TCHP vs. TVAL

Last updated Jul 17, 2026

TCHP (T. Rowe Price Blue Chip Growth ETF) and TVAL (T. Rowe Price Value ETF) are both exchange-traded funds - TCHP is a Large Cap Growth Equities fund actively managed by T. Rowe Price, while TVAL is a Large Cap Value Equities fund actively managed by T. Rowe Price. Both are actively managed. Over the past 3 years, TCHP returned 20.28%/yr vs 19.20%/yr for TVAL. A 0.50 correlation means they provide meaningful diversification when combined. TCHP charges 0.57%/yr vs 0.33%/yr for TVAL.

Performance

TCHP vs. TVAL - 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 Value ETF (TVAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCHP achieves a 0.06% return, which is significantly lower than TVAL's 19.93% return.

TCHP

• 1D: -1.98%
• 1M: -1.56%
• 6M: 0.81%
• YTD: 0.06%
• 1Y: 8.88%
• 3Y*: 20.28%
• 5Y*: 9.33%
• 10Y*: —

TVAL

• 1D: 0.43%
• 1M: 1.73%
• 6M: 15.42%
• YTD: 19.93%
• 1Y: 30.66%
• 3Y*: 19.20%
• 5Y*: —
• 10Y*: —

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

TCHP vs. TVAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TCHP T. Rowe Price Blue Chip Growth ETF	0.06%	18.40%	36.06%	13.29%
TVAL T. Rowe Price Value ETF	19.93%	15.59%	14.54%	8.45%

Correlation

The correlation between TCHP and TVAL is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jun 15, 2023	0.50

The correlation between TCHP and TVAL has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.

TCHP vs. TVAL - Sectors Allocation Comparison

Sectors	TCHP	TVAL
Technology	48.0%	19.6%
Consumer Cyclical	16.9%	6.7%
Communication Services	16.2%	7.6%
Financial Services	7.5%	18.7%
Healthcare	6.0%	11.2%
Industrials	3.5%	11.4%
Consumer Defensive	0.7%	6.2%
Basic Materials	0.7%	3.5%
Utilities	0.5%	4.7%
Energy	-	7.6%
Real Estate	-	2.9%

Return for Risk

TCHP vs. TVAL — Risk / Return Rank

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

TCHP

TCHP Risk / Return Rank: 18
TCHP Sharpe Ratio Rank: 19
TCHP Sortino Ratio Rank: 18
TCHP Omega Ratio Rank: 18
TCHP Calmar Ratio Rank: 17
TCHP Martin Ratio Rank: 19

TVAL

TVAL Risk / Return Rank: 93
TVAL Sharpe Ratio Rank: 94
TVAL Sortino Ratio Rank: 94
TVAL Omega Ratio Rank: 93
TVAL Calmar Ratio Rank: 90
TVAL Martin Ratio Rank: 93

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. TVAL - 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 Value ETF (TVAL). 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	TVAL	Difference
Sharpe ratio: Return per unit of total volatility	0.51	2.83	-2.33
Sortino ratio: Return per unit of downside risk	0.81	3.95	-3.14
Omega ratio: Gain probability vs. loss probability	1.10	1.51	-0.41
Calmar ratio: Return relative to maximum drawdown	0.51	4.31	-3.80
Martin ratio: Return relative to average drawdown	1.59	18.09	-16.50

TCHP vs. TVAL - Sharpe Ratio Comparison

The current TCHP Sharpe Ratio is 0.51, which is lower than the TVAL Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of TCHP and TVAL, 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. TVAL - Drawdown Comparison

The maximum TCHP drawdown since its inception was -42.34%, which is greater than TVAL's maximum drawdown of -14.84%. Use the drawdown chart below to compare losses from any high point for TCHP and TVAL.

Drawdown Indicators

	TCHP	TVAL	Difference
Max Drawdown Largest peak-to-trough decline	-42.34%	-14.84%	-27.50%
Max Drawdown (1Y) Largest decline over 1 year	-17.50%	-7.15%	-10.35%
Max Drawdown (3Y) Largest decline over 3 years	-22.92%	-14.84%	-8.08%
Max Drawdown (5Y) Largest decline over 5 years	-42.34%	—	—
Current Drawdown Current decline from peak	-5.90%	-0.07%	-5.83%
Average Drawdown Average peak-to-trough decline	-11.35%	-2.00%	-9.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.61%	1.70%	+3.91%

Volatility

TCHP vs. TVAL - Volatility Comparison

T. Rowe Price Blue Chip Growth ETF (TCHP) has a higher volatility of 6.46% compared to T. Rowe Price Value ETF (TVAL) at 2.36%. This indicates that TCHP's price experiences larger fluctuations and is considered to be riskier than TVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCHP	TVAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.46%	2.36%	+4.10%
Volatility (6M) Calculated over the trailing 6-month period	14.18%	8.39%	+5.79%
Volatility (1Y) Calculated over the trailing 1-year period	17.64%	10.88%	+6.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.67%	12.52%	+11.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.19%	12.52%	+10.67%

TCHP vs. TVAL - Expense Ratio Comparison

TCHP has a 0.57% expense ratio, which is higher than TVAL's 0.33% expense ratio.

Dividends

TCHP vs. TVAL - Dividend Comparison

TCHP has not paid dividends to shareholders, while TVAL's dividend yield for the trailing twelve months is around 0.96%.

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%
TVAL T. Rowe Price Value ETF	0.96%	1.15%	1.16%	0.64%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TCHP and TVAL in my portfolio?

TCHP and TVAL have a correlation of 0.46, 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 TVAL?

TCHP has higher volatility (6.46%) compared to TVAL (2.36%). In terms of maximum drawdown, TCHP dropped -42.34% vs TVAL's -14.84%.

Which ETF is better, TCHP or TVAL?

On 3-year performance, TCHP leads with 20.28% vs 19.20% for TVAL. On fees, TVAL is cheaper at 0.33% per year. On volatility, TVAL has been the lower-risk option at 2.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TCHP or TVAL?

Over the 3-year period, TCHP has performed better with a 20.28% return vs 19.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TCHP or TVAL?

TVAL is cheaper with a 0.33% expense ratio, compared with 0.57% for TCHP.

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

TVAL has the higher dividend yield at 0.96%, compared with 0.00% for TCHP.

What is the main difference between TCHP and TVAL?

TCHP is categorized as Large Cap Growth Equities, while TVAL is Large Cap Value Equities. Their fees differ too: 0.57% for TCHP and 0.33% for TVAL.

Which has better risk-adjusted returns?

TVAL currently has the higher Sharpe Ratio (2.83 vs 0.51), 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.