PRDMX vs. PREIX
Compare and contrast key facts about T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX) and T. Rowe Price Equity Index 500 Fund (PREIX).
PRDMX is managed by T. Rowe Price. It was launched on Dec 31, 2003. PREIX is managed by T. Rowe Price. It was launched on Mar 30, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRDMX or PREIX.
Key characteristics
| PRDMX | PREIX | |
|---|---|---|
| YTD Return | 11.72% | 18.97% |
| 1Y Return | 20.09% | 26.47% |
| 3Y Return (Ann) | 0.57% | 9.70% |
| 5Y Return (Ann) | 10.30% | 15.00% |
| 10Y Return (Ann) | 11.26% | 12.75% |
| Sharpe Ratio | 1.08 | 2.16 |
| Daily Std Dev | 19.27% | 12.79% |
| Max Drawdown | -57.57% | -55.32% |
| Current Drawdown | -3.80% | -0.53% |
Correlation
The correlation between PRDMX and PREIX is 0.91, 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. PREIX - Performance Comparison
In the year-to-date period, PRDMX achieves a 11.72% return, which is significantly lower than PREIX's 18.97% return. Over the past 10 years, PRDMX has underperformed PREIX with an annualized return of 11.26%, while PREIX has yielded a comparatively higher 12.75% 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. PREIX - Expense Ratio Comparison
PRDMX has a 0.79% expense ratio, which is higher than PREIX's 0.15% expense ratio.
Risk-Adjusted Performance
PRDMX vs. PREIX - 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 Equity Index 500 Fund (PREIX). 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. PREIX - Dividend Comparison
PRDMX's dividend yield for the trailing twelve months is around 6.12%, more than PREIX's 1.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRDMX T. Rowe Price Diversified Mid Cap Growth Fund | 6.12% | 6.83% | 1.22% | 10.13% | 4.80% | 2.02% | 5.23% | 3.71% | 1.23% | 3.78% | 6.49% | 0.07% |
PREIX T. Rowe Price Equity Index 500 Fund | 1.14% | 1.32% | 1.50% | 1.56% | 1.97% | 1.96% | 2.60% | 1.74% | 2.03% | 2.02% | 1.69% | 1.63% |
Drawdowns
PRDMX vs. PREIX - Drawdown Comparison
The maximum PRDMX drawdown since its inception was -57.57%, roughly equal to the maximum PREIX drawdown of -55.32%. Use the drawdown chart below to compare losses from any high point for PRDMX and PREIX. For additional features, visit the drawdowns tool.
Volatility
PRDMX vs. PREIX - Volatility Comparison
T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX) has a higher volatility of 5.15% compared to T. Rowe Price Equity Index 500 Fund (PREIX) at 4.36%. This indicates that PRDMX's price experiences larger fluctuations and is considered to be riskier than PREIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.