TRSSX vs. VOO
Compare and contrast key facts about T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) and Vanguard S&P 500 ETF (VOO).
TRSSX is managed by T. Rowe Price. It was launched on Mar 31, 2000. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
TRSSX vs. VOO - Performance Comparison
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TRSSX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRSSX T. Rowe Price Institutional Small Cap Stock Fund | 1.64% | 8.21% | 10.93% | 17.65% | -23.36% | 16.81% | 25.07% | 33.96% | -3.07% | 15.41% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, TRSSX achieves a 1.64% return, which is significantly higher than VOO's -3.66% return. Over the past 10 years, TRSSX has underperformed VOO with an annualized return of 11.06%, while VOO has yielded a comparatively higher 14.14% annualized return.
TRSSX
- 1D
- 3.81%
- 1M
- -6.98%
- YTD
- 1.64%
- 6M
- 2.99%
- 1Y
- 16.84%
- 3Y*
- 11.54%
- 5Y*
- 3.12%
- 10Y*
- 11.06%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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TRSSX vs. VOO - Expense Ratio Comparison
TRSSX has a 0.66% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
TRSSX vs. VOO — Risk / Return Rank
TRSSX
VOO
TRSSX vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.01 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.53 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.55 | -0.66 |
Martin ratioReturn relative to average drawdown | 3.73 | 7.31 | -3.58 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.01 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.71 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.79 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.83 | -0.39 |
Correlation
The correlation between TRSSX and VOO is 0.85, 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. VOO - Dividend Comparison
TRSSX's dividend yield for the trailing twelve months is around 10.40%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRSSX T. Rowe Price Institutional Small Cap Stock Fund | 10.40% | 10.57% | 19.63% | 5.45% | 5.37% | 8.52% | 4.54% | 6.13% | 13.45% | 6.53% | 0.80% | 7.07% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
TRSSX vs. VOO - Drawdown Comparison
The maximum TRSSX drawdown since its inception was -56.38%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TRSSX and VOO.
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Drawdown Indicators
| TRSSX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.38% | -33.99% | -22.39% |
Max Drawdown (1Y)Largest decline over 1 year | -13.50% | -11.98% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -32.12% | -24.52% | -7.60% |
Max Drawdown (10Y)Largest decline over 10 years | -37.85% | -33.99% | -3.86% |
Current DrawdownCurrent decline from peak | -8.05% | -5.55% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -9.05% | -3.72% | -5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 2.55% | +1.18% |
Volatility
TRSSX vs. VOO - Volatility Comparison
T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) has a higher volatility of 8.21% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that TRSSX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRSSX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.21% | 5.34% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 9.47% | +4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.91% | 18.11% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.11% | 16.82% | +5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 17.99% | +3.50% |