TQSMX vs. FHLC
Compare and contrast key facts about T. Rowe Price Integrated US Small-Mid Cap Equity Fund (TQSMX) and Fidelity MSCI Health Care Index ETF (FHLC).
TQSMX is an actively managed fund by T. Rowe Price. It was launched on Feb 26, 2016. FHLC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Health Care Index. It was launched on Oct 21, 2013.
Performance
TQSMX vs. FHLC - Performance Comparison
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TQSMX vs. FHLC - 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 | -2.14% | 13.55% | 16.34% | 21.72% | -13.07% | 21.85% | 11.68% | 30.19% | -10.91% | 15.44% |
FHLC Fidelity MSCI Health Care Index ETF | -4.22% | 15.42% | 2.48% | 2.58% | -5.55% | 20.39% | 18.13% | 21.94% | 4.71% | 23.34% |
Returns By Period
In the year-to-date period, TQSMX achieves a -2.14% return, which is significantly higher than FHLC's -4.22% return. Over the past 10 years, TQSMX has outperformed FHLC with an annualized return of 11.19%, while FHLC has yielded a comparatively lower 9.68% annualized return.
TQSMX
- 1D
- -1.52%
- 1M
- -9.20%
- YTD
- -2.14%
- 6M
- 0.54%
- 1Y
- 17.57%
- 3Y*
- 14.89%
- 5Y*
- 8.74%
- 10Y*
- 11.19%
FHLC
- 1D
- 0.78%
- 1M
- -5.85%
- YTD
- -4.22%
- 6M
- 3.95%
- 1Y
- 7.33%
- 3Y*
- 6.41%
- 5Y*
- 5.23%
- 10Y*
- 9.68%
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TQSMX vs. FHLC - Expense Ratio Comparison
TQSMX has a 0.87% expense ratio, which is higher than FHLC's 0.08% expense ratio.
Return for Risk
TQSMX vs. FHLC — Risk / Return Rank
TQSMX
FHLC
TQSMX vs. FHLC - 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 Fidelity MSCI Health Care Index ETF (FHLC). 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.
| TQSMX | FHLC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.42 | +0.42 |
Sortino ratioReturn per unit of downside risk | 1.29 | 0.70 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.09 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.52 | +0.57 |
Martin ratioReturn relative to average drawdown | 4.65 | 1.19 | +3.46 |
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
| TQSMX | FHLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.42 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.35 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.58 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.61 | -0.02 |
Correlation
The correlation between TQSMX and FHLC is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TQSMX vs. FHLC - Dividend Comparison
TQSMX's dividend yield for the trailing twelve months is around 1.91%, more than FHLC's 1.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQSMX T. Rowe Price Integrated US Small-Mid Cap Equity Fund | 1.91% | 1.87% | 6.48% | 3.39% | 6.06% | 1.40% | 0.81% | 1.18% | 2.12% | 0.35% | 0.00% | 0.00% |
FHLC Fidelity MSCI Health Care Index ETF | 1.43% | 1.40% | 1.51% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 1.38% | 1.38% | 1.40% | 2.07% |
Drawdowns
TQSMX vs. FHLC - Drawdown Comparison
The maximum TQSMX drawdown since its inception was -40.66%, which is greater than FHLC's maximum drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for TQSMX and FHLC.
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Drawdown Indicators
| TQSMX | FHLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.66% | -28.76% | -11.90% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -10.38% | -3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -17.73% | -6.09% |
Max Drawdown (10Y)Largest decline over 10 years | -40.66% | -28.76% | -11.90% |
Current DrawdownCurrent decline from peak | -10.38% | -7.27% | -3.11% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -5.16% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 4.49% | -1.21% |
Volatility
TQSMX vs. FHLC - Volatility Comparison
T. Rowe Price Integrated US Small-Mid Cap Equity Fund (TQSMX) has a higher volatility of 6.44% compared to Fidelity MSCI Health Care Index ETF (FHLC) at 5.19%. This indicates that TQSMX's price experiences larger fluctuations and is considered to be riskier than FHLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQSMX | FHLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 5.19% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 10.06% | +1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.89% | 17.61% | +3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.38% | 14.85% | +4.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.25% | 16.82% | +3.43% |