TEQI vs. VLUE

Last updated Jun 4, 2026

TEQI (T. Rowe Price Equity Income ETF) and VLUE (iShares Edge MSCI USA Value Factor ETF) are both Large Cap Value Equities funds. TEQI is actively managed, while VLUE is passively managed. Over the past 5 years, TEQI returned 9.02%/yr vs 16.36%/yr for VLUE. Their correlation of 0.90 suggests significant overlap in exposure. TEQI charges 0.54%/yr vs 0.15%/yr for VLUE.

Performance

TEQI vs. VLUE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Equity Income ETF (TEQI) and iShares Edge MSCI USA Value Factor ETF (VLUE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEQI achieves a 9.71% return, which is significantly lower than VLUE's 49.00% return.

TEQI

• 1D: -0.22%
• 1M: 2.51%
• YTD: 9.71%
• 6M: 11.55%
• 1Y: 20.30%
• 3Y*: 16.18%
• 5Y*: 9.02%
• 10Y*: —

VLUE

• 1D: -0.42%
• 1M: 20.77%
• YTD: 49.00%
• 6M: 51.40%
• 1Y: 91.45%
• 3Y*: 34.26%
• 5Y*: 16.36%
• 10Y*: 15.43%

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

TEQI vs. VLUE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TEQI T. Rowe Price Equity Income ETF	9.71%	13.36%	13.14%	9.64%	-3.33%	26.25%	18.07%
VLUE iShares Edge MSCI USA Value Factor ETF	49.00%	32.67%	7.25%	14.26%	-14.17%	28.93%	18.58%

Correlation

The correlation between TEQI and VLUE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Aug 6, 2020	0.90

The correlation between TEQI and VLUE shifts across timeframes, from 0.75 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

TEQI vs. VLUE - Sectors Allocation Comparison

Sectors	TEQI	VLUE
Financial Services	20.3%	10.4%
Healthcare	12.9%	8.5%
Industrials	12.4%	7.4%
Technology	12.3%	44.5%
Energy	11.0%	3.2%
Consumer Defensive	7.2%	4.0%
Utilities	6.8%	2.0%
Communication Services	6.6%	8.3%
Consumer Cyclical	5.2%	8.3%
Real Estate	3.3%	1.8%
Basic Materials	2.2%	1.6%

Return for Risk

TEQI vs. VLUE — Risk / Return Rank

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

TEQI

TEQI Risk / Return Rank: 57
TEQI Sharpe Ratio Rank: 57
TEQI Sortino Ratio Rank: 58
TEQI Omega Ratio Rank: 56
TEQI Calmar Ratio Rank: 57
TEQI Martin Ratio Rank: 58

VLUE

VLUE Risk / Return Rank: 97
VLUE Sharpe Ratio Rank: 98
VLUE Sortino Ratio Rank: 98
VLUE Omega Ratio Rank: 97
VLUE Calmar Ratio Rank: 96
VLUE Martin Ratio Rank: 97

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.

TEQI vs. VLUE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Equity Income ETF (TEQI) and iShares Edge MSCI USA Value Factor ETF (VLUE). 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.

	TEQI	VLUE	Difference
Sharpe ratio: Return per unit of total volatility	1.94	5.32	-3.38
Sortino ratio: Return per unit of downside risk	2.76	6.86	-4.09
Omega ratio: Gain probability vs. loss probability	1.35	1.91	-0.56
Calmar ratio: Return relative to maximum drawdown	2.82	10.17	-7.35
Martin ratio: Return relative to average drawdown	10.09	45.62	-35.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEQI vs. VLUE - Sharpe Ratio Comparison

The current TEQI Sharpe Ratio is 1.94, which is lower than the VLUE Sharpe Ratio of 5.32. The chart below compares the historical Sharpe Ratios of TEQI and VLUE, 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

	TEQI	VLUE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	5.32	-3.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.92	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.76	+0.21

Drawdowns

TEQI vs. VLUE - Drawdown Comparison

The maximum TEQI drawdown since its inception was -17.82%, smaller than the maximum VLUE drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for TEQI and VLUE.

Drawdown Indicators

	TEQI	VLUE	Difference
Max Drawdown Largest peak-to-trough decline	-17.82%	-39.47%	+21.65%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	-9.04%	+1.81%
Max Drawdown (3Y) Largest decline over 3 years	-14.85%	-17.89%	+3.04%
Max Drawdown (5Y) Largest decline over 5 years	-17.82%	-27.12%	+9.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.47%	—
Current Drawdown Current decline from peak	-1.44%	-0.42%	-1.02%
Average Drawdown Average peak-to-trough decline	-3.53%	-6.01%	+2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.01%	+0.01%

Volatility

TEQI vs. VLUE - Volatility Comparison

The current volatility for T. Rowe Price Equity Income ETF (TEQI) is 2.68%, while iShares Edge MSCI USA Value Factor ETF (VLUE) has a volatility of 8.03%. This indicates that TEQI experiences smaller price fluctuations and is considered to be less risky than VLUE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEQI	VLUE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	8.03%	-5.35%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	13.96%	-6.35%
Volatility (1Y) Calculated over the trailing 1-year period	10.52%	17.30%	-6.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.61%	17.78%	-3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.12%	19.82%	-4.70%

TEQI vs. VLUE - Expense Ratio Comparison

TEQI has a 0.54% expense ratio, which is higher than VLUE's 0.15% expense ratio.

Dividends

TEQI vs. VLUE - Dividend Comparison

TEQI's dividend yield for the trailing twelve months is around 1.55%, more than VLUE's 1.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEQI T. Rowe Price Equity Income ETF	1.55%	1.71%	1.86%	2.12%	2.32%	3.03%	0.82%	0.00%	0.00%	0.00%	0.00%	0.00%
VLUE iShares Edge MSCI USA Value Factor ETF	1.40%	2.11%	2.73%	2.66%	3.18%	2.22%	2.42%	2.61%	2.70%	2.14%	2.07%	2.39%

Frequently Asked Questions

Can I hold both TEQI and VLUE in my portfolio?

TEQI and VLUE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEQI or VLUE?

VLUE has higher volatility (8.03%) compared to TEQI (2.68%). In terms of maximum drawdown, TEQI dropped -17.82% vs VLUE's -39.47%.

Which ETF is better, TEQI or VLUE?

On 5-year performance, VLUE leads with 16.36% vs 9.02% for TEQI. On fees, VLUE is cheaper at 0.15% per year. On volatility, TEQI has been the lower-risk option at 2.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEQI or VLUE?

Over the 5-year period, VLUE has performed better with a 16.36% return vs 9.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEQI or VLUE?

VLUE is cheaper with a 0.15% expense ratio, compared with 0.54% for TEQI.

Which ETF pays a higher dividend yield, TEQI or VLUE?

TEQI has the higher dividend yield at 1.55%, compared with 1.40% for VLUE.

What is the main difference between TEQI and VLUE?

They also come from different issuers: T. Rowe Price and iShares. Their fees differ too: 0.54% for TEQI and 0.15% for VLUE.

Which has better risk-adjusted returns?

VLUE currently has the higher Sharpe Ratio (5.32 vs 1.94), 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.