TCHP vs. TGRW

Last updated Jun 4, 2026

TCHP (T. Rowe Price Blue Chip Growth ETF) and TGRW (T. Rowe Price Growth Stock ETF) are both Large Cap Growth Equities funds from T. Rowe Price. Both are actively managed. Over the past 5 years, TCHP returned 11.66%/yr vs 9.69%/yr for TGRW. With a 0.98 correlation, they move nearly in lockstep. TCHP charges 0.57%/yr vs 0.52%/yr for TGRW.

Performance

TCHP vs. TGRW - Performance Comparison

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

Returns By Period

In the year-to-date period, TCHP achieves a 3.99% return, which is significantly lower than TGRW's 5.83% return.

TCHP

• 1D: -1.29%
• 1M: 3.68%
• YTD: 3.99%
• 6M: 4.18%
• 1Y: 20.05%
• 3Y*: 24.50%
• 5Y*: 11.66%
• 10Y*: —

TGRW

• 1D: -1.25%
• 1M: 6.14%
• YTD: 5.83%
• 6M: 5.32%
• 1Y: 21.56%
• 3Y*: 22.38%
• 5Y*: 9.69%
• 10Y*: —

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

TCHP vs. TGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TCHP T. Rowe Price Blue Chip Growth ETF	3.99%	18.40%	36.06%	50.10%	-37.81%	18.08%	11.37%
TGRW T. Rowe Price Growth Stock ETF	5.83%	15.62%	29.94%	48.87%	-38.42%	14.97%	15.75%

Correlation

The correlation between TCHP and TGRW is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Aug 6, 2020	0.98

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

TCHP vs. TGRW - Sectors Allocation Comparison

Sectors	TCHP	TGRW
Technology	47.9%	52.0%
Consumer Cyclical	16.2%	12.5%
Communication Services	15.7%	15.6%
Financial Services	8.0%	5.6%
Healthcare	6.6%	7.4%
Industrials	3.6%	4.6%
Consumer Defensive	0.8%	0.9%
Basic Materials	0.8%	0.7%
Utilities	0.5%	-
Energy	-	-
Real Estate	-	0.6%

Return for Risk

TCHP vs. TGRW — Risk / Return Rank

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

TCHP

TCHP Risk / Return Rank: 30
TCHP Sharpe Ratio Rank: 34
TCHP Sortino Ratio Rank: 32
TCHP Omega Ratio Rank: 32
TCHP Calmar Ratio Rank: 24
TCHP Martin Ratio Rank: 27

TGRW

TGRW Risk / Return Rank: 31
TGRW Sharpe Ratio Rank: 36
TGRW Sortino Ratio Rank: 34
TGRW Omega Ratio Rank: 34
TGRW Calmar Ratio Rank: 24
TGRW Martin Ratio Rank: 26

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. TGRW - Risk-Adjusted Trends Comparison

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

	TCHP	TGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.31	-0.06
Sortino ratio: Return per unit of downside risk	1.76	1.84	-0.08
Omega ratio: Gain probability vs. loss probability	1.22	1.23	-0.01
Calmar ratio: Return relative to maximum drawdown	1.15	1.15	0.00
Martin ratio: Return relative to average drawdown	3.84	3.64	+0.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TCHP vs. TGRW - Sharpe Ratio Comparison

The current TCHP Sharpe Ratio is 1.25, which is comparable to the TGRW Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of TCHP and TGRW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TCHP	TGRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.31	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.42	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.53	+0.05

Drawdowns

TCHP vs. TGRW - Drawdown Comparison

The maximum TCHP drawdown since its inception was -42.34%, roughly equal to the maximum TGRW drawdown of -43.33%. Use the drawdown chart below to compare losses from any high point for TCHP and TGRW.

Drawdown Indicators

	TCHP	TGRW	Difference
Max Drawdown Largest peak-to-trough decline	-42.34%	-43.33%	+0.99%
Max Drawdown (1Y) Largest decline over 1 year	-17.50%	-18.84%	+1.34%
Max Drawdown (3Y) Largest decline over 3 years	-22.92%	-23.18%	+0.26%
Max Drawdown (5Y) Largest decline over 5 years	-42.34%	-43.33%	+0.99%
Current Drawdown Current decline from peak	-2.21%	-1.79%	-0.42%
Average Drawdown Average peak-to-trough decline	-11.47%	-12.48%	+1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.23%	5.94%	-0.71%

Volatility

TCHP vs. TGRW - Volatility Comparison

T. Rowe Price Blue Chip Growth ETF (TCHP) and T. Rowe Price Growth Stock ETF (TGRW) have volatilities of 3.84% and 3.91%, 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

	TCHP	TGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	3.91%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	12.20%	12.54%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	16.12%	16.57%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.43%	23.27%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.18%	23.02%	+0.16%

TCHP vs. TGRW - Expense Ratio Comparison

TCHP has a 0.57% expense ratio, which is higher than TGRW's 0.52% expense ratio.

Dividends

TCHP vs. TGRW - Dividend Comparison

Neither TCHP nor TGRW has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
TCHP T. Rowe Price Blue Chip Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%
TGRW T. Rowe Price Growth Stock ETF	0.00%	0.00%	0.00%	0.01%	0.00%	0.40%	0.21%

Frequently Asked Questions

Can I hold both TCHP and TGRW in my portfolio?

With a correlation of 0.98, TCHP and TGRW 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, TCHP or TGRW?

TGRW has higher volatility (3.91%) compared to TCHP (3.84%). In terms of maximum drawdown, TCHP dropped -42.34% vs TGRW's -43.33%.

Which ETF is better, TCHP or TGRW?

On 5-year performance, TCHP leads with 11.66% vs 9.69% for TGRW. On fees, TGRW is cheaper at 0.52% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TCHP or TGRW?

Over the 5-year period, TCHP has performed better with a 11.66% return vs 9.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TCHP or TGRW?

TGRW is cheaper with a 0.52% expense ratio, compared with 0.57% for TCHP.

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

TCHP and TGRW have nearly identical dividend yields, around 0.00%.

What is the main difference between TCHP and TGRW?

Their fees differ too: 0.57% for TCHP and 0.52% for TGRW.

Which has better risk-adjusted returns?

TGRW currently has the higher Sharpe Ratio (1.31 vs 1.25), 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.