PRDSX vs. RWK
Compare and contrast key facts about T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX) and Invesco S&P MidCap 400 Revenue ETF (RWK).
PRDSX is managed by T. Rowe Price. It was launched on Jun 30, 1997. RWK is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Revenue-Weighted Index. It was launched on Feb 22, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRDSX or RWK.
Key characteristics
PRDSX | RWK | |
---|---|---|
YTD Return | 13.76% | 9.28% |
1Y Return | 24.79% | 20.72% |
3Y Return (Ann) | 2.70% | 10.31% |
5Y Return (Ann) | 9.41% | 15.25% |
10Y Return (Ann) | 10.15% | 10.42% |
Sharpe Ratio | 1.37 | 1.19 |
Daily Std Dev | 17.94% | 17.56% |
Max Drawdown | -58.95% | -56.49% |
Current Drawdown | -1.58% | -2.09% |
Correlation
The correlation between PRDSX and RWK is 0.88, 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
PRDSX vs. RWK - Performance Comparison
In the year-to-date period, PRDSX achieves a 13.76% return, which is significantly higher than RWK's 9.28% return. Both investments have delivered pretty close results over the past 10 years, with PRDSX having a 10.15% annualized return and RWK not far ahead at 10.42%. 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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PRDSX vs. RWK - Expense Ratio Comparison
PRDSX has a 0.78% expense ratio, which is higher than RWK's 0.39% expense ratio.
Risk-Adjusted Performance
PRDSX vs. RWK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX) and Invesco S&P MidCap 400 Revenue ETF (RWK). 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
PRDSX vs. RWK - Dividend Comparison
PRDSX's dividend yield for the trailing twelve months is around 2.13%, more than RWK's 0.83% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund | 2.13% | 2.43% | 3.72% | 13.97% | 2.91% | 4.12% | 4.53% | 0.10% | 0.02% | 1.83% | 3.79% | 0.60% |
Invesco S&P MidCap 400 Revenue ETF | 0.83% | 1.05% | 1.18% | 0.85% | 0.96% | 1.09% | 1.22% | 0.74% | 1.30% | 0.92% | 1.04% | 1.29% |
Drawdowns
PRDSX vs. RWK - Drawdown Comparison
The maximum PRDSX drawdown since its inception was -58.95%, roughly equal to the maximum RWK drawdown of -56.49%. Use the drawdown chart below to compare losses from any high point for PRDSX and RWK. For additional features, visit the drawdowns tool.
Volatility
PRDSX vs. RWK - Volatility Comparison
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX) and Invesco S&P MidCap 400 Revenue ETF (RWK) have volatilities of 5.70% and 5.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.