns
PEXMX vs. PEX - Drawdown Comparison
The maximum PEXMX drawdown since its inception was -57.82%, which is greater than PEX's maximum drawdown of -49.17%. Use the drawdown chart below to compare losses from any high point for PEXMX and PEX.
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Drawdown Indicators
| PEXMX | PEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.82% | -49.17% | -8.65% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -21.09% | +10.79% |
Max Drawdown (3Y)Largest decline over 3 years | -27.01% | -24.72% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -36.27% | -36.58% | +0.31% |
Max Drawdown (10Y)Largest decline over 10 years | -41.27% | -49.17% | +7.90% |
Current DrawdownCurrent decline from peak | -3.55% | -15.79% | +12.24% |
Average DrawdownAverage peak-to-trough decline | -13.55% | -8.34% | -5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 10.79% | -7.78% |
Volatility
PEXMX vs. PEX - Volatility Comparison
T. Rowe Price Extended Equity Market Index Fund (PEXMX) and ProShares Global Listed Private Equity ETF (PEX) have volatilities of 3.86% and 3.74%, 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
| PEXMX | PEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 3.74% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 13.36% | 13.32% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 15.89% | +2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.52% | 17.99% | +4.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 19.26% | +2.96% |
PEXMX vs. PEX - Expense Ratio Comparison
PEXMX has a 0.23% expense ratio, which is lower than PEX's 3.13% expense ratio.
Dividends
PEXMX vs. PEX - Dividend Comparison
PEXMX's dividend yield for the trailing twelve months is around 3.53%, less than PEX's 8.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEX ProShares Global Listed Private Equity ETF | 8.52% | 12.80% | 14.11% | 13.02% | 1.77% | 13.64% | 5.52% | 7.94% | 4.72% | 24.26% | 3.24% | 12.50% |
PEXMX T. Rowe Price Extended Equity Market Index Fund | 3.53% | 4.02% | 7.64% | 3.64% | 7.53% | 14.87% | 2.99% | 8.17% | 6.67% | 4.50% | 5.90% | 4.81% |
Frequently Asked Questions
PEXMX and PEX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEXMX has higher volatility (3.86%) compared to PEX (3.74%). In terms of maximum drawdown, PEXMX dropped -57.82% vs PEX's -49.17%.
PEXMX currently has the higher Sharpe Ratio (1.17 vs -0.71), 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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