TQSIX vs. GWSAX
TQSIX (T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund) and GWSAX (Gabelli Focused Growth and Income Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, TQSIX returned 12.75%/yr vs 5.51%/yr for GWSAX. Their correlation of 0.80 means they have usually moved in the same direction. TQSIX charges 0.68%/yr vs 1.25%/yr for GWSAX.
Performance
TQSIX vs. GWSAX - Performance Comparison
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Returns By Period
In the year-to-date period, TQSIX achieves a 18.73% return, which is significantly higher than GWSAX's 4.23% return. Over the past 10 years, TQSIX has outperformed GWSAX with an annualized return of 12.75%, while GWSAX has yielded a comparatively lower 5.51% 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%
GWSAX
- 1D
- -0.86%
- 1M
- 0.63%
- 6M
- -0.22%
- YTD
- 4.23%
- 1Y
- 9.21%
- 3Y*
- 6.90%
- 5Y*
- 4.08%
- 10Y*
- 5.51%
- ALL TIME*
- 6.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TQSIX vs. GWSAX - 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% |
GWSAX Gabelli Focused Growth and Income Fund | 4.23% | 2.11% | 13.19% | 11.90% | -13.71% | 27.12% | 8.69% | 26.78% | -25.30% | 17.07% |
Correlation
The correlation between TQSIX and GWSAX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2016 | 0.80 |
Over the past year, the correlation between TQSIX and GWSAX has dropped to 0.48 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
TQSIX vs. GWSAX — Risk / Return Rank
TQSIX
GWSAX
TQSIX vs. GWSAX - 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 Gabelli Focused Growth and Income Fund (GWSAX). 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 | GWSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.16 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.33 | +1.43 |
| Martin ratioReturn relative to average drawdown | 10.95 | 3.08 | +7.87 |
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Drawdowns
TQSIX vs. GWSAX - Drawdown Comparison
The maximum TQSIX drawdown since its inception was -40.65%, smaller than the maximum GWSAX drawdown of -55.75%. Use the drawdown chart below to compare losses from any high point for TQSIX and GWSAX.
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Drawdown Indicators
| TQSIX | GWSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.65% | -55.75% | +15.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.41% | -6.54% | -3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -23.76% | -15.58% | -8.18% |
Max Drawdown (5Y)Largest decline over 5 years | -23.76% | -18.91% | -4.85% |
Max Drawdown (10Y)Largest decline over 10 years | -40.65% | -50.67% | +10.02% |
Current DrawdownCurrent decline from peak | -1.60% | -4.43% | +2.83% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -9.22% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.82% | -0.19% |
Volatility
TQSIX vs. GWSAX - Volatility Comparison
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) has a higher volatility of 3.60% compared to Gabelli Focused Growth and Income Fund (GWSAX) at 2.66%. This indicates that TQSIX's price experiences larger fluctuations and is considered to be riskier than GWSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQSIX | GWSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 2.66% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 13.58% | 7.01% | +6.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 9.73% | +7.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.60% | 15.35% | +4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.34% | 19.71% | +0.63% |
TQSIX vs. GWSAX - Expense Ratio Comparison
TQSIX has a 0.68% expense ratio, which is lower than GWSAX's 1.25% expense ratio.
Dividends
TQSIX vs. GWSAX - Dividend Comparison
TQSIX's dividend yield for the trailing twelve months is around 1.11%, less than GWSAX's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GWSAX Gabelli Focused Growth and Income Fund | 4.61% | 5.11% | 4.39% | 4.57% | 5.00% | 3.90% | 0.00% | 0.00% | 0.09% | 0.49% | 1.16% |
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
TQSIX and GWSAX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQSIX has higher volatility (3.60%) compared to GWSAX (2.66%). In terms of maximum drawdown, TQSIX dropped -40.65% vs GWSAX's -55.75%.
TQSIX currently has the higher Sharpe Ratio (1.68 vs 0.90), 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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