RWLC vs. TDVG

Last updated Aug 2, 2026

RWLC (Rayliant Wilshire NxtGen US Large Cap Equity ETF) and TDVG (T. Rowe Price Dividend Growth ETF) are both Large Cap Blend Equities funds. RWLC is passively managed, while TDVG is actively managed. Over the past 3 years, RWLC returned 22.21%/yr vs 14.55%/yr for TDVG. Their 0.76 correlation means they have sometimes moved together and sometimes differently. RWLC charges 0.32%/yr vs 0.50%/yr for TDVG.

Performance

RWLC vs. TDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rayliant Wilshire NxtGen US Large Cap Equity ETF (RWLC) 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, RWLC achieves a 13.66% return, which is significantly higher than TDVG's 10.93% return.

RWLC

• 1D: 0.44%
• 1M: 1.79%
• 6M: 12.19%
• YTD: 13.66%
• 1Y: 20.00%
• 3Y*: 22.21%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.43%

TDVG

• 1D: -0.24%
• 1M: 0.47%
• 6M: 9.09%
• YTD: 10.93%
• 1Y: 19.23%
• 3Y*: 14.55%
• 5Y*: 10.00%
• 10Y*: —
• ALL TIME*: 13.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RWLC Rayliant Wilshire NxtGen US Large Cap Equity ETF	$304.58K	$332.22K	$297.28K
TDVG T. Rowe Price Dividend Growth ETF	$2.11M	$3.07M	$2.63M

RWLC vs. TDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RWLC Rayliant Wilshire NxtGen US Large Cap Equity ETF	13.66%	20.23%	28.58%	14.40%	-12.40%	1.69%
TDVG T. Rowe Price Dividend Growth ETF	10.93%	14.80%	13.45%	13.95%	-10.15%	2.09%

Correlation

The correlation between RWLC and TDVG is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021	0.76

Over the past year, the correlation between RWLC and TDVG has dropped to 0.49 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

RWLC vs. TDVG - Sectors Allocation Comparison

Sectors	RWLC	TDVG
Technology	41.4%	27.4%
Financial Services	13.2%	19.3%
Healthcare	12.5%	12.8%
Consumer Cyclical	9.0%	6.7%
Communication Services	8.5%	0.8%
Energy	5.6%	4.5%
Consumer Defensive	4.4%	6.6%
Basic Materials	2.1%	2.8%
Industrials	1.1%	14.4%
Utilities	0.9%	3.2%
Real Estate	0.8%	1.5%

Return for Risk

RWLC vs. TDVG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RWLC

RWLC Risk / Return Rank: 54
RWLC Sharpe Ratio Rank: 51
RWLC Sortino Ratio Rank: 56
RWLC Omega Ratio Rank: 51
RWLC Calmar Ratio Rank: 55
RWLC Martin Ratio Rank: 59

TDVG

TDVG Risk / Return Rank: 80
TDVG Sharpe Ratio Rank: 82
TDVG Sortino Ratio Rank: 83
TDVG Omega Ratio Rank: 80
TDVG Calmar Ratio Rank: 73
TDVG Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RWLC vs. TDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant Wilshire NxtGen US Large Cap Equity ETF (RWLC) 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.

	RWLC	TDVG	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.87	-0.61
Sortino ratio: Return per unit of downside risk	1.95	2.69	-0.74
Omega ratio: Gain probability vs. loss probability	1.23	1.34	-0.10
Calmar ratio: Return relative to maximum drawdown	1.98	2.51	-0.53
Martin ratio: Return relative to average drawdown	7.14	10.48	-3.34

RWLC vs. TDVG - Sharpe Ratio Comparison

The current RWLC Sharpe Ratio is 1.26, which is lower than the TDVG Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of RWLC 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

RWLC vs. TDVG - Drawdown Comparison

The maximum RWLC drawdown since its inception was -21.00%, which is greater than TDVG's maximum drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for RWLC and TDVG.

Drawdown Indicators

	RWLC	TDVG	Difference
Max Drawdown Largest peak-to-trough decline	-21.00%	-19.20%	-1.80%
Max Drawdown (1Y) Largest decline over 1 year	-9.33%	-7.24%	-2.09%
Max Drawdown (3Y) Largest decline over 3 years	-16.20%	-14.02%	-2.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.20%	—
Current Drawdown Current decline from peak	-0.17%	-0.92%	+0.75%
Average Drawdown Average peak-to-trough decline	-5.29%	-3.67%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	1.73%	+0.86%

Volatility

RWLC vs. TDVG - Volatility Comparison

Rayliant Wilshire NxtGen US Large Cap Equity ETF (RWLC) has a higher volatility of 2.64% compared to T. Rowe Price Dividend Growth ETF (TDVG) at 2.20%. This indicates that RWLC'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

	RWLC	TDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	2.20%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	10.01%	7.30%	+2.71%
Volatility (1Y) Calculated over the trailing 1-year period	14.65%	9.74%	+4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.42%	13.87%	+2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.42%	13.81%	+2.61%

RWLC vs. TDVG - Expense Ratio Comparison

RWLC has a 0.32% expense ratio, which is lower than TDVG's 0.50% expense ratio.

Dividends

RWLC vs. TDVG - Dividend Comparison

RWLC's dividend yield for the trailing twelve months is around 12.92%, more than TDVG's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
RWLC Rayliant Wilshire NxtGen US Large Cap Equity ETF	12.92%	14.69%	0.98%	1.63%	1.39%	0.01%	0.00%
TDVG T. Rowe Price Dividend Growth ETF	0.96%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%

Frequently Asked Questions

Can I hold both RWLC and TDVG in my portfolio?

RWLC and TDVG have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RWLC or TDVG?

RWLC has higher volatility (2.64%) compared to TDVG (2.20%). In terms of maximum drawdown, RWLC dropped -21.00% vs TDVG's -19.20%.

Which ETF is better, RWLC or TDVG?

On 3-year performance, RWLC leads with 22.21% vs 14.55% for TDVG. On fees, RWLC is cheaper at 0.32% per year. On volatility, TDVG has been the lower-risk option at 2.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RWLC or TDVG?

Over the 3-year period, RWLC has performed better with a 22.21% return vs 14.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RWLC or TDVG?

RWLC is cheaper with a 0.32% expense ratio, compared with 0.50% for TDVG.

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

RWLC has the higher dividend yield at 12.92%, compared with 0.96% for TDVG.

What is the main difference between RWLC and TDVG?

They also come from different issuers: Rayliant and T. Rowe Price. Their fees differ too: 0.32% for RWLC and 0.50% for TDVG.

Which has better risk-adjusted returns?

TDVG currently has the higher Sharpe Ratio (1.87 vs 1.26), 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.