TACN vs. TOUS

Last updated Jul 10, 2026

TACN (T. Rowe Price Active Core International Equity ETF) and TOUS (T. Rowe Price International Equity ETF) are both exchange-traded funds - TACN is a Actively Managed fund actively managed by T. Rowe Price, while TOUS is a Foreign Large Cap Equities fund actively managed by T. Rowe Price. Both are actively managed. With a 0.95 correlation, they move nearly in lockstep. TACN charges 0.20%/yr vs 0.50%/yr for TOUS.

Performance

TACN vs. TOUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Active Core International Equity ETF (TACN) and T. Rowe Price International Equity ETF (TOUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with TACN having a 10.93% return and TOUS slightly higher at 11.20%.

TACN

• 1D: 0.39%
• 1M: 2.67%
• 6M: 8.65%
• YTD: 10.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TOUS

• 1D: 0.48%
• 1M: 3.10%
• 6M: 8.50%
• YTD: 11.20%
• 1Y: 19.82%
• 3Y*: 18.15%
• 5Y*: —
• 10Y*: —

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

TACN vs. TOUS - Yearly Performance Comparison

	2026 (YTD)	2025
TACN T. Rowe Price Active Core International Equity ETF	10.93%	1.68%
TOUS T. Rowe Price International Equity ETF	11.20%	1.57%

Correlation

The correlation between TACN and TOUS is 0.95 - 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 (All Time) Calculated using the full available price history since Dec 11, 2025	0.95

Return for Risk

TACN vs. TOUS — Risk / Return Rank

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

TACN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TOUS

TOUS Risk / Return Rank: 43
TOUS Sharpe Ratio Rank: 43
TOUS Sortino Ratio Rank: 45
TOUS Omega Ratio Rank: 44
TOUS Calmar Ratio Rank: 39
TOUS Martin Ratio Rank: 45

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.

TACN vs. TOUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Active Core International Equity ETF (TACN) and T. Rowe Price International Equity ETF (TOUS). 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.

	TACN	TOUS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.25	—
Sortino ratio: Return per unit of downside risk	—	1.85	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.63	—
Martin ratio: Return relative to average drawdown	—	5.90	—

Drawdowns

TACN vs. TOUS - Drawdown Comparison

The maximum TACN drawdown since its inception was -10.98%, smaller than the maximum TOUS drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for TACN and TOUS.

Drawdown Indicators

	TACN	TOUS	Difference
Max Drawdown Largest peak-to-trough decline	-10.98%	-14.29%	+3.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.29%	—
Current Drawdown Current decline from peak	-1.18%	-1.50%	+0.32%
Average Drawdown Average peak-to-trough decline	-2.42%	-2.77%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.37%	—

Volatility

Volatility by Period

	TACN	TOUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.59%	15.98%	+1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.59%	15.28%	+2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	15.28%	+2.31%

TACN vs. TOUS - Expense Ratio Comparison

TACN has a 0.20% expense ratio, which is lower than TOUS's 0.50% expense ratio.

Dividends

TACN vs. TOUS - Dividend Comparison

TACN has not paid dividends to shareholders, while TOUS's dividend yield for the trailing twelve months is around 1.56%.

Position	TTM	2025	2024	2023
TACN T. Rowe Price Active Core International Equity ETF	0.00%	0.00%	0.00%	0.00%
TOUS T. Rowe Price International Equity ETF	1.56%	1.74%	3.01%	0.50%

Frequently Asked Questions

Can I hold both TACN and TOUS in my portfolio?

With a correlation of 0.95, TACN and TOUS 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 ETF is better, TACN or TOUS?

On fees, TACN is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TACN or TOUS?

TACN is cheaper with a 0.20% expense ratio, compared with 0.50% for TOUS.

Which ETF pays a higher dividend yield, TACN or TOUS?

TOUS has the higher dividend yield at 1.56%, compared with 0.00% for TACN.

What is the main difference between TACN and TOUS?

TACN is categorized as Actively Managed, while TOUS is Foreign Large Cap Equities. Their fees differ too: 0.20% for TACN and 0.50% for TOUS.