PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PRDSX vs. TMSL
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PRDSX vs. TMSL

Last updated Apr 1, 2026

Compare and contrast key facts about T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX) and T. Rowe Price Small-Mid Cap ETF (TMSL).

PRDSX is managed by T. Rowe Price. It was launched on Jun 30, 1997. TMSL is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023.

Performance

PRDSX vs. TMSL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX) and T. Rowe Price Small-Mid Cap ETF (TMSL). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

PRDSX vs. TMSL - Yearly Performance Comparison

2026 (YTD)202520242023
PRDSX
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund		-4.64%17.44%12.97%7.78%
TMSL
T. Rowe Price Small-Mid Cap ETF		2.14%11.95%15.81%11.22%

Returns By Period

In the year-to-date period, PRDSX achieves a -4.64% return, which is significantly lower than TMSL's 2.14% 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%

TMSL

1D
4.09%
1M
-6.41%
YTD
2.14%
6M
4.84%
1Y
20.98%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

T. Rowe Price QM U.S. Small-Cap Growth Equity Fund

T. Rowe Price Small-Mid Cap ETF

Often compared with PRDSX:
PRDSX vs. OTCFXPRDSX vs. SPYPRDSX vs. SWPPXPRDSX vs. VIOGPRDSX vs. PEXMXPRDSX vs. FXAIXPRDSX vs. Vbr
Often compared with TMSL:
TMSL vs. IWMTMSL vs. MDYTMSL vs. VXFTMSL vs. VOOTMSL vs. SAATMSL vs. JSMDTMSL vs. VOE

PRDSX vs. TMSL - Expense Ratio Comparison

PRDSX has a 0.78% expense ratio, which is higher than TMSL's 0.55% expense ratio.

PRDSX
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund
TMSL
T. Rowe Price Small-Mid Cap ETF

Return for Risk

PRDSX vs. TMSL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRDSX
PRDSX Risk / Return Rank: 5555
Overall Rank
PRDSX Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
PRDSX Sortino Ratio Rank: 5757
Sortino Ratio Rank
PRDSX Omega Ratio Rank: 4747
Omega Ratio Rank
PRDSX Calmar Ratio Rank: 6363
Calmar Ratio Rank
PRDSX Martin Ratio Rank: 5858
Martin Ratio Rank
TMSL
TMSL Risk / Return Rank: 5656
Overall Rank
TMSL Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
TMSL Sortino Ratio Rank: 5656
Sortino Ratio Rank
TMSL Omega Ratio Rank: 5555
Omega Ratio Rank
TMSL Calmar Ratio Rank: 5656
Calmar Ratio Rank
TMSL Martin Ratio Rank: 6060
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRDSX vs. TMSL - 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 T. Rowe Price Small-Mid Cap ETF (TMSL). 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.

PRDSXTMSLDifference

Sharpe ratio

Return per unit of total volatility

0.93

0.95

-0.02

Sortino ratio

Return per unit of downside risk

1.48

1.46

+0.02

Omega ratio

Gain probability vs. loss probability

1.19

1.20

-0.01

Calmar ratio

Return relative to maximum drawdown

1.44

1.43

+0.01

Martin ratio

Return relative to average drawdown

5.56

5.92

-0.36

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRDSX vs. TMSL - Sharpe Ratio Comparison

The current PRDSX Sharpe Ratio is 0.93, which is comparable to the TMSL Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of PRDSX and TMSL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

PRDSXTMSLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.93

0.95

-0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.23

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.82

-0.46

Correlation

The correlation between PRDSX and TMSL is 0.93, 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. TMSL - Dividend Comparison

PRDSX's dividend yield for the trailing twelve months is around 13.31%, more than TMSL's 0.55% yield.

TTM20252024202320222021202020192018201720162015
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%
TMSL
T. Rowe Price Small-Mid Cap ETF		0.55%0.57%0.44%0.34%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PRDSX vs. TMSL - Drawdown Comparison

The maximum PRDSX drawdown since its inception was -58.95%, which is greater than TMSL's maximum drawdown of -24.39%. Use the drawdown chart below to compare losses from any high point for PRDSX and TMSL.

Loading graphics...

Drawdown Indicators

PRDSXTMSLDifference

Max Drawdown

Largest peak-to-trough decline

-58.95%

-24.39%

-34.56%

Max Drawdown (1Y)

Largest decline over 1 year

-13.24%

-14.61%

+1.37%

Max Drawdown (5Y)

Largest decline over 5 years

-33.17%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-37.61%

—

—

Current Drawdown

Current decline from peak

-12.08%

-7.56%

-4.52%

Average Drawdown

Average peak-to-trough decline

-14.23%

-4.09%

-10.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.42%

3.53%

-0.11%

Volatility

PRDSX vs. TMSL - Volatility Comparison

The current volatility for T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX) is 7.45%, while T. Rowe Price Small-Mid Cap ETF (TMSL) has a volatility of 8.15%. This indicates that PRDSX experiences smaller price fluctuations and is considered to be less risky than TMSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

PRDSXTMSLDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.45%

8.15%

-0.70%

Volatility (6M)

Calculated over the trailing 6-month period

15.20%

13.33%

+1.87%

Volatility (1Y)

Calculated over the trailing 1-year period

23.29%

22.16%

+1.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.36%

18.37%

+2.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.46%

18.37%

+3.09%