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 MSCI US Small Cap Value Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMEGX or VBR.
Performance
PMEGX vs. VBR - Performance Comparison
Returns By Period
In the year-to-date period, PMEGX achieves a 10.97% return, which is significantly lower than VBR's 17.18% return. Over the past 10 years, PMEGX has underperformed VBR with an annualized return of 5.35%, while VBR has yielded a comparatively higher 9.33% annualized return.
PMEGX
10.97%
0.55%
4.57%
13.56%
4.39%
5.35%
VBR
17.18%
2.89%
11.59%
30.82%
11.73%
9.33%
Key characteristics
| PMEGX | VBR | |
|---|---|---|
| Sharpe Ratio | 0.96 | 1.79 |
| Sortino Ratio | 1.30 | 2.56 |
| Omega Ratio | 1.18 | 1.32 |
| Calmar Ratio | 0.47 | 3.41 |
| Martin Ratio | 3.88 | 9.97 |
| Ulcer Index | 3.60% | 2.98% |
| Daily Std Dev | 14.62% | 16.60% |
| Max Drawdown | -60.81% | -62.01% |
| Current Drawdown | -19.53% | -2.87% |
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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.
Correlation
The correlation between PMEGX and VBR is 0.87, 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. VBR - 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 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.
Dividends
PMEGX vs. VBR - Dividend Comparison
PMEGX's dividend yield for the trailing twelve months is around 0.15%, less than VBR's 1.92% 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% |
VBR Vanguard Small-Cap Value ETF | 1.92% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% | 1.77% | 1.87% |
Drawdowns
PMEGX vs. VBR - Drawdown Comparison
The maximum PMEGX drawdown since its inception was -60.81%, roughly equal to the maximum VBR drawdown of -62.01%. Use the drawdown chart below to compare losses from any high point for PMEGX and VBR. For additional features, visit the drawdowns tool.
Volatility
PMEGX vs. VBR - Volatility Comparison
The current volatility for T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) is 4.26%, while Vanguard Small-Cap Value ETF (VBR) has a volatility of 5.58%. This indicates that PMEGX experiences smaller price fluctuations and is considered to be less risky than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.