PRSVX vs. SPY
Compare and contrast key facts about T. Rowe Price Small-Cap Value Fund (PRSVX) and State Street SPDR S&P 500 ETF (SPY).
PRSVX is managed by T. Rowe Price. It was launched on Jun 30, 1988. 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
PRSVX vs. SPY - Performance Comparison
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PRSVX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRSVX T. Rowe Price Small-Cap Value Fund | 3.77% | 21.18% | 10.84% | 12.34% | -18.53% | 25.47% | 12.49% | 25.82% | -11.58% | 12.84% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 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, PRSVX achieves a 3.77% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, PRSVX has underperformed SPY with an annualized return of 10.92%, while SPY has yielded a comparatively higher 14.06% annualized return.
PRSVX
- 1D
- 2.78%
- 1M
- -5.04%
- YTD
- 3.77%
- 6M
- 18.45%
- 1Y
- 33.24%
- 3Y*
- 16.06%
- 5Y*
- 6.95%
- 10Y*
- 10.92%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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PRSVX vs. SPY - Expense Ratio Comparison
PRSVX has a 0.78% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
PRSVX vs. SPY — Risk / Return Rank
PRSVX
SPY
PRSVX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Small-Cap Value Fund (PRSVX) 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.
| PRSVX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 0.96 | +0.48 |
Sortino ratioReturn per unit of downside risk | 2.26 | 1.49 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.53 | +0.54 |
Martin ratioReturn relative to average drawdown | 8.63 | 7.27 | +1.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRSVX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 0.96 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.70 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.79 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.56 | +0.07 |
Correlation
The correlation between PRSVX and SPY is 0.76, 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
PRSVX vs. SPY - Dividend Comparison
PRSVX's dividend yield for the trailing twelve months is around 21.96%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRSVX T. Rowe Price Small-Cap Value Fund | 21.96% | 22.79% | 9.77% | 3.27% | 5.28% | 6.98% | 2.03% | 4.59% | 9.46% | 3.79% | 3.77% | 22.55% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
PRSVX vs. SPY - Drawdown Comparison
The maximum PRSVX drawdown since its inception was -55.37%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PRSVX and SPY.
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Drawdown Indicators
| PRSVX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.37% | -55.19% | -0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -14.04% | -12.05% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -28.17% | -24.50% | -3.67% |
Max Drawdown (10Y)Largest decline over 10 years | -40.97% | -33.72% | -7.25% |
Current DrawdownCurrent decline from peak | -5.61% | -5.53% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -7.52% | -9.09% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 2.54% | +1.14% |
Volatility
PRSVX vs. SPY - Volatility Comparison
T. Rowe Price Small-Cap Value Fund (PRSVX) has a higher volatility of 6.72% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that PRSVX'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
| PRSVX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 5.35% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 16.12% | 9.50% | +6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.88% | 19.06% | +4.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.42% | 17.06% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.28% | 17.92% | +3.36% |