PMEGX vs. PRDMX
Compare and contrast key facts about T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) and T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX).
PMEGX is managed by T. Rowe Price. It was launched on Jul 31, 1996. PRDMX is managed by T. Rowe Price. It was launched on Dec 31, 2003.
Performance
PMEGX vs. PRDMX - Performance Comparison
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PMEGX vs. PRDMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | -6.62% | 3.73% | 9.15% | 20.69% | -23.19% | 15.50% | 23.95% | 33.08% | -2.23% | 26.02% |
PRDMX T. Rowe Price Diversified Mid Cap Growth Fund | -9.37% | 19.47% | 23.77% | 20.75% | -24.65% | 13.56% | 31.82% | 37.91% | -3.15% | 24.66% |
Returns By Period
In the year-to-date period, PMEGX achieves a -6.62% return, which is significantly higher than PRDMX's -9.37% return. Over the past 10 years, PMEGX has underperformed PRDMX with an annualized return of 9.38%, while PRDMX has yielded a comparatively higher 12.52% annualized return.
PMEGX
- 1D
- -0.33%
- 1M
- -9.23%
- YTD
- -6.62%
- 6M
- -5.92%
- 1Y
- 4.40%
- 3Y*
- 5.91%
- 5Y*
- 1.89%
- 10Y*
- 9.38%
PRDMX
- 1D
- -1.14%
- 1M
- -9.93%
- YTD
- -9.37%
- 6M
- -4.92%
- 1Y
- 16.61%
- 3Y*
- 14.54%
- 5Y*
- 6.81%
- 10Y*
- 12.52%
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PMEGX vs. PRDMX - Expense Ratio Comparison
PMEGX has a 0.61% expense ratio, which is lower than PRDMX's 0.79% expense ratio.
Return for Risk
PMEGX vs. PRDMX — Risk / Return Rank
PMEGX
PRDMX
PMEGX vs. PRDMX - 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 T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX). 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.
| PMEGX | PRDMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 0.69 | -0.45 |
Sortino ratioReturn per unit of downside risk | 0.47 | 1.17 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.16 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.17 | 1.05 | -0.88 |
Martin ratioReturn relative to average drawdown | 0.69 | 3.79 | -3.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PMEGX | PRDMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.69 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.31 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.59 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.49 | +0.02 |
Correlation
The correlation between PMEGX and PRDMX is 0.96, 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.
Dividends
PMEGX vs. PRDMX - Dividend Comparison
PMEGX's dividend yield for the trailing twelve months is around 22.59%, more than PRDMX's 17.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 22.59% | 21.10% | 14.15% | 7.07% | 1.65% | 12.80% | 4.44% | 5.11% | 10.42% | 6.30% | 1.04% | 6.18% |
PRDMX T. Rowe Price Diversified Mid Cap Growth Fund | 17.09% | 15.49% | 8.59% | 6.83% | 1.22% | 10.13% | 4.80% | 2.02% | 5.23% | 3.71% | 1.23% | 3.78% |
Drawdowns
PMEGX vs. PRDMX - Drawdown Comparison
The maximum PMEGX drawdown since its inception was -55.88%, roughly equal to the maximum PRDMX drawdown of -57.57%. Use the drawdown chart below to compare losses from any high point for PMEGX and PRDMX.
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Drawdown Indicators
| PMEGX | PRDMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.88% | -57.57% | +1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -13.31% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -32.87% | -35.69% | +2.82% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -35.91% | -1.25% |
Current DrawdownCurrent decline from peak | -14.99% | -12.73% | -2.26% |
Average DrawdownAverage peak-to-trough decline | -9.01% | -8.44% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 3.70% | -0.56% |
Volatility
PMEGX vs. PRDMX - Volatility Comparison
The current volatility for T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) is 4.74%, while T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX) has a volatility of 5.96%. This indicates that PMEGX experiences smaller price fluctuations and is considered to be less risky than PRDMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMEGX | PRDMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 5.96% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 15.07% | -5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.85% | 24.07% | -5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 22.09% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 21.43% | -1.65% |