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TPLGX vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

TPLGX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Institutional Large Cap Core Growth Fund (TPLGX) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
13.30%
10.78%
TPLGX
QQQ

Returns By Period

In the year-to-date period, TPLGX achieves a 34.45% return, which is significantly higher than QQQ's 24.04% return. Over the past 10 years, TPLGX has underperformed QQQ with an annualized return of 12.33%, while QQQ has yielded a comparatively higher 18.03% annualized return.


TPLGX

YTD

34.45%

1M

3.60%

6M

13.30%

1Y

33.40%

5Y (annualized)

11.41%

10Y (annualized)

12.33%

QQQ

YTD

24.04%

1M

3.57%

6M

10.78%

1Y

30.56%

5Y (annualized)

20.99%

10Y (annualized)

18.03%

Key characteristics


TPLGXQQQ
Sharpe Ratio1.911.76
Sortino Ratio2.542.35
Omega Ratio1.351.32
Calmar Ratio1.202.25
Martin Ratio9.898.18
Ulcer Index3.38%3.74%
Daily Std Dev17.51%17.36%
Max Drawdown-56.03%-82.98%
Current Drawdown-1.60%-1.62%

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TPLGX vs. QQQ - Expense Ratio Comparison

TPLGX has a 0.57% expense ratio, which is higher than QQQ's 0.20% expense ratio.


TPLGX
T. Rowe Price Institutional Large Cap Core Growth Fund
Expense ratio chart for TPLGX: current value at 0.57% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.57%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Correlation

-0.50.00.51.00.9

The correlation between TPLGX and QQQ is 0.94, 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.

Risk-Adjusted Performance

TPLGX vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Large Cap Core Growth Fund (TPLGX) and Invesco QQQ (QQQ). 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.


Sharpe ratio
The chart of Sharpe ratio for TPLGX, currently valued at 1.91, compared to the broader market-1.000.001.002.003.004.005.001.911.76
The chart of Sortino ratio for TPLGX, currently valued at 2.54, compared to the broader market0.005.0010.002.542.35
The chart of Omega ratio for TPLGX, currently valued at 1.35, compared to the broader market1.002.003.004.001.351.32
The chart of Calmar ratio for TPLGX, currently valued at 1.20, compared to the broader market0.005.0010.0015.0020.001.202.25
The chart of Martin ratio for TPLGX, currently valued at 9.89, compared to the broader market0.0020.0040.0060.0080.00100.009.898.18
TPLGX
QQQ

The current TPLGX Sharpe Ratio is 1.91, which is comparable to the QQQ Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of TPLGX and QQQ, 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 Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.91
1.76
TPLGX
QQQ

Dividends

TPLGX vs. QQQ - Dividend Comparison

TPLGX's dividend yield for the trailing twelve months is around 0.02%, less than QQQ's 0.60% yield.


TTM20232022202120202019201820172016201520142013
TPLGX
T. Rowe Price Institutional Large Cap Core Growth Fund
0.02%0.03%0.00%0.00%0.02%0.18%0.16%0.19%0.25%0.11%0.08%0.15%
QQQ
Invesco QQQ
0.60%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

TPLGX vs. QQQ - Drawdown Comparison

The maximum TPLGX drawdown since its inception was -56.03%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TPLGX and QQQ. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.60%
-1.62%
TPLGX
QQQ

Volatility

TPLGX vs. QQQ - Volatility Comparison

The current volatility for T. Rowe Price Institutional Large Cap Core Growth Fund (TPLGX) is 5.09%, while Invesco QQQ (QQQ) has a volatility of 5.36%. This indicates that TPLGX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JuneJulyAugustSeptemberOctoberNovember
5.09%
5.36%
TPLGX
QQQ