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RPMGX vs. ^GSPC
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between RPMGX and ^GSPC is 0.86, 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.


-0.50.00.51.0
Correlation: 0.9

Performance

RPMGX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Mid-Cap Growth Fund (RPMGX) and S&P 500 (^GSPC). The values are adjusted to include any dividend payments, if applicable.

800.00%900.00%1,000.00%1,100.00%1,200.00%1,300.00%1,400.00%NovemberDecember2025FebruaryMarchApril
847.53%
1,212.21%
RPMGX
^GSPC

Key characteristics

Sharpe Ratio

RPMGX:

-0.46

^GSPC:

0.49

Sortino Ratio

RPMGX:

-0.48

^GSPC:

0.81

Omega Ratio

RPMGX:

0.93

^GSPC:

1.12

Calmar Ratio

RPMGX:

-0.25

^GSPC:

0.50

Martin Ratio

RPMGX:

-0.92

^GSPC:

2.07

Ulcer Index

RPMGX:

10.67%

^GSPC:

4.57%

Daily Std Dev

RPMGX:

21.40%

^GSPC:

19.43%

Max Drawdown

RPMGX:

-58.69%

^GSPC:

-56.78%

Current Drawdown

RPMGX:

-32.35%

^GSPC:

-10.73%

Returns By Period

In the year-to-date period, RPMGX achieves a -8.60% return, which is significantly lower than ^GSPC's -6.75% return. Over the past 10 years, RPMGX has underperformed ^GSPC with an annualized return of 1.22%, while ^GSPC has yielded a comparatively higher 10.05% annualized return.


RPMGX

YTD

-8.60%

1M

-4.48%

6M

-16.53%

1Y

-11.49%

5Y*

2.28%

10Y*

1.22%

^GSPC

YTD

-6.75%

1M

-5.05%

6M

-5.60%

1Y

8.15%

5Y*

14.14%

10Y*

10.05%

*Annualized

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Risk-Adjusted Performance

RPMGX vs. ^GSPC — Risk-Adjusted Performance Rank

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

RPMGX
The Risk-Adjusted Performance Rank of RPMGX is 66
Overall Rank
The Sharpe Ratio Rank of RPMGX is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of RPMGX is 55
Sortino Ratio Rank
The Omega Ratio Rank of RPMGX is 55
Omega Ratio Rank
The Calmar Ratio Rank of RPMGX is 77
Calmar Ratio Rank
The Martin Ratio Rank of RPMGX is 66
Martin Ratio Rank

^GSPC
The Risk-Adjusted Performance Rank of ^GSPC is 7474
Overall Rank
The Sharpe Ratio Rank of ^GSPC is 7373
Sharpe Ratio Rank
The Sortino Ratio Rank of ^GSPC is 7171
Sortino Ratio Rank
The Omega Ratio Rank of ^GSPC is 7272
Omega Ratio Rank
The Calmar Ratio Rank of ^GSPC is 7777
Calmar Ratio Rank
The Martin Ratio Rank of ^GSPC is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

RPMGX vs. ^GSPC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Mid-Cap Growth Fund (RPMGX) and S&P 500 (^GSPC). 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.


The chart of Sharpe ratio for RPMGX, currently valued at -0.46, compared to the broader market-1.000.001.002.003.00
RPMGX: -0.46
^GSPC: 0.49
The chart of Sortino ratio for RPMGX, currently valued at -0.48, compared to the broader market-2.000.002.004.006.008.00
RPMGX: -0.48
^GSPC: 0.81
The chart of Omega ratio for RPMGX, currently valued at 0.93, compared to the broader market0.501.001.502.002.503.00
RPMGX: 0.93
^GSPC: 1.12
The chart of Calmar ratio for RPMGX, currently valued at -0.25, compared to the broader market0.002.004.006.008.0010.00
RPMGX: -0.25
^GSPC: 0.50
The chart of Martin ratio for RPMGX, currently valued at -0.92, compared to the broader market0.0010.0020.0030.0040.0050.00
RPMGX: -0.92
^GSPC: 2.07

The current RPMGX Sharpe Ratio is -0.46, which is lower than the ^GSPC Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of RPMGX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.46
0.49
RPMGX
^GSPC

Drawdowns

RPMGX vs. ^GSPC - Drawdown Comparison

The maximum RPMGX drawdown since its inception was -58.69%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for RPMGX and ^GSPC. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-32.35%
-10.73%
RPMGX
^GSPC

Volatility

RPMGX vs. ^GSPC - Volatility Comparison

T. Rowe Price Mid-Cap Growth Fund (RPMGX) and S&P 500 (^GSPC) have volatilities of 13.53% and 14.23%, 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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
13.53%
14.23%
RPMGX
^GSPC