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

Correlation

The correlation between TMSL and VOO is 0.81, 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: 0.8

Performance

TMSL vs. VOO - 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 S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

10.00%20.00%30.00%40.00%December2025FebruaryMarchAprilMay
19.28%
29.84%
TMSL
VOO

Key characteristics

Sharpe Ratio

TMSL:

0.01

VOO:

0.57

Sortino Ratio

TMSL:

0.18

VOO:

0.92

Omega Ratio

TMSL:

1.02

VOO:

1.13

Calmar Ratio

TMSL:

0.01

VOO:

0.59

Martin Ratio

TMSL:

0.04

VOO:

2.33

Ulcer Index

TMSL:

7.21%

VOO:

4.70%

Daily Std Dev

TMSL:

21.96%

VOO:

19.10%

Max Drawdown

TMSL:

-24.39%

VOO:

-33.99%

Current Drawdown

TMSL:

-14.70%

VOO:

-8.61%

Returns By Period

In the year-to-date period, TMSL achieves a -7.40% return, which is significantly lower than VOO's -4.39% return.


TMSL

YTD

-7.40%

1M

-2.29%

6M

-6.60%

1Y

1.84%

5Y*

N/A

10Y*

N/A

VOO

YTD

-4.39%

1M

-0.47%

6M

-1.13%

1Y

13.11%

5Y*

16.41%

10Y*

12.23%

*Annualized

Compare stocks, funds, or ETFs

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TMSL vs. VOO - Expense Ratio Comparison

TMSL has a 0.55% expense ratio, which is higher than VOO's 0.03% expense ratio.


Expense ratio chart for TMSL: current value is 0.55%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TMSL: 0.55%
Expense ratio chart for VOO: current value is 0.03%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VOO: 0.03%

Risk-Adjusted Performance

TMSL vs. VOO — 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 2020
Overall Rank
The Sharpe Ratio Rank of TMSL is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of TMSL is 2121
Sortino Ratio Rank
The Omega Ratio Rank of TMSL is 2020
Omega Ratio Rank
The Calmar Ratio Rank of TMSL is 2020
Calmar Ratio Rank
The Martin Ratio Rank of TMSL is 2020
Martin Ratio Rank

VOO
The Risk-Adjusted Performance Rank of VOO is 6363
Overall Rank
The Sharpe Ratio Rank of VOO is 6161
Sharpe Ratio Rank
The Sortino Ratio Rank of VOO is 6161
Sortino Ratio Rank
The Omega Ratio Rank of VOO is 6363
Omega Ratio Rank
The Calmar Ratio Rank of VOO is 6565
Calmar Ratio Rank
The Martin Ratio Rank of VOO is 6464
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. VOO - 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 S&P 500 ETF (VOO). 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 TMSL, currently valued at 0.01, compared to the broader market-1.000.001.002.003.004.00
TMSL: 0.01
VOO: 0.57
The chart of Sortino ratio for TMSL, currently valued at 0.18, compared to the broader market-2.000.002.004.006.008.00
TMSL: 0.18
VOO: 0.92
The chart of Omega ratio for TMSL, currently valued at 1.02, compared to the broader market0.501.001.502.002.50
TMSL: 1.02
VOO: 1.13
The chart of Calmar ratio for TMSL, currently valued at 0.01, compared to the broader market0.002.004.006.008.0010.00
TMSL: 0.01
VOO: 0.59
The chart of Martin ratio for TMSL, currently valued at 0.04, compared to the broader market0.0020.0040.0060.00
TMSL: 0.04
VOO: 2.33

The current TMSL Sharpe Ratio is 0.01, which is lower than the VOO Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of TMSL and VOO, 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-1.000.001.002.003.00December2025FebruaryMarchAprilMay
0.01
0.57
TMSL
VOO

Dividends

TMSL vs. VOO - Dividend Comparison

TMSL's dividend yield for the trailing twelve months is around 0.48%, less than VOO's 1.36% yield.


TTM20242023202220212020201920182017201620152014
TMSL
T. Rowe Price Small-Mid Cap ETF
0.48%0.44%0.34%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VOO
Vanguard S&P 500 ETF
1.36%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%

Drawdowns

TMSL vs. VOO - Drawdown Comparison

The maximum TMSL drawdown since its inception was -24.39%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TMSL and VOO. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-14.70%
-8.61%
TMSL
VOO

Volatility

TMSL vs. VOO - Volatility Comparison

T. Rowe Price Small-Mid Cap ETF (TMSL) has a higher volatility of 15.04% compared to Vanguard S&P 500 ETF (VOO) at 13.84%. This indicates that TMSL's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
15.04%
13.84%
TMSL
VOO