TFNS vs. TGRW

Last updated Jun 26, 2026

TFNS (T. Rowe Price Financials ETF) and TGRW (T. Rowe Price Growth Stock ETF) are both exchange-traded funds - TFNS is a Financials 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 year, TFNS returned 9.47% vs 11.22% for TGRW. At a 0.38 correlation, their price movements are largely independent. TFNS charges 0.44%/yr vs 0.52%/yr for TGRW.

Performance

TFNS vs. TGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Financials ETF (TFNS) 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, TFNS achieves a -0.33% return, which is significantly higher than TGRW's -0.85% return.

TFNS

• 1D: -0.43%
• 1M: 3.27%
• YTD: -0.33%
• 6M: -2.16%
• 1Y: 9.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TGRW

• 1D: -0.61%
• 1M: -5.35%
• YTD: -0.85%
• 6M: -1.97%
• 1Y: 11.22%
• 3Y*: 19.61%
• 5Y*: 7.20%
• 10Y*: —

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

TFNS vs. TGRW - Yearly Performance Comparison

	2026 (YTD)	2025
TFNS T. Rowe Price Financials ETF	-0.33%	11.06%
TGRW T. Rowe Price Growth Stock ETF	-0.85%	13.59%

Correlation

The correlation between TFNS and TGRW is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.38

TFNS vs. TGRW - Sectors Allocation Comparison

Sectors	TFNS	TGRW
Financial Services	96.9%	5.2%
Technology	2.0%	52.6%
Industrials	1.1%	4.1%
Basic Materials	-	0.6%
Communication Services	-	16.5%
Consumer Cyclical	-	13.1%
Consumer Defensive	-	0.8%
Energy	-	-
Healthcare	-	6.6%
Real Estate	-	0.6%
Utilities	-	-

Return for Risk

TFNS vs. TGRW — Risk / Return Rank

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

TFNS

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

TGRW

TGRW Risk / Return Rank: 19
TGRW Sharpe Ratio Rank: 20
TGRW Sortino Ratio Rank: 19
TGRW Omega Ratio Rank: 19
TGRW Calmar Ratio Rank: 16
TGRW Martin Ratio Rank: 18

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.

TFNS vs. TGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Financials ETF (TFNS) 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.

	TFNS	TGRW	Difference
Sharpe ratio: Return per unit of total volatility	0.64	0.65	-0.01
Sortino ratio: Return per unit of downside risk	0.95	1.00	-0.04
Omega ratio: Gain probability vs. loss probability	1.12	1.12	0.00
Calmar ratio: Return relative to maximum drawdown	0.68	0.60	+0.08
Martin ratio: Return relative to average drawdown	1.83	1.85	-0.02

TFNS vs. TGRW - Sharpe Ratio Comparison

The current TFNS Sharpe Ratio is 0.64, which is comparable to the TGRW Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of TFNS 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

TFNS vs. TGRW - Drawdown Comparison

The maximum TFNS drawdown since its inception was -14.00%, smaller than the maximum TGRW drawdown of -43.33%. Use the drawdown chart below to compare losses from any high point for TFNS and TGRW.

Drawdown Indicators

	TFNS	TGRW	Difference
Max Drawdown Largest peak-to-trough decline	-14.00%	-43.33%	+29.33%
Max Drawdown (1Y) Largest decline over 1 year	-14.00%	-18.84%	+4.84%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.33%	—
Current Drawdown Current decline from peak	-3.11%	-7.98%	+4.87%
Average Drawdown Average peak-to-trough decline	-3.81%	-12.40%	+8.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.20%	6.09%	-0.89%

Volatility

TFNS vs. TGRW - Volatility Comparison

The current volatility for T. Rowe Price Financials ETF (TFNS) is 4.10%, while T. Rowe Price Growth Stock ETF (TGRW) has a volatility of 6.40%. This indicates that TFNS 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

	TFNS	TGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	6.40%	-2.30%
Volatility (6M) Calculated over the trailing 6-month period	11.38%	13.51%	-2.13%
Volatility (1Y) Calculated over the trailing 1-year period	14.90%	17.35%	-2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.01%	23.40%	-8.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.01%	23.03%	-8.02%

TFNS vs. TGRW - Expense Ratio Comparison

TFNS has a 0.44% expense ratio, which is lower than TGRW's 0.52% expense ratio.

Dividends

TFNS vs. TGRW - Dividend Comparison

TFNS's dividend yield for the trailing twelve months is around 0.49%, while TGRW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
TFNS T. Rowe Price Financials ETF	0.49%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%
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 TFNS and TGRW in my portfolio?

TFNS and TGRW have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TFNS or TGRW?

TGRW has higher volatility (6.40%) compared to TFNS (4.10%). In terms of maximum drawdown, TFNS dropped -14.00% vs TGRW's -43.33%.

Which ETF is better, TFNS or TGRW?

On 1-year performance, TGRW leads with 11.22% vs 9.47% for TFNS. On fees, TFNS is cheaper at 0.44% per year. On volatility, TFNS has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TFNS or TGRW?

Over the 1-year period, TGRW has performed better with a 11.22% return vs 9.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TFNS or TGRW?

TFNS is cheaper with a 0.44% expense ratio, compared with 0.52% for TGRW.

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

TFNS has the higher dividend yield at 0.49%, compared with 0.00% for TGRW.

What is the main difference between TFNS and TGRW?

TFNS is categorized as Financials Equities, while TGRW is Large Cap Growth Equities. Their fees differ too: 0.44% for TFNS and 0.52% for TGRW.

Which has better risk-adjusted returns?

TGRW currently has the higher Sharpe Ratio (0.65 vs 0.64), 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.