TQSMX vs. AZBIX
TQSMX (T. Rowe Price Integrated US Small-Mid Cap Equity Fund) and AZBIX (Virtus Small-Cap Fund) are both Small Cap Blend Equities funds. Over the past 10 years, TQSMX returned 12.54%/yr vs 11.60%/yr for AZBIX. Their 0.95 correlation means they have historically moved very closely together. TQSMX charges 0.87%/yr vs 0.89%/yr for AZBIX.
Performance
TQSMX vs. AZBIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TQSMX having a 19.83% return and AZBIX slightly higher at 20.46%. Over the past 10 years, TQSMX has outperformed AZBIX with an annualized return of 12.54%, while AZBIX has yielded a comparatively lower 11.60% annualized return.
TQSMX
- 1D
- 1.24%
- 1M
- 0.57%
- 6M
- 13.10%
- YTD
- 19.83%
- 1Y
- 30.99%
- 3Y*
- 19.11%
- 5Y*
- 12.37%
- 10Y*
- 12.54%
- ALL TIME*
- 13.64%
AZBIX
- 1D
- 1.19%
- 1M
- -0.37%
- 6M
- 14.21%
- YTD
- 20.46%
- 1Y
- 31.52%
- 3Y*
- 17.45%
- 5Y*
- 8.95%
- 10Y*
- 11.60%
- ALL TIME*
- 11.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TQSMX vs. AZBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TQSMX T. Rowe Price Integrated US Small-Mid Cap Equity Fund | 19.83% | 12.75% | 16.34% | 21.72% | -13.07% | 21.85% | 11.68% | 30.19% | -10.91% | 15.44% |
AZBIX Virtus Small-Cap Fund | 20.46% | 8.49% | 19.06% | 14.09% | -18.04% | 18.92% | 16.98% | 24.13% | -9.25% | 21.27% |
Correlation
The correlation between TQSMX and AZBIX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2016 | 0.95 |
The correlation between TQSMX and AZBIX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
TQSMX vs. AZBIX — Risk / Return Rank
TQSMX
AZBIX
TQSMX vs. AZBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Integrated US Small-Mid Cap Equity Fund (TQSMX) and Virtus Small-Cap Fund (AZBIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TQSMX | AZBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.67 | -0.50 |
| Martin ratioReturn relative to average drawdown | 12.52 | 12.28 | +0.24 |
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Drawdowns
TQSMX vs. AZBIX - Drawdown Comparison
The maximum TQSMX drawdown since its inception was -40.66%, roughly equal to the maximum AZBIX drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for TQSMX and AZBIX.
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Drawdown Indicators
| TQSMX | AZBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.66% | -40.80% | +0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -9.33% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -23.82% | -29.01% | +5.19% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -29.85% | +6.03% |
Max Drawdown (10Y)Largest decline over 10 years | -40.66% | -40.80% | +0.14% |
Current DrawdownCurrent decline from peak | -0.56% | -2.40% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -5.11% | -7.64% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.79% | -0.17% |
Volatility
TQSMX vs. AZBIX - Volatility Comparison
T. Rowe Price Integrated US Small-Mid Cap Equity Fund (TQSMX) and Virtus Small-Cap Fund (AZBIX) have volatilities of 3.77% and 3.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQSMX | AZBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 3.95% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 13.59% | 13.10% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 17.42% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 20.50% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.37% | 21.35% | -0.98% |
TQSMX vs. AZBIX - Expense Ratio Comparison
TQSMX has a 0.87% expense ratio, which is lower than AZBIX's 0.89% expense ratio.
Dividends
TQSMX vs. AZBIX - Dividend Comparison
TQSMX's dividend yield for the trailing twelve months is around 0.96%, less than AZBIX's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AZBIX Virtus Small-Cap Fund | 4.07% | 4.90% | 10.82% | 2.31% | 4.78% | 13.82% | 0.45% | 0.38% | 9.62% | 13.80% | 0.03% | 3.59% |
TQSMX T. Rowe Price Integrated US Small-Mid Cap Equity Fund | 0.96% | 1.15% | 6.48% | 3.39% | 6.06% | 1.40% | 0.81% | 1.18% | 2.12% | 0.35% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, TQSMX and AZBIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AZBIX has higher volatility (3.95%) compared to TQSMX (3.77%). In terms of maximum drawdown, TQSMX dropped -40.66% vs AZBIX's -40.80%.
AZBIX currently has the higher Sharpe Ratio (1.97 vs 1.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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