TQSIX vs. AMZN

Last updated Aug 1, 2026

TQSIX (T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund) is Mid Cap Blend Equities fund managed by T. Rowe Price, while AMZN (Amazon.com, Inc) is a stock. Over the past 10 years, TQSIX returned 12.75%/yr vs 21.72%/yr for AMZN. Their 0.46 correlation means their historical movements had little consistent relationship.

Performance

TQSIX vs. AMZN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) and Amazon.com, Inc (AMZN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TQSIX achieves a 18.73% return, which is significantly higher than AMZN's 17.66% return. Over the past 10 years, TQSIX has underperformed AMZN with an annualized return of 12.75%, while AMZN has yielded a comparatively higher 21.72% annualized return.

TQSIX

• 1D: 1.18%
• 1M: -0.50%
• 6M: 12.97%
• YTD: 18.73%
• 1Y: 31.60%
• 3Y*: 18.14%
• 5Y*: 12.24%
• 10Y*: 12.75%
• ALL TIME*: 13.81%

AMZN

• 1D: 15.32%
• 1M: 11.91%
• 6M: 13.49%
• YTD: 17.66%
• 1Y: 26.46%
• 3Y*: 27.29%
• 5Y*: 10.30%
• 10Y*: 21.72%
• ALL TIME*: 30.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMZN Amazon.com, Inc	$13.00B	$11.21B	$12.30B
TQSIX T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund	$0.00	$0.00	$0.00

TQSIX vs. AMZN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TQSIX T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund	18.73%	12.94%	16.54%	21.99%	-12.97%	22.12%	11.92%	30.43%	-10.78%	15.52%
AMZN Amazon.com, Inc	17.66%	5.21%	44.39%	80.88%	-49.62%	2.38%	76.26%	23.03%	28.43%	55.96%

Correlation

The correlation between TQSIX and AMZN is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (3Y) Balances recent behavior with more history.	0.40
Correlation (5Y) Shows whether the relationship held over a longer period.	0.51
Correlation (10Y) Provides a long-term view across more market conditions.	0.46
Correlation (All Time) Calculated using the full available price history since Feb 29, 2016	0.46

The correlation between TQSIX and AMZN shifts across timeframes, from 0.37 (1 year) to 0.51 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TQSIX vs. AMZN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TQSIX

TQSIX Risk / Return Rank: 76
TQSIX Sharpe Ratio Rank: 72
TQSIX Sortino Ratio Rank: 72
TQSIX Omega Ratio Rank: 68
TQSIX Calmar Ratio Rank: 83
TQSIX Martin Ratio Rank: 86

AMZN

AMZN Risk / Return Rank: 60
AMZN Sharpe Ratio Rank: 62
AMZN Sortino Ratio Rank: 58
AMZN Omega Ratio Rank: 56
AMZN Calmar Ratio Rank: 62
AMZN Martin Ratio Rank: 61

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TQSIX vs. AMZN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) and Amazon.com, Inc (AMZN). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TQSIX	AMZN	Difference
Sharpe ratio: Return per unit of total volatility	1.68	0.46	+1.22
Sortino ratio: Return per unit of downside risk	2.44	0.94	+1.50
Omega ratio: Gain probability vs. loss probability	1.30	1.11	+0.18
Calmar ratio: Return relative to maximum drawdown	2.76	0.74	+2.03
Martin ratio: Return relative to average drawdown	10.95	1.58	+9.37

TQSIX vs. AMZN - Sharpe Ratio Comparison

The current TQSIX Sharpe Ratio is 1.68, which is higher than the AMZN Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of TQSIX and AMZN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TQSIX vs. AMZN - Drawdown Comparison

The maximum TQSIX drawdown since its inception was -40.65%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for TQSIX and AMZN.

Drawdown Indicators

	TQSIX	AMZN	Difference
Max Drawdown Largest peak-to-trough decline	-40.65%	-94.40%	+53.75%
Max Drawdown (1Y) Largest decline over 1 year	-10.41%	-21.74%	+11.33%
Max Drawdown (3Y) Largest decline over 3 years	-23.76%	-30.88%	+7.12%
Max Drawdown (5Y) Largest decline over 5 years	-23.76%	-55.73%	+31.97%
Max Drawdown (10Y) Largest decline over 10 years	-40.65%	-56.15%	+15.50%
Current Drawdown Current decline from peak	-1.60%	-1.24%	-0.36%
Average Drawdown Average peak-to-trough decline	-5.05%	-28.11%	+23.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	10.26%	-7.63%

Volatility

TQSIX vs. AMZN - Volatility Comparison

The current volatility for T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) is 3.60%, while Amazon.com, Inc (AMZN) has a volatility of 16.52%. This indicates that TQSIX experiences smaller price fluctuations and is considered to be less risky than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TQSIX	AMZN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	16.52%	-12.92%
Volatility (6M) Calculated over the trailing 6-month period	13.58%	26.50%	-12.92%
Volatility (1Y) Calculated over the trailing 1-year period	17.16%	35.20%	-18.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.60%	36.27%	-16.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.34%	33.00%	-12.66%

Dividends

TQSIX vs. AMZN - Dividend Comparison

TQSIX's dividend yield for the trailing twelve months is around 1.11%, while AMZN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AMZN Amazon.com, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQSIX T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund	1.11%	1.32%	6.61%	3.55%	6.35%	1.58%	0.81%	1.24%	2.28%	0.42%	0.88%

Frequently Asked Questions

Can I hold both TQSIX and AMZN in my portfolio?

TQSIX and AMZN have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TQSIX or AMZN?

AMZN has higher volatility (16.52%) compared to TQSIX (3.60%). In terms of maximum drawdown, TQSIX dropped -40.65% vs AMZN's -94.40%.

Which has better risk-adjusted returns?

TQSIX currently has the higher Sharpe Ratio (1.68 vs 0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.