TQSIX vs. VEXAX
Compare and contrast key facts about T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) and Vanguard Extended Market Index Fund Admiral Shares (VEXAX).
TQSIX is managed by T. Rowe Price. It was launched on Feb 26, 2016. VEXAX is managed by Vanguard. It was launched on Nov 13, 2000.
Performance
TQSIX vs. VEXAX - Performance Comparison
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TQSIX vs. VEXAX - 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% |
VEXAX Vanguard Extended Market Index Fund Admiral Shares | -1.26% | 11.42% | 15.47% | 26.95% | -26.46% | 12.45% | 32.22% | 28.03% | -9.37% | 18.11% |
Returns By Period
In the year-to-date period, TQSIX achieves a 1.34% return, which is significantly higher than VEXAX's -1.26% return. Over the past 10 years, TQSIX has outperformed VEXAX with an annualized return of 11.77%, while VEXAX has yielded a comparatively lower 10.92% 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%
VEXAX
- 1D
- 3.44%
- 1M
- -5.35%
- YTD
- -1.26%
- 6M
- -1.36%
- 1Y
- 20.16%
- 3Y*
- 15.07%
- 5Y*
- 3.99%
- 10Y*
- 10.92%
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TQSIX vs. VEXAX - Expense Ratio Comparison
TQSIX has a 0.68% expense ratio, which is higher than VEXAX's 0.06% expense ratio.
Return for Risk
TQSIX vs. VEXAX — Risk / Return Rank
TQSIX
VEXAX
TQSIX vs. VEXAX - 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 Vanguard Extended Market Index Fund Admiral Shares (VEXAX). 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 | VEXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.91 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.41 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.39 | +0.09 |
Martin ratioReturn relative to average drawdown | 6.26 | 5.71 | +0.55 |
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 | VEXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.91 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.18 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.49 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.35 | +0.27 |
Correlation
The correlation between TQSIX and VEXAX 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. VEXAX - Dividend Comparison
TQSIX's dividend yield for the trailing twelve months is around 1.30%, more than VEXAX's 1.18% 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% |
VEXAX Vanguard Extended Market Index Fund Admiral Shares | 1.18% | 1.14% | 1.09% | 1.25% | 1.15% | 1.13% | 1.07% | 1.30% | 1.66% | 1.25% | 1.43% | 1.35% |
Drawdowns
TQSIX vs. VEXAX - Drawdown Comparison
The maximum TQSIX drawdown since its inception was -40.65%, smaller than the maximum VEXAX drawdown of -58.08%. Use the drawdown chart below to compare losses from any high point for TQSIX and VEXAX.
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Drawdown Indicators
| TQSIX | VEXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.65% | -58.08% | +17.43% |
Max Drawdown (1Y)Largest decline over 1 year | -14.06% | -14.63% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -23.76% | -36.33% | +12.57% |
Max Drawdown (10Y)Largest decline over 10 years | -40.65% | -41.62% | +0.97% |
Current DrawdownCurrent decline from peak | -7.27% | -7.17% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -12.25% | +7.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.57% | -0.25% |
Volatility
TQSIX vs. VEXAX - Volatility Comparison
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) has a higher volatility of 7.50% compared to Vanguard Extended Market Index Fund Admiral Shares (VEXAX) at 7.02%. This indicates that TQSIX's price experiences larger fluctuations and is considered to be riskier than VEXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQSIX | VEXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 7.02% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 13.51% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.12% | 22.99% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.44% | 22.38% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 22.33% | -2.07% |