TQSMX vs. FSSNX
Compare and contrast key facts about T. Rowe Price Integrated US Small-Mid Cap Equity Fund (TQSMX) and Fidelity Small Cap Index Fund (FSSNX).
TQSMX is an actively managed fund by T. Rowe Price. It was launched on Feb 26, 2016. FSSNX is managed by Fidelity. It was launched on Sep 8, 2011.
Performance
TQSMX vs. FSSNX - Performance Comparison
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TQSMX vs. FSSNX - 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 | 1.27% | 13.55% | 16.34% | 21.72% | -13.07% | 21.85% | 11.68% | 30.19% | -10.91% | 15.44% |
FSSNX Fidelity Small Cap Index Fund | 0.91% | 12.94% | 11.71% | 17.11% | -20.28% | 14.70% | 19.99% | 25.70% | -11.24% | 14.54% |
Returns By Period
In the year-to-date period, TQSMX achieves a 1.27% return, which is significantly higher than FSSNX's 0.91% return. Over the past 10 years, TQSMX has outperformed FSSNX with an annualized return of 11.58%, while FSSNX has yielded a comparatively lower 9.90% annualized return.
TQSMX
- 1D
- 3.48%
- 1M
- -6.58%
- YTD
- 1.27%
- 6M
- 4.09%
- 1Y
- 21.32%
- 3Y*
- 16.21%
- 5Y*
- 9.16%
- 10Y*
- 11.58%
FSSNX
- 1D
- 3.45%
- 1M
- -5.85%
- YTD
- 0.91%
- 6M
- 2.89%
- 1Y
- 25.83%
- 3Y*
- 13.19%
- 5Y*
- 3.57%
- 10Y*
- 9.90%
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TQSMX vs. FSSNX - Expense Ratio Comparison
TQSMX has a 0.87% expense ratio, which is higher than FSSNX's 0.03% expense ratio.
Return for Risk
TQSMX vs. FSSNX — Risk / Return Rank
TQSMX
FSSNX
TQSMX vs. FSSNX - 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 Small Cap Index Fund (FSSNX). 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 | FSSNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.12 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.66 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.82 | -0.29 |
Martin ratioReturn relative to average drawdown | 6.47 | 6.80 | -0.32 |
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 | FSSNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.12 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.16 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.42 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.49 | +0.12 |
Correlation
The correlation between TQSMX and FSSNX is 0.96, 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
TQSMX vs. FSSNX - Dividend Comparison
TQSMX's dividend yield for the trailing twelve months is around 1.85%, more than FSSNX's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQSMX T. Rowe Price Integrated US Small-Mid Cap Equity Fund | 1.85% | 1.87% | 6.48% | 3.39% | 6.06% | 1.40% | 0.81% | 1.18% | 2.12% | 0.35% | 0.00% | 0.00% |
FSSNX Fidelity Small Cap Index Fund | 1.07% | 1.08% | 1.04% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 4.94% | 3.37% | 2.27% | 2.66% |
Drawdowns
TQSMX vs. FSSNX - Drawdown Comparison
The maximum TQSMX drawdown since its inception was -40.66%, roughly equal to the maximum FSSNX drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for TQSMX and FSSNX.
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Drawdown Indicators
| TQSMX | FSSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.66% | -41.72% | +1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -13.89% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -31.87% | +8.05% |
Max Drawdown (10Y)Largest decline over 10 years | -40.66% | -41.72% | +1.06% |
Current DrawdownCurrent decline from peak | -7.26% | -7.94% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -8.37% | +3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 3.71% | -0.40% |
Volatility
TQSMX vs. FSSNX - Volatility Comparison
T. Rowe Price Integrated US Small-Mid Cap Equity Fund (TQSMX) and Fidelity Small Cap Index Fund (FSSNX) have volatilities of 7.47% and 7.52%, 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 | FSSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.47% | 7.52% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 14.52% | -2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.12% | 23.30% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.44% | 22.61% | -3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 23.41% | -3.13% |