PRDMX vs. IMCG
PRDMX (T. Rowe Price Diversified Mid Cap Growth Fund) and IMCG (iShares Morningstar Mid-Cap Growth ETF) are both Mid Cap Growth Equities funds. Over the past 10 years, PRDMX returned 12.24%/yr vs 14.11%/yr for IMCG. Their 0.95 correlation means they have historically moved very closely together. PRDMX charges 0.79%/yr vs 0.06%/yr for IMCG.
Performance
PRDMX vs. IMCG - Performance Comparison
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Returns By Period
In the year-to-date period, PRDMX achieves a 1.86% return, which is significantly lower than IMCG's 19.44% return. Over the past 10 years, PRDMX has underperformed IMCG with an annualized return of 12.24%, while IMCG has yielded a comparatively higher 14.11% annualized return.
PRDMX
- 1D
- 2.48%
- 1M
- -3.51%
- 6M
- 2.10%
- YTD
- 1.86%
- 1Y
- 0.92%
- 3Y*
- 12.67%
- 5Y*
- 5.14%
- 10Y*
- 12.24%
- ALL TIME*
- 10.44%
IMCG
- 1D
- -0.08%
- 1M
- -2.22%
- 6M
- 16.42%
- YTD
- 19.44%
- 1Y
- 19.29%
- 3Y*
- 15.82%
- 5Y*
- 7.06%
- 10Y*
- 14.11%
- ALL TIME*
- 11.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.72M | $8.89M | $9.03M | |
| $0.00 | $0.00 | $0.00 |
PRDMX vs. IMCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRDMX T. Rowe Price Diversified Mid Cap Growth Fund | 1.86% | 10.30% | 23.77% | 20.75% | -24.65% | 13.56% | 31.82% | 37.91% | -3.15% | 24.66% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 19.44% | 6.55% | 18.14% | 20.73% | -25.79% | 15.39% | 45.64% | 35.70% | -3.68% | 25.57% |
Correlation
The correlation between PRDMX and IMCG is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2004 | 0.95 |
The correlation between PRDMX and IMCG has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
PRDMX vs. IMCG — Risk / Return Rank
PRDMX
IMCG
PRDMX vs. IMCG - 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 iShares Morningstar Mid-Cap Growth ETF (IMCG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRDMX | IMCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.18 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.70 | -1.77 |
| Martin ratioReturn relative to average drawdown | -0.20 | 6.41 | -6.61 |
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Drawdowns
PRDMX vs. IMCG - Drawdown Comparison
The maximum PRDMX drawdown since its inception was -57.57%, roughly equal to the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for PRDMX and IMCG.
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Drawdown Indicators
| PRDMX | IMCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.57% | -58.96% | +1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -10.17% | -3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -25.06% | -21.92% | -3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -35.69% | -35.08% | -0.61% |
Max Drawdown (10Y)Largest decline over 10 years | -35.91% | -35.08% | -0.83% |
Current DrawdownCurrent decline from peak | -5.85% | -3.25% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -9.17% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.74% | 2.70% | +2.04% |
Volatility
PRDMX vs. IMCG - Volatility Comparison
T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX) has a higher volatility of 5.24% compared to iShares Morningstar Mid-Cap Growth ETF (IMCG) at 3.48%. This indicates that PRDMX's price experiences larger fluctuations and is considered to be riskier than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRDMX | IMCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 3.48% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 14.47% | 14.04% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 16.92% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.01% | 20.36% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.40% | 20.55% | +0.85% |
PRDMX vs. IMCG - Expense Ratio Comparison
PRDMX has a 0.79% expense ratio, which is higher than IMCG's 0.06% expense ratio.
Dividends
PRDMX vs. IMCG - Dividend Comparison
PRDMX's dividend yield for the trailing twelve months is around 7.60%, more than IMCG's 0.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.63% | 0.78% | 0.78% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% |
PRDMX T. Rowe Price Diversified Mid Cap Growth Fund | 7.60% | 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
With a correlation of 0.94, PRDMX and IMCG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PRDMX has higher volatility (5.24%) compared to IMCG (3.48%). In terms of maximum drawdown, PRDMX dropped -57.57% vs IMCG's -58.96%.
IMCG currently has the higher Sharpe Ratio (1.02 vs -0.05), 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.
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