VSNGX vs. PMEGX

Last updated Aug 5, 2026

VSNGX (JPMorgan Mid Cap Equity Fund) and PMEGX (T. Rowe Price Institutional Mid Cap Equity Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, VSNGX returned 11.70%/yr vs 9.86%/yr for PMEGX. Their correlation of 0.94 means they have usually moved in the same direction. VSNGX charges 0.89%/yr vs 0.61%/yr for PMEGX.

Performance

VSNGX vs. PMEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Mid Cap Equity Fund (VSNGX) and T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VSNGX achieves a 11.48% return, which is significantly higher than PMEGX's 4.05% return. Over the past 10 years, VSNGX has outperformed PMEGX with an annualized return of 11.70%, while PMEGX has yielded a comparatively lower 9.86% annualized return.

VSNGX

• 1D: 1.24%
• 1M: 0.64%
• 6M: 8.44%
• YTD: 11.48%
• 1Y: 13.23%
• 3Y*: 14.21%
• 5Y*: 7.35%
• 10Y*: 11.70%
• ALL TIME*: 10.90%

PMEGX

• 1D: 1.32%
• 1M: -0.55%
• 6M: 4.15%
• YTD: 4.05%
• 1Y: 5.48%
• 3Y*: 7.54%
• 5Y*: 2.30%
• 10Y*: 9.86%
• ALL TIME*: 10.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund	$0.00	$0.00	$0.00
VSNGX JPMorgan Mid Cap Equity Fund	$0.00	$0.00	$0.00

VSNGX vs. PMEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VSNGX JPMorgan Mid Cap Equity Fund	11.48%	6.09%	18.60%	16.15%	-16.03%	19.97%	22.62%	32.73%	-8.20%	21.35%
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund	4.05%	3.73%	9.15%	20.69%	-23.19%	15.50%	23.95%	33.08%	-2.23%	26.02%

Correlation

The correlation between VSNGX and PMEGX is 0.89, 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.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996	0.94

The correlation between VSNGX and PMEGX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

VSNGX vs. PMEGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VSNGX

VSNGX Risk / Return Rank: 36
VSNGX Sharpe Ratio Rank: 32
VSNGX Sortino Ratio Rank: 34
VSNGX Omega Ratio Rank: 30
VSNGX Calmar Ratio Rank: 39
VSNGX Martin Ratio Rank: 43

PMEGX

PMEGX Risk / Return Rank: 13
PMEGX Sharpe Ratio Rank: 12
PMEGX Sortino Ratio Rank: 13
PMEGX Omega Ratio Rank: 11
PMEGX Calmar Ratio Rank: 13
PMEGX Martin Ratio Rank: 16

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VSNGX vs. PMEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Equity Fund (VSNGX) and T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX). 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.

	VSNGX	PMEGX	Difference
Sharpe ratio: Return per unit of total volatility	1.17	0.53	+0.64
Sortino ratio: Return per unit of downside risk	1.78	0.89	+0.89
Omega ratio: Gain probability vs. loss probability	1.21	1.10	+0.11
Calmar ratio: Return relative to maximum drawdown	1.79	0.71	+1.07
Martin ratio: Return relative to average drawdown	6.69	2.39	+4.29

VSNGX vs. PMEGX - Sharpe Ratio Comparison

The current VSNGX Sharpe Ratio is 1.17, which is higher than the PMEGX Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of VSNGX and PMEGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VSNGX vs. PMEGX - Drawdown Comparison

The maximum VSNGX drawdown since its inception was -54.50%, roughly equal to the maximum PMEGX drawdown of -55.88%. Use the drawdown chart below to compare losses from any high point for VSNGX and PMEGX.

Drawdown Indicators

	VSNGX	PMEGX	Difference
Max Drawdown Largest peak-to-trough decline	-54.50%	-55.88%	+1.38%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-10.21%	+1.97%
Max Drawdown (3Y) Largest decline over 3 years	-18.96%	-27.99%	+9.03%
Max Drawdown (5Y) Largest decline over 5 years	-25.08%	-32.87%	+7.79%
Max Drawdown (10Y) Largest decline over 10 years	-38.33%	-37.16%	-1.17%
Current Drawdown Current decline from peak	0.00%	-5.27%	+5.27%
Average Drawdown Average peak-to-trough decline	-7.40%	-8.99%	+1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	3.03%	-0.83%

Volatility

VSNGX vs. PMEGX - Volatility Comparison

JPMorgan Mid Cap Equity Fund (VSNGX) and T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) have volatilities of 2.88% and 2.86%, 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.

Volatility by Period

	VSNGX	PMEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	2.86%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.41%	10.51%	-1.10%
Volatility (1Y) Calculated over the trailing 1-year period	12.59%	13.66%	-1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.38%	20.12%	-2.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.53%	19.76%	-0.23%

VSNGX vs. PMEGX - Expense Ratio Comparison

VSNGX has a 0.89% expense ratio, which is higher than PMEGX's 0.61% expense ratio.

Dividends

VSNGX vs. PMEGX - Dividend Comparison

VSNGX's dividend yield for the trailing twelve months is around 5.52%, less than PMEGX's 20.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund	20.28%	21.10%	14.15%	7.07%	1.65%	12.80%	4.44%	5.11%	10.42%	6.30%	1.04%	6.18%
VSNGX JPMorgan Mid Cap Equity Fund	5.52%	6.15%	8.60%	0.50%	2.81%	7.63%	11.65%	8.60%	12.95%	5.79%	3.37%	5.15%

Frequently Asked Questions

Can I hold both VSNGX and PMEGX in my portfolio?

VSNGX and PMEGX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VSNGX or PMEGX?

VSNGX has higher volatility (2.88%) compared to PMEGX (2.86%). In terms of maximum drawdown, VSNGX dropped -54.50% vs PMEGX's -55.88%.

Which has better risk-adjusted returns?

VSNGX currently has the higher Sharpe Ratio (1.17 vs 0.53), 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.