PMEGX vs. VOT
Compare and contrast key facts about T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) and Vanguard Mid-Cap Growth ETF (VOT).
PMEGX is managed by T. Rowe Price. It was launched on Jul 31, 1996. VOT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Mid Cap Growth Index. It was launched on Aug 17, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMEGX or VOT.
Performance
PMEGX vs. VOT - Performance Comparison
Returns By Period
In the year-to-date period, PMEGX achieves a 12.78% return, which is significantly lower than VOT's 21.39% return. Over the past 10 years, PMEGX has underperformed VOT with an annualized return of 5.47%, while VOT has yielded a comparatively higher 10.82% annualized return.
PMEGX
12.78%
2.57%
7.68%
14.87%
4.73%
5.47%
VOT
21.39%
6.63%
14.95%
32.26%
12.26%
10.82%
Key characteristics
| PMEGX | VOT | |
|---|---|---|
| Sharpe Ratio | 1.05 | 2.24 |
| Sortino Ratio | 1.42 | 3.01 |
| Omega Ratio | 1.19 | 1.39 |
| Calmar Ratio | 0.52 | 1.43 |
| Martin Ratio | 4.28 | 13.02 |
| Ulcer Index | 3.60% | 2.52% |
| Daily Std Dev | 14.70% | 14.65% |
| Max Drawdown | -60.81% | -60.17% |
| Current Drawdown | -18.22% | 0.00% |
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PMEGX vs. VOT - Expense Ratio Comparison
PMEGX has a 0.61% expense ratio, which is higher than VOT's 0.07% expense ratio.
Correlation
The correlation between PMEGX and VOT is 0.96, 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. VOT - 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 Mid-Cap Growth ETF (VOT). 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. VOT - Dividend Comparison
PMEGX's dividend yield for the trailing twelve months is around 0.15%, less than VOT's 0.66% 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% |
VOT Vanguard Mid-Cap Growth ETF | 0.66% | 0.71% | 0.78% | 0.34% | 0.56% | 0.78% | 0.84% | 0.72% | 0.81% | 0.81% | 0.79% | 0.61% |
Drawdowns
PMEGX vs. VOT - Drawdown Comparison
The maximum PMEGX drawdown since its inception was -60.81%, roughly equal to the maximum VOT drawdown of -60.17%. Use the drawdown chart below to compare losses from any high point for PMEGX and VOT. For additional features, visit the drawdowns tool.
Volatility
PMEGX vs. VOT - Volatility Comparison
The current volatility for T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) is 4.46%, while Vanguard Mid-Cap Growth ETF (VOT) has a volatility of 4.83%. This indicates that PMEGX experiences smaller price fluctuations and is considered to be less risky than VOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.