TRMIX vs. HNMVX
TRMIX (T. Rowe Price Mid-Cap Value Fund Class I) and HNMVX (Harbor Mid Cap Value Fund Retirement Class) are both Mid Cap Value Equities funds - TRMIX tracks the Russell Mid Cap Value TR USD while HNMVX tracks the Russell Midcap Value Index. Both are passively managed. Over the past 10 years, TRMIX returned 11.54%/yr vs 11.08%/yr for HNMVX. Their correlation of 0.93 means they have usually moved in the same direction. TRMIX charges 0.71%/yr vs 0.77%/yr for HNMVX.
Performance
TRMIX vs. HNMVX - Performance Comparison
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Returns By Period
In the year-to-date period, TRMIX achieves a 20.24% return, which is significantly lower than HNMVX's 23.70% return. Both investments have delivered pretty close results over the past 10 years, with TRMIX having a 11.54% annualized return and HNMVX not far behind at 11.08%.
TRMIX
- 1D
- -0.34%
- 1M
- 0.05%
- 6M
- 13.45%
- YTD
- 20.24%
- 1Y
- 30.36%
- 3Y*
- 15.88%
- 5Y*
- 12.55%
- 10Y*
- 11.54%
- ALL TIME*
- 11.81%
HNMVX
- 1D
- -0.41%
- 1M
- 3.16%
- 6M
- 16.17%
- YTD
- 23.70%
- 1Y
- 40.62%
- 3Y*
- 19.16%
- 5Y*
- 13.21%
- 10Y*
- 11.08%
- ALL TIME*
- 11.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TRMIX vs. HNMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRMIX T. Rowe Price Mid-Cap Value Fund Class I | 20.24% | 6.31% | 16.40% | 19.14% | -4.00% | 24.66% | 6.99% | 19.72% | -10.54% | 11.73% |
HNMVX Harbor Mid Cap Value Fund Retirement Class | 23.70% | 16.06% | 12.22% | 16.52% | -5.58% | 30.06% | -3.70% | 23.06% | -17.76% | 12.09% |
Correlation
The correlation between TRMIX and HNMVX is 0.88, 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. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2016 | 0.93 |
The correlation between TRMIX and HNMVX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
TRMIX vs. HNMVX — Risk / Return Rank
TRMIX
HNMVX
TRMIX vs. HNMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Mid-Cap Value Fund Class I (TRMIX) and Harbor Mid Cap Value Fund Retirement Class (HNMVX). 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.
| TRMIX | HNMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.54 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 5.71 | -2.65 |
| Martin ratioReturn relative to average drawdown | 11.94 | 21.49 | -9.55 |
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Drawdowns
TRMIX vs. HNMVX - Drawdown Comparison
The maximum TRMIX drawdown since its inception was -39.39%, smaller than the maximum HNMVX drawdown of -51.33%. Use the drawdown chart below to compare losses from any high point for TRMIX and HNMVX.
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Drawdown Indicators
| TRMIX | HNMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.39% | -51.33% | +11.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -6.84% | -2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -29.67% | -21.00% | -8.67% |
Max Drawdown (5Y)Largest decline over 5 years | -29.67% | -21.00% | -8.67% |
Max Drawdown (10Y)Largest decline over 10 years | -39.39% | -51.33% | +11.94% |
Current DrawdownCurrent decline from peak | -1.23% | -1.31% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -7.02% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 1.82% | +0.59% |
Volatility
TRMIX vs. HNMVX - Volatility Comparison
T. Rowe Price Mid-Cap Value Fund Class I (TRMIX) and Harbor Mid Cap Value Fund Retirement Class (HNMVX) have volatilities of 3.05% and 2.94%, 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
| TRMIX | HNMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.94% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 8.87% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.44% | 13.01% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.28% | 18.70% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.62% | 21.84% | -2.22% |
TRMIX vs. HNMVX - Expense Ratio Comparison
TRMIX has a 0.71% expense ratio, which is lower than HNMVX's 0.77% expense ratio.
Dividends
TRMIX vs. HNMVX - Dividend Comparison
TRMIX's dividend yield for the trailing twelve months is around 4.69%, less than HNMVX's 7.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HNMVX Harbor Mid Cap Value Fund Retirement Class | 7.09% | 8.77% | 5.87% | 7.28% | 8.35% | 1.35% | 2.43% | 3.21% | 8.52% | 3.91% | 3.11% | 0.00% |
TRMIX T. Rowe Price Mid-Cap Value Fund Class I | 4.69% | 5.64% | 14.38% | 7.86% | 14.24% | 9.34% | 1.15% | 4.40% | 12.30% | 6.71% | 6.92% | 11.43% |
Frequently Asked Questions
TRMIX and HNMVX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRMIX has higher volatility (3.05%) compared to HNMVX (2.94%). In terms of maximum drawdown, TRMIX dropped -39.39% vs HNMVX's -51.33%.
HNMVX currently has the higher Sharpe Ratio (3.01 vs 2.00), 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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