PMEGX vs. FXAIX
Compare and contrast key facts about T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) and Fidelity 500 Index Fund (FXAIX).
PMEGX is managed by T. Rowe Price. It was launched on Jul 31, 1996. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMEGX or FXAIX.
Performance
PMEGX vs. FXAIX - Performance Comparison
Returns By Period
In the year-to-date period, PMEGX achieves a 10.97% return, which is significantly lower than FXAIX's 25.57% return. Over the past 10 years, PMEGX has underperformed FXAIX with an annualized return of 5.35%, while FXAIX has yielded a comparatively higher 13.04% annualized return.
PMEGX
10.97%
0.55%
4.57%
13.56%
4.39%
5.35%
FXAIX
25.57%
1.18%
12.23%
32.20%
15.59%
13.04%
Key characteristics
| PMEGX | FXAIX | |
|---|---|---|
| Sharpe Ratio | 0.96 | 2.61 |
| Sortino Ratio | 1.30 | 3.49 |
| Omega Ratio | 1.18 | 1.49 |
| Calmar Ratio | 0.47 | 3.78 |
| Martin Ratio | 3.88 | 17.01 |
| Ulcer Index | 3.60% | 1.88% |
| Daily Std Dev | 14.62% | 12.24% |
| Max Drawdown | -60.81% | -33.79% |
| Current Drawdown | -19.53% | -1.35% |
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PMEGX vs. FXAIX - Expense Ratio Comparison
PMEGX has a 0.61% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Correlation
The correlation between PMEGX and FXAIX is 0.90, 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.
Risk-Adjusted Performance
PMEGX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) and Fidelity 500 Index Fund (FXAIX). 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
PMEGX vs. FXAIX - Dividend Comparison
PMEGX's dividend yield for the trailing twelve months is around 0.15%, less than FXAIX's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 0.15% | 0.17% | 0.00% | 0.00% | 8.94% | 0.31% | 0.27% | 0.13% | 0.20% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.23% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
PMEGX vs. FXAIX - Drawdown Comparison
The maximum PMEGX drawdown since its inception was -60.81%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for PMEGX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
PMEGX vs. FXAIX - Volatility Comparison
T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 4.26% and 4.06%, 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.