PRDMX vs. CHCLX

Last updated Jun 4, 2026

PRDMX (T. Rowe Price Diversified Mid Cap Growth Fund) and CHCLX (AB Discovery Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, PRDMX returned 13.00%/yr vs 13.37%/yr for CHCLX. Their correlation of 0.94 suggests significant overlap in exposure. PRDMX charges 0.79%/yr vs 0.91%/yr for CHCLX.

Performance

PRDMX vs. CHCLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX) and AB Discovery Growth Fund (CHCLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRDMX achieves a 4.77% return, which is significantly lower than CHCLX's 15.63% return. Both investments have delivered pretty close results over the past 10 years, with PRDMX having a 13.00% annualized return and CHCLX not far ahead at 13.37%.

PRDMX

• 1D: 0.16%
• 1M: 4.13%
• YTD: 4.77%
• 6M: 3.57%
• 1Y: 8.26%
• 3Y*: 16.40%
• 5Y*: 7.97%
• 10Y*: 13.00%

CHCLX

• 1D: 1.56%
• 1M: 5.43%
• YTD: 15.63%
• 6M: 16.50%
• 1Y: 30.32%
• 3Y*: 16.51%
• 5Y*: 4.36%
• 10Y*: 13.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRDMX vs. CHCLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRDMX T. Rowe Price Diversified Mid Cap Growth Fund	4.77%	10.30%	23.77%	20.75%	-24.65%	13.56%	31.82%	37.91%	-3.15%	24.66%
CHCLX AB Discovery Growth Fund	15.63%	6.67%	17.37%	18.72%	-36.11%	11.63%	52.90%	39.99%	-4.56%	32.58%

Correlation

The correlation between PRDMX and CHCLX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 5, 2004	0.94

The correlation between PRDMX and CHCLX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

PRDMX vs. CHCLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRDMX

PRDMX Risk / Return Rank: 7
PRDMX Sharpe Ratio Rank: 7
PRDMX Sortino Ratio Rank: 7
PRDMX Omega Ratio Rank: 6
PRDMX Calmar Ratio Rank: 6
PRDMX Martin Ratio Rank: 7

CHCLX

CHCLX Risk / Return Rank: 26
CHCLX Sharpe Ratio Rank: 25
CHCLX Sortino Ratio Rank: 22
CHCLX Omega Ratio Rank: 22
CHCLX Calmar Ratio Rank: 29
CHCLX Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRDMX vs. CHCLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX) and AB Discovery Growth Fund (CHCLX). 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.

	PRDMX	CHCLX	Difference
Sharpe ratio: Return per unit of total volatility	0.56	1.42	-0.86
Sortino ratio: Return per unit of downside risk	0.90	1.96	-1.07
Omega ratio: Gain probability vs. loss probability	1.10	1.25	-0.14
Calmar ratio: Return relative to maximum drawdown	0.66	2.03	-1.38
Martin ratio: Return relative to average drawdown	2.06	7.59	-5.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRDMX vs. CHCLX - Sharpe Ratio Comparison

The current PRDMX Sharpe Ratio is 0.56, which is lower than the CHCLX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of PRDMX and CHCLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRDMX	CHCLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	1.42	-0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.17	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.54	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.38	+0.12

Drawdowns

PRDMX vs. CHCLX - Drawdown Comparison

The maximum PRDMX drawdown since its inception was -57.57%, smaller than the maximum CHCLX drawdown of -63.85%. Use the drawdown chart below to compare losses from any high point for PRDMX and CHCLX.

Drawdown Indicators

	PRDMX	CHCLX	Difference
Max Drawdown Largest peak-to-trough decline	-57.57%	-63.85%	+6.28%
Max Drawdown (1Y) Largest decline over 1 year	-14.15%	-15.70%	+1.55%
Max Drawdown (3Y) Largest decline over 3 years	-25.06%	-30.36%	+5.30%
Max Drawdown (5Y) Largest decline over 5 years	-35.69%	-44.63%	+8.94%
Max Drawdown (10Y) Largest decline over 10 years	-35.91%	-44.63%	+8.72%
Current Drawdown Current decline from peak	-0.76%	-0.53%	-0.23%
Average Drawdown Average peak-to-trough decline	-8.44%	-14.19%	+5.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	4.19%	+0.30%

Volatility

PRDMX vs. CHCLX - Volatility Comparison

The current volatility for T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX) is 3.88%, while AB Discovery Growth Fund (CHCLX) has a volatility of 7.02%. This indicates that PRDMX experiences smaller price fluctuations and is considered to be less risky than CHCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRDMX	CHCLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	7.02%	-3.14%
Volatility (6M) Calculated over the trailing 6-month period	12.96%	18.30%	-5.34%
Volatility (1Y) Calculated over the trailing 1-year period	16.72%	22.52%	-5.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.81%	25.74%	-3.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.37%	24.97%	-3.60%

PRDMX vs. CHCLX - Expense Ratio Comparison

PRDMX has a 0.79% expense ratio, which is lower than CHCLX's 0.91% expense ratio.

Dividends

PRDMX vs. CHCLX - Dividend Comparison

PRDMX's dividend yield for the trailing twelve months is around 7.39%, less than CHCLX's 10.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHCLX AB Discovery Growth Fund	10.03%	11.60%	0.00%	0.00%	0.00%	17.54%	15.15%	13.36%	20.33%	6.74%	0.00%	6.08%
PRDMX T. Rowe Price Diversified Mid Cap Growth Fund	7.39%	7.75%	8.59%	6.83%	1.22%	10.13%	4.80%	2.02%	5.23%	3.71%	1.23%	3.78%

Frequently Asked Questions

Can I hold both PRDMX and CHCLX in my portfolio?

PRDMX and CHCLX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRDMX or CHCLX?

CHCLX has higher volatility (7.02%) compared to PRDMX (3.88%). In terms of maximum drawdown, PRDMX dropped -57.57% vs CHCLX's -63.85%.

Which has better risk-adjusted returns?

CHCLX currently has the higher Sharpe Ratio (1.42 vs 0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.