TRMCX vs. RPMGX

Last updated Aug 3, 2026

TRMCX (T. Rowe Price Mid-Cap Value Fund) and RPMGX (T. Rowe Price Mid-Cap Growth Fund) are both mutual funds - TRMCX is a Mid Cap Value Equities fund actively managed by T. Rowe Price, while RPMGX is a Mid Cap Growth Equities fund managed by T. Rowe Price. Over the past 10 years, TRMCX returned 11.64%/yr vs 10.66%/yr for RPMGX. Their correlation of 0.87 means they have usually moved in the same direction. TRMCX charges 0.87%/yr vs 0.77%/yr for RPMGX.

Performance

TRMCX vs. RPMGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Mid-Cap Value Fund (TRMCX) and T. Rowe Price Mid-Cap Growth Fund (RPMGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRMCX achieves a 20.55% return, which is significantly higher than RPMGX's 2.74% return. Over the past 10 years, TRMCX has outperformed RPMGX with an annualized return of 11.64%, while RPMGX has yielded a comparatively lower 10.66% annualized return.

TRMCX

• 1D: 0.26%
• 1M: 0.39%
• 6M: 14.56%
• YTD: 20.55%
• 1Y: 30.59%
• 3Y*: 15.75%
• 5Y*: 12.47%
• 10Y*: 11.64%
• ALL TIME*: 11.54%

RPMGX

• 1D: 0.48%
• 1M: -1.63%
• 6M: 2.42%
• YTD: 2.74%
• 1Y: 5.92%
• 3Y*: 9.89%
• 5Y*: 4.27%
• 10Y*: 10.66%
• ALL TIME*: 12.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RPMGX T. Rowe Price Mid-Cap Growth Fund	$0.00	$0.00	$0.00
TRMCX T. Rowe Price Mid-Cap Value Fund	$0.00	$0.00	$0.00

TRMCX vs. RPMGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRMCX T. Rowe Price Mid-Cap Value Fund	20.55%	6.16%	16.21%	18.99%	-4.16%	24.51%	9.84%	19.59%	-10.66%	11.59%
RPMGX T. Rowe Price Mid-Cap Growth Fund	2.74%	3.65%	21.08%	20.27%	-22.51%	14.94%	24.16%	31.53%	-2.12%	24.80%

Correlation

The correlation between TRMCX and RPMGX is 0.83, 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.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.82
Correlation (All Time) Calculated using the full available price history since Jun 28, 1996	0.87

The correlation between TRMCX and RPMGX has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

Return for Risk

TRMCX vs. RPMGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TRMCX

TRMCX Risk / Return Rank: 83
TRMCX Sharpe Ratio Rank: 82
TRMCX Sortino Ratio Rank: 82
TRMCX Omega Ratio Rank: 78
TRMCX Calmar Ratio Rank: 87
TRMCX Martin Ratio Rank: 89

RPMGX

RPMGX Risk / Return Rank: 10
RPMGX Sharpe Ratio Rank: 9
RPMGX Sortino Ratio Rank: 9
RPMGX Omega Ratio Rank: 9
RPMGX Calmar Ratio Rank: 10
RPMGX Martin Ratio Rank: 11

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TRMCX vs. RPMGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Mid-Cap Value Fund (TRMCX) and T. Rowe Price Mid-Cap Growth Fund (RPMGX). 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	RPMGX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	0.29	+1.65
Sortino ratio: Return per unit of downside risk	2.84	0.52	+2.32
Omega ratio: Gain probability vs. loss probability	1.34	1.06	+0.28
Calmar ratio: Return relative to maximum drawdown	2.97	0.39	+2.58
Martin ratio: Return relative to average drawdown	11.56	1.31	+10.25

TRMCX vs. RPMGX - Sharpe Ratio Comparison

The current TRMCX Sharpe Ratio is 1.93, which is higher than the RPMGX Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of TRMCX and RPMGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TRMCX vs. RPMGX - Drawdown Comparison

The maximum TRMCX drawdown since its inception was -55.28%, roughly equal to the maximum RPMGX drawdown of -54.66%. Use the drawdown chart below to compare losses from any high point for TRMCX and RPMGX.

Drawdown Indicators

	TRMCX	RPMGX	Difference
Max Drawdown Largest peak-to-trough decline	-55.28%	-54.66%	-0.62%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-10.21%	+0.80%
Max Drawdown (3Y) Largest decline over 3 years	-29.60%	-21.52%	-8.08%
Max Drawdown (5Y) Largest decline over 5 years	-29.60%	-32.08%	+2.48%
Max Drawdown (10Y) Largest decline over 10 years	-39.41%	-35.96%	-3.45%
Current Drawdown Current decline from peak	-0.89%	-2.02%	+1.13%
Average Drawdown Average peak-to-trough decline	-6.61%	-6.95%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	3.04%	-0.60%

Volatility

TRMCX vs. RPMGX - Volatility Comparison

T. Rowe Price Mid-Cap Value Fund (TRMCX) has a higher volatility of 3.06% compared to T. Rowe Price Mid-Cap Growth Fund (RPMGX) at 2.51%. This indicates that TRMCX's price experiences larger fluctuations and is considered to be riskier than RPMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRMCX	RPMGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	2.51%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	10.51%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	14.50%	13.80%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.24%	19.15%	+0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.57%	18.94%	+0.63%

TRMCX vs. RPMGX - Expense Ratio Comparison

TRMCX has a 0.87% expense ratio, which is higher than RPMGX's 0.77% expense ratio.

Dividends

TRMCX vs. RPMGX - Dividend Comparison

TRMCX's dividend yield for the trailing twelve months is around 4.50%, less than RPMGX's 6.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RPMGX T. Rowe Price Mid-Cap Growth Fund	6.18%	6.35%	20.43%	6.35%	2.60%	10.52%	4.53%	5.29%	12.12%	8.04%	3.45%	9.51%
TRMCX T. Rowe Price Mid-Cap Value Fund	4.50%	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

Can I hold both TRMCX and RPMGX in my portfolio?

TRMCX and RPMGX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRMCX or RPMGX?

TRMCX has higher volatility (3.06%) compared to RPMGX (2.51%). In terms of maximum drawdown, TRMCX dropped -55.28% vs RPMGX's -54.66%.

Which has better risk-adjusted returns?

TRMCX currently has the higher Sharpe Ratio (1.93 vs 0.29), 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.