TQSIX vs. IWM
Compare and contrast key facts about T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) and iShares Russell 2000 ETF (IWM).
TQSIX is managed by T. Rowe Price. It was launched on Feb 26, 2016. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TQSIX or IWM.
Key characteristics
| TQSIX | IWM | |
|---|---|---|
| YTD Return | 24.31% | 19.68% |
| 1Y Return | 46.00% | 44.16% |
| 3Y Return (Ann) | 9.31% | 0.95% |
| 5Y Return (Ann) | 13.54% | 9.84% |
| Sharpe Ratio | 2.60 | 1.94 |
| Sortino Ratio | 3.62 | 2.78 |
| Omega Ratio | 1.46 | 1.34 |
| Calmar Ratio | 4.12 | 1.44 |
| Martin Ratio | 17.15 | 11.17 |
| Ulcer Index | 2.59% | 3.75% |
| Daily Std Dev | 17.11% | 21.57% |
| Max Drawdown | -40.65% | -59.05% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TQSIX and IWM is 0.96, 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.
Performance
TQSIX vs. IWM - Performance Comparison
In the year-to-date period, TQSIX achieves a 24.31% return, which is significantly higher than IWM's 19.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TQSIX vs. IWM - Expense Ratio Comparison
TQSIX has a 0.68% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
TQSIX vs. IWM - Risk-Adjusted Performance 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 Russell 2000 ETF (IWM). 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.
Dividends
TQSIX vs. IWM - Dividend Comparison
TQSIX's dividend yield for the trailing twelve months is around 0.57%, less than IWM's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQSIX T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund | 0.57% | 0.71% | 0.79% | 0.47% | 0.34% | 0.50% | 0.64% | 0.49% | 0.64% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.08% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
TQSIX vs. IWM - Drawdown Comparison
The maximum TQSIX drawdown since its inception was -40.65%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for TQSIX and IWM. For additional features, visit the drawdowns tool.
Volatility
TQSIX vs. IWM - Volatility Comparison
The current volatility for T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) is 5.37%, while iShares Russell 2000 ETF (IWM) has a volatility of 7.16%. This indicates that TQSIX experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.