PRWAX vs. PMEGX
Compare and contrast key facts about T. Rowe Price All-Cap Opportunities Fund (PRWAX) and T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX).
PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985. PMEGX is managed by T. Rowe Price. It was launched on Jul 31, 1996.
Performance
PRWAX vs. PMEGX - Performance Comparison
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PRWAX vs. PMEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRWAX T. Rowe Price All-Cap Opportunities Fund | -12.37% | 26.78% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 34.51% |
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | -6.62% | 3.73% | 9.15% | 20.69% | -23.19% | 15.50% | 23.95% | 33.08% | -2.23% | 26.02% |
Returns By Period
In the year-to-date period, PRWAX achieves a -12.37% return, which is significantly lower than PMEGX's -6.62% return. Over the past 10 years, PRWAX has outperformed PMEGX with an annualized return of 16.95%, while PMEGX has yielded a comparatively lower 9.38% annualized return.
PRWAX
- 1D
- -0.24%
- 1M
- -9.15%
- YTD
- -12.37%
- 6M
- -3.78%
- 1Y
- 16.34%
- 3Y*
- 18.79%
- 5Y*
- 10.36%
- 10Y*
- 16.95%
PMEGX
- 1D
- -0.33%
- 1M
- -9.23%
- YTD
- -6.62%
- 6M
- -5.92%
- 1Y
- 4.40%
- 3Y*
- 5.91%
- 5Y*
- 1.89%
- 10Y*
- 9.38%
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PRWAX vs. PMEGX - Expense Ratio Comparison
PRWAX has a 0.76% expense ratio, which is higher than PMEGX's 0.61% expense ratio.
Return for Risk
PRWAX vs. PMEGX — Risk / Return Rank
PRWAX
PMEGX
PRWAX vs. PMEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price All-Cap Opportunities Fund (PRWAX) and T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX). 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.
| PRWAX | PMEGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 0.23 | +0.64 |
Sortino ratioReturn per unit of downside risk | 1.42 | 0.47 | +0.95 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.06 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.17 | +0.85 |
Martin ratioReturn relative to average drawdown | 3.79 | 0.69 | +3.10 |
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
| PRWAX | PMEGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.23 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.09 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.48 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.51 | +0.08 |
Correlation
The correlation between PRWAX and PMEGX 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
PRWAX vs. PMEGX - Dividend Comparison
PRWAX's dividend yield for the trailing twelve months is around 19.01%, less than PMEGX's 22.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWAX T. Rowe Price All-Cap Opportunities Fund | 19.01% | 16.66% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 22.59% | 21.10% | 14.15% | 7.07% | 1.65% | 12.80% | 4.44% | 5.11% | 10.42% | 6.30% | 1.04% | 6.18% |
Drawdowns
PRWAX vs. PMEGX - Drawdown Comparison
The maximum PRWAX drawdown since its inception was -55.06%, roughly equal to the maximum PMEGX drawdown of -55.88%. Use the drawdown chart below to compare losses from any high point for PRWAX and PMEGX.
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Drawdown Indicators
| PRWAX | PMEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -55.88% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.05% | -12.70% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -29.38% | -32.87% | +3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -30.50% | -37.16% | +6.66% |
Current DrawdownCurrent decline from peak | -14.05% | -14.99% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -9.92% | -9.01% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 3.14% | +0.65% |
Volatility
PRWAX vs. PMEGX - Volatility Comparison
T. Rowe Price All-Cap Opportunities Fund (PRWAX) and T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) have volatilities of 4.90% and 4.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRWAX | PMEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 4.74% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.45% | 9.68% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.42% | 18.85% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.88% | 20.02% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.82% | 19.78% | -0.96% |