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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price US Equity Research ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
T. Rowe Price US Equity Research ETF (TSPA) has returned -4.39% so far this year and 17.05% over the past 12 months.
T. Rowe Price US Equity Research ETF
- 1D
- 3.02%
- 1M
- -5.30%
- YTD
- -4.39%
- 6M
- -1.80%
- 1Y
- 17.05%
- 3Y*
- 19.14%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jun 9, 2021, TSPA's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, your investment would double in approximately 5.7 years.
Historically, 60% of months were positive and 40% were negative. The best month was Jul 2022 with a return of +9.9%, 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% | -4.39% | |||||||||
| 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 | 1.85% | 2.26% | 3.07% | -4.34% | 6.75% | -0.88% | 4.66% | 13.72% |
Benchmark Metrics
T. Rowe Price US Equity Research ETF has an annualized alpha of 1.91%, beta of 1.00, and R² of 0.99 versus S&P 500 Index. Calculated based on daily prices since June 10, 2021.
- This ETF captured 104.88% of S&P 500 Index gains but only 96.57% of its losses — a favorable profile for investors.
- With beta of 1.00 and R² of 0.99, 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
- 1.91%
- Beta
- 1.00
- R²
- 0.99
- Upside Capture
- 104.88%
- Downside Capture
- 96.57%
Expense Ratio
TSPA has an expense ratio of 0.34%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TSPA ranks 56 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price US Equity Research ETF (TSPA) and compare them to a chosen benchmark (S&P 500 Index).
| TSPA | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.90 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.44 | 1.39 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.40 | +0.07 |
Martin ratioReturn relative to average drawdown | 6.81 | 6.61 | +0.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore TSPA risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
T. Rowe Price US Equity Research ETF provided a 0.65% 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 | 0.65% | 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 | |||||||||
| 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.
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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 6.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.72% | Dec 30, 2021 | 198 | Oct 12, 2022 | 280 | Nov 22, 2023 | 478 |
| -19.04% | Feb 20, 2025 | 34 | Apr 8, 2025 | 55 | Jun 27, 2025 | 89 |
| -9.24% | Jan 30, 2026 | 41 | Mar 30, 2026 | — | — | — |
| -8.9% | Jul 17, 2024 | 14 | Aug 5, 2024 | 32 | Sep 19, 2024 | 46 |
| -5.49% | Apr 1, 2024 | 15 | Apr 19, 2024 | 17 | May 14, 2024 | 32 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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