TBCIX vs. TCHP

Last updated Jun 23, 2026

TBCIX (T. Rowe Price Blue Chip Growth Fund I Class) and TCHP (T. Rowe Price Blue Chip Growth ETF) are both Large Cap Growth Equities funds from T. Rowe Price. Both are actively managed. Over the past 5 years, TBCIX returned 12.32%/yr vs 9.75%/yr for TCHP. With a 0.98 correlation, they move nearly in lockstep. TBCIX charges 0.56%/yr vs 0.57%/yr for TCHP.

Performance

TBCIX vs. TCHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Blue Chip Growth Fund I Class (TBCIX) and T. Rowe Price Blue Chip Growth ETF (TCHP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TBCIX achieves a 1.88% return, which is significantly higher than TCHP's 0.06% return.

TBCIX

• 1D: 1.92%
• 1M: -1.68%
• YTD: 1.88%
• 6M: 1.60%
• 1Y: 18.56%
• 3Y*: 26.56%
• 5Y*: 12.32%
• 10Y*: 17.77%

TCHP

• 1D: -1.54%
• 1M: -3.35%
• YTD: 0.06%
• 6M: -0.24%
• 1Y: 16.16%
• 3Y*: 22.15%
• 5Y*: 9.75%
• 10Y*: —

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

TBCIX vs. TCHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TBCIX T. Rowe Price Blue Chip Growth Fund I Class	1.88%	18.94%	48.73%	49.61%	-38.48%	18.30%	11.53%
TCHP T. Rowe Price Blue Chip Growth ETF	0.06%	18.40%	36.06%	50.10%	-37.81%	18.08%	11.58%

Correlation

The correlation between TBCIX and TCHP 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 (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Aug 5, 2020	0.98

The correlation between TBCIX and TCHP has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

TBCIX vs. TCHP — Risk / Return Rank

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

TBCIX

TBCIX Risk / Return Rank: 15
TBCIX Sharpe Ratio Rank: 17
TBCIX Sortino Ratio Rank: 16
TBCIX Omega Ratio Rank: 16
TBCIX Calmar Ratio Rank: 12
TBCIX Martin Ratio Rank: 13

TCHP

TCHP Risk / Return Rank: 25
TCHP Sharpe Ratio Rank: 27
TCHP Sortino Ratio Rank: 26
TCHP Omega Ratio Rank: 26
TCHP Calmar Ratio Rank: 21
TCHP Martin Ratio Rank: 24

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.

TBCIX vs. TCHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Blue Chip Growth Fund I Class (TBCIX) and T. Rowe Price Blue Chip Growth ETF (TCHP). 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.

	TBCIX	TCHP	Difference
Sharpe ratio: Return per unit of total volatility	1.10	0.95	+0.15
Sortino ratio: Return per unit of downside risk	1.57	1.38	+0.19
Omega ratio: Gain probability vs. loss probability	1.19	1.17	+0.02
Calmar ratio: Return relative to maximum drawdown	1.07	0.93	+0.14
Martin ratio: Return relative to average drawdown	3.53	3.03	+0.50

TBCIX vs. TCHP - Sharpe Ratio Comparison

The current TBCIX Sharpe Ratio is 1.10, which is comparable to the TCHP Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of TBCIX and TCHP, 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

TBCIX vs. TCHP - Drawdown Comparison

The maximum TBCIX drawdown since its inception was -43.26%, roughly equal to the maximum TCHP drawdown of -42.34%. Use the drawdown chart below to compare losses from any high point for TBCIX and TCHP.

Drawdown Indicators

	TBCIX	TCHP	Difference
Max Drawdown Largest peak-to-trough decline	-43.26%	-42.34%	-0.92%
Max Drawdown (1Y) Largest decline over 1 year	-16.96%	-17.50%	+0.54%
Max Drawdown (3Y) Largest decline over 3 years	-23.06%	-22.92%	-0.14%
Max Drawdown (5Y) Largest decline over 5 years	-43.26%	-42.34%	-0.92%
Max Drawdown (10Y) Largest decline over 10 years	-43.26%	—	—
Current Drawdown Current decline from peak	-4.13%	-5.90%	+1.77%
Average Drawdown Average peak-to-trough decline	-8.05%	-11.41%	+3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.12%	5.35%	-0.23%

Volatility

TBCIX vs. TCHP - Volatility Comparison

T. Rowe Price Blue Chip Growth Fund I Class (TBCIX) and T. Rowe Price Blue Chip Growth ETF (TCHP) have volatilities of 6.44% and 6.56%, 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

	TBCIX	TCHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.44%	6.56%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	13.28%	13.38%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	16.54%	17.09%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.02%	23.57%	+0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.82%	23.22%	-0.40%

TBCIX vs. TCHP - Expense Ratio Comparison

TBCIX has a 0.56% expense ratio, which is lower than TCHP's 0.57% expense ratio.

Dividends

TBCIX vs. TCHP - Dividend Comparison

TBCIX's dividend yield for the trailing twelve months is around 5.11%, while TCHP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TBCIX T. Rowe Price Blue Chip Growth Fund I Class	5.11%	5.20%	18.28%	3.47%	5.84%	10.03%	1.18%	0.59%	2.50%	3.05%	0.81%
TCHP T. Rowe Price Blue Chip Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TBCIX and TCHP in my portfolio?

With a correlation of 0.96, TBCIX and TCHP 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, TBCIX or TCHP?

TCHP has higher volatility (6.56%) compared to TBCIX (6.44%). In terms of maximum drawdown, TBCIX dropped -43.26% vs TCHP's -42.34%.

Which has better risk-adjusted returns?

TBCIX currently has the higher Sharpe Ratio (1.10 vs 0.95), 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.