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.
Performance
PMEGX vs. VOO - Performance Comparison
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PMEGX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, PMEGX achieves a -4.03% return, which is significantly lower than VOO's -3.66% return. Over the past 10 years, PMEGX has underperformed VOO with an annualized return of 9.68%, while VOO has yielded a comparatively higher 14.14% 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%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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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.
Return for Risk
PMEGX vs. VOO — Risk / Return Rank
PMEGX
VOO
PMEGX vs. VOO - 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 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.
| PMEGX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 1.01 | -0.62 |
Sortino ratioReturn per unit of downside risk | 0.69 | 1.53 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.23 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.55 | -0.98 |
Martin ratioReturn relative to average drawdown | 2.27 | 7.31 | -5.04 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 1.01 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.71 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.79 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.83 | -0.32 |
Correlation
The correlation between PMEGX and VOO is 0.89, 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. VOO - Dividend Comparison
PMEGX's dividend yield for the trailing twelve months is around 21.98%, more than VOO's 1.18% 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% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
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.
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Drawdown Indicators
| PMEGX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.88% | -33.99% | -21.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -11.98% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -32.87% | -24.52% | -8.35% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -33.99% | -3.17% |
Current DrawdownCurrent decline from peak | -12.63% | -5.55% | -7.08% |
Average DrawdownAverage peak-to-trough decline | -9.01% | -3.72% | -5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.55% | +0.63% |
Volatility
PMEGX vs. VOO - Volatility Comparison
T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) has a higher volatility of 5.71% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. 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.
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Volatility by Period
| PMEGX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 5.34% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 9.47% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.01% | 18.11% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.06% | 16.82% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.79% | 17.99% | +1.80% |