PRDSX vs. SPY
Compare and contrast key facts about T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX) and State Street SPDR S&P 500 ETF (SPY).
PRDSX is managed by T. Rowe Price. It was launched on Jun 30, 1997. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
PRDSX vs. SPY - Performance Comparison
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PRDSX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRDSX T. Rowe Price QM U.S. Small-Cap Growth Equity Fund | -4.64% | 17.44% | 12.97% | 21.15% | -22.49% | 11.15% | 23.85% | 32.75% | -6.91% | 22.12% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, PRDSX achieves a -4.64% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, PRDSX has underperformed SPY with an annualized return of 10.82%, while SPY has yielded a comparatively higher 13.98% annualized return.
PRDSX
- 1D
- -2.18%
- 1M
- -10.24%
- YTD
- -4.64%
- 6M
- 3.04%
- 1Y
- 21.87%
- 3Y*
- 12.67%
- 5Y*
- 4.85%
- 10Y*
- 10.82%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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PRDSX vs. SPY - Expense Ratio Comparison
PRDSX has a 0.78% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
PRDSX vs. SPY — Risk / Return Rank
PRDSX
SPY
PRDSX vs. SPY - Risk-Adjusted Trends 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 State Street SPDR S&P 500 ETF (SPY). 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.
| PRDSX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.93 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.45 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.53 | -0.09 |
Martin ratioReturn relative to average drawdown | 5.56 | 7.30 | -1.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRDSX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.93 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.69 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.78 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.56 | -0.21 |
Correlation
The correlation between PRDSX and SPY is 0.84, 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.
Dividends
PRDSX vs. SPY - Dividend Comparison
PRDSX's dividend yield for the trailing twelve months is around 13.31%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRDSX T. Rowe Price QM U.S. Small-Cap Growth Equity Fund | 13.31% | 12.70% | 7.96% | 2.43% | 3.72% | 13.97% | 2.91% | 4.12% | 4.53% | 0.10% | 0.02% | 1.83% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
PRDSX vs. SPY - Drawdown Comparison
The maximum PRDSX drawdown since its inception was -58.95%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PRDSX and SPY.
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Drawdown Indicators
| PRDSX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.95% | -55.19% | -3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.24% | -12.05% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -33.17% | -24.50% | -8.67% |
Max Drawdown (10Y)Largest decline over 10 years | -37.61% | -33.72% | -3.89% |
Current DrawdownCurrent decline from peak | -12.08% | -6.24% | -5.84% |
Average DrawdownAverage peak-to-trough decline | -14.23% | -9.09% | -5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 2.52% | +0.90% |
Volatility
PRDSX vs. SPY - Volatility Comparison
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX) has a higher volatility of 7.45% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that PRDSX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRDSX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 5.31% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 15.20% | 9.47% | +5.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.29% | 19.05% | +4.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.36% | 17.06% | +4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.46% | 17.92% | +3.54% |