PMEGX vs. MXMGX
PMEGX (T. Rowe Price Institutional Mid Cap Equity Growth Fund) and MXMGX (Great-West T. Rowe Price Mid Cap Growth Fund) are both Mid Cap Growth Equities funds from T. Rowe Price. Over the past 10 years, PMEGX returned 9.86%/yr vs 8.76%/yr for MXMGX. Their correlation of 0.94 means they have usually moved in the same direction. PMEGX charges 0.61%/yr vs 1.02%/yr for MXMGX.
Performance
PMEGX vs. MXMGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PMEGX achieves a 2.70% return, which is significantly higher than MXMGX's 2.07% return. Over the past 10 years, PMEGX has outperformed MXMGX with an annualized return of 9.86%, while MXMGX has yielded a comparatively lower 8.76% 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%
MXMGX
- 1D
- -0.31%
- 1M
- -2.04%
- 6M
- 1.09%
- YTD
- 2.07%
- 1Y
- 3.63%
- 3Y*
- 5.59%
- 5Y*
- 1.67%
- 10Y*
- 8.76%
- ALL TIME*
- 5.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PMEGX vs. MXMGX - 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% |
MXMGX Great-West T. Rowe Price Mid Cap Growth Fund | 2.07% | 2.99% | 9.02% | 19.61% | -22.82% | 15.25% | 23.65% | 31.28% | -2.80% | 23.89% |
Correlation
The correlation between PMEGX and MXMGX is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1997 | 0.94 |
The correlation between PMEGX and MXMGX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PMEGX vs. MXMGX — Risk / Return Rank
PMEGX
MXMGX
PMEGX vs. MXMGX - 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 Great-West T. Rowe Price Mid Cap Growth Fund (MXMGX). 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 | MXMGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.06 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.36 | +0.09 |
| Martin ratioReturn relative to average drawdown | 1.49 | 1.19 | +0.30 |
Loading charts...
Drawdowns
PMEGX vs. MXMGX - Drawdown Comparison
The maximum PMEGX drawdown since its inception was -55.88%, smaller than the maximum MXMGX drawdown of -60.97%. Use the drawdown chart below to compare losses from any high point for PMEGX and MXMGX.
Loading charts...
Drawdown Indicators
| PMEGX | MXMGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.88% | -60.97% | +5.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.21% | -10.29% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -27.99% | -23.17% | -4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -32.87% | -32.33% | -0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -35.88% | -1.28% |
Current DrawdownCurrent decline from peak | -6.50% | -2.46% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -11.74% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 3.09% | -0.05% |
Volatility
PMEGX vs. MXMGX - Volatility Comparison
T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) and Great-West T. Rowe Price Mid Cap Growth Fund (MXMGX) have volatilities of 2.51% and 2.53%, 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.
Loading charts...
Volatility by Period
| PMEGX | MXMGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 2.53% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 10.52% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.64% | 13.59% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.10% | 19.04% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.75% | 18.89% | +0.86% |
PMEGX vs. MXMGX - Expense Ratio Comparison
PMEGX has a 0.61% expense ratio, which is lower than MXMGX's 1.02% expense ratio.
Dividends
PMEGX vs. MXMGX - Dividend Comparison
PMEGX's dividend yield for the trailing twelve months is around 20.54%, more than MXMGX's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXMGX Great-West T. Rowe Price Mid Cap Growth Fund | 1.65% | 1.68% | 3.66% | 2.39% | 2.66% | 4.92% | 2.74% | 2.19% | 6.13% | 4.53% | 0.00% | 0.00% |
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
With a correlation of 0.94, PMEGX and MXMGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MXMGX has higher volatility (2.53%) compared to PMEGX (2.51%). In terms of maximum drawdown, PMEGX dropped -55.88% vs MXMGX's -60.97%.
PMEGX currently has the higher Sharpe Ratio (0.33 vs 0.27), 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.
Find the right allocation for PMEGX and MXMGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer