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TMSL vs SPY

Comparison between T. ROWE PRICE SMALL-MID CAP ETF (TMSL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

TMSL vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
TMSL
$2.40B
Winner
SPY
$784B
Expense Ratio
TMSL
0.55%
Winner
SPY
0.09%
Max Drawdown
Winner
TMSL
24.72%
SPY
56.47%
Sharpe Ratio
TMSL
1.49
Winner
SPY
1.54
5Y Beta
TMSL
1.06
Winner
SPY
1.00
P/E Ratio
TMSL
32.83
Winner
SPY
27.62
Forward P/E
Winner
TMSL
16.07
SPY
21.11
5Y Dividends CAGR
TMSL
N/A
SPY
6.00%
5Y EPS CAGR
TMSL
N/A
SPY
25.30%
Debt to Equity
TMSL
55.00%
Winner
SPY
31.11%
P/S Ratio
Winner
TMSL
1.51
SPY
3.49
P/B Ratio
Winner
TMSL
3.07
SPY
5.30

TMSL vs SPY - Holdings Comparison

TMSL and SPY have 43 common holdings. Overlap is 1.84%

TMSL's top 25 holdings weight is 22.61%. SPY's top 25 holdings weight is 51.24%.

RankTMSLSPY
#1
SANDISK CORP ORDINARY SHARES (SNDK) - 3.45%
NVIDIA CORP (NVDA) - 7.81%
#2
POPULAR INC (BPOP) - 1.15%
APPLE INC (AAPL) - 6.81%
#3
THE MIDDLEBY CORP (MIDD) - 1.01%
MICROSOFT CORP (MSFT) - 4.53%
#4
MKS INC (MKSI) - 1.01%
AMAZON.COM INC (AMZN) - 3.72%
#5
NVENT ELECTRIC PLC (NVT) - 0.98%
ALPHABET INC CLASS A (GOOGL) - 3.39%
#6
TENET HEALTHCARE CORP (THC) - 0.93%
BROADCOM INC (AVGO) - 2.77%
#7
STONEX GROUP INC (SNEX) - 0.92%
ALPHABET INC CLASS C (GOOG) - 2.72%
#8
TELEDYNE TECHNOLOGIES INC (TDY) - 0.92%
META PLATFORMS INC CLASS A (META) - 2.03%
#9
EAST WEST BANCORP INC (EWBC) - 0.89%
MICRON TECHNOLOGY INC (MU) - 1.78%
#10
RAMBUS INC (RMBS) - 0.87%
TESLA INC (TSLA) - 1.76%
#11
TECHNIPFMC PLC (n/a) - 0.87%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41%
#12
RELIANCE INC (RS) - 0.85%
JPMORGAN CHASE & CO (JPM) - 1.38%
#13
FLEX LTD (FLEX) - 0.85%
ELI LILLY AND CO (LLY) - 1.38%
#14
SENSATA TECHNOLOGIES HOLDING PLC (ST) - 0.81%
ADVANCED MICRO DEVICES INC (AMD) - 1.28%
#15
TEXTRON INC (TXT) - 0.78%
EXXON MOBIL CORP (XOM) - 0.92%
#16
CIENA CORP (CIEN) - 0.77%
JOHNSON & JOHNSON (JNJ) - 0.88%
#17
AXIS CAPITAL HOLDINGS LTD (AXS) - 0.77%
VISA INC CLASS A (V) - 0.87%
#18
CORPAY INC (CPAY) - 0.77%
INTEL CORP (INTC) - 0.85%
#19
LUMENTUM HOLDINGS INC (LITE) - 0.76%
WALMART INC (WMT) - 0.82%
#20
GUARDANT HEALTH INC (GH) - 0.76%
CISCO SYSTEMS INC (CSCO) - 0.73%
#21
RENAISSANCERE HOLDINGS LTD (RNR) - 0.51%
LAM RESEARCH CORP (LRCX) - 0.71%
#22
CURTISS-WRIGHT CORP (CW) - 0.50%
APPLIED MATERIALS INC (AMAT) - 0.70%
#23
BURLINGTON STORES INC (BURL) - 0.50%
CATERPILLAR INC (CAT) - 0.68%
#24
OVINTIV INC (OVV) - 0.49%
COSTCO WHOLESALE CORP (COST) - 0.68%
#25
FIRST BANCORP (FBP) - 0.49%
MASTERCARD INC CLASS A (MA) - 0.63%
Total Holdings250505

TMSL vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
TMSL
+3.45%
SPY
-1.37%
3M
Winner
TMSL
+16.35%
SPY
+12.22%
6M
Winner
TMSL
+16.51%
SPY
+7.20%
1Y
Winner
TMSL
+32.67%
SPY
+23.58%
5Y(CAGR)
TMSL
N/A
SPY
+13.19%
10Y(CAGR)
TMSL
N/A
SPY
+15.12%
Max(CAGR)
Winner
TMSL
+19.48%
SPY
+8.44%

TMSL vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearTMSLSPY
2026+16.99%+7.95%
2025+12.04%+18.00%
2024+16.39%+25.59%
2023+11.22%+26.72%
2022N/A-18.64%
2021N/A+30.52%
2020N/A+17.28%
2019N/A+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

TMSL vs SPY Drawdown Comparison

The maximum drawdown for TMSL was -24.39%, occurring on Apr 8, 2025. Recovery took 193 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current TMSL drawdown is -2.05%. The current SPY drawdown is -3.18%.

RankTMSLSPY
#1-24.39%
Nov 25, 2024 - Sep 5, 2025		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-13.22%
Jul 31, 2023 - Dec 13, 2023		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-11.19%
Feb 26, 2026 - Apr 17, 2026		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-8.33%
Jul 16, 2024 - Sep 19, 2024		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-7.68%
Mar 28, 2024 - Jul 15, 2024		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-6.69%
Oct 27, 2025 - Nov 28, 2025		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-4.05%
May 6, 2026 - May 26, 2026		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-4.03%
Sep 18, 2025 - Oct 23, 2025		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-3.76%
Nov 11, 2024 - Nov 22, 2024		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-3.71%
May 26, 2026 - Jun 12, 2026		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-3.27%
Dec 27, 2023 - Jan 22, 2024		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-3.18%
Dec 11, 2025 - Jan 6, 2026		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-2.93%
Oct 17, 2024 - Nov 6, 2024		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-2.59%
Apr 20, 2026 - May 5, 2026		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-2.56%
Jun 15, 2023 - Jun 29, 2023		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between TMSL and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97
-101

Dividend Comparison (1999 - 2026)

TMSL vs SPY dividend yield comparison.

YearTMSLSPY
20260.00%0.50%
20250.57%1.07%
20240.44%1.21%
20230.34%1.40%
20220.00%1.65%
20210.00%1.20%
20200.00%1.52%
20190.00%1.75%
20180.00%2.04%
20170.00%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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