Correlation
The correlation between PRDSX and SPY is 0.86, 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.
PRDSX vs. SPY
Compare and contrast key facts about T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRDSX or SPY.
Performance
PRDSX vs. SPY - Performance Comparison
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Key characteristics
PRDSX:
0.07
SPY:
0.64
PRDSX:
0.26
SPY:
1.04
PRDSX:
1.03
SPY:
1.15
PRDSX:
0.06
SPY:
0.69
PRDSX:
0.17
SPY:
2.64
PRDSX:
8.81%
SPY:
4.91%
PRDSX:
23.25%
SPY:
20.47%
PRDSX:
-58.95%
SPY:
-55.19%
PRDSX:
-11.78%
SPY:
-3.26%
Returns By Period
In the year-to-date period, PRDSX achieves a -2.97% return, which is significantly lower than SPY's 1.17% return. Over the past 10 years, PRDSX has underperformed SPY with an annualized return of 8.40%, while SPY has yielded a comparatively higher 12.78% annualized return.
PRDSX
-2.97%
6.36%
-11.60%
1.68%
8.88%
8.54%
8.40%
SPY
1.17%
7.36%
-0.95%
13.08%
14.15%
15.98%
12.78%
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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.
Risk-Adjusted Performance
PRDSX vs. SPY — Risk-Adjusted Performance Rank
PRDSX
SPY
PRDSX vs. SPY - 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 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.
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Dividends
PRDSX vs. SPY - Dividend Comparison
PRDSX's dividend yield for the trailing twelve months is around 8.20%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRDSX T. Rowe Price QM U.S. Small-Cap Growth Equity Fund | 8.20% | 7.96% | 2.43% | 3.72% | 13.97% | 2.91% | 4.12% | 4.53% | 0.10% | 0.02% | 1.83% | 3.79% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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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Volatility
PRDSX vs. SPY - Volatility Comparison
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX) has a higher volatility of 5.68% compared to SPDR S&P 500 ETF (SPY) at 4.78%. 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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