TMSL vs. VOE
Compare and contrast key facts about T. Rowe Price Small-Mid Cap ETF (TMSL) and Vanguard Mid-Cap Value ETF (VOE).
TMSL and VOE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TMSL is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TMSL or VOE.
Key characteristics
| TMSL | VOE | |
|---|---|---|
| YTD Return | 23.62% | 21.05% |
| 1Y Return | 42.57% | 35.81% |
| Sharpe Ratio | 2.82 | 3.08 |
| Sortino Ratio | 3.78 | 4.31 |
| Omega Ratio | 1.49 | 1.55 |
| Calmar Ratio | 5.13 | 3.05 |
| Martin Ratio | 15.84 | 19.39 |
| Ulcer Index | 2.80% | 1.92% |
| Daily Std Dev | 15.71% | 12.05% |
| Max Drawdown | -13.22% | -61.55% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TMSL and VOE is 0.89, 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
In the year-to-date period, TMSL achieves a 23.62% return, which is significantly higher than VOE's 21.05% return. 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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TMSL vs. VOE - Expense Ratio Comparison
TMSL has a 0.55% expense ratio, which is higher than VOE's 0.07% expense ratio.
Risk-Adjusted Performance
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.
Dividends
TMSL vs. VOE - Dividend Comparison
TMSL's dividend yield for the trailing twelve months is around 0.27%, less than VOE's 2.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMSL T. Rowe Price Small-Mid Cap ETF | 0.27% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOE Vanguard Mid-Cap Value ETF | 2.04% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
Drawdowns
TMSL vs. VOE - Drawdown Comparison
The maximum TMSL drawdown since its inception was -13.22%, smaller than the maximum VOE drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for TMSL and VOE. For additional features, visit the drawdowns tool.
Volatility
TMSL vs. VOE - Volatility Comparison
T. Rowe Price Small-Mid Cap ETF (TMSL) has a higher volatility of 4.95% compared to Vanguard Mid-Cap Value ETF (VOE) at 3.44%. 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.