TPLGX vs. SMMD
Compare and contrast key facts about T. Rowe Price Institutional Large Cap Core Growth Fund (TPLGX) and iShares Russell 2500 ETF (SMMD).
TPLGX is managed by T. Rowe Price. It was launched on Sep 30, 2003. SMMD is a passively managed fund by iShares that tracks the performance of the Russell 2500 Index. It was launched on Jul 6, 2017.
Performance
TPLGX vs. SMMD - Performance Comparison
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TPLGX vs. SMMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPLGX T. Rowe Price Institutional Large Cap Core Growth Fund | -14.47% | 18.66% | 35.22% | 49.63% | -38.49% | 17.84% | 34.70% | 30.15% | 2.18% | 13.64% |
SMMD iShares Russell 2500 ETF | 2.10% | 11.72% | 11.87% | 17.71% | -18.53% | 18.30% | 19.98% | 28.01% | -10.58% | 10.82% |
Returns By Period
In the year-to-date period, TPLGX achieves a -14.47% return, which is significantly lower than SMMD's 2.10% return.
TPLGX
- 1D
- -0.34%
- 1M
- -8.80%
- YTD
- -14.47%
- 6M
- -12.97%
- 1Y
- 11.57%
- 3Y*
- 20.82%
- 5Y*
- 8.15%
- 10Y*
- 14.45%
SMMD
- 1D
- 3.53%
- 1M
- -5.15%
- YTD
- 2.10%
- 6M
- 4.19%
- 1Y
- 23.65%
- 3Y*
- 13.21%
- 5Y*
- 5.12%
- 10Y*
- —
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TPLGX vs. SMMD - Expense Ratio Comparison
TPLGX has a 0.57% expense ratio, which is higher than SMMD's 0.15% expense ratio.
Return for Risk
TPLGX vs. SMMD — Risk / Return Rank
TPLGX
SMMD
TPLGX vs. SMMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Large Cap Core Growth Fund (TPLGX) and iShares Russell 2500 ETF (SMMD). 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.
| TPLGX | SMMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 1.08 | -0.55 |
Sortino ratioReturn per unit of downside risk | 0.92 | 1.62 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.22 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.51 | 1.67 | -1.16 |
Martin ratioReturn relative to average drawdown | 1.78 | 7.05 | -5.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TPLGX | SMMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 1.08 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.25 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.42 | +0.10 |
Correlation
The correlation between TPLGX and SMMD is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TPLGX vs. SMMD - Dividend Comparison
TPLGX's dividend yield for the trailing twelve months is around 23.73%, more than SMMD's 1.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TPLGX T. Rowe Price Institutional Large Cap Core Growth Fund | 23.73% | 20.30% | 12.87% | 3.70% | 4.39% | 8.81% | 0.59% | 0.60% | 1.65% | 1.39% | 0.25% | 0.44% |
SMMD iShares Russell 2500 ETF | 1.22% | 1.28% | 1.27% | 1.44% | 1.79% | 1.12% | 1.31% | 1.50% | 2.45% | 0.68% | 0.00% | 0.00% |
Drawdowns
TPLGX vs. SMMD - Drawdown Comparison
The maximum TPLGX drawdown since its inception was -54.57%, which is greater than SMMD's maximum drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for TPLGX and SMMD.
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Drawdown Indicators
| TPLGX | SMMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.57% | -41.06% | -13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -17.15% | -14.02% | -3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -43.45% | -28.26% | -15.19% |
Max Drawdown (10Y)Largest decline over 10 years | -43.45% | — | — |
Current DrawdownCurrent decline from peak | -17.15% | -6.47% | -10.68% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -8.52% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 3.32% | +1.56% |
Volatility
TPLGX vs. SMMD - Volatility Comparison
The current volatility for T. Rowe Price Institutional Large Cap Core Growth Fund (TPLGX) is 5.55%, while iShares Russell 2500 ETF (SMMD) has a volatility of 7.30%. This indicates that TPLGX experiences smaller price fluctuations and is considered to be less risky than SMMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPLGX | SMMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 7.30% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.76% | 13.19% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.38% | 22.05% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.27% | 20.80% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.84% | 22.46% | +0.38% |