TRMIX vs. PRWAX
TRMIX (T. Rowe Price Mid-Cap Value Fund Class I) and PRWAX (T. Rowe Price All-Cap Opportunities Fund) are both mutual funds - TRMIX is a Mid Cap Value Equities fund tracking the Russell Mid Cap Value TR USD, while PRWAX is a Large Cap Growth Equities fund actively managed by T. Rowe Price. TRMIX is passively managed, while PRWAX is actively managed. Over the past 10 years, TRMIX returned 11.54%/yr vs 16.96%/yr for PRWAX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. TRMIX charges 0.71%/yr vs 0.76%/yr for PRWAX.
Performance
TRMIX vs. PRWAX - Performance Comparison
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Returns By Period
In the year-to-date period, TRMIX achieves a 20.24% return, which is significantly higher than PRWAX's -0.23% return. Over the past 10 years, TRMIX has underperformed PRWAX with an annualized return of 11.54%, while PRWAX has yielded a comparatively higher 16.96% annualized return.
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%
PRWAX
- 1D
- 0.88%
- 1M
- -0.50%
- 6M
- 0.15%
- YTD
- -0.23%
- 1Y
- 8.52%
- 3Y*
- 15.22%
- 5Y*
- 8.72%
- 10Y*
- 16.96%
- ALL TIME*
- 11.63%
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. PRWAX - 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% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | -0.23% | 16.37% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 34.51% |
Correlation
The correlation between TRMIX and PRWAX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2015 | 0.72 |
The correlation between TRMIX and PRWAX has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.
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Return for Risk
TRMIX vs. PRWAX — Risk / Return Rank
TRMIX
PRWAX
TRMIX vs. PRWAX - 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 T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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 | PRWAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.09 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 0.47 | +2.59 |
| Martin ratioReturn relative to average drawdown | 11.94 | 1.61 | +10.33 |
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Drawdowns
TRMIX vs. PRWAX - Drawdown Comparison
The maximum TRMIX drawdown since its inception was -39.39%, smaller than the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for TRMIX and PRWAX.
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Drawdown Indicators
| TRMIX | PRWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.39% | -55.06% | +15.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -14.09% | +4.70% |
Max Drawdown (3Y)Largest decline over 3 years | -29.67% | -19.06% | -10.61% |
Max Drawdown (5Y)Largest decline over 5 years | -29.67% | -29.38% | -0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -39.39% | -30.50% | -8.89% |
Current DrawdownCurrent decline from peak | -1.23% | -2.19% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -9.86% | +4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 4.13% | -1.72% |
Volatility
TRMIX vs. PRWAX - Volatility Comparison
The current volatility for T. Rowe Price Mid-Cap Value Fund Class I (TRMIX) is 3.05%, while T. Rowe Price All-Cap Opportunities Fund (PRWAX) has a volatility of 4.27%. This indicates that TRMIX experiences smaller price fluctuations and is considered to be less risky than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRMIX | PRWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 4.27% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 12.00% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.44% | 14.65% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.28% | 17.78% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.62% | 18.74% | +0.88% |
TRMIX vs. PRWAX - Expense Ratio Comparison
TRMIX has a 0.71% expense ratio, which is lower than PRWAX's 0.76% expense ratio.
Dividends
TRMIX vs. PRWAX - Dividend Comparison
TRMIX's dividend yield for the trailing twelve months is around 4.69%, less than PRWAX's 8.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWAX T. Rowe Price All-Cap Opportunities Fund | 8.37% | 8.35% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
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 PRWAX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRWAX has higher volatility (4.27%) compared to TRMIX (3.05%). In terms of maximum drawdown, TRMIX dropped -39.39% vs PRWAX's -55.06%.
TRMIX currently has the higher Sharpe Ratio (2.00 vs 0.46), 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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