RPMGX vs. PMEGX
RPMGX (T. Rowe Price Mid-Cap Growth Fund) and PMEGX (T. Rowe Price Institutional Mid Cap Equity Growth Fund) are both Mid Cap Growth Equities funds from T. Rowe Price. Over the past 10 years, RPMGX returned 10.66%/yr vs 9.78%/yr for PMEGX. Their 1.00 correlation means they have historically moved very closely together. RPMGX charges 0.77%/yr vs 0.61%/yr for PMEGX.
Performance
RPMGX vs. PMEGX - Performance Comparison
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Returns By Period
In the year-to-date period, RPMGX achieves a 2.74% return, which is significantly lower than PMEGX's 3.03% return. Over the past 10 years, RPMGX has outperformed PMEGX with an annualized return of 10.66%, while PMEGX has yielded a comparatively lower 9.78% annualized return.
RPMGX
- 1D
- 0.48%
- 1M
- -1.63%
- 6M
- 2.42%
- YTD
- 2.74%
- 1Y
- 5.92%
- 3Y*
- 9.89%
- 5Y*
- 4.27%
- 10Y*
- 10.66%
- ALL TIME*
- 12.70%
PMEGX
- 1D
- 0.47%
- 1M
- -1.53%
- 6M
- 2.67%
- YTD
- 3.03%
- 1Y
- 6.19%
- 3Y*
- 6.28%
- 5Y*
- 2.15%
- 10Y*
- 9.78%
- ALL TIME*
- 10.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RPMGX vs. PMEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPMGX T. Rowe Price Mid-Cap Growth Fund | 2.74% | 3.65% | 21.08% | 20.27% | -22.51% | 14.94% | 24.16% | 31.53% | -2.12% | 24.80% |
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 3.03% | 3.73% | 9.15% | 20.69% | -23.19% | 15.50% | 23.95% | 33.08% | -2.23% | 26.02% |
Correlation
The correlation between RPMGX and PMEGX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 1996 | 1.00 |
The correlation between RPMGX and PMEGX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
RPMGX vs. PMEGX — Risk / Return Rank
RPMGX
PMEGX
RPMGX vs. PMEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Mid-Cap Growth Fund (RPMGX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RPMGX | PMEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.06 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 0.41 | -0.02 |
| Martin ratioReturn relative to average drawdown | 1.31 | 1.39 | -0.08 |
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Drawdowns
RPMGX vs. PMEGX - Drawdown Comparison
The maximum RPMGX drawdown since its inception was -54.66%, roughly equal to the maximum PMEGX drawdown of -55.88%. Use the drawdown chart below to compare losses from any high point for RPMGX and PMEGX.
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Drawdown Indicators
| RPMGX | PMEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.66% | -55.88% | +1.22% |
Max Drawdown (1Y)Largest decline over 1 year | -10.21% | -10.21% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -21.52% | -27.99% | +6.47% |
Max Drawdown (5Y)Largest decline over 5 years | -32.08% | -32.87% | +0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -35.96% | -37.16% | +1.20% |
Current DrawdownCurrent decline from peak | -2.02% | -6.20% | +4.18% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -8.99% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 3.04% | 0.00% |
Volatility
RPMGX vs. PMEGX - Volatility Comparison
T. Rowe Price Mid-Cap Growth Fund (RPMGX) and T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) have volatilities of 2.51% and 2.50%, 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
| RPMGX | PMEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 2.50% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 10.49% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 13.64% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 20.11% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.94% | 19.75% | -0.81% |
RPMGX vs. PMEGX - Expense Ratio Comparison
RPMGX has a 0.77% expense ratio, which is higher than PMEGX's 0.61% expense ratio.
Dividends
RPMGX vs. PMEGX - Dividend Comparison
RPMGX's dividend yield for the trailing twelve months is around 6.18%, less than PMEGX's 20.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 20.48% | 21.10% | 14.15% | 7.07% | 1.65% | 12.80% | 4.44% | 5.11% | 10.42% | 6.30% | 1.04% | 6.18% |
RPMGX T. Rowe Price Mid-Cap Growth Fund | 6.18% | 6.35% | 20.43% | 6.35% | 2.60% | 10.52% | 4.53% | 5.29% | 12.12% | 8.04% | 3.45% | 9.51% |
Frequently Asked Questions
With a correlation of 0.98, RPMGX and PMEGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RPMGX has higher volatility (2.51%) compared to PMEGX (2.50%). In terms of maximum drawdown, RPMGX dropped -54.66% vs PMEGX's -55.88%.
PMEGX currently has the higher Sharpe Ratio (0.31 vs 0.29), 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.
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