TQSMX vs. RYOTX
Compare and contrast key facts about T. Rowe Price Integrated US Small-Mid Cap Equity Fund (TQSMX) and Royce Micro Cap Series Fund (RYOTX).
TQSMX is an actively managed fund by T. Rowe Price. It was launched on Feb 26, 2016. RYOTX is managed by Royce Investment Partners. It was launched on Dec 31, 1991.
Performance
TQSMX vs. RYOTX - Performance Comparison
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TQSMX vs. RYOTX - 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% |
RYOTX Royce Micro Cap Series Fund | 9.23% | 13.51% | 13.24% | 19.51% | -22.66% | 30.36% | 24.56% | 21.19% | -9.09% | 5.29% |
Returns By Period
In the year-to-date period, TQSMX achieves a 1.27% return, which is significantly lower than RYOTX's 9.23% return. Both investments have delivered pretty close results over the past 10 years, with TQSMX having a 11.58% annualized return and RYOTX not far behind at 11.46%.
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%
RYOTX
- 1D
- 2.99%
- 1M
- -7.15%
- YTD
- 9.23%
- 6M
- 10.78%
- 1Y
- 45.50%
- 3Y*
- 17.84%
- 5Y*
- 7.08%
- 10Y*
- 11.46%
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TQSMX vs. RYOTX - Expense Ratio Comparison
TQSMX has a 0.87% expense ratio, which is lower than RYOTX's 1.20% expense ratio.
Return for Risk
TQSMX vs. RYOTX — Risk / Return Rank
TQSMX
RYOTX
TQSMX vs. RYOTX - 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 Royce Micro Cap Series Fund (RYOTX). 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 | RYOTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.73 | -0.70 |
Sortino ratioReturn per unit of downside risk | 1.55 | 2.37 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 3.26 | -1.74 |
Martin ratioReturn relative to average drawdown | 6.47 | 11.42 | -4.95 |
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 | RYOTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.73 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.30 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.50 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.59 | +0.02 |
Correlation
The correlation between TQSMX and RYOTX is 0.91, 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. RYOTX - Dividend Comparison
TQSMX's dividend yield for the trailing twelve months is around 1.85%, less than RYOTX's 13.68% 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% |
RYOTX Royce Micro Cap Series Fund | 13.68% | 14.94% | 12.20% | 6.97% | 5.10% | 23.10% | 7.40% | 2.72% | 13.95% | 7.76% | 11.41% | 12.99% |
Drawdowns
TQSMX vs. RYOTX - Drawdown Comparison
The maximum TQSMX drawdown since its inception was -40.66%, smaller than the maximum RYOTX drawdown of -56.86%. Use the drawdown chart below to compare losses from any high point for TQSMX and RYOTX.
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Drawdown Indicators
| TQSMX | RYOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.66% | -56.86% | +16.20% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -13.59% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -35.84% | +12.02% |
Max Drawdown (10Y)Largest decline over 10 years | -40.66% | -44.87% | +4.21% |
Current DrawdownCurrent decline from peak | -7.26% | -7.15% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -9.47% | +4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 3.88% | -0.57% |
Volatility
TQSMX vs. RYOTX - Volatility Comparison
The current volatility for T. Rowe Price Integrated US Small-Mid Cap Equity Fund (TQSMX) is 7.47%, while Royce Micro Cap Series Fund (RYOTX) has a volatility of 9.07%. This indicates that TQSMX experiences smaller price fluctuations and is considered to be less risky than RYOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQSMX | RYOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.47% | 9.07% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 17.62% | -5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.12% | 26.53% | -5.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.44% | 23.39% | -3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 23.03% | -2.75% |