TRSSX vs. SPY
Compare and contrast key facts about T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) and SPDR S&P 500 ETF (SPY).
TRSSX is managed by T. Rowe Price. It was launched on Mar 31, 2000. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRSSX or SPY.
Correlation
The correlation between TRSSX and SPY is 0.87, 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. SPY - Performance Comparison
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Key characteristics
TRSSX:
0.29
SPY:
0.68
TRSSX:
0.54
SPY:
1.09
TRSSX:
1.07
SPY:
1.16
TRSSX:
0.25
SPY:
0.73
TRSSX:
0.78
SPY:
2.81
TRSSX:
7.61%
SPY:
4.88%
TRSSX:
21.85%
SPY:
20.30%
TRSSX:
-65.07%
SPY:
-55.19%
TRSSX:
-9.29%
SPY:
-2.66%
Returns By Period
In the year-to-date period, TRSSX achieves a -1.41% return, which is significantly lower than SPY's 1.80% return. Over the past 10 years, TRSSX has underperformed SPY with an annualized return of 9.22%, while SPY has yielded a comparatively higher 12.75% annualized return.
TRSSX
-1.41%
10.55%
-4.29%
6.30%
8.53%
10.64%
9.22%
SPY
1.80%
13.00%
1.78%
13.78%
16.84%
16.59%
12.75%
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TRSSX vs. SPY - Expense Ratio Comparison
TRSSX has a 0.66% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TRSSX vs. SPY — Risk-Adjusted Performance Rank
TRSSX
SPY
TRSSX vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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.
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Dividends
TRSSX vs. SPY - Dividend Comparison
TRSSX's dividend yield for the trailing twelve months is around 0.73%, less than SPY's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRSSX T. Rowe Price Institutional Small Cap Stock Fund | 0.73% | 0.72% | 0.44% | 0.23% | 0.06% | 0.16% | 0.16% | 0.25% | 0.34% | 0.27% | 0.43% | 0.34% |
SPY SPDR S&P 500 ETF | 1.20% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TRSSX vs. SPY - Drawdown Comparison
The maximum TRSSX drawdown since its inception was -65.07%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TRSSX and SPY. For additional features, visit the drawdowns tool.
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Volatility
TRSSX vs. SPY - Volatility Comparison
T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) has a higher volatility of 6.17% compared to SPDR S&P 500 ETF (SPY) at 5.51%. This indicates that TRSSX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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