PRNHX vs. DSPIX
Compare and contrast key facts about T. Rowe Price New Horizons Fund (PRNHX) and BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX).
PRNHX is managed by T. Rowe Price. It was launched on Jun 3, 1960. DSPIX is a passively managed fund by BNY Mellon that tracks the performance of the S&P 500 Index. It was launched on Sep 30, 1993.
Performance
PRNHX vs. DSPIX - Performance Comparison
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PRNHX vs. DSPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRNHX T. Rowe Price New Horizons Fund | -5.34% | 3.27% | 8.80% | 21.35% | -36.96% | 9.96% | 58.05% | 56.50% | 3.79% | 31.59% |
DSPIX BNY Mellon Institutional S&P 500 Stock Index Fund | -7.09% | 17.81% | 24.40% | 26.36% | -18.51% | 28.64% | 14.18% | 31.31% | -4.36% | 21.59% |
Returns By Period
In the year-to-date period, PRNHX achieves a -5.34% return, which is significantly higher than DSPIX's -7.09% return. Both investments have delivered pretty close results over the past 10 years, with PRNHX having a 12.93% annualized return and DSPIX not far ahead at 13.17%.
PRNHX
- 1D
- -1.77%
- 1M
- -10.89%
- YTD
- -5.34%
- 6M
- -3.56%
- 1Y
- 10.01%
- 3Y*
- 6.27%
- 5Y*
- -1.84%
- 10Y*
- 12.93%
DSPIX
- 1D
- -0.38%
- 1M
- -7.69%
- YTD
- -7.09%
- 6M
- -4.53%
- 1Y
- 14.39%
- 3Y*
- 17.00%
- 5Y*
- 11.19%
- 10Y*
- 13.17%
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PRNHX vs. DSPIX - Expense Ratio Comparison
PRNHX has a 0.75% expense ratio, which is higher than DSPIX's 0.20% expense ratio.
Return for Risk
PRNHX vs. DSPIX — Risk / Return Rank
PRNHX
DSPIX
PRNHX vs. DSPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Horizons Fund (PRNHX) and BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX). 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.
| PRNHX | DSPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.37 | 0.83 | -0.46 |
Sortino ratioReturn per unit of downside risk | 0.70 | 1.29 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.20 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.46 | 1.05 | -0.59 |
Martin ratioReturn relative to average drawdown | 1.71 | 5.11 | -3.39 |
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
| PRNHX | DSPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.83 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.67 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.73 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.55 | -0.08 |
Correlation
The correlation between PRNHX and DSPIX is 0.81, 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
PRNHX vs. DSPIX - Dividend Comparison
PRNHX's dividend yield for the trailing twelve months is around 12.52%, less than DSPIX's 36.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRNHX T. Rowe Price New Horizons Fund | 12.52% | 11.85% | 9.82% | 0.00% | 4.72% | 17.09% | 13.67% | 23.46% | 13.94% | 8.27% | 5.77% | 7.72% |
DSPIX BNY Mellon Institutional S&P 500 Stock Index Fund | 36.45% | 33.86% | 27.60% | 27.46% | 18.33% | 12.91% | 1.15% | 5.01% | 6.33% | 2.53% | 2.91% | 2.63% |
Drawdowns
PRNHX vs. DSPIX - Drawdown Comparison
The maximum PRNHX drawdown since its inception was -70.96%, which is greater than DSPIX's maximum drawdown of -55.32%. Use the drawdown chart below to compare losses from any high point for PRNHX and DSPIX.
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Drawdown Indicators
| PRNHX | DSPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.96% | -55.32% | -15.64% |
Max Drawdown (1Y)Largest decline over 1 year | -13.70% | -12.15% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -48.37% | -24.62% | -23.75% |
Max Drawdown (10Y)Largest decline over 10 years | -48.37% | -33.79% | -14.58% |
Current DrawdownCurrent decline from peak | -27.08% | -8.92% | -18.16% |
Average DrawdownAverage peak-to-trough decline | -18.39% | -9.32% | -9.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 2.50% | +1.17% |
Volatility
PRNHX vs. DSPIX - Volatility Comparison
T. Rowe Price New Horizons Fund (PRNHX) has a higher volatility of 7.88% compared to BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) at 4.24%. This indicates that PRNHX's price experiences larger fluctuations and is considered to be riskier than DSPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRNHX | DSPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 4.24% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 14.48% | 9.11% | +5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.87% | 18.18% | +5.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.41% | 16.89% | +7.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.67% | 17.99% | +4.68% |