RPMGX vs. ^GSPC
Compare and contrast key facts about T. Rowe Price Mid-Cap Growth Fund (RPMGX) and S&P 500 (^GSPC).
RPMGX is managed by T. Rowe Price. It was launched on Jun 30, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPMGX or ^GSPC.
Key characteristics
| RPMGX | ^GSPC | |
|---|---|---|
| YTD Return | 8.23% | 18.13% |
| 1Y Return | 17.94% | 26.52% |
| 3Y Return (Ann) | 0.69% | 8.36% |
| 5Y Return (Ann) | 8.62% | 13.43% |
| 10Y Return (Ann) | 10.73% | 10.88% |
| Sharpe Ratio | 1.23 | 2.10 |
| Daily Std Dev | 14.20% | 12.68% |
| Max Drawdown | -54.66% | -56.78% |
| Current Drawdown | -2.76% | -0.58% |
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.
Performance
RPMGX vs. ^GSPC - Performance Comparison
In the year-to-date period, RPMGX achieves a 8.23% return, which is significantly lower than ^GSPC's 18.13% return. Both investments have delivered pretty close results over the past 10 years, with RPMGX having a 10.73% annualized return and ^GSPC not far ahead at 10.88%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Drawdowns
RPMGX vs. ^GSPC - Drawdown Comparison
The maximum RPMGX drawdown since its inception was -54.66%, 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.
Volatility
RPMGX vs. ^GSPC - Volatility Comparison
The current volatility for T. Rowe Price Mid-Cap Growth Fund (RPMGX) is 3.86%, while S&P 500 (^GSPC) has a volatility of 4.08%. This indicates that RPMGX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.