TRSSX vs. VSEQX
TRSSX (T. Rowe Price Institutional Small Cap Stock Fund) and VSEQX (Vanguard Strategic Equity Fund) are both mutual funds - TRSSX is a Small Cap Growth Equities fund managed by T. Rowe Price, while VSEQX is a Mid Cap Blend Equities fund tracking the Spliced Small and Mid Cap Index. Over the past 10 years, TRSSX returned 11.40%/yr vs 12.94%/yr for VSEQX. Their correlation of 0.95 means they have usually moved in the same direction. TRSSX charges 0.66%/yr vs 0.17%/yr for VSEQX.
Performance
TRSSX vs. VSEQX - Performance Comparison
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Returns By Period
In the year-to-date period, TRSSX achieves a 14.15% return, which is significantly lower than VSEQX's 19.38% return. Over the past 10 years, TRSSX has underperformed VSEQX with an annualized return of 11.40%, while VSEQX has yielded a comparatively higher 12.94% annualized return.
TRSSX
- 1D
- 2.28%
- 1M
- -3.23%
- 6M
- 6.67%
- YTD
- 14.15%
- 1Y
- 24.12%
- 3Y*
- 12.26%
- 5Y*
- 4.93%
- 10Y*
- 11.40%
- ALL TIME*
- 10.25%
VSEQX
- 1D
- 0.83%
- 1M
- -0.20%
- 6M
- 15.59%
- YTD
- 19.38%
- 1Y
- 33.97%
- 3Y*
- 18.83%
- 5Y*
- 12.49%
- 10Y*
- 12.94%
- ALL TIME*
- 10.60%
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 |
TRSSX vs. VSEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRSSX T. Rowe Price Institutional Small Cap Stock Fund | 14.15% | 8.21% | 10.93% | 17.65% | -23.36% | 16.81% | 25.07% | 33.96% | -3.07% | 15.41% |
VSEQX Vanguard Strategic Equity Fund | 19.38% | 15.32% | 16.67% | 19.31% | -11.90% | 30.83% | 10.26% | 26.76% | -11.86% | 12.36% |
Correlation
The correlation between TRSSX and VSEQX is 0.87, 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. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2000 | 0.95 |
The correlation between TRSSX and VSEQX has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.
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Return for Risk
TRSSX vs. VSEQX — Risk / Return Rank
TRSSX
VSEQX
TRSSX vs. VSEQX - 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 Strategic Equity Fund (VSEQX). 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.
| TRSSX | VSEQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.36 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 4.10 | -2.03 |
| Martin ratioReturn relative to average drawdown | 7.27 | 15.69 | -8.42 |
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Drawdowns
TRSSX vs. VSEQX - Drawdown Comparison
The maximum TRSSX drawdown since its inception was -56.38%, smaller than the maximum VSEQX drawdown of -63.55%. Use the drawdown chart below to compare losses from any high point for TRSSX and VSEQX.
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Drawdown Indicators
| TRSSX | VSEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.38% | -63.55% | +7.17% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -7.60% | -3.13% |
Max Drawdown (3Y)Largest decline over 3 years | -30.88% | -24.73% | -6.15% |
Max Drawdown (5Y)Largest decline over 5 years | -32.12% | -24.73% | -7.39% |
Max Drawdown (10Y)Largest decline over 10 years | -37.85% | -44.08% | +6.23% |
Current DrawdownCurrent decline from peak | -5.08% | -1.04% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -8.96% | -9.02% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 1.98% | +1.06% |
Volatility
TRSSX vs. VSEQX - Volatility Comparison
T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) has a higher volatility of 4.90% compared to Vanguard Strategic Equity Fund (VSEQX) at 3.03%. This indicates that TRSSX's price experiences larger fluctuations and is considered to be riskier than VSEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRSSX | VSEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 3.03% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 14.61% | 10.82% | +3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.89% | 15.11% | +3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.36% | 19.86% | +2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.57% | 21.35% | +0.22% |
TRSSX vs. VSEQX - Expense Ratio Comparison
TRSSX has a 0.66% expense ratio, which is higher than VSEQX's 0.17% expense ratio.
Dividends
TRSSX vs. VSEQX - Dividend Comparison
TRSSX's dividend yield for the trailing twelve months is around 9.26%, which matches VSEQX's 9.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRSSX T. Rowe Price Institutional Small Cap Stock Fund | 9.26% | 10.57% | 19.63% | 5.45% | 5.37% | 8.52% | 4.54% | 6.13% | 13.45% | 6.53% | 0.80% | 7.07% |
VSEQX Vanguard Strategic Equity Fund | 9.35% | 11.16% | 11.36% | 6.11% | 11.77% | 21.36% | 1.77% | 2.92% | 10.34% | 7.05% | 3.13% | 12.28% |
Frequently Asked Questions
TRSSX and VSEQX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRSSX has higher volatility (4.90%) compared to VSEQX (3.03%). In terms of maximum drawdown, TRSSX dropped -56.38% vs VSEQX's -63.55%.
VSEQX currently has the higher Sharpe Ratio (2.06 vs 1.18), 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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