CGUS vs. TSPA

Last updated Jun 4, 2026

CGUS (Capital Group Core Equity ETF) and TSPA (T. Rowe Price US Equity Research ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past 3 years, CGUS returned 22.34%/yr vs 22.97%/yr for TSPA. With a 0.97 correlation, they move nearly in lockstep. CGUS charges 0.33%/yr vs 0.34%/yr for TSPA.

Performance

CGUS vs. TSPA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Core Equity ETF (CGUS) and T. Rowe Price US Equity Research ETF (TSPA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGUS achieves a 9.93% return, which is significantly lower than TSPA's 11.31% return.

CGUS

• 1D: -0.74%
• 1M: 3.74%
• YTD: 9.93%
• 6M: 10.08%
• 1Y: 25.53%
• 3Y*: 22.34%
• 5Y*: —
• 10Y*: —

TSPA

• 1D: -0.67%
• 1M: 4.87%
• YTD: 11.31%
• 6M: 11.41%
• 1Y: 27.74%
• 3Y*: 22.97%
• 5Y*: —
• 10Y*: —

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

CGUS vs. TSPA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGUS Capital Group Core Equity ETF	9.93%	16.21%	24.89%	27.72%	-7.94%
TSPA T. Rowe Price US Equity Research ETF	11.31%	16.44%	26.37%	29.95%	-10.22%

Correlation

The correlation between CGUS and TSPA is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.97

The correlation between CGUS and TSPA has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

CGUS vs. TSPA - Sectors Allocation Comparison

Sectors	CGUS	TSPA
Technology	38.4%	33.6%
Financial Services	10.8%	12.8%
Communication Services	9.9%	10.7%
Consumer Cyclical	9.8%	9.9%
Industrials	9.6%	8.0%
Healthcare	8.3%	9.5%
Energy	3.7%	4.1%
Consumer Defensive	3.3%	5.0%
Basic Materials	2.5%	1.9%
Real Estate	2.1%	1.8%
Utilities	1.7%	2.6%

Return for Risk

CGUS vs. TSPA — Risk / Return Rank

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

CGUS

CGUS Risk / Return Rank: 60
CGUS Sharpe Ratio Rank: 61
CGUS Sortino Ratio Rank: 59
CGUS Omega Ratio Rank: 61
CGUS Calmar Ratio Rank: 53
CGUS Martin Ratio Rank: 67

TSPA

TSPA Risk / Return Rank: 67
TSPA Sharpe Ratio Rank: 68
TSPA Sortino Ratio Rank: 67
TSPA Omega Ratio Rank: 68
TSPA Calmar Ratio Rank: 61
TSPA Martin Ratio Rank: 74

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.

CGUS vs. TSPA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Equity ETF (CGUS) and T. Rowe Price US Equity Research ETF (TSPA). 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.

	CGUS	TSPA	Difference
Sharpe ratio Return per unit of total volatility	2.08	2.28	-0.19
Sortino ratio Return per unit of downside risk	2.83	3.12	-0.29
Omega ratio Gain probability vs. loss probability	1.38	1.41	-0.04
Calmar ratio Return relative to maximum drawdown	2.67	3.02	-0.34
Martin ratio Return relative to average drawdown	12.44	14.04	-1.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGUS vs. TSPA - Sharpe Ratio Comparison

The current CGUS Sharpe Ratio is 2.08, which is comparable to the TSPA Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of CGUS and TSPA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CGUS	TSPA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	2.28	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.86	+0.11

Drawdowns

CGUS vs. TSPA - Drawdown Comparison

The maximum CGUS drawdown since its inception was -21.86%, smaller than the maximum TSPA drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for CGUS and TSPA.

Drawdown Indicators

	CGUS	TSPA	Difference
Max Drawdown Largest peak-to-trough decline	-21.86%	-24.72%	+2.86%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-9.24%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-18.06%	-19.04%	+0.98%
Current Drawdown Current decline from peak	-0.74%	-0.67%	-0.07%
Average Drawdown Average peak-to-trough decline	-4.65%	-5.49%	+0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.98%	+0.08%

Volatility

CGUS vs. TSPA - Volatility Comparison

Capital Group Core Equity ETF (CGUS) and T. Rowe Price US Equity Research ETF (TSPA) have volatilities of 2.89% and 2.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGUS	TSPA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	2.98%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	9.46%	9.44%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.33%	12.26%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.38%	17.00%	-0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.38%	17.00%	-0.62%

CGUS vs. TSPA - Expense Ratio Comparison

CGUS has a 0.33% expense ratio, which is lower than TSPA's 0.34% expense ratio.

Dividends

CGUS vs. TSPA - Dividend Comparison

CGUS's dividend yield for the trailing twelve months is around 0.87%, more than TSPA's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021
CGUS Capital Group Core Equity ETF	0.87%	0.95%	1.02%	1.22%	1.10%	0.00%
TSPA T. Rowe Price US Equity Research ETF	0.56%	0.62%	0.50%	0.41%	1.16%	0.43%

Frequently Asked Questions

Can I hold both CGUS and TSPA in my portfolio?

With a correlation of 0.96, CGUS and TSPA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CGUS or TSPA?

TSPA has higher volatility (2.98%) compared to CGUS (2.89%). In terms of maximum drawdown, CGUS dropped -21.86% vs TSPA's -24.72%.

Which ETF is better, CGUS or TSPA?

On 3-year performance, TSPA leads with 22.97% vs 22.34% for CGUS. On fees, CGUS is cheaper at 0.33% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGUS or TSPA?

Over the 3-year period, TSPA has performed better with a 22.97% return vs 22.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGUS or TSPA?

CGUS is cheaper with a 0.33% expense ratio, compared with 0.34% for TSPA.

Which ETF pays a higher dividend yield, CGUS or TSPA?

CGUS has the higher dividend yield at 0.87%, compared with 0.56% for TSPA.

What is the main difference between CGUS and TSPA?

They also come from different issuers: Capital Group and T. Rowe Price. Their fees differ too: 0.33% for CGUS and 0.34% for TSPA.

Which has better risk-adjusted returns?

TSPA currently has the higher Sharpe Ratio (2.28 vs 2.08), 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.