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 | -6.62% | 3.73% | 9.15% | 20.69% | -23.19% | 15.50% | 23.95% | 33.08% | -2.23% | 26.02% |
VO Vanguard Mid-Cap ETF | -0.68% | 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 -6.62% return, which is significantly lower than VO's -0.68% return. Over the past 10 years, PMEGX has underperformed VO with an annualized return of 9.38%, while VO has yielded a comparatively higher 10.67% annualized return.
PMEGX
- 1D
- -0.33%
- 1M
- -9.23%
- YTD
- -6.62%
- 6M
- -5.92%
- 1Y
- 4.40%
- 3Y*
- 5.91%
- 5Y*
- 1.89%
- 10Y*
- 9.38%
VO
- 1D
- 2.22%
- 1M
- -5.86%
- YTD
- -0.68%
- 6M
- -1.48%
- 1Y
- 12.73%
- 3Y*
- 12.61%
- 5Y*
- 6.66%
- 10Y*
- 10.67%
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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 | 0.23 | 0.73 | -0.50 |
Sortino ratioReturn per unit of downside risk | 0.47 | 1.12 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.16 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.17 | 1.05 | -0.88 |
Martin ratioReturn relative to average drawdown | 0.69 | 4.84 | -4.16 |
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 | 0.23 | 0.73 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.38 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.57 | -0.09 |
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 22.59%, more than VO's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 22.59% | 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 | 1.51% | 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 | -14.99% | -6.12% | -8.87% |
Average DrawdownAverage peak-to-trough decline | -9.01% | -7.91% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.76% | +0.38% |
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 4.74% and 4.89%, 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.
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Volatility by Period
| PMEGX | VO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 4.89% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 9.72% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.85% | 17.57% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 17.62% | +2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 18.94% | +0.84% |