PEXMX vs. PEX
Compare and contrast key facts about T. Rowe Price Extended Equity Market Index Fund (PEXMX) and ProShares Global Listed Private Equity ETF (PEX).
PEXMX is managed by T. Rowe Price. It was launched on Jan 30, 1998. PEX is a passively managed fund by ProShares that tracks the performance of the LPX Direct Listed Private Equity Index. It was launched on Feb 26, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PEXMX or PEX.
Key characteristics
| PEXMX | PEX | |
|---|---|---|
| YTD Return | 22.21% | 11.11% |
| 1Y Return | 44.35% | 24.43% |
| 3Y Return (Ann) | 1.52% | -0.27% |
| 5Y Return (Ann) | 11.64% | 5.93% |
| 10Y Return (Ann) | 9.95% | 6.69% |
| Sharpe Ratio | 2.42 | 1.96 |
| Sortino Ratio | 3.32 | 2.65 |
| Omega Ratio | 1.42 | 1.34 |
| Calmar Ratio | 1.58 | 1.21 |
| Martin Ratio | 14.10 | 12.01 |
| Ulcer Index | 3.14% | 2.04% |
| Daily Std Dev | 18.33% | 12.47% |
| Max Drawdown | -57.28% | -49.17% |
| Current Drawdown | -1.05% | -1.28% |
Correlation
The correlation between PEXMX and PEX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PEXMX vs. PEX - Performance Comparison
In the year-to-date period, PEXMX achieves a 22.21% return, which is significantly higher than PEX's 11.11% return. Over the past 10 years, PEXMX has outperformed PEX with an annualized return of 9.95%, while PEX has yielded a comparatively lower 6.69% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PEXMX vs. PEX - Expense Ratio Comparison
PEXMX has a 0.23% expense ratio, which is lower than PEX's 3.13% expense ratio.
Risk-Adjusted Performance
PEXMX vs. PEX - 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 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.
Dividends
PEXMX vs. PEX - Dividend Comparison
PEXMX's dividend yield for the trailing twelve months is around 0.86%, less than PEX's 13.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEXMX T. Rowe Price Extended Equity Market Index Fund | 0.86% | 1.05% | 1.32% | 0.75% | 0.65% | 1.06% | 1.29% | 1.13% | 1.15% | 0.95% | 1.08% | 0.74% |
PEX ProShares Global Listed Private Equity ETF | 13.76% | 13.02% | 1.77% | 13.64% | 5.52% | 7.94% | 4.72% | 24.26% | 4.32% | 12.50% | 6.28% | 9.05% |
Drawdowns
PEXMX vs. PEX - Drawdown Comparison
The maximum PEXMX drawdown since its inception was -57.28%, 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. For additional features, visit the drawdowns tool.
Volatility
PEXMX vs. PEX - Volatility Comparison
T. Rowe Price Extended Equity Market Index Fund (PEXMX) has a higher volatility of 5.99% compared to ProShares Global Listed Private Equity ETF (PEX) at 3.56%. This indicates that PEXMX's price experiences larger fluctuations and is considered to be riskier than PEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.