TRMCX vs. VFMFX

Last updated Jun 5, 2026

TRMCX (T. Rowe Price Mid-Cap Value Fund) and VFMFX (Vanguard U.S. Multifactor Fund Admiral Shares) are both mutual funds - TRMCX is a Mid Cap Value Equities fund managed by T. Rowe Price, while VFMFX is a Multi-factor fund managed by Vanguard. Over the past 5 years, TRMCX returned 10.15%/yr vs 12.45%/yr for VFMFX. Their correlation of 0.92 suggests significant overlap in exposure. TRMCX charges 0.77%/yr vs 0.18%/yr for VFMFX.

Performance

TRMCX vs. VFMFX - Performance Comparison

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

Returns By Period

In the year-to-date period, TRMCX achieves a 15.05% return, which is significantly higher than VFMFX's 14.15% return.

TRMCX

• 1D: -0.32%
• 1M: 2.29%
• YTD: 15.05%
• 6M: 14.66%
• 1Y: 26.70%
• 3Y*: 17.56%
• 5Y*: 10.15%
• 10Y*: 11.33%

VFMFX

• 1D: -0.43%
• 1M: 1.72%
• YTD: 14.15%
• 6M: 15.59%
• 1Y: 31.39%
• 3Y*: 21.57%
• 5Y*: 12.45%
• 10Y*: —

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

TRMCX vs. VFMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TRMCX T. Rowe Price Mid-Cap Value Fund	15.05%	6.16%	16.21%	18.99%	-4.16%	24.51%	9.84%	19.59%	-13.64%
VFMFX Vanguard U.S. Multifactor Fund Admiral Shares	14.15%	14.50%	17.21%	17.89%	-5.78%	30.78%	3.58%	21.81%	-14.83%

Correlation

The correlation between TRMCX and VFMFX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018	0.92

The correlation between TRMCX and VFMFX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

TRMCX vs. VFMFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRMCX

TRMCX Risk / Return Rank: 46
TRMCX Sharpe Ratio Rank: 42
TRMCX Sortino Ratio Rank: 43
TRMCX Omega Ratio Rank: 39
TRMCX Calmar Ratio Rank: 55
TRMCX Martin Ratio Rank: 52

VFMFX

VFMFX Risk / Return Rank: 71
VFMFX Sharpe Ratio Rank: 64
VFMFX Sortino Ratio Rank: 66
VFMFX Omega Ratio Rank: 56
VFMFX Calmar Ratio Rank: 87
VFMFX Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRMCX vs. VFMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Mid-Cap Value Fund (TRMCX) and Vanguard U.S. Multifactor Fund Admiral Shares (VFMFX). 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.

	TRMCX	VFMFX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.35	-0.47
Sortino ratio: Return per unit of downside risk	2.77	3.40	-0.62
Omega ratio: Gain probability vs. loss probability	1.33	1.41	-0.08
Calmar ratio: Return relative to maximum drawdown	2.82	4.23	-1.41
Martin ratio: Return relative to average drawdown	10.65	15.73	-5.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRMCX vs. VFMFX - Sharpe Ratio Comparison

The current TRMCX Sharpe Ratio is 1.88, which is comparable to the VFMFX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of TRMCX and VFMFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRMCX	VFMFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	2.35	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.69	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.55	+0.08

Drawdowns

TRMCX vs. VFMFX - Drawdown Comparison

The maximum TRMCX drawdown since its inception was -55.28%, which is greater than VFMFX's maximum drawdown of -41.18%. Use the drawdown chart below to compare losses from any high point for TRMCX and VFMFX.

Drawdown Indicators

	TRMCX	VFMFX	Difference
Max Drawdown Largest peak-to-trough decline	-55.28%	-41.18%	-14.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-7.31%	-2.10%
Max Drawdown (3Y) Largest decline over 3 years	-29.60%	-21.18%	-8.42%
Max Drawdown (5Y) Largest decline over 5 years	-29.60%	-21.18%	-8.42%
Max Drawdown (10Y) Largest decline over 10 years	-39.41%	—	—
Current Drawdown Current decline from peak	-0.40%	-0.43%	+0.03%
Average Drawdown Average peak-to-trough decline	-6.64%	-5.89%	-0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	1.96%	+0.52%

Volatility

TRMCX vs. VFMFX - Volatility Comparison

T. Rowe Price Mid-Cap Value Fund (TRMCX) has a higher volatility of 3.59% compared to Vanguard U.S. Multifactor Fund Admiral Shares (VFMFX) at 2.88%. This indicates that TRMCX's price experiences larger fluctuations and is considered to be riskier than VFMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRMCX	VFMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	2.88%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	10.54%	9.24%	+1.30%
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	13.19%	+0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.28%	18.04%	+1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.64%	21.25%	-1.61%

TRMCX vs. VFMFX - Expense Ratio Comparison

TRMCX has a 0.77% expense ratio, which is higher than VFMFX's 0.18% expense ratio.

Dividends

TRMCX vs. VFMFX - Dividend Comparison

TRMCX's dividend yield for the trailing twelve months is around 4.72%, more than VFMFX's 2.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRMCX T. Rowe Price Mid-Cap Value Fund	4.72%	5.43%	14.20%	7.65%	13.92%	9.22%	3.79%	4.25%	12.13%	6.58%	6.74%	11.39%
VFMFX Vanguard U.S. Multifactor Fund Admiral Shares	2.75%	2.69%	3.29%	1.66%	2.09%	1.37%	1.48%	1.63%	1.45%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRMCX and VFMFX in my portfolio?

TRMCX and VFMFX have a correlation of 0.87, 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 VFMFX?

TRMCX has higher volatility (3.59%) compared to VFMFX (2.88%). In terms of maximum drawdown, TRMCX dropped -55.28% vs VFMFX's -41.18%.

Which has better risk-adjusted returns?

VFMFX currently has the higher Sharpe Ratio (2.35 vs 1.88), 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.