TRSSX vs. IWM
Compare and contrast key facts about T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) and iShares Russell 2000 ETF (IWM).
TRSSX is managed by T. Rowe Price. It was launched on Mar 31, 2000. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.
Performance
TRSSX vs. IWM - Performance Comparison
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TRSSX vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRSSX T. Rowe Price Institutional Small Cap Stock Fund | -2.09% | 8.21% | 10.93% | 17.65% | -23.36% | 16.81% | 25.07% | 33.96% | -3.07% | 15.41% |
IWM iShares Russell 2000 ETF | 0.93% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Returns By Period
In the year-to-date period, TRSSX achieves a -2.09% return, which is significantly lower than IWM's 0.93% return. Over the past 10 years, TRSSX has outperformed IWM with an annualized return of 10.65%, while IWM has yielded a comparatively lower 9.76% annualized return.
TRSSX
- 1D
- -1.04%
- 1M
- -9.79%
- YTD
- -2.09%
- 6M
- -0.94%
- 1Y
- 12.55%
- 3Y*
- 10.16%
- 5Y*
- 2.67%
- 10Y*
- 10.65%
IWM
- 1D
- 3.50%
- 1M
- -4.96%
- YTD
- 0.93%
- 6M
- 3.02%
- 1Y
- 25.66%
- 3Y*
- 12.94%
- 5Y*
- 3.34%
- 10Y*
- 9.76%
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TRSSX vs. IWM - Expense Ratio Comparison
TRSSX has a 0.66% expense ratio, which is higher than IWM's 0.19% expense ratio.
Return for Risk
TRSSX vs. IWM — Risk / Return Rank
TRSSX
IWM
TRSSX vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) and iShares Russell 2000 ETF (IWM). 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.
| TRSSX | IWM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.58 | 1.11 | -0.53 |
Sortino ratioReturn per unit of downside risk | 0.97 | 1.66 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 1.82 | -1.11 |
Martin ratioReturn relative to average drawdown | 3.01 | 6.76 | -3.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRSSX | IWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.11 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.15 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.43 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.34 | +0.10 |
Correlation
The correlation between TRSSX and IWM 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.
Dividends
TRSSX vs. IWM - Dividend Comparison
TRSSX's dividend yield for the trailing twelve months is around 10.79%, more than IWM's 1.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRSSX T. Rowe Price Institutional Small Cap Stock Fund | 10.79% | 10.57% | 19.63% | 5.45% | 5.37% | 8.52% | 4.54% | 6.13% | 13.45% | 6.53% | 0.80% | 7.07% |
IWM iShares Russell 2000 ETF | 1.02% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Drawdowns
TRSSX vs. IWM - Drawdown Comparison
The maximum TRSSX drawdown since its inception was -56.38%, roughly equal to the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for TRSSX and IWM.
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Drawdown Indicators
| TRSSX | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.38% | -59.05% | +2.67% |
Max Drawdown (1Y)Largest decline over 1 year | -13.50% | -13.74% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -32.12% | -31.91% | -0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -37.85% | -41.13% | +3.28% |
Current DrawdownCurrent decline from peak | -11.43% | -7.91% | -3.52% |
Average DrawdownAverage peak-to-trough decline | -9.05% | -10.83% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 3.70% | 0.00% |
Volatility
TRSSX vs. IWM - Volatility Comparison
T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) and iShares Russell 2000 ETF (IWM) have volatilities of 7.10% and 7.47%, 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
| TRSSX | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.10% | 7.47% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.21% | 14.47% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 23.18% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.05% | 22.55% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.46% | 22.99% | -1.53% |