TQSIX vs. MIEYX
Compare and contrast key facts about T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) and MM S&P 500 Index Fund (MIEYX).
TQSIX is managed by T. Rowe Price. It was launched on Feb 26, 2016. MIEYX is a passively managed fund by MassMutual that tracks the performance of the S&P 500 Index. It was launched on Feb 27, 1998.
Performance
TQSIX vs. MIEYX - Performance Comparison
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TQSIX vs. MIEYX - 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% |
MIEYX MM S&P 500 Index Fund | -4.44% | 17.27% | 24.36% | 25.76% | -18.63% | 28.02% | 17.87% | 30.98% | -5.26% | 18.90% |
Returns By Period
In the year-to-date period, TQSIX achieves a 1.34% return, which is significantly higher than MIEYX's -4.44% return. Over the past 10 years, TQSIX has underperformed MIEYX with an annualized return of 11.77%, while MIEYX has yielded a comparatively higher 13.03% 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%
MIEYX
- 1D
- 2.93%
- 1M
- -5.05%
- YTD
- -4.44%
- 6M
- -2.35%
- 1Y
- 16.73%
- 3Y*
- 17.76%
- 5Y*
- 11.21%
- 10Y*
- 13.03%
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TQSIX vs. MIEYX - Expense Ratio Comparison
TQSIX has a 0.68% expense ratio, which is higher than MIEYX's 0.46% expense ratio.
Return for Risk
TQSIX vs. MIEYX — Risk / Return Rank
TQSIX
MIEYX
TQSIX vs. MIEYX - 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 MM S&P 500 Index Fund (MIEYX). 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 | MIEYX | 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 | 1.22 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.47 | +0.01 |
Martin ratioReturn relative to average drawdown | 6.26 | 7.02 | -0.76 |
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 | MIEYX | 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 | 0.44 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.58 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.37 | +0.25 |
Correlation
The correlation between TQSIX and MIEYX is 0.85, 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. MIEYX - Dividend Comparison
TQSIX's dividend yield for the trailing twelve months is around 1.30%, less than MIEYX's 18.45% 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% |
MIEYX MM S&P 500 Index Fund | 18.45% | 17.63% | 32.89% | 7.13% | 33.24% | 13.29% | 16.29% | 6.38% | 19.14% | 21.81% | 4.19% | 2.29% |
Drawdowns
TQSIX vs. MIEYX - Drawdown Comparison
The maximum TQSIX drawdown since its inception was -40.65%, smaller than the maximum MIEYX drawdown of -55.63%. Use the drawdown chart below to compare losses from any high point for TQSIX and MIEYX.
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Drawdown Indicators
| TQSIX | MIEYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.65% | -55.63% | +14.98% |
Max Drawdown (1Y)Largest decline over 1 year | -14.06% | -12.18% | -1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -23.76% | -36.63% | +12.87% |
Max Drawdown (10Y)Largest decline over 10 years | -40.65% | -36.63% | -4.02% |
Current DrawdownCurrent decline from peak | -7.27% | -16.34% | +9.07% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -12.60% | +7.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.54% | +0.78% |
Volatility
TQSIX vs. MIEYX - Volatility Comparison
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) has a higher volatility of 7.50% compared to MM S&P 500 Index Fund (MIEYX) at 5.36%. This indicates that TQSIX's price experiences larger fluctuations and is considered to be riskier than MIEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQSIX | MIEYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 5.36% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 9.54% | +2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.12% | 18.33% | +2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.44% | 25.51% | -6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 22.55% | -2.29% |