TRMCX vs. EZM
TRMCX (T. Rowe Price Mid-Cap Value Fund) and EZM (WisdomTree U.S. MidCap Earnings Fund) are both funds - TRMCX is a Mid Cap Value Equities fund managed by T. Rowe Price, while EZM is a Mid Cap Blend Equities fund tracking the WisdomTree U.S. MidCap Index. Over the past 10 years, TRMCX returned 11.95%/yr vs 11.70%/yr for EZM. Their correlation of 0.90 suggests significant overlap in exposure. TRMCX charges 0.77%/yr vs 0.38%/yr for EZM.
Performance
TRMCX vs. EZM - Performance Comparison
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Returns By Period
In the year-to-date period, TRMCX achieves a 17.10% return, which is significantly higher than EZM's 13.31% return. Both investments have delivered pretty close results over the past 10 years, with TRMCX having a 11.95% annualized return and EZM not far behind at 11.70%.
TRMCX
- 1D
- 0.43%
- 1M
- 1.37%
- YTD
- 17.10%
- 6M
- 15.69%
- 1Y
- 28.70%
- 3Y*
- 17.99%
- 5Y*
- 11.12%
- 10Y*
- 11.95%
EZM
- 1D
- 0.57%
- 1M
- 2.69%
- YTD
- 13.31%
- 6M
- 11.26%
- 1Y
- 25.36%
- 3Y*
- 15.45%
- 5Y*
- 8.77%
- 10Y*
- 11.70%
TRMCX vs. EZM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRMCX T. Rowe Price Mid-Cap Value Fund | 17.10% | 6.16% | 16.21% | 18.99% | -4.16% | 24.51% | 9.84% | 19.59% | -10.66% | 11.59% |
EZM WisdomTree U.S. MidCap Earnings Fund | 13.31% | 8.42% | 10.29% | 19.69% | -12.22% | 31.00% | 5.57% | 24.48% | -12.36% | 17.37% |
Correlation
The correlation between TRMCX and EZM is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2007 | 0.90 |
The correlation between TRMCX and EZM has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
TRMCX vs. EZM — Risk / Return Rank
TRMCX
EZM
TRMCX vs. EZM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Mid-Cap Value Fund (TRMCX) and WisdomTree U.S. MidCap Earnings Fund (EZM). 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.
| TRMCX | EZM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.93 | +0.02 |
| Martin ratioReturn relative to average drawdown | 11.15 | 9.93 | +1.22 |
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Drawdowns
TRMCX vs. EZM - Drawdown Comparison
The maximum TRMCX drawdown since its inception was -55.28%, smaller than the maximum EZM drawdown of -59.58%. Use the drawdown chart below to compare losses from any high point for TRMCX and EZM.
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Drawdown Indicators
| TRMCX | EZM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.28% | -59.58% | +4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -8.70% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -29.60% | -23.53% | -6.07% |
Max Drawdown (5Y)Largest decline over 5 years | -29.60% | -23.53% | -6.07% |
Max Drawdown (10Y)Largest decline over 10 years | -39.41% | -47.26% | +7.85% |
Current DrawdownCurrent decline from peak | -0.92% | 0.00% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -8.25% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.56% | -0.08% |
Volatility
TRMCX vs. EZM - Volatility Comparison
T. Rowe Price Mid-Cap Value Fund (TRMCX) has a higher volatility of 4.94% compared to WisdomTree U.S. MidCap Earnings Fund (EZM) at 3.89%. This indicates that TRMCX's price experiences larger fluctuations and is considered to be riskier than EZM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRMCX | EZM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 3.89% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 11.13% | 10.54% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.63% | 15.04% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.31% | 20.40% | -1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.63% | 22.32% | -2.69% |
TRMCX vs. EZM - Expense Ratio Comparison
TRMCX has a 0.77% expense ratio, which is higher than EZM's 0.38% expense ratio.
Dividends
TRMCX vs. EZM - Dividend Comparison
TRMCX's dividend yield for the trailing twelve months is around 4.63%, more than EZM's 1.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZM WisdomTree U.S. MidCap Earnings Fund | 1.22% | 1.39% | 1.22% | 1.25% | 1.57% | 1.08% | 1.67% | 1.34% | 1.57% | 1.14% | 1.55% | 1.30% |
TRMCX T. Rowe Price Mid-Cap Value Fund | 4.63% | 5.43% | 14.20% | 7.65% | 13.92% | 9.22% | 3.79% | 4.25% | 12.13% | 6.58% | 6.74% | 11.39% |
Frequently Asked Questions
With a correlation of 0.91, TRMCX and EZM 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.
TRMCX has higher volatility (4.94%) compared to EZM (3.89%). In terms of maximum drawdown, TRMCX dropped -55.28% vs EZM's -59.58%.
TRMCX currently has the higher Sharpe Ratio (1.90 vs 1.70), 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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