PMEGX vs. PRWAX
Compare and contrast key facts about T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).
PMEGX is managed by T. Rowe Price. It was launched on Jul 31, 1996. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMEGX or PRWAX.
Performance
PMEGX vs. PRWAX - Performance Comparison
Returns By Period
In the year-to-date period, PMEGX achieves a 13.87% return, which is significantly lower than PRWAX's 27.87% return. Both investments have delivered pretty close results over the past 10 years, with PMEGX having a 5.58% annualized return and PRWAX not far behind at 5.39%.
PMEGX
13.87%
4.31%
7.94%
15.99%
4.93%
5.58%
PRWAX
27.87%
3.38%
11.22%
26.83%
7.94%
5.39%
Key characteristics
| PMEGX | PRWAX | |
|---|---|---|
| Sharpe Ratio | 1.09 | 1.95 |
| Sortino Ratio | 1.47 | 2.54 |
| Omega Ratio | 1.20 | 1.37 |
| Calmar Ratio | 0.54 | 1.01 |
| Martin Ratio | 4.44 | 10.98 |
| Ulcer Index | 3.60% | 2.44% |
| Daily Std Dev | 14.73% | 13.79% |
| Max Drawdown | -60.81% | -70.45% |
| Current Drawdown | -17.42% | -4.22% |
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PMEGX vs. PRWAX - Expense Ratio Comparison
PMEGX has a 0.61% expense ratio, which is lower than PRWAX's 0.76% expense ratio.
Correlation
The correlation between PMEGX and PRWAX is 0.93, 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. PRWAX - 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 T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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. PRWAX - Dividend Comparison
PMEGX's dividend yield for the trailing twelve months is around 0.15%, less than PRWAX's 0.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 0.16% | 0.20% | 0.00% | 0.00% | 0.03% | 0.40% | 0.23% | 0.17% | 0.05% |
Drawdowns
PMEGX vs. PRWAX - Drawdown Comparison
The maximum PMEGX drawdown since its inception was -60.81%, smaller than the maximum PRWAX drawdown of -70.45%. Use the drawdown chart below to compare losses from any high point for PMEGX and PRWAX. For additional features, visit the drawdowns tool.
Volatility
PMEGX vs. PRWAX - Volatility Comparison
T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) has a higher volatility of 4.53% compared to T. Rowe Price All-Cap Opportunities Fund (PRWAX) at 3.95%. This indicates that PMEGX's price experiences larger fluctuations and is considered to be riskier than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.