Investment capabilities
Investments built for client needs
We partner with clients to understand their needs. By designing each of our portfolios to meet specific investment objectives, we help clients navigate change in an evolving world.
Find the information most relevant to you
To explore investment capabilities, solutions, and resources aligned to your needs, please select an investor role from the tiles above that best describes you. If you're not sure which role applies, you can continue browsing featured content below.
More return. More often. See the T. Rowe Price difference.
See how T. Rowe Price performance measured up against passive investments.
Leadership to guide clients through any market environment
See how curiosity can guide your investments
Explore market insights
We’re asking better questions to help give you a full view of what’s ahead, what’s important, and how our investing teams are responding now—so you have the full picture.
Learn more about T. Rowe Price
Learn more about our firm and the benefits of partnering with us to help you thrive in an evolving world.
Important Information
All data as of December 31, 2025 unless otherwise stated.
For more information on the methodology of this analysis, please visit troweprice.com/complete-performance-study.
Past performance is no guarantee of future results. All investments are subject to risk, including the possible loss of principal. Results from other time periods may differ. Active investing may have higher costs than passive investing and may underperform the broad market or passive peers with similar objectives. Passive investing may lag the performance of actively managed peers as holdings are not reallocated based on changes in market conditions or outlooks on specific securities.
Analysis by T. Rowe Price. Comparable passive funds are (1) mutual funds and exchange-traded funds (ETFs) classified as an "index fund" in the Morningstar Direct database and (2) in the same Morningstar category as the active funds being analyzed. All Active Managers represents the actively managed (non-"index fund") mutual funds and ETFs in the Morningstar Direct database, excluding those managed by T. Rowe Price. The performance of the T. Rowe Price active funds and the All Active Managers funds were compared against the comparable passive funds using 10- year rolling monthly periods from 1/1/05 to 12/31/24. The analysis was conducted at the Morningstar category level analyzing all open-end funds and ETFs within U.S. Morningstar categories where passive funds are present. Oldest share class returns are used for analysis. Money market funds are excluded from the analysis.
1115 funds covering 9,303 rolling 10-year periods.
2579 funds covering 48,375 rolling 10-year periods. The active assets under management (AUM) as of 12/31/24 across all funds considered in the analysis are aggregated and those funds offered at any point in the analysis period by the largest five active fund managers by AUM, identified by Morningstar, other than T. Rowe Price are grouped together here. Source: Morningstar.
35,562 funds covering 393,259 rolling 10-year periods, excluding T. Rowe Price.
5036928