PRDMX vs. PEXMX
Compare and contrast key facts about T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX) and T. Rowe Price Extended Equity Market Index Fund (PEXMX).
PRDMX is managed by T. Rowe Price. It was launched on Dec 31, 2003. PEXMX is managed by T. Rowe Price. It was launched on Jan 30, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRDMX or PEXMX.
Key characteristics
| PRDMX | PEXMX | |
|---|---|---|
| YTD Return | 12.62% | 9.83% |
| 1Y Return | 23.27% | 23.86% |
| 3Y Return (Ann) | 0.57% | -0.14% |
| 5Y Return (Ann) | 10.51% | 9.79% |
| 10Y Return (Ann) | 11.33% | 8.90% |
| Sharpe Ratio | 1.18 | 1.26 |
| Daily Std Dev | 19.23% | 18.66% |
| Max Drawdown | -57.57% | -57.28% |
| Current Drawdown | -3.02% | -6.70% |
Correlation
The correlation between PRDMX and PEXMX is 0.95, 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.
Performance
PRDMX vs. PEXMX - Performance Comparison
In the year-to-date period, PRDMX achieves a 12.62% return, which is significantly higher than PEXMX's 9.83% return. Over the past 10 years, PRDMX has outperformed PEXMX with an annualized return of 11.33%, while PEXMX has yielded a comparatively lower 8.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PRDMX vs. PEXMX - Expense Ratio Comparison
PRDMX has a 0.79% expense ratio, which is higher than PEXMX's 0.23% expense ratio.
Risk-Adjusted Performance
PRDMX vs. PEXMX - 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 T. Rowe Price Extended Equity Market Index Fund (PEXMX). 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. PEXMX - Dividend Comparison
PRDMX's dividend yield for the trailing twelve months is around 6.07%, more than PEXMX's 3.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRDMX T. Rowe Price Diversified Mid Cap Growth Fund | 6.07% | 6.83% | 1.22% | 10.13% | 4.80% | 2.02% | 5.23% | 3.71% | 1.23% | 3.78% | 6.49% | 0.07% |
PEXMX T. Rowe Price Extended Equity Market Index Fund | 3.31% | 3.64% | 7.53% | 14.87% | 2.99% | 4.62% | 6.67% | 5.64% | 5.90% | 4.81% | 4.88% | 3.07% |
Drawdowns
PRDMX vs. PEXMX - Drawdown Comparison
The maximum PRDMX drawdown since its inception was -57.57%, roughly equal to the maximum PEXMX drawdown of -57.28%. Use the drawdown chart below to compare losses from any high point for PRDMX and PEXMX. For additional features, visit the drawdowns tool.
Volatility
PRDMX vs. PEXMX - Volatility Comparison
The current volatility for T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX) is 4.82%, while T. Rowe Price Extended Equity Market Index Fund (PEXMX) has a volatility of 5.50%. This indicates that PRDMX experiences smaller price fluctuations and is considered to be less risky than PEXMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.