TGRT vs. GARP
Compare and contrast key facts about T. Rowe Price Growth ETF (TGRT) and iShares MSCI USA Quality GARP ETF (GARP).
TGRT and GARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TGRT is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023. GARP is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality GARP Select Index. It was launched on Jan 14, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TGRT or GARP.
Key characteristics
| TGRT | GARP | |
|---|---|---|
| YTD Return | 33.58% | 37.63% |
| 1Y Return | 42.82% | 48.92% |
| Sharpe Ratio | 2.77 | 2.88 |
| Sortino Ratio | 3.59 | 3.66 |
| Omega Ratio | 1.50 | 1.52 |
| Calmar Ratio | 3.83 | 3.86 |
| Martin Ratio | 15.90 | 14.81 |
| Ulcer Index | 2.87% | 3.50% |
| Daily Std Dev | 16.37% | 17.95% |
| Max Drawdown | -11.89% | -31.34% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TGRT and GARP is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TGRT vs. GARP - Performance Comparison
In the year-to-date period, TGRT achieves a 33.58% return, which is significantly lower than GARP's 37.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TGRT vs. GARP - Expense Ratio Comparison
TGRT has a 0.38% expense ratio, which is higher than GARP's 0.15% expense ratio.
Risk-Adjusted Performance
TGRT vs. GARP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Growth ETF (TGRT) and iShares MSCI USA Quality GARP ETF (GARP). 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.
Dividends
TGRT vs. GARP - Dividend Comparison
TGRT's dividend yield for the trailing twelve months is around 0.04%, less than GARP's 0.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
TGRT T. Rowe Price Growth ETF | 0.04% | 0.06% | 0.00% | 0.00% | 0.00% |
GARP iShares MSCI USA Quality GARP ETF | 0.36% | 0.75% | 1.85% | 0.67% | 0.75% |
Drawdowns
TGRT vs. GARP - Drawdown Comparison
The maximum TGRT drawdown since its inception was -11.89%, smaller than the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for TGRT and GARP. For additional features, visit the drawdowns tool.
Volatility
TGRT vs. GARP - Volatility Comparison
The current volatility for T. Rowe Price Growth ETF (TGRT) is 5.00%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 5.97%. This indicates that TGRT experiences smaller price fluctuations and is considered to be less risky than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.