TDVG vs. TIER

Last updated Jun 24, 2026

TDVG (T. Rowe Price Dividend Growth ETF) and TIER (T. Rowe Price International Equity Research ETF) are both exchange-traded funds - TDVG 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 0.67 correlation means they provide meaningful diversification when combined. TDVG charges 0.50%/yr vs 0.38%/yr for TIER.

Performance

TDVG vs. TIER - 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 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, TDVG achieves a 8.04% return, which is significantly lower than TIER's 13.19% return.

TDVG

• 1D: -0.55%
• 1M: 1.22%
• YTD: 8.04%
• 6M: 7.41%
• 1Y: 17.57%
• 3Y*: 15.55%
• 5Y*: 10.19%
• 10Y*: —

TIER

• 1D: -2.85%
• 1M: 1.38%
• YTD: 13.19%
• 6M: 13.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDVG vs. TIER - Yearly Performance Comparison

	2026 (YTD)	2025
TDVG T. Rowe Price Dividend Growth ETF	8.04%	8.36%
TIER T. Rowe Price International Equity Research ETF	13.19%	12.72%

Correlation

The correlation between TDVG and TIER is 0.67, 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 26, 2025	0.67

TDVG vs. TIER - Sectors Allocation Comparison

Sectors	TDVG	TIER
Technology	26.2%	23.7%
Financial Services	19.3%	23.6%
Industrials	13.6%	13.7%
Healthcare	12.4%	5.9%
Consumer Cyclical	7.2%	7.4%
Consumer Defensive	6.9%	4.6%
Energy	5.3%	5.1%
Utilities	3.8%	2.5%
Basic Materials	2.8%	7.3%
Real Estate	1.6%	1.1%
Communication Services	1.0%	5.2%

Return for Risk

TDVG vs. TIER — Risk / Return Rank

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

TDVG

TDVG Risk / Return Rank: 56
TDVG Sharpe Ratio Rank: 56
TDVG Sortino Ratio Rank: 58
TDVG Omega Ratio Rank: 54
TDVG Calmar Ratio Rank: 52
TDVG Martin Ratio Rank: 59

TIER

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

TDVG vs. TIER - 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 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.

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	TIER	Difference
Sharpe ratio: Return per unit of total volatility	1.81	—	—
Sortino ratio: Return per unit of downside risk	2.60	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.44	—	—
Martin ratio: Return relative to average drawdown	10.01	—	—

Drawdowns

TDVG vs. TIER - Drawdown Comparison

The maximum TDVG drawdown since its inception was -19.20%, which is greater than TIER's maximum drawdown of -12.07%. Use the drawdown chart below to compare losses from any high point for TDVG and TIER.

Drawdown Indicators

	TDVG	TIER	Difference
Max Drawdown Largest peak-to-trough decline	-19.20%	-12.07%	-7.13%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.20%	—	—
Current Drawdown Current decline from peak	-0.82%	-2.85%	+2.03%
Average Drawdown Average peak-to-trough decline	-3.73%	-1.78%	-1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	—	—

Volatility

Volatility by Period

	TDVG	TIER	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.79%	16.49%	-6.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	16.49%	-2.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.90%	16.49%	-2.59%

TDVG vs. TIER - Expense Ratio Comparison

TDVG has a 0.50% expense ratio, which is higher than TIER's 0.38% expense ratio.

Dividends

TDVG vs. TIER - Dividend Comparison

TDVG's dividend yield for the trailing twelve months is around 0.98%, more than TIER's 0.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
TDVG T. Rowe Price Dividend Growth ETF	0.98%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%
TIER T. Rowe Price International Equity Research ETF	0.66%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDVG and TIER in my portfolio?

TDVG and TIER have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDVG 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, TDVG or TIER?

TIER is cheaper with a 0.38% expense ratio, compared with 0.50% for TDVG.

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

TDVG has the higher dividend yield at 0.98%, compared with 0.66% for TIER.

What is the main difference between TDVG and TIER?

TDVG is categorized as Large Cap Growth Equities, while TIER is Foreign Large Cap Equities. Their fees differ too: 0.50% for TDVG and 0.38% for TIER.