CARK vs. TDVG

Last updated Jun 24, 2026

CARK (Castleark Large Growth ETF) and TDVG (T. Rowe Price Dividend Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. Over the past year, CARK returned 16.47% vs 17.57% for TDVG. A 0.61 correlation means they provide meaningful diversification when combined. CARK charges 0.54%/yr vs 0.50%/yr for TDVG.

Performance

CARK vs. TDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Castleark Large Growth ETF (CARK) and T. Rowe Price Dividend Growth ETF (TDVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CARK achieves a 3.62% return, which is significantly lower than TDVG's 8.04% return.

CARK

• 1D: -2.21%
• 1M: -2.47%
• YTD: 3.62%
• 6M: 2.61%
• 1Y: 16.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TDVG

• 1D: -0.55%
• 1M: 1.22%
• YTD: 8.04%
• 6M: 7.41%
• 1Y: 17.57%
• 3Y*: 15.55%
• 5Y*: 10.19%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CARK vs. TDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CARK Castleark Large Growth ETF	3.62%	10.84%	26.49%	4.12%
TDVG T. Rowe Price Dividend Growth ETF	8.04%	14.80%	13.45%	4.03%

Correlation

The correlation between CARK and TDVG is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (All Time) Calculated using the full available price history since Dec 7, 2023	0.61

The correlation between CARK and TDVG has been stable across timeframes, ranging from 0.59 to 0.61 - a consistent structural relationship.

CARK vs. TDVG - Sectors Allocation Comparison

Sectors	CARK	TDVG
Technology	56.3%	26.2%
Communication Services	14.5%	1.0%
Consumer Cyclical	8.6%	7.2%
Financial Services	8.2%	19.3%
Healthcare	7.6%	12.4%
Industrials	4.8%	13.6%
Basic Materials	-	2.8%
Consumer Defensive	-	6.9%
Energy	-	5.3%
Real Estate	-	1.6%
Utilities	-	3.8%

Return for Risk

CARK vs. TDVG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CARK

CARK Risk / Return Rank: 26
CARK Sharpe Ratio Rank: 27
CARK Sortino Ratio Rank: 26
CARK Omega Ratio Rank: 26
CARK Calmar Ratio Rank: 23
CARK Martin Ratio Rank: 26

TDVG

TDVG Risk / Return Rank: 56
TDVG Sharpe Ratio Rank: 56
TDVG Sortino Ratio Rank: 58
TDVG Omega Ratio Rank: 54
TDVG Calmar Ratio Rank: 52
TDVG Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CARK vs. TDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Castleark Large Growth ETF (CARK) and T. Rowe Price Dividend Growth ETF (TDVG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	CARK	TDVG	Difference
Sharpe ratio: Return per unit of total volatility	0.92	1.81	-0.88
Sortino ratio: Return per unit of downside risk	1.33	2.60	-1.27
Omega ratio: Gain probability vs. loss probability	1.17	1.32	-0.16
Calmar ratio: Return relative to maximum drawdown	1.00	2.44	-1.44
Martin ratio: Return relative to average drawdown	3.31	10.01	-6.70

CARK vs. TDVG - Sharpe Ratio Comparison

The current CARK Sharpe Ratio is 0.92, which is lower than the TDVG Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of CARK and TDVG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CARK vs. TDVG - Drawdown Comparison

The maximum CARK drawdown since its inception was -25.22%, which is greater than TDVG's maximum drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for CARK and TDVG.

Drawdown Indicators

	CARK	TDVG	Difference
Max Drawdown Largest peak-to-trough decline	-25.22%	-19.20%	-6.02%
Max Drawdown (1Y) Largest decline over 1 year	-16.50%	-7.24%	-9.26%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.02%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.20%	—
Current Drawdown Current decline from peak	-5.86%	-0.82%	-5.04%
Average Drawdown Average peak-to-trough decline	-4.44%	-3.73%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.99%	1.76%	+3.23%

Volatility

CARK vs. TDVG - Volatility Comparison

Castleark Large Growth ETF (CARK) has a higher volatility of 6.75% compared to T. Rowe Price Dividend Growth ETF (TDVG) at 2.78%. This indicates that CARK's price experiences larger fluctuations and is considered to be riskier than TDVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CARK	TDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	2.78%	+3.97%
Volatility (6M) Calculated over the trailing 6-month period	13.93%	7.61%	+6.32%
Volatility (1Y) Calculated over the trailing 1-year period	17.92%	9.79%	+8.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.84%	13.92%	+6.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.84%	13.90%	+6.94%

CARK vs. TDVG - Expense Ratio Comparison

CARK has a 0.54% expense ratio, which is higher than TDVG's 0.50% expense ratio.

Dividends

CARK vs. TDVG - Dividend Comparison

CARK's dividend yield for the trailing twelve months is around 0.01%, less than TDVG's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CARK Castleark Large Growth ETF	0.01%	0.01%	0.02%	0.00%	0.00%	0.00%	0.00%
TDVG T. Rowe Price Dividend Growth ETF	0.98%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%

Frequently Asked Questions

Can I hold both CARK and TDVG in my portfolio?

CARK and TDVG have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CARK or TDVG?

CARK has higher volatility (6.75%) compared to TDVG (2.78%). In terms of maximum drawdown, CARK dropped -25.22% vs TDVG's -19.20%.

Which ETF is better, CARK or TDVG?

On 1-year performance, TDVG leads with 17.57% vs 16.47% for CARK. On fees, TDVG is cheaper at 0.50% per year. On volatility, TDVG has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CARK or TDVG?

Over the 1-year period, TDVG has performed better with a 17.57% return vs 16.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CARK or TDVG?

TDVG is cheaper with a 0.50% expense ratio, compared with 0.54% for CARK.

Which ETF pays a higher dividend yield, CARK or TDVG?

TDVG has the higher dividend yield at 0.98%, compared with 0.01% for CARK.

What is the main difference between CARK and TDVG?

They also come from different issuers: CastleArk and T. Rowe Price. Their fees differ too: 0.54% for CARK and 0.50% for TDVG.

Which has better risk-adjusted returns?

TDVG currently has the higher Sharpe Ratio (1.81 vs 0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.