PMEGX vs. FAMVX
PMEGX (T. Rowe Price Institutional Mid Cap Equity Growth Fund) and FAMVX (FAM Value Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, PMEGX returned 9.86%/yr vs 10.52%/yr for FAMVX. Their correlation of 0.85 means they have usually moved in the same direction. PMEGX charges 0.61%/yr vs 1.19%/yr for FAMVX.
Performance
PMEGX vs. FAMVX - Performance Comparison
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Returns By Period
In the year-to-date period, PMEGX achieves a 2.70% return, which is significantly lower than FAMVX's 8.68% return. Over the past 10 years, PMEGX has underperformed FAMVX with an annualized return of 9.86%, while FAMVX has yielded a comparatively higher 10.52% annualized return.
PMEGX
- 1D
- -0.32%
- 1M
- -1.84%
- 6M
- 1.64%
- YTD
- 2.70%
- 1Y
- 5.85%
- 3Y*
- 6.28%
- 5Y*
- 2.09%
- 10Y*
- 9.86%
- ALL TIME*
- 10.79%
FAMVX
- 1D
- -0.11%
- 1M
- 0.56%
- 6M
- 5.29%
- YTD
- 8.68%
- 1Y
- 11.90%
- 3Y*
- 11.91%
- 5Y*
- 7.07%
- 10Y*
- 10.52%
- ALL TIME*
- 9.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FAMVX FAM Value Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
PMEGX vs. FAMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 2.70% | 3.73% | 9.15% | 20.69% | -23.19% | 15.50% | 23.95% | 33.08% | -2.23% | 26.02% |
FAMVX FAM Value Fund | 8.68% | 4.90% | 15.51% | 16.09% | -14.06% | 25.65% | 6.81% | 30.31% | -6.15% | 17.34% |
Correlation
The correlation between PMEGX and FAMVX is 0.81, 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. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 1996 | 0.85 |
The correlation between PMEGX and FAMVX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
PMEGX vs. FAMVX — Risk / Return Rank
PMEGX
FAMVX
PMEGX vs. FAMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) and FAM Value Fund (FAMVX). 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.
| PMEGX | FAMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.13 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 1.08 | -0.64 |
| Martin ratioReturn relative to average drawdown | 1.49 | 3.30 | -1.81 |
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Drawdowns
PMEGX vs. FAMVX - Drawdown Comparison
The maximum PMEGX drawdown since its inception was -55.88%, which is greater than FAMVX's maximum drawdown of -51.12%. Use the drawdown chart below to compare losses from any high point for PMEGX and FAMVX.
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Drawdown Indicators
| PMEGX | FAMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.88% | -51.12% | -4.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.21% | -9.47% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -27.99% | -16.74% | -11.25% |
Max Drawdown (5Y)Largest decline over 5 years | -32.87% | -22.77% | -10.10% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -37.73% | +0.57% |
Current DrawdownCurrent decline from peak | -6.50% | -1.11% | -5.39% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -6.40% | -2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 3.10% | -0.06% |
Volatility
PMEGX vs. FAMVX - Volatility Comparison
The current volatility for T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) is 2.51%, while FAM Value Fund (FAMVX) has a volatility of 3.48%. This indicates that PMEGX experiences smaller price fluctuations and is considered to be less risky than FAMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMEGX | FAMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 3.48% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 10.60% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.64% | 13.91% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.10% | 17.13% | +2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.75% | 18.19% | +1.56% |
PMEGX vs. FAMVX - Expense Ratio Comparison
PMEGX has a 0.61% expense ratio, which is lower than FAMVX's 1.19% expense ratio.
Dividends
PMEGX vs. FAMVX - Dividend Comparison
PMEGX's dividend yield for the trailing twelve months is around 20.54%, more than FAMVX's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAMVX FAM Value Fund | 4.51% | 4.90% | 6.28% | 5.01% | 3.67% | 4.99% | 3.69% | 6.80% | 4.09% | 5.06% | 5.21% | 9.06% |
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 20.54% | 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
PMEGX and FAMVX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAMVX has higher volatility (3.48%) compared to PMEGX (2.51%). In terms of maximum drawdown, PMEGX dropped -55.88% vs FAMVX's -51.12%.
FAMVX currently has the higher Sharpe Ratio (0.74 vs 0.33), 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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