TDVG vs. TGRW

Last updated Aug 2, 2026

TDVG (T. Rowe Price Dividend Growth ETF) and TGRW (T. Rowe Price Growth Stock ETF) are both exchange-traded funds - TDVG is a Large Cap Blend Equities fund actively managed by T. Rowe Price, while TGRW is a Large Cap Growth Equities fund actively managed by T. Rowe Price. Both are actively managed. Over the past 5 years, TDVG returned 10.00%/yr vs 6.77%/yr for TGRW. Their 0.71 correlation means they have sometimes moved together and sometimes differently. TDVG charges 0.50%/yr vs 0.52%/yr for TGRW.

Performance

TDVG vs. TGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Dividend Growth ETF (TDVG) 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, TDVG achieves a 10.93% return, which is significantly higher than TGRW's -0.41% return.

TDVG

• 1D: -0.24%
• 1M: 0.47%
• 6M: 9.09%
• YTD: 10.93%
• 1Y: 19.23%
• 3Y*: 14.55%
• 5Y*: 10.00%
• 10Y*: —
• ALL TIME*: 13.28%

TGRW

• 1D: 1.18%
• 1M: -2.97%
• 6M: 2.03%
• YTD: -0.41%
• 1Y: 8.07%
• 3Y*: 17.00%
• 5Y*: 6.77%
• 10Y*: —
• ALL TIME*: 10.68%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TDVG T. Rowe Price Dividend Growth ETF	$2.11M	$3.07M	$2.63M
TGRW T. Rowe Price Growth Stock ETF	$159.62K	$239.67K	$596.13K

TDVG vs. TGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TDVG T. Rowe Price Dividend Growth ETF	10.93%	14.80%	13.45%	13.95%	-10.15%	26.20%	12.97%
TGRW T. Rowe Price Growth Stock ETF	-0.41%	15.62%	29.94%	48.87%	-38.42%	14.97%	16.40%

Correlation

The correlation between TDVG and TGRW is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (3Y) Balances recent behavior with more history.	0.60
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (All Time) Calculated using the full available price history since Aug 5, 2020	0.71

The correlation between TDVG and TGRW shifts across timeframes, from 0.53 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

TDVG vs. TGRW - Sectors Allocation Comparison

Sectors	TDVG	TGRW
Technology	27.4%	51.7%
Financial Services	19.3%	5.5%
Industrials	14.4%	8.3%
Healthcare	12.8%	6.5%
Consumer Cyclical	6.7%	8.3%
Consumer Defensive	6.6%	0.2%
Energy	4.5%	-
Utilities	3.2%	-
Basic Materials	2.8%	0.6%
Real Estate	1.5%	0.6%
Communication Services	0.8%	18.3%

Return for Risk

TDVG vs. TGRW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TDVG

TDVG Risk / Return Rank: 80
TDVG Sharpe Ratio Rank: 82
TDVG Sortino Ratio Rank: 83
TDVG Omega Ratio Rank: 80
TDVG Calmar Ratio Rank: 73
TDVG Martin Ratio Rank: 81

TGRW

TGRW Risk / Return Rank: 17
TGRW Sharpe Ratio Rank: 18
TGRW Sortino Ratio Rank: 17
TGRW Omega Ratio Rank: 17
TGRW Calmar Ratio Rank: 16
TGRW Martin Ratio Rank: 17

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TDVG vs. TGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dividend Growth ETF (TDVG) 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.

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.

	TDVG	TGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.87	0.30	+1.57
Sortino ratio: Return per unit of downside risk	2.69	0.55	+2.14
Omega ratio: Gain probability vs. loss probability	1.34	1.06	+0.27
Calmar ratio: Return relative to maximum drawdown	2.51	0.29	+2.22
Martin ratio: Return relative to average drawdown	10.48	0.86	+9.62

TDVG vs. TGRW - Sharpe Ratio Comparison

The current TDVG Sharpe Ratio is 1.87, which is higher than the TGRW Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of TDVG 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.

Drawdowns

TDVG vs. TGRW - Drawdown Comparison

The maximum TDVG drawdown since its inception was -19.20%, smaller than the maximum TGRW drawdown of -43.33%. Use the drawdown chart below to compare losses from any high point for TDVG and TGRW.

Drawdown Indicators

	TDVG	TGRW	Difference
Max Drawdown Largest peak-to-trough decline	-19.20%	-43.33%	+24.13%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-18.84%	+11.60%
Max Drawdown (3Y) Largest decline over 3 years	-14.02%	-23.18%	+9.16%
Max Drawdown (5Y) Largest decline over 5 years	-19.20%	-43.33%	+24.13%
Current Drawdown Current decline from peak	-0.92%	-7.58%	+6.66%
Average Drawdown Average peak-to-trough decline	-3.67%	-12.29%	+8.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	6.43%	-4.70%

Volatility

TDVG vs. TGRW - Volatility Comparison

The current volatility for T. Rowe Price Dividend Growth ETF (TDVG) is 2.20%, while T. Rowe Price Growth Stock ETF (TGRW) has a volatility of 5.82%. This indicates that TDVG experiences smaller price fluctuations and is considered to be less risky than TGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDVG	TGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.20%	5.82%	-3.62%
Volatility (6M) Calculated over the trailing 6-month period	7.30%	14.41%	-7.11%
Volatility (1Y) Calculated over the trailing 1-year period	9.74%	18.24%	-8.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.87%	23.49%	-9.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.81%	22.99%	-9.18%

TDVG vs. TGRW - Expense Ratio Comparison

TDVG has a 0.50% expense ratio, which is lower than TGRW's 0.52% expense ratio.

Dividends

TDVG vs. TGRW - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020
TDVG T. Rowe Price Dividend Growth ETF	0.96%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%
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 TDVG and TGRW in my portfolio?

TDVG and TGRW have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDVG or TGRW?

TGRW has higher volatility (5.82%) compared to TDVG (2.20%). In terms of maximum drawdown, TDVG dropped -19.20% vs TGRW's -43.33%.

Which ETF is better, TDVG or TGRW?

On 5-year performance, TDVG leads with 10.00% vs 6.77% for TGRW. On fees, TDVG is cheaper at 0.50% per year. On volatility, TDVG has been the lower-risk option at 2.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDVG or TGRW?

Over the 5-year period, TDVG has performed better with a 10.00% return vs 6.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDVG or TGRW?

TDVG is cheaper with a 0.50% expense ratio, compared with 0.52% for TGRW.

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

TDVG has the higher dividend yield at 0.96%, compared with 0.00% for TGRW.

What is the main difference between TDVG and TGRW?

TDVG is categorized as Large Cap Blend Equities, while TGRW is Large Cap Growth Equities. Their fees differ too: 0.50% for TDVG and 0.52% for TGRW.

Which has better risk-adjusted returns?

TDVG currently has the higher Sharpe Ratio (1.87 vs 0.30), 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.