RPMGX vs. TRMCX

Last updated Jun 24, 2026

RPMGX (T. Rowe Price Mid-Cap Growth Fund) and TRMCX (T. Rowe Price Mid-Cap Value Fund) are both mutual funds - RPMGX is a Mid Cap Growth Equities fund managed by T. Rowe Price, while TRMCX is a Mid Cap Value Equities fund managed by T. Rowe Price. Over the past 10 years, RPMGX returned 11.37%/yr vs 12.06%/yr for TRMCX. Their correlation of 0.87 suggests significant overlap in exposure. RPMGX charges 0.72%/yr vs 0.77%/yr for TRMCX.

Performance

RPMGX vs. TRMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Mid-Cap Growth Fund (RPMGX) and T. Rowe Price Mid-Cap Value Fund (TRMCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RPMGX achieves a 1.94% return, which is significantly lower than TRMCX's 18.18% return. Over the past 10 years, RPMGX has underperformed TRMCX with an annualized return of 11.37%, while TRMCX has yielded a comparatively higher 12.06% annualized return.

RPMGX

• 1D: 0.19%
• 1M: 0.91%
• YTD: 1.94%
• 6M: 0.62%
• 1Y: 6.25%
• 3Y*: 12.05%
• 5Y*: 4.75%
• 10Y*: 11.37%

TRMCX

• 1D: 0.24%
• 1M: 3.23%
• YTD: 18.18%
• 6M: 17.06%
• 1Y: 29.61%
• 3Y*: 18.35%
• 5Y*: 11.67%
• 10Y*: 12.06%

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

RPMGX vs. TRMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RPMGX T. Rowe Price Mid-Cap Growth Fund	1.94%	3.65%	21.08%	20.27%	-22.51%	14.94%	24.16%	31.53%	-2.12%	24.80%
TRMCX T. Rowe Price Mid-Cap Value Fund	18.18%	6.16%	16.21%	18.99%	-4.16%	24.51%	9.84%	19.59%	-10.66%	11.59%

Correlation

The correlation between RPMGX and TRMCX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jun 28, 1996	0.87

The correlation between RPMGX and TRMCX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.

Return for Risk

RPMGX vs. TRMCX — Risk / Return Rank

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

RPMGX

RPMGX Risk / Return Rank: 7
RPMGX Sharpe Ratio Rank: 7
RPMGX Sortino Ratio Rank: 7
RPMGX Omega Ratio Rank: 6
RPMGX Calmar Ratio Rank: 7
RPMGX Martin Ratio Rank: 9

TRMCX

TRMCX Risk / Return Rank: 66
TRMCX Sharpe Ratio Rank: 62
TRMCX Sortino Ratio Rank: 66
TRMCX Omega Ratio Rank: 54
TRMCX Calmar Ratio Rank: 77
TRMCX Martin Ratio Rank: 69

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.

RPMGX vs. TRMCX - 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 Mid-Cap Value Fund (TRMCX). 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	TRMCX	Difference
Sharpe ratio: Return per unit of total volatility	0.50	2.13	-1.63
Sortino ratio: Return per unit of downside risk	0.82	3.10	-2.28
Omega ratio: Gain probability vs. loss probability	1.09	1.37	-0.28
Calmar ratio: Return relative to maximum drawdown	0.68	3.30	-2.61
Martin ratio: Return relative to average drawdown	2.32	12.48	-10.16

RPMGX vs. TRMCX - Sharpe Ratio Comparison

The current RPMGX Sharpe Ratio is 0.50, which is lower than the TRMCX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of RPMGX and TRMCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RPMGX vs. TRMCX - Drawdown Comparison

The maximum RPMGX drawdown since its inception was -54.66%, roughly equal to the maximum TRMCX drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for RPMGX and TRMCX.

Drawdown Indicators

	RPMGX	TRMCX	Difference
Max Drawdown Largest peak-to-trough decline	-54.66%	-55.28%	+0.62%
Max Drawdown (1Y) Largest decline over 1 year	-10.21%	-9.41%	-0.80%
Max Drawdown (3Y) Largest decline over 3 years	-21.52%	-29.60%	+8.08%
Max Drawdown (5Y) Largest decline over 5 years	-32.08%	-29.60%	-2.48%
Max Drawdown (10Y) Largest decline over 10 years	-35.96%	-39.41%	+3.45%
Current Drawdown Current decline from peak	-1.92%	0.00%	-1.92%
Average Drawdown Average peak-to-trough decline	-6.96%	-6.63%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	2.48%	+0.53%

Volatility

RPMGX vs. TRMCX - Volatility Comparison

The current volatility for T. Rowe Price Mid-Cap Growth Fund (RPMGX) is 4.39%, while T. Rowe Price Mid-Cap Value Fund (TRMCX) has a volatility of 4.76%. This indicates that RPMGX experiences smaller price fluctuations and is considered to be less risky than TRMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPMGX	TRMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	4.76%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	10.72%	11.03%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	13.90%	14.60%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.16%	19.30%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.02%	19.67%	-0.65%

RPMGX vs. TRMCX - Expense Ratio Comparison

RPMGX has a 0.72% expense ratio, which is lower than TRMCX's 0.77% expense ratio.

Dividends

RPMGX vs. TRMCX - Dividend Comparison

RPMGX's dividend yield for the trailing twelve months is around 6.23%, more than TRMCX's 4.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RPMGX T. Rowe Price Mid-Cap Growth Fund	6.23%	6.35%	20.43%	6.35%	2.60%	10.52%	4.53%	5.29%	12.12%	8.04%	3.45%	9.51%
TRMCX T. Rowe Price Mid-Cap Value Fund	4.59%	5.43%	14.20%	7.65%	13.92%	9.22%	3.79%	4.25%	12.13%	6.58%	6.74%	11.39%

Frequently Asked Questions

Can I hold both RPMGX and TRMCX in my portfolio?

RPMGX and TRMCX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RPMGX or TRMCX?

TRMCX has higher volatility (4.76%) compared to RPMGX (4.39%). In terms of maximum drawdown, RPMGX dropped -54.66% vs TRMCX's -55.28%.

Which has better risk-adjusted returns?

TRMCX currently has the higher Sharpe Ratio (2.13 vs 0.50), 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.