TCHP vs. TIER

Last updated Jun 4, 2026

TCHP (T. Rowe Price Blue Chip Growth ETF) and TIER (T. Rowe Price International Equity Research ETF) are both exchange-traded funds - TCHP is a Large Cap Growth Equities fund actively managed by T. Rowe Price, while TIER is a Foreign Large Cap Equities fund actively managed by T. Rowe Price. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. TCHP charges 0.57%/yr vs 0.38%/yr for TIER.

Performance

TCHP vs. TIER - 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 International Equity Research ETF (TIER). 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 TIER's 14.25% return.

TCHP

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

TIER

• 1D: -1.12%
• 1M: 4.48%
• YTD: 14.25%
• 6M: 16.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TCHP vs. TIER - Yearly Performance Comparison

	2026 (YTD)	2025
TCHP T. Rowe Price Blue Chip Growth ETF	3.99%	11.62%
TIER T. Rowe Price International Equity Research ETF	14.25%	12.37%

Correlation

The correlation between TCHP and TIER is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.63

TCHP vs. TIER - Sectors Allocation Comparison

Sectors	TCHP	TIER
Technology	47.9%	20.2%
Consumer Cyclical	16.2%	7.9%
Communication Services	15.7%	5.4%
Financial Services	8.0%	24.5%
Healthcare	6.6%	6.3%
Industrials	3.6%	13.5%
Consumer Defensive	0.8%	4.9%
Basic Materials	0.8%	7.5%
Utilities	0.5%	2.7%
Energy	-	5.8%
Real Estate	-	1.3%

Return for Risk

TCHP vs. TIER — 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

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. TIER - 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 International Equity Research ETF (TIER). 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	TIER	Difference
Sharpe ratio: Return per unit of total volatility	1.25	—	—
Sortino ratio: Return per unit of downside risk	1.76	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.15	—	—
Martin ratio: Return relative to average drawdown	3.84	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TCHP	TIER	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	1.97	-1.40

Drawdowns

TCHP vs. TIER - Drawdown Comparison

The maximum TCHP drawdown since its inception was -42.34%, which is greater than TIER's maximum drawdown of -12.07%. Use the drawdown chart below to compare losses from any high point for TCHP and TIER.

Drawdown Indicators

	TCHP	TIER	Difference
Max Drawdown Largest peak-to-trough decline	-42.34%	-12.07%	-30.27%
Max Drawdown (1Y) Largest decline over 1 year	-17.50%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.34%	—	—
Current Drawdown Current decline from peak	-2.21%	-1.12%	-1.09%
Average Drawdown Average peak-to-trough decline	-11.47%	-1.78%	-9.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.23%	—	—

Volatility

Volatility by Period

	TCHP	TIER	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.12%	15.62%	+0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.43%	15.62%	+7.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.18%	15.62%	+7.56%

TCHP vs. TIER - Expense Ratio Comparison

TCHP has a 0.57% expense ratio, which is higher than TIER's 0.38% expense ratio.

Dividends

TCHP vs. TIER - Dividend Comparison

TCHP has not paid dividends to shareholders, while TIER's dividend yield for the trailing twelve months is around 0.65%.

Position	TTM	2025	2024	2023	2022	2021
TCHP T. Rowe Price Blue Chip Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%
TIER T. Rowe Price International Equity Research ETF	0.65%	0.74%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TCHP and TIER in my portfolio?

TCHP and TIER have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TCHP or TIER?

On fees, TIER is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TCHP or TIER?

TIER is cheaper with a 0.38% expense ratio, compared with 0.57% for TCHP.

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

TIER has the higher dividend yield at 0.65%, compared with 0.00% for TCHP.

What is the main difference between TCHP and TIER?

TCHP is categorized as Large Cap Growth Equities, while TIER is Foreign Large Cap Equities. Their fees differ too: 0.57% for TCHP and 0.38% for TIER.