TQSIX vs. IJR
Compare and contrast key facts about T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) and iShares Core S&P Small-Cap ETF (IJR).
TQSIX is managed by T. Rowe Price. It was launched on Feb 26, 2016. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000.
Performance
TQSIX vs. IJR - Performance Comparison
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TQSIX vs. IJR - 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% |
IJR iShares Core S&P Small-Cap ETF | 4.11% | 5.89% | 8.63% | 16.06% | -16.20% | 26.58% | 11.28% | 22.82% | -8.51% | 13.15% |
Returns By Period
In the year-to-date period, TQSIX achieves a 1.34% return, which is significantly lower than IJR's 4.11% return. Over the past 10 years, TQSIX has outperformed IJR with an annualized return of 11.77%, while IJR has yielded a comparatively lower 9.88% 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%
IJR
- 1D
- 0.49%
- 1M
- -4.18%
- YTD
- 4.11%
- 6M
- 5.47%
- 1Y
- 20.83%
- 3Y*
- 10.67%
- 5Y*
- 4.19%
- 10Y*
- 9.88%
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TQSIX vs. IJR - Expense Ratio Comparison
TQSIX has a 0.68% expense ratio, which is higher than IJR's 0.06% expense ratio.
Return for Risk
TQSIX vs. IJR — Risk / Return Rank
TQSIX
IJR
TQSIX vs. IJR - 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 iShares Core S&P Small-Cap ETF (IJR). 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 | IJR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.92 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.43 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.42 | +0.06 |
Martin ratioReturn relative to average drawdown | 6.26 | 5.73 | +0.52 |
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 | IJR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.92 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.20 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.43 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.42 | +0.20 |
Correlation
The correlation between TQSIX and IJR is 0.95, 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. IJR - Dividend Comparison
TQSIX's dividend yield for the trailing twelve months is around 1.30%, more than IJR's 1.28% 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% |
IJR iShares Core S&P Small-Cap ETF | 1.28% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
Drawdowns
TQSIX vs. IJR - Drawdown Comparison
The maximum TQSIX drawdown since its inception was -40.65%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for TQSIX and IJR.
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Drawdown Indicators
| TQSIX | IJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.65% | -58.15% | +17.50% |
Max Drawdown (1Y)Largest decline over 1 year | -14.06% | -14.85% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -23.76% | -28.02% | +4.26% |
Max Drawdown (10Y)Largest decline over 10 years | -40.65% | -44.36% | +3.71% |
Current DrawdownCurrent decline from peak | -7.27% | -5.26% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -9.34% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.68% | -0.36% |
Volatility
TQSIX vs. IJR - Volatility Comparison
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) has a higher volatility of 7.50% compared to iShares Core S&P Small-Cap ETF (IJR) at 6.25%. This indicates that TQSIX's price experiences larger fluctuations and is considered to be riskier than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQSIX | IJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 6.25% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 12.99% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.12% | 22.66% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.44% | 21.51% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 22.91% | -2.65% |