TCHP vs. QWLD

Last updated Jul 15, 2026

TCHP (T. Rowe Price Blue Chip Growth ETF) and QWLD (SPDR MSCI World StrategicFactors ETF) are both Large Cap Growth Equities funds. TCHP is actively managed, while QWLD is passively managed. Over the past 5 years, TCHP returned 9.44%/yr vs 9.96%/yr for QWLD. A 0.77 correlation means they provide meaningful diversification when combined. TCHP charges 0.57%/yr vs 0.30%/yr for QWLD.

Performance

TCHP vs. QWLD - Performance Comparison

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

Returns By Period

In the year-to-date period, TCHP achieves a 1.34% return, which is significantly lower than QWLD's 7.95% return.

TCHP

• 1D: 1.61%
• 1M: 1.75%
• 6M: 0.74%
• YTD: 1.34%
• 1Y: 10.64%
• 3Y*: 21.06%
• 5Y*: 9.44%
• 10Y*: —

QWLD

• 1D: -0.12%
• 1M: 1.12%
• 6M: 6.11%
• YTD: 7.95%
• 1Y: 15.88%
• 3Y*: 15.39%
• 5Y*: 9.96%
• 10Y*: 11.53%

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

TCHP vs. QWLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TCHP T. Rowe Price Blue Chip Growth ETF	1.34%	18.40%	36.06%	50.10%	-37.81%	18.08%	11.58%
QWLD SPDR MSCI World StrategicFactors ETF	7.95%	17.93%	14.44%	19.59%	-13.30%	21.57%	12.37%

Correlation

The correlation between TCHP and QWLD is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Aug 5, 2020	0.77

The correlation between TCHP and QWLD shifts across timeframes, from 0.61 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

TCHP vs. QWLD - Sectors Allocation Comparison

Sectors	TCHP	QWLD
Technology	48.0%	25.3%
Consumer Cyclical	16.9%	5.2%
Communication Services	16.2%	8.4%
Financial Services	7.5%	14.6%
Healthcare	6.0%	12.9%
Industrials	3.5%	8.5%
Consumer Defensive	0.7%	7.2%
Basic Materials	0.7%	2.3%
Utilities	0.5%	3.8%
Energy	-	2.6%
Real Estate	-	0.7%

Return for Risk

TCHP vs. QWLD — Risk / Return Rank

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

TCHP

TCHP Risk / Return Rank: 20
TCHP Sharpe Ratio Rank: 21
TCHP Sortino Ratio Rank: 20
TCHP Omega Ratio Rank: 20
TCHP Calmar Ratio Rank: 18
TCHP Martin Ratio Rank: 21

QWLD

QWLD Risk / Return Rank: 60
QWLD Sharpe Ratio Rank: 62
QWLD Sortino Ratio Rank: 63
QWLD Omega Ratio Rank: 60
QWLD Calmar Ratio Rank: 51
QWLD Martin Ratio Rank: 63

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.

TCHP vs. QWLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Blue Chip Growth ETF (TCHP) and SPDR MSCI World StrategicFactors ETF (QWLD). 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.

	TCHP	QWLD	Difference
Sharpe ratio: Return per unit of total volatility	0.61	1.64	-1.03
Sortino ratio: Return per unit of downside risk	0.95	2.36	-1.41
Omega ratio: Gain probability vs. loss probability	1.12	1.29	-0.18
Calmar ratio: Return relative to maximum drawdown	0.61	2.08	-1.47
Martin ratio: Return relative to average drawdown	1.91	8.97	-7.06

TCHP vs. QWLD - Sharpe Ratio Comparison

The current TCHP Sharpe Ratio is 0.61, which is lower than the QWLD Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of TCHP and QWLD, 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

TCHP vs. QWLD - Drawdown Comparison

The maximum TCHP drawdown since its inception was -42.34%, which is greater than QWLD's maximum drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for TCHP and QWLD.

Drawdown Indicators

	TCHP	QWLD	Difference
Max Drawdown Largest peak-to-trough decline	-42.34%	-31.89%	-10.45%
Max Drawdown (1Y) Largest decline over 1 year	-17.50%	-7.66%	-9.84%
Max Drawdown (3Y) Largest decline over 3 years	-22.92%	-12.40%	-10.52%
Max Drawdown (5Y) Largest decline over 5 years	-42.34%	-22.84%	-19.50%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.89%	—
Current Drawdown Current decline from peak	-4.70%	-0.28%	-4.42%
Average Drawdown Average peak-to-trough decline	-11.36%	-3.68%	-7.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.59%	1.78%	+3.81%

Volatility

TCHP vs. QWLD - Volatility Comparison

T. Rowe Price Blue Chip Growth ETF (TCHP) has a higher volatility of 6.73% compared to SPDR MSCI World StrategicFactors ETF (QWLD) at 2.09%. This indicates that TCHP's price experiences larger fluctuations and is considered to be riskier than QWLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCHP	QWLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.73%	2.09%	+4.64%
Volatility (6M) Calculated over the trailing 6-month period	14.02%	7.80%	+6.22%
Volatility (1Y) Calculated over the trailing 1-year period	17.52%	9.70%	+7.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.66%	13.52%	+10.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.19%	15.11%	+8.08%

TCHP vs. QWLD - Expense Ratio Comparison

TCHP has a 0.57% expense ratio, which is higher than QWLD's 0.30% expense ratio.

Dividends

TCHP vs. QWLD - Dividend Comparison

TCHP has not paid dividends to shareholders, while QWLD's dividend yield for the trailing twelve months is around 1.81%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QWLD SPDR MSCI World StrategicFactors ETF	1.81%	1.85%	1.74%	1.78%	2.02%	1.77%	1.77%	2.13%	2.33%	2.73%	2.22%	3.42%
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%	0.00%

Frequently Asked Questions

Can I hold both TCHP and QWLD in my portfolio?

TCHP and QWLD have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TCHP or QWLD?

TCHP has higher volatility (6.73%) compared to QWLD (2.09%). In terms of maximum drawdown, TCHP dropped -42.34% vs QWLD's -31.89%.

Which ETF is better, TCHP or QWLD?

On 5-year performance, QWLD leads with 9.96% vs 9.44% for TCHP. On fees, QWLD is cheaper at 0.30% per year. On volatility, QWLD has been the lower-risk option at 2.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TCHP or QWLD?

Over the 5-year period, QWLD has performed better with a 9.96% return vs 9.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TCHP or QWLD?

QWLD is cheaper with a 0.30% expense ratio, compared with 0.57% for TCHP.

Which ETF pays a higher dividend yield, TCHP or QWLD?

QWLD has the higher dividend yield at 1.81%, compared with 0.00% for TCHP.

What is the main difference between TCHP and QWLD?

They also come from different issuers: T. Rowe Price and State Street. Their fees differ too: 0.57% for TCHP and 0.30% for QWLD.

Which has better risk-adjusted returns?

QWLD currently has the higher Sharpe Ratio (1.64 vs 0.61), 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.