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.
Performance
PMEGX vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, PMEGX achieves a 13.87% return, which is significantly lower than VOO's 26.58% return. Over the past 10 years, PMEGX has underperformed VOO with an annualized return of 5.58%, while VOO has yielded a comparatively higher 13.22% annualized return.
PMEGX
13.87%
4.31%
7.94%
15.99%
4.93%
5.58%
VOO
26.58%
3.05%
13.23%
32.77%
15.74%
13.22%
Key characteristics
| PMEGX | VOO | |
|---|---|---|
| Sharpe Ratio | 1.09 | 2.69 |
| Sortino Ratio | 1.47 | 3.59 |
| Omega Ratio | 1.20 | 1.50 |
| Calmar Ratio | 0.54 | 3.88 |
| Martin Ratio | 4.44 | 17.58 |
| Ulcer Index | 3.60% | 1.86% |
| Daily Std Dev | 14.73% | 12.19% |
| Max Drawdown | -60.81% | -33.99% |
| Current Drawdown | -17.42% | -0.53% |
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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.
Correlation
The correlation between PMEGX and VOO is 0.90, 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. 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 0.15%, less than VOO's 1.24% 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% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PMEGX vs. VOO - Drawdown Comparison
The maximum PMEGX drawdown since its inception was -60.81%, 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) has a higher volatility of 4.53% compared to Vanguard S&P 500 ETF (VOO) at 3.99%. This indicates that PMEGX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.