PMEGX vs. VOO
Compare and contrast key facts about T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) and Vanguard S&P 500 ETF (VOO).
PMEGX is managed by T. Rowe Price. It was launched on Jul 31, 1996. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMEGX or VOO.
Correlation
The correlation between PMEGX and VOO is 0.91, 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. VOO - Performance Comparison
Key characteristics
PMEGX:
-0.33
VOO:
0.32
PMEGX:
-0.34
VOO:
0.57
PMEGX:
0.95
VOO:
1.08
PMEGX:
-0.27
VOO:
0.32
PMEGX:
-1.01
VOO:
1.42
PMEGX:
6.35%
VOO:
4.19%
PMEGX:
19.38%
VOO:
18.73%
PMEGX:
-55.88%
VOO:
-33.99%
PMEGX:
-18.41%
VOO:
-13.85%
Returns By Period
In the year-to-date period, PMEGX achieves a -12.26% return, which is significantly lower than VOO's -9.88% return. Over the past 10 years, PMEGX has underperformed VOO with an annualized return of 9.21%, while VOO has yielded a comparatively higher 11.61% annualized return.
PMEGX
-12.26%
-6.60%
-13.83%
-4.50%
10.62%
9.21%
VOO
-9.88%
-6.64%
-9.35%
7.75%
15.13%
11.61%
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PMEGX vs. VOO - Expense Ratio Comparison
PMEGX has a 0.61% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PMEGX vs. VOO — Risk-Adjusted Performance Rank
PMEGX
VOO
PMEGX vs. VOO - 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 S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PMEGX's dividend yield for the trailing twelve months is around 16.13%, more than VOO's 1.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 16.13% | 14.15% | 7.07% | 1.65% | 12.80% | 13.33% | 5.11% | 10.42% | 6.30% | 1.04% | 6.18% | 7.17% |
VOO Vanguard S&P 500 ETF | 1.44% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
PMEGX vs. VOO - Drawdown Comparison
The maximum PMEGX drawdown since its inception was -55.88%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PMEGX and VOO. For additional features, visit the drawdowns tool.
Volatility
PMEGX vs. VOO - Volatility Comparison
T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) and Vanguard S&P 500 ETF (VOO) have volatilities of 13.31% and 13.31%, 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.