- ISIN
- US87283Q5036
- Issuer
- T. Rowe Price
- Inception Date
- Jun 8, 2021
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $4B
Highlights
- Avg. Volume (1M)
- 427K
- Avg. Volume Value (1M)
- $20.14M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
TSPA Performance Chart
T. Rowe Price US Equity Research ETF (TSPA) is up 10.1% since the beginning of the year. TSPA is currently trading at $47 per share. Investors who bought $1,000 worth of TSPA shares 5 years ago would now be looking at an investment worth $1,869.
Loading charts...
Compare this symbol against anything
Returns By Period
T. Rowe Price US Equity Research ETF (TSPA) has returned 10.14% so far this year and 19.16% over the past 12 months.
T. Rowe Price US Equity Research ETF
- 1D
- 0.68%
- 1M
- -0.53%
- 6M
- 8.43%
- YTD
- 10.14%
- 1Y
- 19.16%
- 3Y*
- 19.74%
- 5Y*
- 13.33%
- 10Y*
- —
- ALL TIME*
- 13.75%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 18.15%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
TSPA Monthly Returns History
Based on dividend-adjusted daily data since Jun 9, 2021, TSPA's average daily return is +0.06%, while the average monthly return is +1.18%. At this rate, an investment would double in approximately 4.9 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2026 with a return of +11.1%, while the worst month was Apr 2022 at -9.5%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TSPA closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +9.0%, while the worst single day was Apr 4, 2025 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.59% | -0.62% | -5.30% | 11.10% | 5.06% | -0.44% | -0.86% | 10.14% | |||||
| 2025 | 2.65% | -1.53% | -5.91% | -0.71% | 6.42% | 4.68% | 2.31% | 1.88% | 3.38% | 2.58% | -0.00% | 0.13% | 16.44% |
| 2024 | 2.30% | 5.63% | 3.27% | -3.95% | 5.12% | 3.80% | 0.61% | 2.28% | 2.03% | -0.80% | 5.86% | -2.02% | 26.37% |
| 2023 | 6.56% | -2.06% | 3.57% | 2.18% | 1.24% | 6.45% | 3.15% | -0.98% | -4.76% | -1.99% | 9.33% | 4.74% | 29.95% |
| 2022 | -4.94% | -2.91% | 3.54% | -9.49% | -0.04% | -8.10% | 9.93% | -4.06% | -9.21% | 7.69% | 5.14% | -5.62% | -18.70% |
| 2021 | 1.44% | 2.26% | 3.07% | -4.34% | 6.75% | -0.88% | 4.66% | 13.26% |
Benchmark Metrics
T. Rowe Price US Equity Research ETF has an annualized alpha of 1.81%, beta of 1.00, and R2 of 0.98 versus S&P 500 Index. Calculated based on daily prices since June 09, 2021.
- This ETF captured 104.70% of S&P 500 Index gains but only 96.66% of its losses - a favorable profile for investors.
- With beta of 1.00 and R2 of 0.98, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.81%
- Beta
- 1.00
- R²
- 0.98
- Upside Capture
- 104.70%
- Downside Capture
- 96.66%
Expense Ratio
TSPA has an expense ratio of 0.34%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TSPA ranks 62 for risk / return — above 62% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for T. Rowe Price US Equity Research ETF (TSPA) 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.
| TSPA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.00 | +0.08 |
| Martin ratioReturn relative to average drawdown | 8.95 | 8.49 | +0.46 |
Dividends
Dividend History
T. Rowe Price US Equity Research ETF provided a 0.57% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.27 | $0.18 | $0.12 | $0.26 | $0.12 |
Dividend yield | 0.57% | 0.62% | 0.50% | 0.41% | 1.16% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price US Equity Research 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2021 | $0.12 | $0.12 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price US Equity Research 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 US Equity Research ETF was 24.72%, occurring on Oct 12, 2022. Recovery took 280 trading sessions.
The current T. Rowe Price US Equity Research ETF drawdown is 1.71%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-24.72%Oct 2022 | 9mo 16d | 1y 1mo | 1y 10moDec 2021 - Nov 2023 | Bear market2022 |
-19.04%Apr 2025 | 1mo 17d | 2mo 20d | 4mo 7dFeb 2025 - Jun 2025 | 2025 selloff2025 |
-9.24%Mar 2026 | 1mo 29d | 15d | 2mo 14dJan 2026 - Apr 2026 | — |
-8.90%Aug 2024 | 19d | 1mo 15d | 2mo 4dJul 2024 - Sep 2024 | — |
-5.49%Apr 2024 | 18d | 25d | 1mo 13dApr 2024 - May 2024 | — |
Drawdown Indicators
| TSPA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.72% | -56.78% | +32.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | -9.10% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -19.04% | -18.90% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -24.72% | -25.43% | +0.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.71% | -1.58% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -10.70% | +5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 2.14% | +0.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with TSPA
Add T. Rowe Price US Equity Research ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with TSPA