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.
Performance
PMEGX vs. VO - Performance Comparison
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PMEGX vs. VO - 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% |
VO Vanguard Mid-Cap ETF | -0.05% | 11.62% | 15.31% | 16.03% | -18.73% | 24.70% | 18.10% | 30.98% | -9.24% | 19.28% |
Returns By Period
In the year-to-date period, PMEGX achieves a -4.03% return, which is significantly lower than VO's -0.05% return. Over the past 10 years, PMEGX has underperformed VO with an annualized return of 9.68%, while VO has yielded a comparatively higher 10.74% annualized return.
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%
VO
- 1D
- 0.63%
- 1M
- -5.18%
- YTD
- -0.05%
- 6M
- -0.76%
- 1Y
- 13.07%
- 3Y*
- 12.85%
- 5Y*
- 6.79%
- 10Y*
- 10.74%
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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.
Return for Risk
PMEGX vs. VO — Risk / Return Rank
PMEGX
VO
PMEGX vs. VO - 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 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.
| PMEGX | VO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 0.75 | -0.36 |
Sortino ratioReturn per unit of downside risk | 0.69 | 1.15 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.16 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.06 | -0.49 |
Martin ratioReturn relative to average drawdown | 2.27 | 4.83 | -2.55 |
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 | VO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 0.75 | -0.36 |
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 | 0.57 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.48 | +0.03 |
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.
Dividends
PMEGX vs. VO - Dividend Comparison
PMEGX's dividend yield for the trailing twelve months is around 21.98%, more than VO's 1.50% 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% |
VO Vanguard Mid-Cap ETF | 1.50% | 1.52% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% |
Drawdowns
PMEGX vs. VO - Drawdown Comparison
The maximum PMEGX drawdown since its inception was -55.88%, smaller than the maximum VO drawdown of -58.87%. Use the drawdown chart below to compare losses from any high point for PMEGX and VO.
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Drawdown Indicators
| PMEGX | VO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.88% | -58.87% | +2.99% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -12.74% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -32.87% | -27.57% | -5.30% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -39.37% | +2.21% |
Current DrawdownCurrent decline from peak | -12.63% | -5.53% | -7.10% |
Average DrawdownAverage peak-to-trough decline | -9.01% | -7.91% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.79% | +0.39% |
Volatility
PMEGX vs. VO - Volatility Comparison
T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) has a higher volatility of 5.71% compared to Vanguard Mid-Cap ETF (VO) at 4.83%. This indicates that PMEGX's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMEGX | VO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 4.83% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 9.73% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.01% | 17.57% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.06% | 17.61% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.79% | 18.94% | +0.85% |