TQSIX vs. DNLDX
TQSIX (T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund) and DNLDX (BNY Mellon Active MidCap Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, TQSIX returned 13.23%/yr vs 10.25%/yr for DNLDX. With a 0.95 correlation, they move nearly in lockstep. TQSIX charges 0.68%/yr vs 1.00%/yr for DNLDX.
Performance
TQSIX vs. DNLDX - Performance Comparison
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Returns By Period
In the year-to-date period, TQSIX achieves a 18.06% return, which is significantly higher than DNLDX's 12.91% return. Over the past 10 years, TQSIX has outperformed DNLDX with an annualized return of 13.23%, while DNLDX has yielded a comparatively lower 10.25% annualized return.
TQSIX
- 1D
- 1.63%
- 1M
- 4.88%
- YTD
- 18.06%
- 6M
- 16.63%
- 1Y
- 33.69%
- 3Y*
- 20.12%
- 5Y*
- 12.77%
- 10Y*
- 13.23%
DNLDX
- 1D
- 1.23%
- 1M
- 4.12%
- YTD
- 12.91%
- 6M
- 11.82%
- 1Y
- 23.13%
- 3Y*
- 18.12%
- 5Y*
- 11.15%
- 10Y*
- 10.25%
TQSIX vs. DNLDX - 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 | 18.06% | 12.94% | 16.54% | 21.99% | -12.97% | 22.12% | 11.92% | 30.43% | -10.78% | 15.52% |
DNLDX BNY Mellon Active MidCap Fund | 12.91% | 9.79% | 22.27% | 16.99% | -14.34% | 26.49% | 9.29% | 16.82% | -14.46% | 16.64% |
Correlation
The correlation between TQSIX and DNLDX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2016 | 0.95 |
The correlation between TQSIX and DNLDX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
TQSIX vs. DNLDX — Risk / Return Rank
TQSIX
DNLDX
TQSIX vs. DNLDX - 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 BNY Mellon Active MidCap Fund (DNLDX). 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 | DNLDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.30 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 3.21 | +0.04 |
| Martin ratioReturn relative to average drawdown | 13.02 | 12.00 | +1.02 |
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Drawdowns
TQSIX vs. DNLDX - Drawdown Comparison
The maximum TQSIX drawdown since its inception was -40.65%, smaller than the maximum DNLDX drawdown of -63.69%. Use the drawdown chart below to compare losses from any high point for TQSIX and DNLDX.
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Drawdown Indicators
| TQSIX | DNLDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.65% | -63.69% | +23.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.41% | -7.29% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -23.76% | -20.42% | -3.34% |
Max Drawdown (5Y)Largest decline over 5 years | -23.76% | -23.42% | -0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -40.65% | -42.23% | +1.58% |
Current DrawdownCurrent decline from peak | 0.00% | -0.59% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -9.62% | +4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 1.95% | +0.65% |
Volatility
TQSIX vs. DNLDX - Volatility Comparison
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) has a higher volatility of 6.27% compared to BNY Mellon Active MidCap Fund (DNLDX) at 4.53%. This indicates that TQSIX's price experiences larger fluctuations and is considered to be riskier than DNLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQSIX | DNLDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 4.53% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 13.41% | 10.13% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.99% | 13.50% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.63% | 18.55% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.38% | 19.54% | +0.84% |
TQSIX vs. DNLDX - Expense Ratio Comparison
TQSIX has a 0.68% expense ratio, which is lower than DNLDX's 1.00% expense ratio.
Dividends
TQSIX vs. DNLDX - Dividend Comparison
TQSIX's dividend yield for the trailing twelve months is around 1.12%, less than DNLDX's 13.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNLDX BNY Mellon Active MidCap Fund | 13.31% | 14.15% | 15.24% | 1.69% | 8.82% | 17.74% | 2.77% | 2.65% | 11.14% | 11.32% | 1.00% | 3.12% |
TQSIX T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund | 1.12% | 1.32% | 6.61% | 3.55% | 6.35% | 1.58% | 0.81% | 1.24% | 2.28% | 0.42% | 0.88% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, TQSIX and DNLDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TQSIX has higher volatility (6.27%) compared to DNLDX (4.53%). In terms of maximum drawdown, TQSIX dropped -40.65% vs DNLDX's -63.69%.
TQSIX currently has the higher Sharpe Ratio (2.00 vs 1.73), 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.
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