TQSIX vs. FCAGX
Compare and contrast key facts about T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) and Fidelity Advisor Small Cap Growth Fund Class A (FCAGX).
TQSIX is managed by T. Rowe Price. It was launched on Feb 26, 2016. FCAGX is managed by Fidelity. It was launched on Nov 3, 2004.
Performance
TQSIX vs. FCAGX - Performance Comparison
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TQSIX vs. FCAGX - 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 | 1.34% | 12.94% | 16.54% | 21.99% | -12.97% | 22.12% | 11.92% | 30.43% | -10.78% | 15.52% |
FCAGX Fidelity Advisor Small Cap Growth Fund Class A | -0.87% | 10.88% | 20.21% | 18.72% | -25.57% | 10.19% | 36.01% | 35.97% | -4.85% | 28.62% |
Returns By Period
In the year-to-date period, TQSIX achieves a 1.34% return, which is significantly higher than FCAGX's -0.87% return. Over the past 10 years, TQSIX has underperformed FCAGX with an annualized return of 11.77%, while FCAGX has yielded a comparatively higher 13.00% annualized return.
TQSIX
- 1D
- 3.51%
- 1M
- -6.56%
- YTD
- 1.34%
- 6M
- 3.43%
- 1Y
- 20.68%
- 3Y*
- 16.17%
- 5Y*
- 9.20%
- 10Y*
- 11.77%
FCAGX
- 1D
- 4.98%
- 1M
- -6.49%
- YTD
- -0.87%
- 6M
- 2.10%
- 1Y
- 23.76%
- 3Y*
- 13.57%
- 5Y*
- 3.87%
- 10Y*
- 13.00%
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TQSIX vs. FCAGX - Expense Ratio Comparison
TQSIX has a 0.68% expense ratio, which is lower than FCAGX's 1.29% expense ratio.
Return for Risk
TQSIX vs. FCAGX — Risk / Return Rank
TQSIX
FCAGX
TQSIX vs. FCAGX - 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 Fidelity Advisor Small Cap Growth Fund Class A (FCAGX). 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.
| TQSIX | FCAGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.95 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.45 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.68 | -0.20 |
Martin ratioReturn relative to average drawdown | 6.26 | 6.23 | +0.03 |
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
| TQSIX | FCAGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.95 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.17 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.57 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.46 | +0.16 |
Correlation
The correlation between TQSIX and FCAGX is 0.91, 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.
Dividends
TQSIX vs. FCAGX - Dividend Comparison
TQSIX's dividend yield for the trailing twelve months is around 1.30%, less than FCAGX's 7.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQSIX T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund | 1.30% | 1.32% | 6.61% | 3.55% | 6.35% | 1.58% | 0.81% | 1.24% | 2.28% | 0.42% | 0.88% | 0.00% |
FCAGX Fidelity Advisor Small Cap Growth Fund Class A | 7.01% | 6.94% | 1.20% | 0.00% | 0.00% | 20.36% | 8.58% | 5.58% | 14.80% | 7.05% | 0.79% | 4.32% |
Drawdowns
TQSIX vs. FCAGX - Drawdown Comparison
The maximum TQSIX drawdown since its inception was -40.65%, smaller than the maximum FCAGX drawdown of -61.19%. Use the drawdown chart below to compare losses from any high point for TQSIX and FCAGX.
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Drawdown Indicators
| TQSIX | FCAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.65% | -61.19% | +20.54% |
Max Drawdown (1Y)Largest decline over 1 year | -14.06% | -13.76% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -23.76% | -39.13% | +15.37% |
Max Drawdown (10Y)Largest decline over 10 years | -40.65% | -39.13% | -1.52% |
Current DrawdownCurrent decline from peak | -7.27% | -8.87% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -11.56% | +6.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.70% | -0.38% |
Volatility
TQSIX vs. FCAGX - Volatility Comparison
The current volatility for T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) is 7.50%, while Fidelity Advisor Small Cap Growth Fund Class A (FCAGX) has a volatility of 9.90%. This indicates that TQSIX experiences smaller price fluctuations and is considered to be less risky than FCAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQSIX | FCAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 9.90% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 16.76% | -4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.12% | 24.94% | -3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.44% | 23.42% | -3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 22.74% | -2.48% |