PRDMX vs. IMCG
Compare and contrast key facts about T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
PRDMX is managed by T. Rowe Price. It was launched on Dec 31, 2003. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRDMX or IMCG.
Performance
PRDMX vs. IMCG - Performance Comparison
Returns By Period
In the year-to-date period, PRDMX achieves a 25.14% return, which is significantly higher than IMCG's 19.66% return. Over the past 10 years, PRDMX has underperformed IMCG with an annualized return of 7.72%, while IMCG has yielded a comparatively higher 12.08% annualized return.
PRDMX
25.14%
4.83%
14.35%
28.27%
6.66%
7.72%
IMCG
19.66%
2.73%
10.79%
32.48%
13.40%
12.08%
Key characteristics
| PRDMX | IMCG | |
|---|---|---|
| Sharpe Ratio | 1.66 | 2.24 |
| Sortino Ratio | 2.17 | 3.08 |
| Omega Ratio | 1.31 | 1.38 |
| Calmar Ratio | 0.92 | 1.43 |
| Martin Ratio | 8.08 | 11.63 |
| Ulcer Index | 3.44% | 2.73% |
| Daily Std Dev | 16.76% | 14.18% |
| Max Drawdown | -59.84% | -58.96% |
| Current Drawdown | -9.72% | -2.63% |
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PRDMX vs. IMCG - Expense Ratio Comparison
PRDMX has a 0.79% expense ratio, which is higher than IMCG's 0.06% expense ratio.
Correlation
The correlation between PRDMX and IMCG 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
PRDMX vs. IMCG - Risk-Adjusted Performance 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.
Dividends
PRDMX vs. IMCG - Dividend Comparison
PRDMX has not paid dividends to shareholders, while IMCG's dividend yield for the trailing twelve months is around 0.79%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRDMX T. Rowe Price Diversified Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.14% | 0.33% | 3.16% | 0.20% | 0.04% | 0.00% | 0.07% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.79% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
Drawdowns
PRDMX vs. IMCG - Drawdown Comparison
The maximum PRDMX drawdown since its inception was -59.84%, 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. For additional features, visit the drawdowns tool.
Volatility
PRDMX vs. IMCG - Volatility Comparison
T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX) has a higher volatility of 5.68% compared to iShares Morningstar Mid-Cap Growth ETF (IMCG) at 4.71%. 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.