PMEGX vs. VBR
Compare and contrast key facts about T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) and Vanguard Small-Cap Value ETF (VBR).
PMEGX is managed by T. Rowe Price. It was launched on Jul 31, 1996. VBR is a passively managed fund by Vanguard that tracks the performance of the CRSP US Small Cap Value Index. It was launched on Jan 26, 2004.
Performance
PMEGX vs. VBR - Performance Comparison
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PMEGX vs. VBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | -4.03% | 3.73% | 9.15% | 20.69% | -23.19% | 15.50% | 23.95% | 33.08% | -2.23% | 26.02% |
VBR Vanguard Small-Cap Value ETF | 3.59% | 9.09% | 12.40% | 16.00% | -9.38% | 28.08% | 5.90% | 22.78% | -12.28% | 11.81% |
Returns By Period
In the year-to-date period, PMEGX achieves a -4.03% return, which is significantly lower than VBR's 3.59% return. Both investments have delivered pretty close results over the past 10 years, with PMEGX having a 9.68% annualized return and VBR not far ahead at 10.14%.
PMEGX
- 1D
- 2.77%
- 1M
- -6.49%
- YTD
- -4.03%
- 6M
- -3.03%
- 1Y
- 7.08%
- 3Y*
- 6.88%
- 5Y*
- 2.14%
- 10Y*
- 9.68%
VBR
- 1D
- 0.41%
- 1M
- -4.79%
- YTD
- 3.59%
- 6M
- 5.25%
- 1Y
- 19.13%
- 3Y*
- 13.58%
- 5Y*
- 7.64%
- 10Y*
- 10.14%
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PMEGX vs. VBR - Expense Ratio Comparison
PMEGX has a 0.61% expense ratio, which is higher than VBR's 0.07% expense ratio.
Return for Risk
PMEGX vs. VBR — Risk / Return Rank
PMEGX
VBR
PMEGX vs. VBR - 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 Vanguard Small-Cap Value ETF (VBR). 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 | VBR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 0.93 | -0.55 |
Sortino ratioReturn per unit of downside risk | 0.69 | 1.43 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.19 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.37 | -0.80 |
Martin ratioReturn relative to average drawdown | 2.27 | 5.62 | -3.35 |
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 | VBR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 0.93 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.39 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.47 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.40 | +0.11 |
Correlation
The correlation between PMEGX and VBR is 0.88, 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. VBR - Dividend Comparison
PMEGX's dividend yield for the trailing twelve months is around 21.98%, more than VBR's 1.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 21.98% | 21.10% | 14.15% | 7.07% | 1.65% | 12.80% | 4.44% | 5.11% | 10.42% | 6.30% | 1.04% | 6.18% |
VBR Vanguard Small-Cap Value ETF | 1.90% | 1.95% | 1.98% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
Drawdowns
PMEGX vs. VBR - Drawdown Comparison
The maximum PMEGX drawdown since its inception was -55.88%, smaller than the maximum VBR drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for PMEGX and VBR.
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Drawdown Indicators
| PMEGX | VBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.88% | -61.98% | +6.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -14.18% | +1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -32.87% | -24.19% | -8.68% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -45.28% | +8.12% |
Current DrawdownCurrent decline from peak | -12.63% | -5.75% | -6.88% |
Average DrawdownAverage peak-to-trough decline | -9.01% | -8.32% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 3.46% | -0.28% |
Volatility
PMEGX vs. VBR - Volatility Comparison
T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) has a higher volatility of 5.71% compared to Vanguard Small-Cap Value ETF (VBR) at 5.40%. This indicates that PMEGX's price experiences larger fluctuations and is considered to be riskier than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMEGX | VBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 5.40% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 11.29% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.01% | 20.64% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.06% | 19.85% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.79% | 21.73% | -1.94% |