TQSIX vs. PRWCX
Compare and contrast key facts about T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) and T. Rowe Price Capital Appreciation Fund (PRWCX).
TQSIX is managed by T. Rowe Price. It was launched on Feb 26, 2016. PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986.
Performance
TQSIX vs. PRWCX - Performance Comparison
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TQSIX vs. PRWCX - 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% |
PRWCX T. Rowe Price Capital Appreciation Fund | -3.22% | 20.92% | 12.50% | 18.85% | -12.00% | 18.45% | 18.13% | 24.62% | 0.63% | 15.34% |
Returns By Period
In the year-to-date period, TQSIX achieves a 1.34% return, which is significantly higher than PRWCX's -3.22% return. Both investments have delivered pretty close results over the past 10 years, with TQSIX having a 11.77% annualized return and PRWCX not far behind at 11.41%.
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%
PRWCX
- 1D
- 1.91%
- 1M
- -2.92%
- YTD
- -3.22%
- 6M
- 5.51%
- 1Y
- 16.80%
- 3Y*
- 13.72%
- 5Y*
- 9.22%
- 10Y*
- 11.41%
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TQSIX vs. PRWCX - Expense Ratio Comparison
Both TQSIX and PRWCX have an expense ratio of 0.68%.
Return for Risk
TQSIX vs. PRWCX — Risk / Return Rank
TQSIX
PRWCX
TQSIX vs. PRWCX - 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 T. Rowe Price Capital Appreciation Fund (PRWCX). 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 | PRWCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.27 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.51 | 2.37 | -0.85 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.34 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 2.34 | -0.86 |
Martin ratioReturn relative to average drawdown | 6.26 | 9.70 | -3.44 |
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 | PRWCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.27 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.70 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.88 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.90 | -0.28 |
Correlation
The correlation between TQSIX and PRWCX is 0.82, 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. PRWCX - Dividend Comparison
TQSIX's dividend yield for the trailing twelve months is around 1.30%, less than PRWCX's 16.24% 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% |
PRWCX T. Rowe Price Capital Appreciation Fund | 16.24% | 15.72% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% |
Drawdowns
TQSIX vs. PRWCX - Drawdown Comparison
The maximum TQSIX drawdown since its inception was -40.65%, roughly equal to the maximum PRWCX drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for TQSIX and PRWCX.
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Drawdown Indicators
| TQSIX | PRWCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.65% | -41.77% | +1.12% |
Max Drawdown (1Y)Largest decline over 1 year | -14.06% | -6.80% | -7.26% |
Max Drawdown (5Y)Largest decline over 5 years | -23.76% | -17.07% | -6.69% |
Max Drawdown (10Y)Largest decline over 10 years | -40.65% | -26.86% | -13.79% |
Current DrawdownCurrent decline from peak | -7.27% | -4.47% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -3.34% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 1.64% | +1.68% |
Volatility
TQSIX vs. PRWCX - Volatility Comparison
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) has a higher volatility of 7.50% compared to T. Rowe Price Capital Appreciation Fund (PRWCX) at 3.64%. This indicates that TQSIX's price experiences larger fluctuations and is considered to be riskier than PRWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQSIX | PRWCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 3.64% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 9.78% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.12% | 13.57% | +7.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.44% | 13.24% | +6.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 12.98% | +7.28% |