- Issuer
- T. Rowe Price
- Inception Date
- Jun 11, 2025
- Region
- North America (United States)
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Highlights
- Avg. Volume (1M)
- 11K
- Avg. Volume Value (1M)
- $386.19K
Share Price Chart
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Performance
TMED Performance Chart
T. Rowe Price Health Care ETF (TMED) is up 14.0% since the beginning of the year. TMED is currently trading at $34 per share.
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Returns By Period
T. Rowe Price Health Care ETF (TMED) has returned 13.99% so far this year and 41.29% over the past 12 months.
T. Rowe Price Health Care ETF
- 1D
- -0.97%
- 1M
- -3.17%
- 6M
- 14.67%
- YTD
- 13.99%
- 1Y
- 41.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.33%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
TMED Monthly Returns History
Based on dividend-adjusted daily data since Jun 12, 2025, TMED's average daily return is +0.11%, while the average monthly return is +2.31%. At this rate, an investment would double in approximately 2.5 years.
Historically, 57% of months were positive and 43% were negative. The best month was Jun 2026 with a return of +7.9%, while the worst month was Mar 2026 at -5.1%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.
On a daily basis, TMED closed higher 51% of trading days. The best single day was Mar 31, 2026 with a return of +4.5%, while the worst single day was Mar 27, 2026 at -3.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.60% | 3.19% | -5.11% | 3.73% | 5.50% | 7.88% | -0.80% | 13.99% | |||||
| 2025 | -0.78% | -3.17% | 5.03% | 5.71% | 7.30% | 6.21% | -1.71% | 19.49% |
Benchmark Metrics
T. Rowe Price Health Care ETF has an annualized alpha of 17.18%, beta of 0.65, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since June 12, 2025.
- This ETF captured 95.02% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -45.41%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.65 may look defensive, but with R2 of 0.20 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.20 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 17.18%
- Beta
- 0.65
- R²
- 0.20
- Upside Capture
- 95.02%
- Downside Capture
- -45.41%
Expense Ratio
TMED has an expense ratio of 0.44%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TMED ranks 89 for risk / return — above 89% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Health Care ETF (TMED) and compare them to S&P 500 Index.
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.
| TMED | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.25 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 2.00 | +1.77 |
| Martin ratioReturn relative to average drawdown | 12.89 | 8.49 | +4.40 |
Dividends
Dividend History
T. Rowe Price Health Care ETF provided a 0.48% dividend yield over the last twelve months, with an annual payout of $0.16 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.16 | $0.16 |
Dividend yield | 0.48% | 0.54% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Health Care ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.16 | $0.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Health Care ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Health Care ETF was 11.11%, occurring on Mar 27, 2026. Recovery took 42 trading sessions.
The current T. Rowe Price Health Care ETF drawdown is 4.25%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-11.11%Mar 2026 | 2mo 3d | 2mo 2d | 4mo 5dJan 2026 - May 2026 | — |
-7.15%Aug 2025 | 27d | 15d | 1mo 12dJul 2025 - Aug 2025 | — |
-4.85%Dec 2025 | 11d | 29d | 1mo 10dNov 2025 - Jan 2026 | — |
-4.46%Jul 2026 | 14d | — | 25dJul 2026 - now | — |
-3.75%Jun 2026 | 4d | 2d | 6dMay 2026 - Jun 2026 | — |
Drawdown Indicators
| TMED | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.11% | -56.78% | +45.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.11% | -9.10% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.25% | -1.58% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -10.70% | +8.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.14% | +1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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