DARP vs. TDVG

Last updated Jun 24, 2026

DARP (Grizzle 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, DARP returned 68.50% vs 17.57% for TDVG. A 0.54 correlation means they provide meaningful diversification when combined. DARP charges 0.75%/yr vs 0.50%/yr for TDVG.

Performance

DARP vs. TDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grizzle Growth ETF (DARP) 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, DARP achieves a 26.21% return, which is significantly higher than TDVG's 8.04% return.

DARP

• 1D: -4.47%
• 1M: -1.76%
• YTD: 26.21%
• 6M: 25.50%
• 1Y: 68.50%
• 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)

DARP vs. TDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DARP Grizzle Growth ETF	26.21%	40.19%	24.63%	6.25%
TDVG T. Rowe Price Dividend Growth ETF	8.04%	14.80%	13.45%	7.16%

Correlation

The correlation between DARP and TDVG is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Aug 28, 2023	0.54

The correlation between DARP and TDVG has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.

DARP vs. TDVG - Sectors Allocation Comparison

Sectors	DARP	TDVG
Technology	49.5%	26.2%
Communication Services	17.2%	1.0%
Energy	8.2%	5.3%
Industrials	7.7%	13.6%
Consumer Cyclical	5.6%	7.2%
Utilities	4.6%	3.8%
Basic Materials	3.2%	2.8%
Healthcare	1.4%	12.4%
Consumer Defensive	-	6.9%
Financial Services	-	19.3%
Real Estate	-	1.6%

Return for Risk

DARP vs. TDVG — Risk / Return Rank

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

DARP

DARP Risk / Return Rank: 85
DARP Sharpe Ratio Rank: 89
DARP Sortino Ratio Rank: 76
DARP Omega Ratio Rank: 78
DARP Calmar Ratio Rank: 92
DARP Martin Ratio Rank: 91

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.

DARP vs. TDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grizzle Growth ETF (DARP) 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.

	DARP	TDVG	Difference
Sharpe ratio: Return per unit of total volatility	2.77	1.81	+0.96
Sortino ratio: Return per unit of downside risk	3.19	2.60	+0.59
Omega ratio: Gain probability vs. loss probability	1.43	1.32	+0.11
Calmar ratio: Return relative to maximum drawdown	5.83	2.44	+3.39
Martin ratio: Return relative to average drawdown	20.69	10.01	+10.68

DARP vs. TDVG - Sharpe Ratio Comparison

The current DARP Sharpe Ratio is 2.77, which is higher than the TDVG Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of DARP 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

DARP vs. TDVG - Drawdown Comparison

The maximum DARP drawdown since its inception was -30.27%, which is greater than TDVG's maximum drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for DARP and TDVG.

Drawdown Indicators

	DARP	TDVG	Difference
Max Drawdown Largest peak-to-trough decline	-30.27%	-19.20%	-11.07%
Max Drawdown (1Y) Largest decline over 1 year	-11.82%	-7.24%	-4.58%
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	-5.59%	-0.82%	-4.77%
Average Drawdown Average peak-to-trough decline	-4.64%	-3.73%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	1.76%	+1.56%

Volatility

DARP vs. TDVG - Volatility Comparison

Grizzle Growth ETF (DARP) has a higher volatility of 10.71% compared to T. Rowe Price Dividend Growth ETF (TDVG) at 2.78%. This indicates that DARP'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

	DARP	TDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.71%	2.78%	+7.93%
Volatility (6M) Calculated over the trailing 6-month period	19.20%	7.61%	+11.59%
Volatility (1Y) Calculated over the trailing 1-year period	24.83%	9.79%	+15.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.48%	13.92%	+12.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.48%	13.90%	+12.58%

DARP vs. TDVG - Expense Ratio Comparison

DARP has a 0.75% expense ratio, which is higher than TDVG's 0.50% expense ratio.

Dividends

DARP vs. TDVG - Dividend Comparison

DARP's dividend yield for the trailing twelve months is around 0.34%, less than TDVG's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DARP Grizzle Growth ETF	0.34%	0.43%	1.93%	0.32%	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 DARP and TDVG in my portfolio?

DARP and TDVG have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DARP or TDVG?

DARP has higher volatility (10.71%) compared to TDVG (2.78%). In terms of maximum drawdown, DARP dropped -30.27% vs TDVG's -19.20%.

Which ETF is better, DARP or TDVG?

On 1-year performance, DARP leads with 68.50% vs 17.57% for TDVG. 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, DARP or TDVG?

Over the 1-year period, DARP has performed better with a 68.50% return vs 17.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DARP or TDVG?

TDVG is cheaper with a 0.50% expense ratio, compared with 0.75% for DARP.

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

TDVG has the higher dividend yield at 0.98%, compared with 0.34% for DARP.

What is the main difference between DARP and TDVG?

They also come from different issuers: Grizzle and T. Rowe Price. Their fees differ too: 0.75% for DARP and 0.50% for TDVG.

Which has better risk-adjusted returns?

DARP currently has the higher Sharpe Ratio (2.77 vs 1.81), 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.