TRPWX vs. PMEGX
TRPWX (TIAA-CREF Mid-Cap Growth Fund) and PMEGX (T. Rowe Price Institutional Mid Cap Equity Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, TRPWX returned 7.49%/yr vs 9.78%/yr for PMEGX. Their correlation of 0.95 means they have usually moved in the same direction. TRPWX charges 0.46%/yr vs 0.61%/yr for PMEGX.
Performance
TRPWX vs. PMEGX - Performance Comparison
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Returns By Period
In the year-to-date period, TRPWX achieves a -0.49% return, which is significantly lower than PMEGX's 3.03% return. Over the past 10 years, TRPWX has underperformed PMEGX with an annualized return of 7.49%, while PMEGX has yielded a comparatively higher 9.78% annualized return.
TRPWX
- 1D
- 2.64%
- 1M
- -1.99%
- 6M
- 0.95%
- YTD
- -0.49%
- 1Y
- -2.11%
- 3Y*
- 3.87%
- 5Y*
- -3.17%
- 10Y*
- 7.49%
- ALL TIME*
- 9.73%
PMEGX
- 1D
- 0.47%
- 1M
- -1.53%
- 6M
- 2.67%
- YTD
- 3.03%
- 1Y
- 6.19%
- 3Y*
- 6.28%
- 5Y*
- 2.15%
- 10Y*
- 9.78%
- ALL TIME*
- 10.81%
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 |
TRPWX vs. PMEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRPWX TIAA-CREF Mid-Cap Growth Fund | -0.49% | 4.26% | 8.50% | 21.45% | -33.08% | 2.88% | 45.32% | 33.47% | -8.63% | 25.57% |
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 3.03% | 3.73% | 9.15% | 20.69% | -23.19% | 15.50% | 23.95% | 33.08% | -2.23% | 26.02% |
Correlation
The correlation between TRPWX and PMEGX is 0.82, 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. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2002 | 0.95 |
The correlation between TRPWX and PMEGX shifts across timeframes, from 0.82 (1 year) to 0.95 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRPWX vs. PMEGX — Risk / Return Rank
TRPWX
PMEGX
TRPWX vs. PMEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Mid-Cap Growth Fund (TRPWX) and T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX). 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.
| TRPWX | PMEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.06 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 0.41 | -0.71 |
| Martin ratioReturn relative to average drawdown | -0.73 | 1.39 | -2.12 |
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Drawdowns
TRPWX vs. PMEGX - Drawdown Comparison
The maximum TRPWX drawdown since its inception was -58.68%, which is greater than PMEGX's maximum drawdown of -55.88%. Use the drawdown chart below to compare losses from any high point for TRPWX and PMEGX.
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Drawdown Indicators
| TRPWX | PMEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.68% | -55.88% | -2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -15.51% | -10.21% | -5.30% |
Max Drawdown (3Y)Largest decline over 3 years | -26.39% | -27.99% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -44.12% | -32.87% | -11.25% |
Max Drawdown (10Y)Largest decline over 10 years | -44.12% | -37.16% | -6.96% |
Current DrawdownCurrent decline from peak | -17.42% | -6.20% | -11.22% |
Average DrawdownAverage peak-to-trough decline | -11.44% | -8.99% | -2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 3.04% | +3.10% |
Volatility
TRPWX vs. PMEGX - Volatility Comparison
TIAA-CREF Mid-Cap Growth Fund (TRPWX) has a higher volatility of 5.42% compared to T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) at 2.50%. This indicates that TRPWX's price experiences larger fluctuations and is considered to be riskier than PMEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRPWX | PMEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 2.50% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 10.49% | +4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 13.64% | +4.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.57% | 20.11% | +3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.32% | 19.75% | +3.57% |
TRPWX vs. PMEGX - Expense Ratio Comparison
TRPWX has a 0.46% expense ratio, which is lower than PMEGX's 0.61% expense ratio.
Dividends
TRPWX vs. PMEGX - Dividend Comparison
TRPWX's dividend yield for the trailing twelve months is around 11.03%, less than PMEGX's 20.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 20.48% | 21.10% | 14.15% | 7.07% | 1.65% | 12.80% | 4.44% | 5.11% | 10.42% | 6.30% | 1.04% | 6.18% |
TRPWX TIAA-CREF Mid-Cap Growth Fund | 11.03% | 10.97% | 0.00% | 0.18% | 0.60% | 15.18% | 11.52% | 11.22% | 17.00% | 9.47% | 0.51% | 8.63% |
Frequently Asked Questions
TRPWX and PMEGX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRPWX has higher volatility (5.42%) compared to PMEGX (2.50%). In terms of maximum drawdown, TRPWX dropped -58.68% vs PMEGX's -55.88%.
PMEGX currently has the higher Sharpe Ratio (0.31 vs -0.24), 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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