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TMSL vs. VOE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TMSL and VOE is 0.71, 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

TMSL vs. VOE - Performance Comparison

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

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Key characteristics

Sharpe Ratio

TMSL:

0.17

VOE:

0.55

Sortino Ratio

TMSL:

0.38

VOE:

0.85

Omega Ratio

TMSL:

1.05

VOE:

1.11

Calmar Ratio

TMSL:

0.14

VOE:

0.48

Martin Ratio

TMSL:

0.45

VOE:

1.52

Ulcer Index

TMSL:

7.73%

VOE:

5.80%

Daily Std Dev

TMSL:

22.46%

VOE:

16.87%

Max Drawdown

TMSL:

-24.39%

VOE:

-61.54%

Current Drawdown

TMSL:

-9.90%

VOE:

-7.22%

Returns By Period

In the year-to-date period, TMSL achieves a -2.19% return, which is significantly lower than VOE's 0.43% return.


TMSL

YTD

-2.19%

1M

5.63%

6M

-9.54%

1Y

3.02%

3Y*

N/A

5Y*

N/A

10Y*

N/A

VOE

YTD

0.43%

1M

3.68%

6M

-7.22%

1Y

7.39%

3Y*

6.00%

5Y*

13.67%

10Y*

8.14%

*Annualized

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T. Rowe Price Small-Mid Cap ETF

Vanguard Mid-Cap Value ETF

TMSL vs. VOE - Expense Ratio Comparison

TMSL has a 0.55% expense ratio, which is higher than VOE's 0.07% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

TMSL vs. VOE — Risk-Adjusted Performance Rank

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

TMSL
The Risk-Adjusted Performance Rank of TMSL is 2222
Overall Rank
The Sharpe Ratio Rank of TMSL is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of TMSL is 2323
Sortino Ratio Rank
The Omega Ratio Rank of TMSL is 2222
Omega Ratio Rank
The Calmar Ratio Rank of TMSL is 2323
Calmar Ratio Rank
The Martin Ratio Rank of TMSL is 2222
Martin Ratio Rank

VOE
The Risk-Adjusted Performance Rank of VOE is 4747
Overall Rank
The Sharpe Ratio Rank of VOE is 4848
Sharpe Ratio Rank
The Sortino Ratio Rank of VOE is 4848
Sortino Ratio Rank
The Omega Ratio Rank of VOE is 4646
Omega Ratio Rank
The Calmar Ratio Rank of VOE is 5050
Calmar Ratio Rank
The Martin Ratio Rank of VOE is 4444
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.

TMSL vs. VOE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Small-Mid Cap ETF (TMSL) and Vanguard Mid-Cap Value ETF (VOE). 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 current TMSL Sharpe Ratio is 0.17, which is lower than the VOE Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of TMSL and VOE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

TMSL vs. VOE - Dividend Comparison

TMSL's dividend yield for the trailing twelve months is around 0.45%, less than VOE's 2.32% yield.


TTM20242023202220212020201920182017201620152014
TMSL
T. Rowe Price Small-Mid Cap ETF
0.45%0.44%0.34%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VOE
Vanguard Mid-Cap Value ETF
2.32%2.11%2.27%2.27%1.78%2.36%2.05%2.75%1.86%1.92%2.05%1.67%

Drawdowns

TMSL vs. VOE - Drawdown Comparison

The maximum TMSL drawdown since its inception was -24.39%, smaller than the maximum VOE drawdown of -61.54%. Use the drawdown chart below to compare losses from any high point for TMSL and VOE.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

TMSL vs. VOE - Volatility Comparison

T. Rowe Price Small-Mid Cap ETF (TMSL) has a higher volatility of 5.86% compared to Vanguard Mid-Cap Value ETF (VOE) at 4.49%. This indicates that TMSL's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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