QCGLIX vs. PRDSX

Last updated Jun 4, 2026

QCGLIX (CREF Global Equities Account - R3) and PRDSX (T. Rowe Price QM U.S. Small-Cap Growth Equity Fund) are both mutual funds - QCGLIX is a Global Equities fund tracking the MSCI ACWI NR USD, while PRDSX is a Small Cap Growth Equities fund managed by T. Rowe Price. Over the past year, QCGLIX returned 31.37% vs 28.98% for PRDSX. Their correlation of 0.80 suggests significant overlap in exposure. QCGLIX charges 0.24%/yr vs 0.78%/yr for PRDSX.

Performance

QCGLIX vs. PRDSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CREF Global Equities Account - R3 (QCGLIX) and T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCGLIX achieves a 13.34% return, which is significantly lower than PRDSX's 14.76% return.

QCGLIX

• 1D: 0.59%
• 1M: 6.08%
• YTD: 13.34%
• 6M: 13.83%
• 1Y: 31.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PRDSX

• 1D: 0.93%
• 1M: 3.81%
• YTD: 14.76%
• 6M: 13.56%
• 1Y: 28.98%
• 3Y*: 16.49%
• 5Y*: 7.58%
• 10Y*: 11.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QCGLIX vs. PRDSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QCGLIX CREF Global Equities Account - R3	13.34%	20.08%	0.00%
PRDSX T. Rowe Price QM U.S. Small-Cap Growth Equity Fund	14.76%	10.10%	-0.92%

Correlation

The correlation between QCGLIX and PRDSX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Dec 30, 2024	0.80

The correlation between QCGLIX and PRDSX has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.

Return for Risk

QCGLIX vs. PRDSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QCGLIX

QCGLIX Risk / Return Rank: 66
QCGLIX Sharpe Ratio Rank: 67
QCGLIX Sortino Ratio Rank: 61
QCGLIX Omega Ratio Rank: 62
QCGLIX Calmar Ratio Rank: 65
QCGLIX Martin Ratio Rank: 73

PRDSX

PRDSX Risk / Return Rank: 37
PRDSX Sharpe Ratio Rank: 32
PRDSX Sortino Ratio Rank: 32
PRDSX Omega Ratio Rank: 30
PRDSX Calmar Ratio Rank: 45
PRDSX Martin Ratio Rank: 48

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.

QCGLIX vs. PRDSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CREF Global Equities Account - R3 (QCGLIX) and T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX). 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.

	QCGLIX	PRDSX	Difference
Sharpe ratio: Return per unit of total volatility	2.40	1.64	+0.76
Sortino ratio: Return per unit of downside risk	3.28	2.35	+0.93
Omega ratio: Gain probability vs. loss probability	1.44	1.28	+0.15
Calmar ratio: Return relative to maximum drawdown	3.10	2.55	+0.55
Martin ratio: Return relative to average drawdown	13.83	9.89	+3.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QCGLIX vs. PRDSX - Sharpe Ratio Comparison

The current QCGLIX Sharpe Ratio is 2.40, which is higher than the PRDSX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of QCGLIX and PRDSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QCGLIX	PRDSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	1.64	+0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.56	0.37	+1.19

Drawdowns

QCGLIX vs. PRDSX - Drawdown Comparison

The maximum QCGLIX drawdown since its inception was -18.15%, smaller than the maximum PRDSX drawdown of -58.95%. Use the drawdown chart below to compare losses from any high point for QCGLIX and PRDSX.

Drawdown Indicators

	QCGLIX	PRDSX	Difference
Max Drawdown Largest peak-to-trough decline	-18.15%	-58.95%	+40.80%
Max Drawdown (1Y) Largest decline over 1 year	-10.29%	-12.08%	+1.79%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.84%	—
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	0.00%	-0.33%	+0.33%
Average Drawdown Average peak-to-trough decline	-2.22%	-14.16%	+11.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	3.11%	-0.82%

Volatility

QCGLIX vs. PRDSX - Volatility Comparison

The current volatility for CREF Global Equities Account - R3 (QCGLIX) is 3.92%, while T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (PRDSX) has a volatility of 6.03%. This indicates that QCGLIX experiences smaller price fluctuations and is considered to be less risky than PRDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCGLIX	PRDSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	6.03%	-2.11%
Volatility (6M) Calculated over the trailing 6-month period	10.64%	14.75%	-4.11%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	18.82%	-5.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.89%	21.37%	-5.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.89%	21.51%	-5.62%

QCGLIX vs. PRDSX - Expense Ratio Comparison

QCGLIX has a 0.24% expense ratio, which is lower than PRDSX's 0.78% expense ratio.

Dividends

QCGLIX vs. PRDSX - Dividend Comparison

QCGLIX has not paid dividends to shareholders, while PRDSX's dividend yield for the trailing twelve months is around 5.53%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRDSX T. Rowe Price QM U.S. Small-Cap Growth Equity Fund	5.53%	6.35%	7.96%	2.43%	3.72%	13.97%	2.91%	4.12%	4.53%	0.10%	0.02%	1.83%
QCGLIX CREF Global Equities Account - R3	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QCGLIX and PRDSX in my portfolio?

QCGLIX and PRDSX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCGLIX or PRDSX?

PRDSX has higher volatility (6.03%) compared to QCGLIX (3.92%). In terms of maximum drawdown, QCGLIX dropped -18.15% vs PRDSX's -58.95%.

Which has better risk-adjusted returns?

QCGLIX currently has the higher Sharpe Ratio (2.40 vs 1.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.