PMEGX vs. VO
Compare and contrast key facts about T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) and Vanguard Mid-Cap ETF (VO).
PMEGX is managed by T. Rowe Price. It was launched on Jul 31, 1996. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap 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 VO.
Correlation
The correlation between PMEGX and VO is 0.95, 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.
Performance
PMEGX vs. VO - Performance Comparison
Key characteristics
PMEGX:
-0.06
VO:
1.67
PMEGX:
0.06
VO:
2.29
PMEGX:
1.01
VO:
1.29
PMEGX:
-0.04
VO:
2.31
PMEGX:
-0.19
VO:
7.84
PMEGX:
6.12%
VO:
2.67%
PMEGX:
20.34%
VO:
12.59%
PMEGX:
-60.81%
VO:
-58.88%
PMEGX:
-27.51%
VO:
-3.03%
Returns By Period
The year-to-date returns for both investments are quite close, with PMEGX having a 3.99% return and VO slightly higher at 4.07%. Over the past 10 years, PMEGX has underperformed VO with an annualized return of 5.11%, while VO has yielded a comparatively higher 10.25% annualized return.
PMEGX
3.99%
2.75%
-5.69%
-1.97%
2.19%
5.11%
VO
4.07%
3.03%
10.73%
20.03%
10.49%
10.25%
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PMEGX vs. VO - Expense Ratio Comparison
PMEGX has a 0.61% expense ratio, which is higher than VO's 0.04% expense ratio.
Risk-Adjusted Performance
PMEGX vs. VO — Risk-Adjusted Performance Rank
PMEGX
VO
PMEGX vs. VO - 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 Mid-Cap ETF (VO). 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. VO - Dividend Comparison
PMEGX's dividend yield for the trailing twelve months is around 0.05%, less than VO's 1.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 0.05% | 0.05% | 0.17% | 0.00% | 0.00% | 8.94% | 0.31% | 0.27% | 0.13% | 0.20% | 0.00% | 0.00% |
VO Vanguard Mid-Cap ETF | 1.43% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% |
Drawdowns
PMEGX vs. VO - Drawdown Comparison
The maximum PMEGX drawdown since its inception was -60.81%, roughly equal to the maximum VO drawdown of -58.88%. Use the drawdown chart below to compare losses from any high point for PMEGX and VO. For additional features, visit the drawdowns tool.
Volatility
PMEGX vs. VO - Volatility Comparison
T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) and Vanguard Mid-Cap ETF (VO) have volatilities of 3.61% and 3.51%, 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.