TRSSX vs. FSMAX
Compare and contrast key facts about T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) and Fidelity Extended Market Index Fund (FSMAX).
TRSSX is managed by T. Rowe Price. It was launched on Mar 31, 2000. FSMAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRSSX or FSMAX.
Correlation
The correlation between TRSSX and FSMAX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TRSSX vs. FSMAX - Performance Comparison
Key characteristics
TRSSX:
-0.15
FSMAX:
1.08
TRSSX:
-0.02
FSMAX:
1.58
TRSSX:
1.00
FSMAX:
1.19
TRSSX:
-0.10
FSMAX:
1.11
TRSSX:
-0.41
FSMAX:
5.11
TRSSX:
8.87%
FSMAX:
3.71%
TRSSX:
24.78%
FSMAX:
17.49%
TRSSX:
-65.07%
FSMAX:
-41.67%
TRSSX:
-31.55%
FSMAX:
-3.54%
Returns By Period
In the year-to-date period, TRSSX achieves a 3.58% return, which is significantly lower than FSMAX's 4.81% return. Over the past 10 years, TRSSX has underperformed FSMAX with an annualized return of 2.35%, while FSMAX has yielded a comparatively higher 6.59% annualized return.
TRSSX
3.58%
1.58%
-8.70%
-4.00%
0.02%
2.35%
FSMAX
4.81%
0.78%
13.23%
21.45%
8.15%
6.59%
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TRSSX vs. FSMAX - Expense Ratio Comparison
TRSSX has a 0.66% expense ratio, which is higher than FSMAX's 0.04% expense ratio.
Risk-Adjusted Performance
TRSSX vs. FSMAX — Risk-Adjusted Performance Rank
TRSSX
FSMAX
TRSSX vs. FSMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) and Fidelity Extended Market Index Fund (FSMAX). 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.
Dividends
TRSSX vs. FSMAX - Dividend Comparison
TRSSX's dividend yield for the trailing twelve months is around 0.69%, more than FSMAX's 0.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRSSX T. Rowe Price Institutional Small Cap Stock Fund | 0.69% | 0.72% | 0.44% | 0.23% | 0.06% | 0.16% | 0.16% | 0.25% | 0.34% | 0.27% | 0.43% | 0.34% |
FSMAX Fidelity Extended Market Index Fund | 0.46% | 0.48% | 1.17% | 1.38% | 0.99% | 0.93% | 1.41% | 1.69% | 1.30% | 1.38% | 2.99% | 5.43% |
Drawdowns
TRSSX vs. FSMAX - Drawdown Comparison
The maximum TRSSX drawdown since its inception was -65.07%, which is greater than FSMAX's maximum drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for TRSSX and FSMAX. For additional features, visit the drawdowns tool.
Volatility
TRSSX vs. FSMAX - Volatility Comparison
The current volatility for T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) is 3.59%, while Fidelity Extended Market Index Fund (FSMAX) has a volatility of 3.90%. This indicates that TRSSX experiences smaller price fluctuations and is considered to be less risky than FSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.